1. Operating overhead is expensed as an operating expense, whereas manufacturing overhead is capitalized in...
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Accounting
1. Operating overhead is expensed as an operating expense, whereas manufacturing overhead is capitalized in work-in-progress (WIP) inventory.
True or False.
2. When a firm impairs an asset, cash flows are not affected but net income increases.
True or False
3. The market-to-book ratio is typically above 1 because market capitalization is forward looking, whereas book value is largely historical or backwards looking.
True or False
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