A contingency was evaluated at year-end and considered to have a remote possibility of becoming an actual liability
If this is not reported on the balance sheet or in the notes to the financial statements, it could be considered a violation of generally accepted accounting principles.
Indicate whether the statement is true or false
FALSE
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The variable cost per unit increases in direct proportion to the activity base.
Answer the following statement true (T) or false (F)
A standardized corporate visual identity, which reduces cost,
A. is the same logo and visual representation in all markets. B. results in trademark infringements in many smaller markets. C. ignores the needs of developing markets. D. is a way of conducting external assessment that is consistent is all firm operations.
Which of the following is not part of the sales activity in the flow of manufacturing activities?
A. Cost of Goods Sold. B. Total Finished Goods available for sale. C. Cost of Goods Manufactured. D. Ending Work in Process Inventory. E. Beginning Finished Goods Inventory.
A ________ is a professional that poses as a customer to assess customer service performance.
What will be an ideal response?