Which one of the following statements is FALSE? A. In a processminuscosting system, each unit uses approximately the same amount of resources. B. A corporation whose sole business activity is processing the customer deposits of several banks would use a processminuscosting system. C. An organization that manufactures several types of cereal would use a job order costing system. D. In a job order costing system, individual jobs use different quantities of production resources. Which one of the following statements is FALSE? A. In a processminuscosting system, each unit uses approximately the same amount of resources. B. A corporation whose sole business activity is processing the customer deposits of several banks would use a processminuscosting system. C. An organization that manufactures several types of cereal would use a job order costing system. D. In a job order costing system, individual jobs use different quantities of production resources. Which one of the following statements is FALSE? A. In a processminuscosting system, each unit uses approximately the same amount of resources. B. A corporation whose sole business activity is processing the customer deposits of several banks would use a processminuscosting system. C. An organization that manufactures several types of cereal would use a job order costing system. D. In a job order costing system, individual jobs use different quantities of production resources.

Identify and describe a variety of performance rating scales that can be used in organizations including graphical scales, letter scales, and numeric scales.

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?

Selected information about income statement accounts for the reed company is presented below (the company's fiscal year ends on december 31): 2018 2017sales $ 4,400,000 $ 3,500,000cost of goods sold 2,860,000 2,000,000administrative expenses 800,000 675,000selling expenses 360,000 312,000interest revenue 150,000 140,000interest expense 200,000 200,000loss on sale of assets of discontinued component 50,000 —on july 1, 2018, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by gaap. the assets of the component were sold on september 30, 2018, for $50,000 less than their book value. results of operations for the component (included in the above account balances) were as follows: 1/1/18-9/30/18 2017 sales $ 400,000 $ 500,000 cost of goods sold (290,000 ) (320,000 )administrative expenses (50,000 ) (40,000 )selling expenses (20,000 ) (30,000 )operating income before taxes $ 40,000 $ 110,000 in addition to the account balances above, several events occurred during 2018 that have not yet been reflected in the above accounts: a fire caused $50,000 in uninsured damages to the main office building. the fire was considered to be an infrequent but not unusual event.inventory that had cost $40,000 had become obsolete because a competitor introduced a better product. the inventory was sold as scrap for $5,000.income taxes have not yet been recorded.required: prepare a multiple-step income statement for the reed company for 2018, showing 2017 information in comparative format, including income taxes computed at 40% and eps disclosures assuming 300,000 shares of common stock. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)