When there are material differences between the results of using the straight-line method and using the effectiveinterest rate method of amortization, the effective interest rate method should be used
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements is True?
a. The combined total of labor and overhead is called prime cost. b. The combined total of material and labor is called conversion cost. c. The combined total of material and overhead is called period cost. d. Statements a, b and c are all false.
The practice of delegating decision-making authority to lower levels of management in a company is called decentralization
Indicate whether the statement is true or false
Undisclosed Principal. John Dunning was the sole officer of the R. B. Dunning Co and was responsible for the management and operation of the business. When the company rented a warehouse from Samuel and Ruth Saliba, Dunning did not say that he was
acting for the firm. The parties did not have a written lease. Business faltered, and the firm stopped paying rent. Eventually, it went bankrupt and vacated the property. The Salibas filed a suit in a Maine state court against Dunning personally, seeking to recover the unpaid rent. Dunning claimed the debt belonged to the company because he had been acting only as its agent. Who is liable for the rent, and why?
When forced to choose between adding more user features and doing more testing, most software companies decide in favor of more testing
a. True b. False Indicate whether the statement is true or false