Nidek Manufactures Sport Swear

question 92

Short Answer

Nidek manufactures sport swear.Classify each of the following quality costs as prevention, appraisal, internal failure or external failure.
A)Internal failure
B)Prevention
C)Appraisal
D)External failure
-Reinspection

• A)Internal failure
• B)Prevention
• C)Appraisal
• D)External failure
• -Reinspection

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Definitions:

Unearned Rental Revenue

Income received from tenant payments before the rental period has occurred, recorded as a liability until earned through the passage of time.

Rent Revenue

Income generated from leasing out property or equipment to another party.

Direct Method

A way of presenting a cash flow statement where actual cash flows from operating activities are disclosed directly.

IFRS

International Financial Reporting Standards, a set of accounting rules and standards that dictate how financial statements should be reported and are recognized globally.