Which of the following statements is not true of performance reports?
A) Performance reports should be tailored to the responsibilities of the manager or department for which they are prepared.
B) Performance reports normally report standard costs and variances.
C) Performance reports should contain space for explanation of variances.
D) Performance reports do not present the causes of variances.
D
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Suffolk Corporation issued $100,000 of 20-year, 6 percent bonds at 98 on one of its semi-annual interest dates. The straight-line method of amortization is to be used. After seven years, what is the carrying value of the bonds?
a. $98,350 b. $98,700 c. $99,300 d. $99,650
_________exists when one vulnerable party is convinced to enter into a contract by someone who because of his or her relationship as trusted individual deprives the party of freedom of will in making a contract
Fill in the blank(s) with correct word
List three pros of an assumable loan
What will be an ideal response?
Cash register schemes are a form of:
A) employee embezzlement. B) bribe. C) fraudulent financial reporting. D) management fraud.