Answer:
Select the correct statement concerning LIFO liquidations from the following.
a. LIFO liquidations often distort net income and may result in substantial tax payments.
b. LIFO liquidations seldom distort net income and do not result in substantial tax payments.
c. LIFO liquidations often distort net income and do not result in substantial tax payments.
d. LIFO liquidations seldom distort nets income and may result in substantial tax payments.
Explanation:
LIFO liquidation refers to the practice of selling or issuing of older merchandise stock or materials in a company's inventory. Therefore, under the LIFO method, the latest purchased or produced goods are removed and expensed first. And so, the old inventory costs remain on the inventory valuation method.
Answer:
A. They encourage businesses to focus on a specific type of service.
Explanation:
<u>Free enterprise system:</u> The term "free enterprise system" is determined as a particular economic system that is being supported by the government. It is responsible for protecting public interests via confirmation about several products that whether it provides the customers with specific information or not and by regulating different industries whose services and goods effect the public's well being.
Answer: Entrepreneurship
Explanation:
Entrepreneurship is defined as the activity which a person tends to carry out with motivation, skill and innovating ideas in the form of business. This field lets a person display and pursue their actual talent and opening -up their imagination to conquer their goals.
According to the question, Jessica is involved in entrepreneurship because she is involved in expanding her skills of violin-playing through opening pre-school and refurbishing and opening up her music learning skills through art event.
It avoids describing similar concepts more than once, thereby saving you time and making the ER model more readable. It also adds more semantic information to the design in a form that is familiar to many people.
<em>Hope this helped! :)</em>
I really don't know the answer I'm just trying to get some credit (sorry)
