Answer:
C. LIFO liquidation
Explanation:
Benson Company uses the LIFO inventory costing method for both its tax reporting purposes and its financial reporting purposes. In its footnotes, Benson Company is required to report the amount at which inventories would have been reported under FIFO method.
The difference between these two numbers is commonly referred to as LIFO Reserve.
LIFO reserve represents the difference in ending inventory using LIFO and ending inventory if FIFO were employed instead.
Third option is the correct option.
LIFO reserve = FIFO inventory cost - LIFO inventory cost
FIFO inventory cost = LIFO inventory cost + LIFO reserve
 
        
             
        
        
        
Explanation
I think your question missed of key information for question 2, so I just answer question at my best for helping you. 
                                                                        Debit             Credit 
11-Oct
Treasury                                                         292400
Cash                                                                                     292400
<em>Being own shares repurchased  
</em>
1-Nov    
Cash (1,450 × 49)                                             71,050
Treasury Stock (1,450 × 43)                                                 62,350
Paid-in Capital from Sale of Treasury Stock                          9,700    
<em>To record the sale of treasury stock.      </em>         
November 25
Cash (5350 × 38)                                           203,300
Paid-in Capital from Sale of Treasury Stock   9,700 
Retained Earnings                                            17,050                 
Treasury Stock (5350 × 43)                                                      230,050
<em>To record the sale of the remaining treasury shares  </em>      
 
        
             
        
        
        
When supply goes down, the equilibrium price goes up. This is because if there is a smaller supply the good becomes more valuable to people who want the good.
        
             
        
        
        
Answer: D.  The company reissues the treasury stock it holds.
Explanation:
Earnings per share is calculated by dividing the Net Income by the weighted average number of shares that a company has outstanding. If the company reissues treasury stock, this would increase the number of average stock outstanding thereby increasing the denominator of the EPS equation which would have the effect of reducing the Earnings per share. 
For instance, if a company had net income of $50 and common equity outstanding of $40, the EPS would be;
= 50/40
= $1.25
If the company reissues treasury stock of $30, the EPS would change to;
= 50/ (40 +30)
= $0.71
 
        
             
        
        
        
If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday): TRUE
<h3>
What are tax returns?</h3>
- A tax return is a form or form that is filed with a tax authority and discloses income, expenses, and other relevant tax information. 
- Tax returns enable taxpayers to assess their tax liability, plan their tax payments, and receive refunds for overpayments. 
- In most nations, an individual or corporation having a reportable income, such as wages, interest, dividends, capital gains, or other profits, must file an annual tax return.
- For example, if April 15th comes on a Saturday, the deadline for individual tax returns is April 17th (assuming it is not a holiday).
Therefore, the statement "if April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday)" is TRUE.
Know more about tax returns here:
brainly.com/question/4210849
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Complete question:
If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday). TRUE or FALSE