An adjustment in the pro forma statement may be necessary for ________ expenses in line with known changes to these expenses that may not correspond directly with sales or production
A) cash
B) credit
C) selling, general, and administrative
D) cash and credit
Answer: C
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Otto-Light is a desk light that lets hobbyists match colour swatches accurately without going outside. It's like convenient, natural sunlight inside. The lights have high marketing costs, are sold with high dealer margins, and have high production costs. Ads for the product aim at educating craftspeople who work with fabrics and paints about the benefits of the Otto-Light. In which stage of the product life cycle is the light?
a. saturation b. decline c. growth d. introductory
Which of the following statements is true about appellate courts?
A) Appellate courts cannot reverse a finding of fact made by the jury. B) Appellate courts cannot reverse a finding of fact made by the judge. C) Appellate courts permit brief oral arguments between attorneys. D) An appellate court cannot reverse a decision of a lower court.