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Deffense [45]
3 years ago
9

When inventory costs are rising, a company may prefer to use the __________ method in the perpetual system in order to pay the l

owest amount of taxes.
Business
1 answer:
mezya [45]3 years ago
8 0

Answer:

LIFO (Last-in-last-out)

Explanation:

Last in last out is the method of inventory valuation where the unit that was added in inventory last would be sold first. In case, of rising prices, the unit added in inventory would cost more than the one added first. So, if LIFO is used in case of rising prices, cost of goods sold would be higher. If COGS is higher, income will fall, thereby reducing tax liability.

So, if the firm wants to pay lower taxes during price rise, it should opt for LIFO method to value inventory.

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Which of the following activities are typically included in a project kick-off meeting? ​
ASHA 777 [7]

Answer:

b. The project manager outlines the project goals

Explanation:

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Following steps would be noteworthy for conducting an effective project kick off meeting:

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Answer:

• It could prevent a will from going into probate

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