A responsibility report should
a) show only those costs that a manager can control.
b) be prepared in accordance with generally accepted accounting principles.
c) only show variable costs.
d) only be prepared at the highest level of managerial responsibility.
a) show only those costs that a manager can control.
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The Wall Street Journal bond quotes indicate that the net close for a bond with a $1,000 par value is
100 3/4. The closing price for that bond was $100.75. Indicate whether the statement is true or false