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 38 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
Thanks for the timely response, appreciate it

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an
Use an Automated External Defibrillator Use an Automated External Defibrillator
The four processes of pharmacokinetics: absorption, distribution, metabolism, and excretion. The four processes of pharmacokinetics: absorption, distribution, metabolism, and excretion.
Movement of a drug through the body (pharmacokinetics): absorption, distribution, metabolism, and ... Movement of a drug through the body (pharmacokinetics): absorption, distribution, metabolism, and ...
Absorption Methods in the Small Intestine Absorption Methods in the Small Intestine
Absorption spectra of chlorophylls a and b , β-carotene, and two phycobilins Absorption spectra of chlorophylls a and b , β-carotene, and two phycobilins
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library