The faster an investment recoups it initial costs is an argument to make the investment according to the payback method of selecting investments.?
Answer the following statement true (T) or false (F)
True
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Answer the following statements true (T) or false (F)
In SFAS No. 87, the asset-liability orientation is evident in both the expense measurement and the balance sheet recognition of unfunded pension benefits.
Obie accuses Portia, a broker with QT Financial Services, of fraudulently inducing him to invest in Risky Development Company, whose stock price declines in value. The reliance that gives rise to liability for fraud requires
a. a subjective statement. b. misrepresentation of a fact knowing that it is false. c. puffery. d. seller's talk.
Interest is deducted from the credit extended at the beginning of the loan under the
A) simple interest method. B) add-on interest method. C) discount interest method. D) Rule of 78.
Details of the manufacturing activity in Amy Corporation's Assembly Department for the month of December is given below: Number of UnitsLabor and Overhead Percent CompleteWork in process inventory, Dec. 110,00070%Started in assembly during the month80,000 Work in process inventory, Dec. 3115,00040% All materials are added at the beginning of processing in the Assembly Department. The equivalent units for labor and overhead for the month, using the FIFO method, is:
A. 90,000 B. 74,000 C. 80,000 D. 70,000