Which of the following statements is true?
a. A company must use the FIFO cost flow assumption for taxes as well as for financial accounting and reporting.
b. A company may use FIFO for inventory valuation purposes on the balance sheet provided that LIFO cost of goods sold is reported on the income statement.
c. Application of LIFO for financial reporting purposes must strictly follow IRS regulations relating to LIFO.
d. LIFO is the only inventory method that must be used for financial reporting purposes if used for tax purposes.
D
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Which of the following is the date on which a company determines the owners of the stock that will receive a dividend?
a. date of record b. measurement date c. date of declaration d. date of payment
Describe the nine major components of the external environment, the series of influences that originate outside the organization and that the company cannot control.
What will be an ideal response?
When a leader uses skills to improve the task performance effectiveness of the team he or she is using ______.
A. environmental leadership monitoring processes B. external leadership action processes C. internal relational leadership actions D. internal task leadership actions
Step 7 - Revise for Style and Tone - Part 1 ? Adapting your message to be well received includes using simple, concise, and tactful language. The easier it is for the audience to receive your message, the more likely it is that you will accomplish the intended purpose of the message. Busy professionals prefer messages that are easily understood. Choose the best revision for each of the words in
the left-hand column. Formal word Revision Procure _________ A. Send B. Get C. Acquire Fill in the blank(s) with correct word