For external-reporting purposes, generally accepted accounting principles require that net income be based on variable costing.
Answer the following statement true (T) or false (F)
False
GAAP does not require that net income be based on variable costing for external-reporting.
Business
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Controls in the information technology area are classified into preventive, detective, and corrective categories. Which of the following is preventive control?
A. Hash total. B. Contingency planning. C. Echo check. D. Access control software.
Business
Describe how to compute the cost of goods available for sale
Business
Hard-copy letters are generally reserved for key, ______________ communication
a. internal b. fairly formal c. press-directed d. government-directed
Business
The sales forecast depends on factors both internal and external to the firm
Indicate whether the statement is true or false.
Business