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Although a firm may use different inventory valuation methods, generally accepted accounting principles (GAAP) states that these methods must produce the same dollar value for the cost of goods sold. (Points : 2) True False
Although a firm may use different inventory valuation methods, generally accepted accounting principles (GAAP) states that these methods must produce the same dollar value for the cost of goods sold. FALSE.
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Asked 1/6/2013 11:03:26 PM
Updated 1/26/2017 10:06:00 PM
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Although a firm may use different inventory valuation methods, generally accepted accounting principles (GAAP) states that these methods must produce the same dollar value for the cost of goods sold. FALSE.
Added 1/26/2017 10:06:00 PM
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Defin Home Management?
Weegy: In economics, demand is the desire to own anything, the ability to pay for it, and the willingness to pay during a specific period. Basically Demand refers to how much (quantity) of a product or service is desired by buyers. [ The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship ] (More)
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Home management is the process of effectively running a household.
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Accounting provides financial information that can be useful to owners, creditors, suppliers, employees, and competitors of an organization. (Points : 2) True False
Question
Updated 1/19/2017 12:29:39 AM
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Accounting provides financial information that can be useful to owners, creditors, suppliers, employees, and competitors of an organization. True.
Added 1/19/2017 12:29:39 AM
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Confirmed by jeifunk [1/19/2017 1:39:31 AM]
To be effective, an internal auditor must be critical of any improprieties or deficiencies found in the financial activities of the firm. True False
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Updated 1/26/2017 10:09:50 PM
1 Answer/Comment
To be effective, an internal auditor must be critical of any improprieties or deficiencies found in the financial activities of the firm. TRUE.
Added 1/26/2017 10:09:50 PM
This answer has been confirmed as correct and helpful.
_______ refers to the value that stockholders or owners have in a company. (Points : 3) Assets. Liabilities. Owners' equity. Contra receivables
Weegy: Owners' Equity refers to the value that stockholders or owners have in a company. (More)
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Updated 8/7/2014 3:24:22 PM
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Accountants record, classify, and ____________ the results of the financial information they gather. (Points : 3) interpret sell buy change
Weegy: Accountants record, classify, and interpret the results of the financial information they gather. (More)
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Updated 1/18/2014 7:29:06 AM
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