Assuming no other changes, operating income will be the same under both the variable and absorption costing methods when the number of units manufactured equals the number of units sold
Indicate whether the statement is true or false
True
You might also like to view...
The income statement of Hope Market, Inc reported a gain from the sale of land. How are the cash flow effects of this transaction reported on the statement of cash flows if the direct method is used to prepare the Operating Activities category?
a. The entire proceeds from the sale of the land are reported as an investing activity. b. The gain on the sale of land is reported in the Investing Activities category as a cash flow from the sale of land. c. The entire proceeds from the sale of the land are reported as an operating activity. d. The cash received from the sale of land is reported in the financing activity category as a cash flow from the sale of land.
A liability arises when the board of directors declares a stock dividend
Indicate whether the statement is true or false
Identify the linking verb in the sentence. Ms. Dion may be the most versatile vocalist performing today
A valued trend is ______________.
a. emerging but not yet mainstream b. constant growth c. fluctuating revenues d. financing milestones