The finder of lost property is entitled to possession of it, even against the true owner
a. True
b. False
Indicate whether the statement is true or false
False
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Management's choice to use LIFO or FIFO can make a financial analyst's efforts to compare companies difficult. The financial analyst's job is made easier because of the
A) requirement that the financial statements and tax return must use the same inventory valuation methodology B) fact that most companies in an industry use the specific identification method C) use of the weighted average method D) disclosure of the LIFO reserve
In a perpetual inventory system, the inventory accounts reflect ending balances
Indicate whether the statement is true or false
Deciding whether to ________ to a customer in an adjustment message is a debatable issue. Some attorneys discourage doing so, but many customers appreciate it
Fill in the blank(s) with correct word
Which of the following types of compensation is a per-unit payout paid on sales beyond the salesperson's quota?
A. base salary B. commission C. bonus D. fixed rate E. piece-rate