Matching can occur directly (like cost of goods sold), indirectly (like plant assets), or immediately when no future benefits from the cost are expected
a. True
b. False
Indicate whether the statement is true or false
True
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The _____ of a stock reflects stockholders’ confidence.
A. par value B. book value C. earnings per share D. price/earnings ratio E. dividend yield
A market skimming strategy can be used in conjunction with _____
a. administered pricing b. market pricing c. price wars d. elastic demand
A company had revenues of $61,500 and expenses of $47,000 for the accounting period. Dividends of $6750Â were paid in cash during the same period. Which of the following entries could not be a closing entry?
A. Debit Income Summary $14,500; credit Retained earnings $14,500. B. Debit Revenues $61,500; credit Income Summary $61,500. C. Debit Retained earnings $6750, credit Dividends $6750. D. Debit Income Summary $47,000, credit Expenses $47,000. E. Debit Income Summary $61,500; credit Revenues $61,500.
Quality review methods include
A) expert reviews. B) process reviews. C) management reviews. D) all of the above.