________ Is Used for External Reporting

question 93

Multiple Choice

________ is used for external reporting.

• A)Absorption costing
• B)Variable costing
• C)Direct costing
• D)Activity-based costing

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Definitions:

Kansas-Nebraska Act

Legislation passed in 1854 that created the territories of Kansas and Nebraska, opening new lands for settlement and allowing the settlers to decide whether to allow slavery, leading to a violent period known as "Bleeding Kansas."

Republican Party

One of the two major contemporary political parties in the United States, traditionally advocating for conservatism, free market policies, and limited government intervention.

Slavery Expansion

The 19th-century movement and political conflict in the United States over whether new territories should permit slavery, leading up to the Civil War.

James Buchanan

The 15th President of the United States (1857-1861), whose presidency is often criticized for his inability to prevent the country from descending into the Civil War.