Which of the Following Statements Is False

question 67

Multiple Choice

Which of the following statements is false?

• A) Standard costs are used for product costing.
• B) Standard costs provide a benchmark against which actual costs can be compared.
• C) Standard costs are actual costs.
• D) Standard costs are used for control.

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Definitions:

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares.

Corporate Ownership

Refers to the ownership of shares in a corporation, determining the distribution of control and benefits among shareholders.

Dividends

Payments made by a corporation to its shareholders, often derived from profits.

Bring Suit

To initiate a legal action against someone in a court of law.