The Costing of Inventories at Standard Cost for External Financial

question 133

Multiple Choice

The costing of inventories at standard cost for external financial statement reporting purposes is

• A) not permitted.
• B) preferable to reporting at actual costs.
• C) in accordance with generally accepted accounting principles if significant differences exist between actual and standard costs.
• D) in accordance with generally accepted accounting principles if significant differences do not exist between actual and standard costs.

Explain why cells are considered the basic unit of life.

Identify the probable first type of cells on Earth and discuss their characteristics.

Understand the composition and functions of cellular structures such as actin filaments, intermediate filaments, and microtubules.

Describe the process and significance of endosymbiosis in the evolution of eukaryotic cells.