If a fraudulent tax return is filed, the IRS may assess a deficiency at any time in the future

Development costs are best described as:

A) costs that are associated with individual products that do not vary with sales volume. B) expenses involved in bringing new products to the market. C) costs that must ultimately be covered by revenues from individual products, but are not associated with any one product. D) the per-unit costs of making the product or delivering the service.

A retail firm can be correctly placed in only one institutional classification

Indicate whether the statement is true or false