When accounting for a fair value hedge of a recognized asset or liability, at the end of each period, the firm remeasures the hedged asset or liability to fair value and includes the resulting gain or loss in net income, and the derivative instrument (hedging instrument) to fair value and includes the resulting loss or gain in net income
Indicate whether the statement is true or false
T
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It is advisable to build strategic partnerships with large accounts exclusively because of greater economies of scale.
Answer the following statement true (T) or false (F)
Which item below is not a shareholder right?
A) Right to vote B) Preemptive right C) Right to share earnings or asset distributions D) Redemption right
Under LIFO, the most recent costs are assigned to ending inventory.
Answer the following statement true (T) or false (F)
Each of Boggart's production managers (annual salary cost, $45,000) can oversee 60,000 machine hours of manufacturing activity. Thus, if the company has 50,000 hours of manufacturing activity, one manager is needed; for 75,000 hours, two managers are needed; for 125,000 hours, three managers are needed; and so forth. Boggart's salary cost can best be described as a:
A. fixed cost. B. variable cost. C. step-variable cost. D. step-fixed cost. E. semivariable cost.