Which of the following statements regarding accounting for spoilage is False?
a. Losses from abnormal spoilage are period costs.
b. Losses that occur uniformity troughout the production process are called method of neglect.
c. A discrete loss occurs at a specific point in time.
d. Losses from normal spoilage are product costs.
b
You might also like to view...
Corporate earnings are subject to double taxation
Indicate whether the statement is true or false
The practice of "low balling" might work for a short period but not for the long term
Indicate whether the statement is true or false
Mark and Jack work as clerks at the New Bank of North America, which they plan to rob
In order to plan and execute the robbery, Mark and Jack obtained the floor plans of the bank and studied the security arrangements and movements of security personnel. They even got weapons, in case force is required, as they plan to rob the bank during working hours. But the police got information about the plan and arrested Mark and Jack, and thus prevented the robbery from taking place. Which of the following crimes has been committed by Mark and Jack? A) criminal conspiracy B) extortion C) money laundering D) larceny
________ is an internal method of recruitment in which notices of available jobs are displayed in central locations throughout an organization and employees are given a specified length of time to apply for the available jobs.
A. Campus recruiting B. Job posting and bidding C. Employee referral D. Job sharing