Periodic inventory systems are used primarily by:

A) Small businesses with manual accounting systems.
B) Large manufacturing companies.
C) Small businesses that sell a high volume of low-priced items.
D) Companies that sell a high volume of low-priced items and record sales transactions on point-of-sale terminals.

Select the correct answer. the word intestate means that a person has died with or without a will?

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u. s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u. s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u. s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u. s. gaap balances to ifrs.

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.