Giving preferential treatment in contract bidding to the daughter of a member of the company board is not a conflict of interest
Indicate whether the statement is true or false
FALSE
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The statement of cash flows helps predict future cash flows by reporting past cash ______
Fill in the blank(s) with the appropriate word(s).
The doctrine of strict liability holds the manufacturers of a defective product solely liable for injuries caused by that product.
Answer the following statement true (T) or false (F)
Kota Toy Corporation manufactures lizard dolls in two departments, Molding and Assembly. In the Molding Department, plastic is injected into a lizard-shaped mold. The dolls that come out of the molds are then transferred to the Assembly Department where hair is applied. Kota uses a weighted-average process cost system to collect costs in both departments.On January 1, the Molding Department had 4,000 dolls in process. These dolls were 100% complete with respect to direct materials and 70% complete with respect to conversion cost. During January, Molding completed 79,000 dolls. On January 31, Molding had 7,000 dolls in work in process. These dolls were 100% complete with respect to direct materials and 25% complete with respect to conversion cost.How many dolls were started in the Molding
Department during January? A. 86,000 B. 76,000 C. 82,000 D. 75,000
Which of the following statements is false?
a. Budgeted capital expenditures are normally classified as being either near term or long term. b. Many firms evaluate projects using both financial and nonfinancial criteria c. Using multiple criteria of evaluating capital projects will allow for a more balanced evaluation of short and long term benefits. d. All of the above statements are true.