Which of the following bodies did not publish one of the important committee reports and documents that lead to accounting objectives and standards?

a. AAA
b. AICPA
c. APB
d. CAP


ANSWER: D

Business

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a. volume b. area c. length d. weight

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A good example of a service poka-yoke is a surgeon whose surgical instrument trays have indentations for each instrument

Indicate whether the statement is true or false

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A basic benefits package that is typically offered to employees usually includes life and health insurance, sick leave, and vacation.

Answer the following statement true (T) or false (F)

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The first-in, first-out (FIFO) method creates better month-to-month cost comparisons than the weighted-average method ________

A) because it does not recognize transferred in units from other processes B) when there are substantial quantities of units in process at the end of the period C) because it merges costs from the prior period with the current period D) because it is used by industries that do not experience significant cost changes

Business