Author Question: In a period of rising sales, utilizing past cost and expense ratios (percent-of-sales method) when ... (Read 126 times)

jace · **on:** Jul 10, 2018

In a period of rising sales, utilizing past cost and expense ratios (percent-of-sales method) when preparing pro forma financial statements will tend to ________.

A) overstate costs and overstate profits
B) overstate costs and understate profits
C) understate costs and overstate profits
D) understate costs and understate profits

Question 2

Investor complaints against brokers are primarily handled through

A)

binding arbitration.
B)

the federal court system.
C)

the state court system.
D)

the Federal Reserve system.