Assignment of contracts for services is generally not allowed, but delegation of contracts is more likely to be allowed
a. True
b. False
Indicate whether the statement is true or false
True
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A salesperson following the Core Principles of Professional Selling is helpful and honest with customers even if that means losing sales.
Answer the following statement true (T) or false (F)
The FIFO method of process costing will produce the same cost of goods transferred out amount as the weighted average method when
a. the goods produced are homogeneous. b. there is no beginning Work in Process Inventory. c. there is no ending Work in Process Inventory. d. beginning and ending Work in Process Inventories are each 50 percent complete.
U.s. gaap
a. permits firms to report cash flow from operations using the direct or indirect method. b. requires firms to report cash flow from operations using the direct method. c. requires firms to report cash flow from operations using the indirect method. d. permits firms to use the cash receipts and disbursements statement. e. permits firms to use the funds flow statement.
The formula to calculate free cash flow is ________
a. cash flow from operating activities + cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period b. cash flow from investing activities ? cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period ? cash used for dividends c. cash flow from financing activities ? cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period ? cash used for dividends d. cash flow from operating activities ? cash used to purchase fixed assets to maintain productive capacity used up in producing income during the period