Inventory costing methods place primary emphasis on assumptions about
A) flow of goods
B) flow of costs
C) flow of goods or costs depending on the method
D) flow of values
B
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Which statement below is not a reason for a corporation to buy back its own stock
a. resale to employees b. bonus to employees c. for supporting the market price of the stock d. to increase the shares outstanding
Most annual reports now include a report of management to the stockholders. In this report, which group has the primary responsibility for the preparation and integrity of the financial statements?
a. Management b. The company's CPAs c. The company's internal audit staff d. The audit committee of the company's board of directors
The total amount of simple interest calculated annually on a $6,000 note payable for 3 years at 11% is
a. $1,980 b. $2,205 c. $6,600 d. $7,980
A bill of lading is a request for payment for shipping charges
Indicate whether the statement is true or false