In a period of rising sales, utilizing past cost and expense ratios (percent-of-sales method) when preparing pro forma financial statements will tend to ________

A major shortcoming of the direct write-off method is that credit losses are:

Select one: A. Never recognized B. Not shown in the subsidiary ledger C. Sometimes collected at a future date D. Not matched with sales

Marketers in Gillette's Parker Pen subsidiary are confident that consumers in Malaysia and Singapore shopping for an upscale gift will buy the same Parker Pen as Americans shopping at Neiman Marcus

Indicate whether the statement is true or false