How many of the following statements are correct? product costs always appear "below the line" for gross margin. the gaap income statement combines controllable with non-controllable costs and fixed costs with variable costs. for financial reporting purposes, merchandising firms expense the cost of items when they purchase them. the total of all the indirect manufacturing inputs are sometimes referred to as manufacturing allocation.0 1 2 3 4

Which job role belongs in the middle management level? a. president b. chief executive officer c. department manager d. chief operating officer e. vice president

Personal financial planning is the process of creating and achieving financial goals? true or false

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.