Which of the following are needed to determine the amount of fixed assets required to support each dollar of sales?
I. current amount of fixed assets
II. current sales
III. current level of operating capacity
IV. projected growth rate of sales
A. I and III only
B. II and IV only
C. I, II, and III only
D. II, III, and IV only
E. I, II, III, and IV
Ans: C. I, II, and III only
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Why does German accounting practice differ from IFRS?
A. German accounting rules are much more specific in most areas than IFRS. B. German accounting law is less specific in some respects than IFRS. C. Germany has not adopted a policy on accounting standard harmonization. D. Germany is not interested in foreign direct investment.
The first question in a questionnaire should be intentionally difficult and complicated in order to weed out uninterested respondents
Indicate whether the statement is true or false