A complete CAFR includes combining financial statements to reflect nonmajor funds.
Answer the following statement true (T) or false (F)
True
A complete CAFR presents combining statements to reflect its nonmajor funds whenever a nonmajor column is used in one of the fund statements.
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Many marketers believe that the objective and task method of developing marketing communications budgets is the best method of budgeting
Indicate whether the statement is true or false
A visual printed message most often acts as what?
A) A replacement for text B) Supporting material in printed documents C) A guide to printed reports D) A replacement for interactive digital components E) A supplement to interactive digital components
On January 1, Imlay Company purchases manufacturing equipment costing $95,000 that is expected to have a five-year life and an estimated salvage value of $5,000. Imlay uses the straight-line depreciation method to allocate costs, and only prepares adjustments at year-end. The adjusting entry needed on December 31 of the first year is:
A. Debit Depreciation Expense, $18,000; credit Equipment, $18,000. B. Debit Depreciation Expense, $9,000; credit Accumulated Depreciation, $9,000. C. Debit Depreciation Expense, $90,000; credit Accumulated Depreciation, $90,000. D. Debit Depreciation Expense, $18,000; credit Accumulated Depreciation, $18,000. E. Debit Depreciation Expense, $9,000; credit Equipment, $9,000.
The direct labor rate variance is the difference between the standard hours allowed and the actual hours multiplied by the actual labor rate
Indicate whether the statement is true or false