Cost of goods manufactured appears on the income statement of a manufacturing company in a similar manner as purchases appear on the income statement of a merchandising company
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
1.As international trade proceeds, a country will produce more of its import- competing product 2.A country with high wages can export to a country with low wages, given sufficiently high labor productivity in the exporting country. 3.In his empirical test of the principle of comparative advantage, G. MacDougall found that relatively high export ratios are associated with relatively high labor productivity. 4.Critics maintain that outsourcing by American businesses results in jobs moving to low-wage countries, to the disadvantage of American workers 5.In justifying its production outsourcing strategy, Apple Inc. notes that American workers lack the speed and flexibility the firm needs to produce products such as Ipods and Ipads
Which of the following is not true about a 35 percent stock dividend?
A) The market value of the stock is needed to record the stock dividend. B) Retained earnings decreases. C) Contributed capital increases. D) Par value per share remains the same.
Which of the following is TRUE of Walmart?
a. It is the largest private user of electricity. b. It is the largest private polluter in the world. c. Its continued disinterest in sustainability has damaged consumer relations. d. It has focused on short-term sustainability goals, not long-term goals.
3BL data are not comparable across companies; an alternative is
A. a Greenpeace reporting matrix. B. the Environmental and Social Index (ESI). C. the Global Reporting Initiative (GRI). D. an FASB approach.