Making a hamburger at a fast-food restaurant is an example of a closed skill.
Answer the following statement true (T) or false (F)
True
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Absorption costing net income exceeds variable costing net income when units produced are greater than units sold
Indicate whether the statement is true or false
The ability of an entity to maintain its short-term, debt-paying ability is important to all users of financial statements
Indicate whether the statement is true or false
Which of the following is an example of a temporary difference that could result in a deferred tax asset?
a. Gain on disposal of an asset when included in taxable income before it is included in pretax accounting income b. Use of straight-line depreciation for accounting purposes and an accelerated rate for income tax purposes c. Gross margin on installment sales is recognized for accounting purposes before it is included in taxable income in the income tax return d. Prepayments of expenses in year of payment; recognition of expense for accounting purposes occurs in a later year
An advantage of transportation by trucks is that ______.
A. they can be used with intermodal transportation B. they can travel over water C. they can carry more goods per dollar of fuel costs D. they are not regulated by government