The primary difference between a fixed budget and a flexible budget is that a fixed budget
A) cannot be changed after the period begins, whereas flexible budget can be changed after the period begins.
B) is concerned only with future acquisitions of fixed assets, whereas a flexible budget is concerned with expenses that vary with sales.
C) includes only fixed costs, whereas a flexible budget includes only variable costs.
D) is a plan for a single level of production, whereas a flexible budget can be converted to any level of production.
D
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Which of the following is TRUE of a liquidation of a partnership?
A) It allocates the gain or loss on sale of assets to the partners' capital accounts based on the profit-and- loss-sharing ratio. B) The remaining cash after paying all liabilities are paid to the partners based on their profit-and-loss- sharing agreement. C) Before a business is liquidated, its books should not be adjusted or closed. D) It involves the selling of short-term liquid assets and does not involve the sale of fixed assets.
Nervousness is a normal component of giving sales presentations, and there is nothing that can be done to reduce it.
Answer the following statement true (T) or false (F)
Earnings per share amounts are only required to be presented for income from continuing operations and net income on the face of the statement
Indicate whether the statement is true or false
The viewer of an OLAP report can change its format. Which term implies this capability?
A. online B. processing C. alteration D. analytical E. dimension