A two to three page document outlining the company’s value proposition, customers, and milestones is referred to as a ______.
a. back of the napkin
b. business plan
c. business brief
d. feasibility study
c. business brief
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Which of the following is a reason for allocating service department costs and thereby motivating management?
a. provides for cost recovery b. provides relevant information in determining corporate-wide profits generated by alternative actions c. meets regulations in some pricing instances d. reflects usage of services on a fair and equitable basis
Net realizable value equals product sales revenue at split-off minus any costs necessary to prepare and dispose of the product
Indicate whether the statement is true or false
If a subsidiary is guilty of fraud the parent company is not guilty unless it knew of or participated in the fraud
Indicate whether the statement is true or false
Identify the accounts that would normally have balances in the credit column of a business's trial balance.
A. Revenues and liabilities. B. Dividends and liabilities. C. Liabilities and expenses. D. Assets and revenues. E. Revenues and expenses.