The choice of an inventory valuation method has little to no impact on gross profit and cost of sales.
Answer the following statement true (T) or false (F)
False
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The LIFO conformity rule allows a company to use FIFO for financial reporting and LIFO for income taxes
Indicate whether the statement is true or false
If a firm’s products are no longer properly aligned with changing market trends, the firm can ______.
A. sell its products to customers in another market who do value its products B. make new investments to upgrade its manufacturing facilities C. acquire new suppliers D. reorganize its product distribution processes
Regarding foreign investment
A. deals that result in the foreign investor's obtaining at least 10 percent of the shareholdings are classified as portfolio investments. B. it exists only due to the presence of exporting. C. the distinction between portfolio investments and direct investments has begun to blur. D. portfolio investment involves investors who participate in the management of the firm in addition to receiving a return on their money. E. it can be divided into three components: international trade, portfolio investment, and direct investment.
In dealing with the corporation, directors act in a fiduciary capacity
Indicate whether the statement is true or false