In Bolivia you are expected to clean your plate while in the United States you do not clean your plate
Indicate whether the statement is true or false.
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The term "polycentric" describes management's belief or assumption that each country in which a company does business is the same as the home country business
Indicate whether the statement is true or false
Using the future value table, a student found that the future value amount of $1 for 5 years at an annual interest rate of 10% is 1.611 . The student also observed that the future value of $1 for 5 years at 10% compounded semiannually is 1.629 . This means that
a. the more often the compounding, the higher the future value. b. the student was looking in the wrong column; the second amount should be 1.611/2. c. there was an error in the table. d. when interest is compounded semiannually, more money must be deposited to have a desired ending balance.
Which one of the following is not an advantage of LIFO?
A) In periods of rising prices, less income tax is paid. B) In periods of rising prices, less holding gains are reported in net income. C) Record keeping and financial statement preparation are easier. D) Conservative income statements and balance sheet disclosures result from rising prices.
Analytical review of related expense accounts when auditing accounts payable would be used when control risk is assessed as low
a. True b. False Indicate whether the statement is true or false