This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A company may use absorption costing for external reporting and still choose to use throughput ... (Read 72 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Mar 6, 2021

Question 1

Which of the following inventory costing methods shown below is required by GAAP (Generally Accepted Accounting Principles) for external financial reporting?
◦ absorption costing
◦ variable costing
◦ throughput costing
◦ direct costing

Question 2

A company may use absorption costing for external reporting and still choose to use throughput costing for internal reports.
◦ true
◦ false
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Chelseaamend on Mar 6, 2021

flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Defying thousands of years of conventional wisdom, scientists are reporting that it is possible for Defying thousands of years of conventional wisdom, scientists are reporting that it is possible for
External nose, mouth, and neck. External nose, mouth, and neck.
The physician and medical assistant will often work together to choose appropriate educational ... The physician and medical assistant will often work together to choose appropriate educational ...
Flow chart for the diagnosis of hepatitis C. Hepatitis C reporting using the signal-tocutoff ratio. Flow chart for the diagnosis of hepatitis C. Hepatitis C reporting using the signal-tocutoff ratio.
Absorption Methods in the Small Intestine Absorption Methods in the Small Intestine
Absorption of light & photopigments Absorption of light & photopigments
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library