The classification issue involves the assignment of accounts to business transactions
Indicate whether the statement is true or false
T
You might also like to view...
If a consent agreement cannot be reached with a company, the Federal Trade Commission (FTC) would then issue a(n):
A) cease and desist order B) corrective advertising directive C) appeal to the Court of Appeals D) administrative complaint
When analyzing short-term business decisions, what are two important factors?
A) focus on costs that do not change under two alternatives and on historic costs B) focus on qualitative data only and ignore future cash flows C) focus on sunk costs and quantitative data D) focus on relevant costs and use the contribution margin approach
Plant assets used in conjunction with a natural resource typically are depreciated
A) using income tax depreciation. B) using an accelerated depreciation method. C) on the same basis as depletion is computed. D) on a straight-line basis.
Which of the following statements is correct concerning variable and fixed costs?
A) Both costs are constant when considered on a per unit basis. B) Variable costs vary in total and fixed costs are constant on a per unit basis. C) Fixed costs are constant in total and variable costs are constant on a per unit basis. D) Variable costs are constant in total and fixed costs are constant on a per unit basis.