When land with an old building is purchased as a future building site, the cost of removing the old building is part of the cost of the new building.
a. true
b. false
Ans: b. false
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In a period of rising prices, the inventory cost allocation method that tends to result in the lowest reported net income is
a. LIFO. b. FIFO. c. moving average. d. weighted average.
All of the following are characteristics of a closely held corporation EXCEPT:
a. the shares are publicly traded. b. the corporation can typically operate without a board of directors. c. the shareholders usually restrict share transfer. d. minority shareholders are provided more protection than in regular corporations.
One result of effectively managing diversity is the
A. increase in gender schemas. B. narrowing of approaches to problems and opportunities. C. reduction in employee turnover rates. D. increase in the cost of managing employees. E. decrease in distributive justice.
List at least 3 examples of carrying costs associated with holding inventory