A usage of trade is a practice or method of dealing, regularly observed and followed in a place, vocation, or trade
Indicate whether the statement is true or false
True
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Nonprofit corporations:
A. are formed and operated by public entities. B. do not permit officers and employees to receive salaries. C. have the power to tax. D. are similar to nontaxing governmental corporations.
A partner in a landscaping business can bind the partnership to a contract for purchasing furniture and clothing
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Depreciation cost of a controller's computer calculated using the straight-line method is an example of a variable cost
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Because accountants have financial expertise, they are the only ones that are able to set standard costs for the production area
Indicate whether the statement is true or false