Which of the following statements about dual pricing is false?
a. Dual pricing will prevent managers from having the most relevant information for decision making and performance evaluation.
b. Dual pricing arrangements allows a seller and a buyer to record the same transactions using different prices.
c. Dual pricing eliminates the problem of having to artificially divide the profits between the selling and buying segments.
d. Dual pricing makes it necessary to prepare an internal reconciliation to adjust revenues and cost when external financial statements are prepared.
a
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Accumulated depreciation is shown on the balance sheet as a subtraction from the cost of its related asset.
Answer the following statement true (T) or false (F)
A company's property records revealed the following information about its plant assets: Machine No.CostSalvage ValuePurchase DateEstimated LifeDepreciation Method1$42,000$3,00010/13 yearsStraight-line286,0008,6007/015 yearsDouble-declining balanceCalculate the depreciation expense for each machine in Year 1 and Year 2 for the year ended December 31.Machine 1:Year 1________Year 2 ________Machine 2:Year 1 ________Year 2 ________
What will be an ideal response?
Which of the following is the best example of the source of a delayed flight caused by procedures?
a. Cutoff too close to departure time b. Late cabin crews c. Late cabin cleaners d. Weather e. Oversize baggage
Often, any unreasonable claim will be adjusted to the customer's satisfaction
Indicate whether the statement is true or false