In a manufacturing company, an accountant's salary is a value-adding cost

Indicate whether the statement is true or false


False

Business

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How would outstanding checks be dealt with in a bank reconciliation?

a. deducted from bank statement balance b. deducted from company's book balance c. added to bank statement balance d. added to the company's book balance

Business

Because the retail trade tends to think of profitability in terms of product categories, some companies are switching to a category management organizational model

Indicate whether the statement is true or false

Business

Standards cannot be used for inventory valuation on financial statements

Indicate whether the statement is true or false

Business

Which of the following parties in the United States would be most likely to favor outsourcing?

A) a registered Democrat B) a union member C) a multinational corporation D) a manufacturing worker

Business