Work measurement aids in planning and scheduling work, as well as in determining the efficiency of work methods and procedures

A company reports in its financial statements that it uses the FIFO method of inventory costing. This is an example of the disclosure principle

Indicate whether the statement is true or false

Transnational corporations are defined as:

A. doing business in the state in which they are incorporated. B. doing business in the state of incorporation as well as neighboring states in the same country. C. parent entities that control assets of affiliated entities in foreign countries. D. entities formed between two or more parties only to import essential goods.