Accounts reported on the balance sheet that are carried forward from year to year are known as permanent accounts.
a. True
b. False
Indicate whether the statement is true or false
Question 2
A well-designed, activity-based cost system helps managers make better decisions because information derived from an ABC analysis ________.
A) can be used to eliminate nonvalue-added activities
B) is easy to analyze and interpret
C) takes the choices and judgment challenges away from the managers
D) emphasizes how managers can achieve higher sales
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