For a manufacturing company, which of the following is a period cost?
A) direct materials used
B) office rent
C) wages expense of factory workers
D) indirect materials used
B) office rent
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Pension expense is likely to be both more volatile and lower under IFRS than pension expense computed under U.S. GAAP.
Answer the following statement true (T) or false (F)
Employees and job applicants often have a poor idea of what benefits they have and what the market value of their benefits is.
Answer the following statement true (T) or false (F)
The operating cycle for a merchandiser that sells only for cash moves from:
A. Purchases of merchandise to inventory to accounts receivable to cash sales. B. Inventory to purchases of merchandise to cash sales. C. Accounts receivable to inventory to cash sales. D. Accounts receivable to purchases of merchandise to inventory to cash sales. E. Purchases of merchandise to inventory to cash sales.
Which of the following is an abstract word?
A) letter B) memorandum C) email D) report E) communication