In a traditional format income statement for a merchandising company, cost of goods sold is a variable cost that is included in the "Variable expenses" portion of the income statement.
Answer the following statement true (T) or false (F)
False
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Which of the following is not true concerning the recognition of unrealized gains and losses on foreign currency translation during the consolidation process?
a. Firms do not recognize these gains/losses in current income. b. Firms recognize these gain/losses in the statement of other comprehensive income c. Firms increase/reduce their investment accounts by the translation gains/losses d. Unrealized gains and losses increase/decrease other accumulated comprehensive income in shareholders' equity.
Which of the following is TRUE of an accounts receivable subsidiary ledger?
A) It does not include a receivable account for each customer, but includes a cumulative account for all customers. B) It contains information about the amount each customer purchased on credit, but excludes the customer name. C) The total of the accounts in the accounts receivable subsidiary ledger must equal the accounts receivable balance in the general ledger. D) Companies keep an accounts payable subsidiary ledger that is entirely different from the accounts receivable subsidiary ledger.
A comprehensive public relations plan clearly states tactics against which objectives can be measured and evaluated
Indicate whether the statement is true or false
Which of the following terms is defined as the degree to which a person accomplishing a task receives information about performance from performing the task itself?
A. horizontal complexity B. vertical complexity C. task feedback D. task autonomy