Which inventory cost flow assumption emphasizes the balance sheet as opposed to the income statement?
a. LIFO method
b. FIFO method
c. weighted-average method
d. acquisition cost
e. specific identification method
B
You might also like to view...
Activity-based costing (ABC):
A) should not be applied to non-manufacturing activities. B) should not be applied to service companies. C) can be applied to administrative activities. D) can only be used by manufacturing companies.
A marketing strategy that supports environmental stewardship, creating a differential benefit in the minds of consumers is called _____.
a. Green marketing b. Cause marketing c. Undercover marketing d. Relationship marketing.
In a(n) ________ economy, the cost to produce and buy products and services escalates as prices increase.
A. inflationary B. depressive C. expansionary D. deflationary E. recessionary
In which of the following ways does the United Nations Framework Convention on Climate Change distribute the burden of reducing emissions among different countries?
A. It requires industrialized nations to be more responsible in controlling greenhouse emissions. B. It requires developing countries to take the lead in modifying long-term emission trend. C. It requires developing countries to help other developing countries with financial and technological help. D. It requires countries of all economic strengths to provide equal efforts in curbing greenhouse emissions.