Officers who trade on inside information must return their profits to the corporation
Indicate whether the statement is true or false
True
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The LIFO conformity rule:
A. Is only applicable to the automotive industry. B. Requires that all companies in the same industry use the same accounting methods of inventory valuation. C. Requires a company to use one method of inventory valuation exclusively. D. Requires when LIFO is used for tax reporting, it is also used for financial reporting. E. Is also called the taxation principle.
Purchased goods in transit should be included in the ending inventory of the buyer if the goods were shipped FOB shipping point
Indicate whether the statement is true or false
Which of the following statements about the reliability of job analysis is true?
A. It is a measure of the practicality of the information collected. B. It is a sufficient condition for validity. C. It is a necessary condition for validity. D. It examines the convergence of results among sources of data and methods.
The variance in the project completion time is the sum of the variances of all activities in the project
a. True b. False Indicate whether the statement is true or false