What involves analyzing business operations for internal decision making and does not have to follow any rules issued by standard-setting bodies such as GAAP?
A. Accounting.
B. Bookkeeping.
C. Financial accounting.
D. Managerial accounting.
D. Managerial accounting.
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A dividend that represents a return to the stockholders of a part of their paid-in capital rather than a distribution out of retained earnings is called a liquidating dividend
Indicate whether the statement is true or false
Which of the following is TRUE of the traditional format of the income statement?
A) It is prepared under the variable costing method. B) It shows contribution margin as a line item. C) It is not allowed under GAAP. D) It is prepared under the absorption costing method.
In 2012, Governor Nikki R. Haley of South Carolina was cleared of charges that she violated ethics rules when she ________
A) campaigned on behalf of presidential candidates in the 2008 election B) lobbied on behalf of two businesses she worked for when she was a state representative C) perjured herself during lobbying activities D) conspired to bribe public officials
The JIT concept relies on product being ________ through the system as needed.
a. Pushed b. Aggregated c. Pulled d. Stockpiled