Answer:
$411,000
Explanation:
Cost of goods sold was $380,000
Inventory was increased by $12,000
Accounts Payable was decreased by $19,000
The relationship via direct method of cash flow can be established as:
COGS + Increase in Inventory + Decrease in A/P
$380,000 + $12,000 + $19,000 = $411,000
Tax helps in stablising the price of product ; because tax is added to the price of product as value added that's why increase in tax system also increases in price of product; also businessmen needs to pay tax from their profit.
Answer:
C : the lower-of-cost-or-net realizable value (LCNRV) basis.
Explanation:
<em>High-technology and fashion are types of industries likely to frequently use </em>''the lower-of-cost-or-net realizable value (LCNRV) basis''. These types of industries having an inventory that has an uncertain future.<em> Obsolescence, defects, oversupply, higher price declines, and similar obstacles can contribute to uncertainty about the realization of inventory</em> items and hence accountants of these industries evaluate inventory and employ lower of cost or net realizable value considerations.
Answer:C. Purchasing treasury stock
Explanation:Treasury stocks are stocks that were repurchased by the issuing company,this repurchased quantity is always guided by the laws existing in the country. This repurchased stock reduces the amount of the outstanding stock of the company available for sale. Treasury stocks are always repurchased at a higher price,hence increasing the stock owner's earnings per share.
Answer
(A) true
Explanation:
Stare decisis is a legal doctrine that obligates courts to follow historical cases when making a ruling on a similar case. Stare decisis requires that cases follow the precedents of other similar cases in similar jurisdictions.
