Officers who trade on inside information must return their profits to the corporation

Indicate whether the statement is true or false


True

Business

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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.

Business

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

Business

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.

Business

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

Business