A ________ can be defined as the total profits in an industry at all points along the industry value chain.
A. profit pool
B. revenue enhancer
C. profit outsourcing
D. profit maximizer
Answer: A
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Oakland Corp purchased land and a building for a combined cost of $500,000 . Oakland must
a. record the $500,000 acquisition cost in an account called Land and Buildings. b. depreciate the $500,000 acquisition cost, less any residual value, over the expected useful life of the building. c. because part of the purchase involved land, record all of the cost in the Land account. d. allocate the $500,000 acquisition cost to separate Land and Buildings accounts based on their respective fair market values.
Rules applicable to accounting information created and prepared for management use are the same as those for information reported to the general public
Indicate whether the statement is true or false
Does the existence of conglomerates make financial performance evaluation easier or more difficult? Why?
Discuss why the effective business communicator should vary sentence and paragraph length