If a capital asset acquired August 5, 2015 is sold on February 6, 2016, any gain is a short-term capital gain

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Management accounting must observe both financial accounting standards and cost accounting standards if it is to be useful to the organization's management

Indicate whether the statement is true or false

Business

Answer the following statements true (T) or false (F)

With an accumulated benefit approach, the discount rate includes a general inflation factor.

Business

A manufacturer's total cost of making and finishing products in the period is called:

A. Ending work in process inventory. B. Cost of goods manufactured. C. Total manufacturing costs. D. Ending finished goods inventory. E. Cost of goods sold.

Business

The U.S. view is that before a facility is shut down management must obtain the approval of its employee union

Indicate whether the statement is true or false

Business