Net realizable value equals product sales revenue at split-off plus any costs necessary to prepare and dispose of the product
Indicate whether the statement is true or false
F
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In keep-or-drop decisions, both the segment's contribution margin and its segment margin are useful in evaluating the performance of the segment
Indicate whether the statement is true or false
All of the following are leading to shortened product life cycles except?
a. Decreased competition b. Changing tastes c. Cheaper materials d. Technology changes
Donald Tramp declares bankruptcy. He has significant arrears of spousal and child support. He also owes $500 in parking tickets. It is his first bankruptcy. After nine months, he applies for a discharge. Which of the following is TRUE?
A) A discharge is not available to a natural person. B) If a discharge is granted, it will not release his spousal and child support obligations C) A discharge is usually automatic for first time bankrupts D) The discharge will not release him from amounts owed for parking tickets E) B, C and D
The concept of permanent current assets reflects the fact that some components of current assets do not shrink to zero even when a business is at its seasonal or cyclical low. Thus, permanent current assets represent a minimum level of current assets that must be financed.
Answer the following statement true (T) or false (F)