Which of the Following Typically Involves the Use of Non-GAAP

question 28

Multiple Choice

Which of the following typically involves the use of non-GAAP accounting?

• A) Strategic matching
• B) A change in accounting estimate that is fully disclosed
• C) Proforma earnings
• D) A change in accounting principle that is fully disclosed

Understand the legal significance of nominal consideration and its role in contract law.

Assess the legal enforceability of promises in employment contracts and gift promises.

Recognize when consideration is not required for a contract to be legally binding.

Understand the basic concepts and roles of signal transduction pathways in cellular communication.

---

Definitions:

Contribution Margin

The amount of revenue remaining after deducting variable costs, which contributes to covering fixed costs and generating profit.

Absorption Costing

A method of cost accounting that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Cost Behavior

The way in which a cost reacts or changes when there is a change in the level of business activity.

Variable Costing Format

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.