Managerial accounting is used in manufacturing and merchandising companies, but not in service companies

A measure of how close the sample has come to the null hypothesis is called the ________

A) level of significance B) power of a test C) test statistic D) critical value E) incidence of difference

U.S. GAAP specifies that, in the context of inventories, market means replacement cost, except that market may not exceed net realizable value and may not be less than net realizable value reduced by a normal profit margin

Indicate whether the statement is true or false