When applying the lower of cost or market rule to the valuation of inventory, the allowance method is considered preferable to the direct method because
A) the allowance method reports smaller losses than the direct method.
B) the allowance method reports a higher inventory net valuation for balance sheet purposes than the direct method.
C) the allowance method reports the inventory loss or loss recovery in a separate income statement account.
D) the allowance method, unlike the direct method, reduces the value of inventory reported on the balance sheet.
C
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The reconciliation of the cash register tape with the cash in the register is an example of
A) other controls. B) independent internal verification. C) establishment of responsibility. D) segregation of duties.
Variance analysis for conversion cost in highly automated plants normally focuses on all of the following except:
a. A yield variance for material. b. Efficiency variances for cost of machinery rather than labor costs. c. volume variance for production. d. Spending variances for overhead costs.
______ research seeks to understand the interactions between culturally different individuals in organizational settings.
A. Indigenous B. International C. Comparative D. Intercultural
Approximately what percentage of large companies deliver a portion of their training online?
A. 50% B. 60% C. 30% D. 40%