An advantage of a fair value hedge is that:

a. gains or losses on the derivative hedging instrument and the offsetting gains or losses on the hedged items are both recognized currently in earnings.
b. gains or losses on hedges of firm commitments are reported in other comprehensive income because the anticipated cash flows have not been recognized in earnings.
c. documentation is not

Under process costing, the total production costs incurred in each process must be split between the units that have been completed in that process and transferred to the next process and the ________

A) Finished Goods Inventory if it is the first process B) units not completed and remaining in Work-in-Process Inventory for that department C) Cost of Goods Sold when the units are sold D) Work-in-Process Inventory of the previous department when there are no sales

What is an advantage of collecting in person survey data?

a. Cost b. High return rates c. Time d. Flexibility