APB Opinion No. 28 indicates that

A. All companies that issue an annual report should issue interim financial reports.
B. The discrete view is the most appropriate approach to take in preparing interim financial reports.
C. The three basic financial statements should be presented each time an interim period is reported upon.
D. The same accounting principles used for the annual report should be employed for interim reports.

Ans: D. The same accounting principles used for the annual report should be employed for interim reports.

Business

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Consumers will demand the product from retailers and the retailers will demand the product from the manufacturers if which of the following is effective?

a. a pull strategy b. a push strategy c. word of mouth d. a demand strategy

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From a manufacturer's perspective, co-op advertising is beneficial because the payments are almost always tied to sales

Indicate whether the statement is true or false

Business