A(n) ________ is a subsidiary company that in turn owns other subsidiaries
A. agency
B. representative office
C. branch
D. holding company
D
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Assume the direct method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Decrease in Inventory-indicate the effect on cash payments for purchases by choosing one of the following:
A) Add to Cost of Goods Sold to compute cash payments for purchases. B) Subtract from Cost of Goods Sold to compute cash payments for purchases. C) Not used to adjust Cost of Goods Sold to compute cash payments for purchases.
A factor having a "cause and effect" relationship with a cost object is called a(n):
A. cost driver B. direct cost C. allocation base D. indirect cost
In an encouraging climate for corporate entrepreneurship, rewards should be based on the attainment of established performance goals.
Answer the following statement true (T) or false (F)
How does the following journal entry affect a company's financial statements?Transportation-out400 Cash 400
A. An increase in operating expenses shown on the income statement B. An increase in the amount of cost of goods sold shown on the income statement C. A decrease in gross margin shown on the income statement D. An increase in inventory shown on the balance sheet