IFRS permits the presentation of plant assets at their fair market value because ________.
A) U. S. GAAP requires this presentation
B) fair market value may be more relevant
C) fair market value is easier to compute than book value
D) financial statements users are indifferent as to how plant assets are presented
B) fair market value may be more relevant
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Benefit Pillow Company projected sales of 79,000 units for the year at a unit sales price of $12.00. Actual sales for the year were 73,000 units at $14.00 per unit. Variable costs were budgeted at $4.00 per unit, and the actual variable cost was $5.00 per unit. Budgeted fixed costs totaled $375,000 while actual fixed costs amounted to $415,000. What is the flexible budget variance for operating income?
A) $209,000 unfavorable B) $33,000 favorable C) $33,000 unfavorable D) $73,000 favorable
Only large corporations benefit from capital investment analysis
Indicate whether the statement is true or false
Mary wants to know which of the Big 5 personality traits has been shown to best predict job performance in general. Which characteristic should she look for?
A. openness B. conscientiousness C. agreeableness D. neuroticism
The European Commission is the administrative and executive arm of the EU
Indicate whether the statement is true or false