In recent years, the trend among U.S. firms is to outsource the "production" of certain service activities to developing nations where labor costs are lower
Indicate whether the statement is true or false.
TRUE
In recent years, the trend among U.S. firms is to outsource the "production" of certain service activities to developing nations where labor costs are lower (e.g., the trend among many U.S. companies to outsource customer care services to places such as India, where English is widely spoken and labor costs are much lower).
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Rubin Installations Company uses the direct method to prepare its statement of cash flows
Rubin has reported cost of goods sold of $95,000 on its income statement for 2017. If the balance in the Merchandise Inventory account decreased by $6,000 during the year, then $6,000 needs to be added to $95,000 to calculate payments to suppliers for inventory purchases. Indicate whether the statement is true or false
A consignee is a person to whom a common carrier makes a delivery
Indicate whether the statement is true or false