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Fact Pattern 25-1
Craig applies for a job at Dispatch Transportation & Warehousing, Inc., for which he is well qualified. He passes a test to determine which applicants are eligible for hiring, but the employer discards the results, and Craig is rejected. Dispatch continues to seek applicants.
-Refer to Fact Pattern 25-1. To successfully defend itself against Craig's suit, Dispatch must show that
Standard Costing System
A cost accounting method that assigns expected costs to each unit of product to help managers control production costs.
Interim Financial Report
Financial statements that are issued for periods shorter than a fiscal year, typically quarterly, providing investors and others with an update on a company's financial health.
Gross Profit
The difference between revenue and the cost of goods sold, indicating the profitability of a company's core activities.
Revenue Test
An analysis or criterion used to determine whether a particular source of income qualifies as revenue for accounting or tax purposes.
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