Which Accounting Method Is Used for External Reporting

question 21

Multiple Choice

Which accounting method is used for external reporting?

• A)absorption costing
• B)variable costing
• C)transfer price costing
• D)responsibility costing

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Definitions:

Color Deficient

A visual condition where an individual has difficulty distinguishing between certain colors, commonly referred to as color blindness.

Legally Blind

A defined level of visual impairment in which an individual has a corrected visual acuity of 20/200 or less in the better eye or a visual field that is 20 degrees or less.

Visual Acuity

Visual Acuity is a measure of the clarity or sharpness of a person's vision, often assessed by their ability to recognize letters or numbers at a standardized distance.