Process costing typically uses only one Work in Process Inventory account, while job order costing typically uses a separate Work in Process Inventory account for each department.
Answer the following statement true (T) or false (F)
False
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The Environmental Impact Statement (EIS) is a procedural requirement for any action that might affect the environment.
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Answer the following statements true (T) or false (F)
1. Comment cards the easiest and cheapest form of data collection and allow for managers to analyze the data and fix service delivery service problems. 2. Like comment cards, call-in feedback does not produce enough feedback to be considered reliable. 3. When deciding which quality assessment method should be used, companies should consider who should collect and interpret the data. 4. Knowing what has failed not what has gone right is what is needed to reassess service.
A firm sold an investment in securities available for sale originally costing $30,000, for $28,000 . At the beginning of the year, the investment had a valuation allowance of $3,000, debit. What is the correct disclosure for these events in the statement of cash flows prepared under the direct method, assuming this is the only investment in securities available for sale?
a. $28,000 investing cash inflow; add $33,000 in the reconciliation of earnings and net operating cash flow b. $28,000 investing cash inflow; add $2,000 in the reconciliation of earnings and net operating cash inflow c. $28,000 investing cash inflow; add $5,000 in the reconciliation of earnings and net operating cash inflow d. Add $5,000 in the reconciliation of earnings and net operating cash flow.
Answer the following statements true (T) or false (F)
SFAS No. 35 is considered a landmark standard because it set accounting and reporting standards for a new entity, the pension plan, as separate and distinct from the sponsoring company.