Which of the Following Statements Is(are)false

question 82

Multiple Choice

Which of the following statements is(are) false?
(A) All variances should be prorated to inventories and cost of goods sold at the end of the accounting period.
(B) If the number of units produced exceeds the number of units sold,the full-absorption operating profit will be lower than variable costing operating profit.

• A) Only A is false.
• B) Only B is false.
• C) Both A and B are false.
• D) Neither A nor B is false.

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Definitions:

Dividend

A corporation's distribution of earnings to its shareholders, commonly as a profit share.

Sustainable

The ability to maintain or improve certain processes or states indefinitely without exhausting resources or causing severe ecological damage.

Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company’s earnings to investors.

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a share in the company's profits via dividends.