Based on the description above, the correct answer that will
describe what a process cost system is, is the first choice in which a work in
process account is maintained for each process. As process cost system is being
used in a way of collecting and assigning the cost in manufacturing in which
produces the units and that it is used when mass are being produced.
Answer:
The correct answers is letters "A" and "B": LLC; Corporation.
Explanation:
Limited Liability Companies (LLCs) are businesses in the U.S. where owners do not share liabilities for the firm's operations. Though, taxes are passed to owners who file them in their tax returns. Corporations, as well, separate the entity from its owners, thus, they are not responsible for the entity's liabilities if it defaults. Corporate owners can borrow funds from the corporation, trade the property, and sign binding contracts.
D. corporation is the answer...
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Answer:
The correct answer is letter "B": all publicly available information is reflected in current prices.
Explanation:
Within the Efficiency Market Hypothesis (<em>EMH</em>) the semi-strong market efficiency implies current stock prices reflect the public information made available in financial markets. According to this approach, the fluctuations in the stock price are the result of that information published and technical and fundamental analysis are useless in "predicting" stock price movements.