If a Variance Is Considered to Be Random or Not

question 8

True/False

If a variance is considered to be random or not expected to recur the appropriate management action is to delete the variance from the accounting records.

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Definitions:

Market Products

Goods, services, or securities offered for sale or trade in a particular market segment.

Hedge

An investment made to reduce the risk of adverse price movements in an asset, typically by taking an offsetting position in a related security.

Japanese Yen

The official currency of Japan, commonly used in international financial transactions.

U.S. Dollar

The official currency of the United States, widely used as a benchmark and reserve currency around the world.