In the GASB reporting model, extraordinary items and special items must be reported as separate line items below General Revenues in the statement of activities to distinguish these nonrecurring items from normal recurring general revenues.
Answer the following statement true (T) or false (F)
True
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Which statement is true about automation of American factories?
a. Automation has led to an increase in the number of factory jobs available. b. Automation has allowed American industries to produce more with fewer workers. c. The cost of using robots and automation in factories is steadily rising. d. Automation of factories has not benefited American workers.
The term "prime cost" refers to:
a. The sum of direct labor costs and all factory overhead costs. b. The sum of direct material costs and direct labor costs. c. All costs associated with manufacturing other than direct labor costs and direct material costs. d. Manufacturing costs incurred to produce units of output.
Was it (she, her) who answered the phone?
What will be an ideal response?
A business form devised to avoid the burdens of corporate regulation, particularly the formerly widespread prohibition denying corporations the power to own and deal in real estate, and used primarily for asset securitization ventures is the:
a. limited liability limited partnership. b. limited partnership. c. limited liability company. d. business trust.