Which of the following is true regarding pension accounting and reporting for state and local governments?
A. The Statement of Changes in Fiduciary Net Position reports "additions" and "deductions," computed on the accrual basis.
B. When the General Fund makes a contribution to a pension trust fund, the account "Expenditures" is debited.
C. Both of the above.
D. Neither of the above.
Answer: C
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TDZ Manufacturing wants to change its distribution system from an indirect channel to a direct channel system. Which of the following should the company use to achieve this?
A) cash-and-carry wholesalers B) retailers C) full-function wholesalers D) traveling sales representatives E) dealers
The statement of cash flows
a. along with the balance sheet and income statement is prepared on the accrual basis. b. along with the balance sheet and statement of retained earnings is dated as of a specific year end date. c. along with the balance sheet is used to analyze liquidity. d. ties the balance sheet to the statement of retained earnings.
Store location planners conducting a site evaluation would consider all of the following EXCEPT which one?
A) local zoning laws B) the impact of color on customer behavior C) traffic flow D) visibility from the street E) ease of delivery access
The relevant activity base for a cost depends upon which base is most closely associated with the cost and the decision-making needs of management
Indicate whether the statement is true or false