Scienter means knowledge that a representation is false or that it was made without sufficient knowledge of the truth
Indicate whether the statement is true or false
TRUE
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The most commonly reported measure of a company's value is earnings per share.
Answer the following statement true (T) or false (F)
The agency gave a_________, to forbid the companies continuation of the misleading advertising
Fill in the blank(s) with correct word
Changing one or more of a product's characteristics is called:
A. product modification B. product repositioning C. product adjustment D. planned obsolescence E. product extension
Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Columbia CorporationIncome StatementFor the Month ended November 30Sales ($30 per unit)$1,200,000Variable expenses: Variable cost of goods sold 720,000Variable selling expense 160,000Total variable expenses 880,000Contribution margin 320,000Fixed expenses: Manufacturing 140,000Selling and administrative 35,000Total fixed expenses 175,000Net operating income$145,000 During November, 35,000 units were manufactured and 8,000 units were in beginning inventory. Variable production costs have remained constant on a per unit basis over the past several months. Under absorption costing, for November the company would report a:
A. $125,000 profit B. $125,000 loss C. $145,000 profit D. $120,000 profit