Variable costing is the only acceptable basis for both external reporting and tax reporting.
Answer the following statement true (T) or false (F)
False
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Audit sampling is not used for which type of audit evidence?
A. Confirmation. B. Inquiry. C. Reperformance. D. Inspection of tangible assets.
Give two examples of facilitating services
What will be an ideal response?
Which of the following choices correctly depicts a cost that arises from a batch-level activity and one that arises from a facility-level activity? Batch-Level ActivityFacility-Level ActivityA.Direct materialsPlant depreciationB.InspectionProperty taxesC.Quality assuranceShippingD.Plant maintenanceInsuranceE.Management salariesMaterial handling
A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E
The Restatement (Second) of Torts Sect. 402A describes:
a. limited liability b. liability for negligence by manufacturers c. contractual liability d. express warranty of safety e. none of the other choices