If there are customer orders, the projected available is based on:
A) forecast demand.
B) the opinion of the planner.
C) the greater of forecast demand and customer orders.
D) customer orders.
C
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When are revenues and expenses recognized in the same accounting period that cash receipts and payments occur?
a. Under the cash basis of accounting b. Under the accrual basis of accounting c. Under the adjusting method of accounting d. Under both the cash and accrual bases of accounting
Which of the following statements is true?
A) Application of LIFO for financial reporting purposes must follow the tax laws applicable to LIFO. B) A company must use FIFO for both tax reporting and financial statement reporting. C) A company may use FIFO to valuate inventory and LIFO for financial statement reporting purposes. D) LIFO must be used for financial reporting if it is used for tax purposes.
The most popular use of focus groups is for ________ research, a basic understanding of how customers use the product or service in question
A) exploratory B) clinical C) phenomenological D) descriptive
SFAS No. 52 adopted:
a. a U.S. dollar orientation to accounting for foreign currency operations. b. a functional currency orientation to accounting for foreign currency operations. c. a foreign currency orientation to accounting for foreign currency operations. d. none of the above.