Organizational resources and government regulations are two of the many factors that must be considered when developing and maintaining reward programs.
Answer the following statement true (T) or false (F)
True
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The current maturity of long-term debt is a current liability
a. True b. False Indicate whether the statement is true or false
In a standard cost system,when the materials price variance is recorded at the time the material is purchased, the materials purchase price variance is obtained by multiplying the:
a. Actual price by the difference between actual quantity purchased and standard quantity used. b. Actual quantity purchased by the difference between actual price and standard price. c. Standard price by the difference between standard quantity purchased and standard quantity used. d. Standard quantity purchased by the difference between actual price and standard price.
Happy Trails, Inc. manufactures railway coaches and uses the FIFO method of process costing to record costs. The Work-in-Process Inventory of the Heating Department on October 1 was 74% complete for materials and 23% complete for conversion costs. On October 31, its ending Work-in-Process Inventory was 84% complete for materials and 41% complete for conversion costs. This means that for the ending inventory, ________% of the materials and ________% of the conversion costs were added during October.
A) 74; 41 B) 26; 23 C) 84; 41 D) 41; 84
In both U.S. GAAP and IFRS, hedge accounting is elective; firms need not designate any derivatives as accounting hedges, regardless of the degree to which the derivatives mitigate the volatility of outcomes of other arrangements
Indicate whether the statement is true or false