Which one of the following statements is true?
A) If a plant asset is self-constructed for less than it would cost to purchase, a profit should be recorded upon the completion of the construction.
B) When property, plant, or equipment is acquired through donation, no entry is recorded.
C) Development stage enterprises need not report losses before sales are made.
D) Interest cannot be capitalized if a loan is taken when an asset is substantially complete and ready for its intended use.
D
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The acquisition cycle begins with the receipt of goods and services and ends with their payment as reflected in cash disbursements
a. True b. False Indicate whether the statement is true or false
Which of the following is used to calculate the number of units to account for under the first-in, first-out (FIFO) method of inventory valuation of process costing? This is the second department in a company using process costing.
A) To account for = Beginning balance + Started and completed + In process B) To account for = Beginning balance + Amount transferred in C) To account for = Beginning balance + In process D) To account for = Beginning balance + Started and completed
Which of the following statements is most likely true about direct and digital marketing?
A) They are used to sell goods to an undifferentiated market segment. B) They are inconvenient and lengthen the process for most buyers. C) They remain unaffected by the rapid growth of technologies. D) They build customer engagement and constitute a complete model for doing business. E) They are rarely used by companies as supplementary channels.
Capacity decisions in the short term are referred to as ______.
A. capacity requirements B. capacity planning C. capacity assessment D. capacity control