For a minority active investment, the investor company should disclose its accounting policies with respect to the equity method of investments
Indicate whether the statement is true or false
True
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Roki Inc uses the periodic inventory system. June 1 On hand, 50 units @ $15.00 each $ 750.00 5 Purchased 115 units @ $15.10 each 1,736.50 14 Purchased 75 units @ $15.20 each 1,140.00 Total cost of goods available for sale $3,626.50 30 On hand, 90 units If Roki uses the LIFO inventory method, the cost of goods sold for June would be
a. $2,200.00 b. $2,272.50 c. $2,296.08 d. $1,354.00
Which of the following is true for creating readable lists?
A) Long sentences should be used to increase the likelihood that readers will find the key points B) Use one-sentence paragraphs for emphasis C) Skimming is more difficult with bulleted lists D) Introductions are avoided as lists enable skimming E) Using parallelism makes it easier for readers to skim through lists
Which of the following is/are not true?
a. Net income or profit for a period is the difference between revenues from selling goods and services and the expenses incurred to generate those revenues, plus some gains or losses of the period. b. If the expenses plus losses exceed the revenues plus gains, the result is a net loss. c. U.S. GAAP and IFRS require the accrual basis of accounting, which detaches the recognition of revenue from the receipt of cash. d. A seller recognizes revenues when it has performed all, or nearly all, of its obligations to the customer and when it has received cash or an asset that is convertible to cash. e. The firm recognizes and reports expenses that have a causal link with revenues, such as cost of sales, in the next accounting period.
Ads on the sides of delivery trucks, ads on the fence around a baseball field, and ads that you see on interstate billboards are all examples of ________ media
A) out-of-home B) place-based C) branded entertainment D) banner E) pop-up