Other comprehensive income for a reporting period include(s)
a. changes in the fair value of marketable equity securities available for sale.
b. changes in the fair value of derivatives used as cash flow hedges.
c. gains and losses related to retirement plans not yet recognized in measuring retirement benefits expense.
d. all of the above
e. none of the above
D
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If a machine is damaged during unpacking, the repairs are added to its cost.
Answer the following statement true (T) or false (F)
Partial productivity:
A. includes materials and labor but not overhead. B. is a ratio of the value of output to the value of all key inputs. C. focuses on an individual input. D. is the same thing as the production volume variance.
During periods of rising prices, LIFO produces the lowest net income
Indicate whether the statement is true or false
A check that bears a forged signature of the drawer or payee is nevertheless properly payable from the customer's account.
Answer the following statement true (T) or false (F)