Under FASB 157, the valuation of Level 3 assets is labeled:

As long as the revenue of the last unit produced and sold is greater than the cost of the last unit produced and sold, what should a firm do?

a. reach its break-even point very shortly b. continue manufacturing c. continue using price equilibrium d. consider using sales maximization pricing

Under common law, the inclusion of additional terms in the acceptance of an offer is considered a counteroffer rather than an acceptance

Indicate whether the statement is true or false