The substantial transformation test is used to determine:
a. the essential character of goods.
b. the actual use of goods.
c. the country of origin of goods.
d. the principal use of goods.
c
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The final step in the master budget process is preparation of the _________________________
Fill in the blank(s) with correct word
The specific identification method:
a. prices inventory by identifying the cost of each item in ending inventory. b. uses the average cost of the goods available for sale during the period. c. is based on the assumption that the costs of the first items acquired should be assigned to the first items sold. d. is based on the assumption that the costs of the last items acquired should be assigned to the first items sold.
Consumer products that offer truly new ideas that potential customers don't know about yet are new unsought products.
Answer the following statement true (T) or false (F)
Disadvantages of ETFs include all of the following except
A. investors incur a bid-ask spread when purchasing. B. investors must pay a broker fee when purchasing. C. prices are only quoted once each day. D. prices can depart from NAV at times.