There are three different valuation methods: actual, normal, and standard and they can be used with either job order costing or with process costing
Indicate whether the statement is true or false
true
You might also like to view...
Beck tells his mom that he is thinking of selling his vintage coupe to his neighbor, Sam, for $100. Beck's mom calls Sam and tells him about her conversation with Beck. Sam then calls Beck and tells him that he accepts his offer. Under these circumstances, ________.
A. the offer has been conditionally tendered B. the offer violates the UCC's rule against third-party interveners in quasi contracts C. the offer has not been communicated D. this is a contract
The fundamental asset underlying brand equity is ________, the value of customer relationships that the brand creates
A) the customer mix B) customer equity C) the product experience D) service variability E) the service encounter
Under the direct method of preparing a Statement of Cash Flows, the gain on the sale of land is not adjusted or reported as part of cash flows from operating activities
Indicate whether the statement is true or false
Scenario 3.4 The Consumer Financial Protection Bureau settled a claim with the Bank of America for deceiving customers and unfairly billing them for services such as credit monitoring and identity theft protection. Bank of America agreed to provide refunds to 2.9 million people and pay $45 million in fines for their illegal credit card practices. Their deceptive practices dated to 2000 where they had billed customers for products such as "Privacy Guard" or "Privacy Assist" without first obtaining authorization for the products. The $45 million in fines includes $25 million as a civil penalty that will be paid to the Office of the Comptroller of the Currency and $20 million to the Consumer Financial Protection Bureau. The Bureau also claims that Bank of America deceived about 1.4 million
customers into making about $268 million in payments by, among other things, improperly telling them the first 30 days of coverage were free or the benefits were greater than existed. ? Refer to Scenario 3.4. The Consumer Financial Protection Bureau is an example of a A. federal regulatory agency. B. state regulatory agency. C. self-regulatory group. D. trade organization group.