The master schedule ______.
a. provides top management with an annual report
b. needs to conform to the corporate strategy of the organization
c. needs to be inspected by the government
d. sets the production quantities required to meet demand from every possible source in the organization
d. sets the production quantities required to meet demand from every possible source in the organization
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A direct financing lease differs from a sales-type lease in that
A) the direct financing lease does not have a dealer profit, although it could have a dealer loss. B) the direct financing lease provisions do not include a bargain purchase option. C) the sales-type lease does not have unearned interest income at the inception of the lease. D) the direct financing lease does not have a dealer profit or loss.
Some revenue and expense items never go on the tax return, but do go on the income statement
Indicate whether the statement is true or false
Normally closing entries are first entered in the general journal and then posted to the work sheet.
Answer the following statement true (T) or false (F)
Section 406 of the ______________ requires that companies that are publicly traded disclose whether or not they have a code of ethics.
a. Robinson-Patman b. Sherman Antitrust Act c. Foreign Corrupt Practices Act d. Sarbanes-Oxley Act