A company uses a LIFO reserve because internal reporting
A) and GAAP reporting are not the same as tax reporting
B) and GAAP reporting are the same as tax reporting
C) is the same as GAAP reporting and tax reporting
D) is not the same as GAAP reporting and tax reporting
D
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A judgement regarding a person’s motives or personality as a perceived explanation for the cause of that person’s behavior is ______.
a. an attribution b. an assumption c. misplaced feedback d. a mistake
Souza Inc., which produces and sells a single product, has provided its contribution format income statement for October. Sales (4,000 units)$88,000Variable expenses 40,000Contribution margin 48,000Fixed expenses 41,700Net operating income$6,300If the company sells 3,500 units, its net operating income should be closest to:
A. $5,513 B. $300 C. -$4,700 D. $6,300
Print/published documents usually include an index unless the document is ______________
a. older than a year b. short c. overly complex d. written collaboratively
Answer the following statements true (T) or false (F)
It was in the 1940s that accounting policy-makers first responded to the lease accounting problem.