Which of the following inventories would a company ordinarily hold for sale?
A. Raw materials.
B. Work in process and finished goods.
C. Work in process.
D. Finished goods.
E. Raw materials and finished goods.
Answer: D
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A reduce-focus pricing strategy calls for price increases with the intent of reducing volumes and market share in exchange for higher margins
Indicate whether the statement is true or false
Which of the following is/are not true?
a. An employer must recognize changes in the funded status of a defined benefit retirement plan on its balance sheet each period. b. U.S. GAAP and IFRS do not require the employer to recognize changes in the funded status of a defined benefit retirement plan immediately in net income. c. Changes in the net funded status of a defined benefit retirement plan because investment performance differs from expectations, or because of changes in actuarial assumptions, or in the retirement benefit formula, initially affect net income. d. Firms amortize the amounts in Other Comprehensive Income over the expected period of benefit as an adjustment to retirement plan cost. e. all of the above
In reading the title of a case, Smith v. Jones:
a. Smith is the plaintiff. b. Jones is the plaintiff. c. the determination of who is the plaintiff depends on the level of the court at which the case is being heard. d. it is not always possible to determine from the case title which party is the plaintiff.
All products have some identification and are therefore potential brands.
a. True b. False