For most products undergoing a transformation in North America, the rule of origin will be based on:
A) its tariff classification
B) the source of the raw material used in the production of the product.
C) its point of origin.
D) the product's label.
A
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Two methods are available to prepare the operating activities section of a statement of cash flows. Which of the following statements regarding these two methods is false?
a. If a company uses the indirect method, it must separately disclose the cash payments made for interest and income taxes. b. If a company uses the direct method, it must present a separate schedule which reconciles net income to net cash from operating activities. c. Advocates of the direct method believe that the indirect method reveals too much by telling readers gross amounts of cash receipts and cash payments from operations. d. The FASB prefers the direct method, while most companies use the indirect method in practice.
Which of the following can serve as a subsidiary for the finished goods inventory?
A) completed job-order cost sheets B) incomplete job-order cost sheets C) work-in-process inventory D) raw material inventory E) All of these are subsidiaries for the finished goods inventory.
The rights protected by the First Amendment to the U.S. Constitution are absolute
Indicate whether the statement is true or false
What is the International Trade Union Confederation and what are its main objectives?
What will be an ideal response?