Answer:
d. it causes profits to be understated when prices are rising and allows a company to dodge taxes.
Explanation:
The LIFO method should not be permitted to determine the net income as in this case the profits would be understated at the time when price is increased due to this it permits the company to dodge taxes as the inventory consumed in the production process also the high inventory value would be involved in the cost of sales that represent the high cost, this result in lower profits and taxes
Hence, the option d is correct
Answer:
sentiment analysis
Explanation:
Sentimental analysis is the mining of subjective information from a source material (usually social media), this is aimed at understanding the social sentiment the public has about a brand or service.
Sentimental expressions can be positive negative or neutral. For example a statement from a review: 'I really like their services, they make sure you are satisfied with your purchase.' Is an example of positive sentimental expression.
Answer:
D. gradually over time
Explanation:
According to 1968 research by Ball and Brown, securities markets fully adjust to earnings announcements gradually over time
With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.
<h3>What is an
income statement?</h3>
An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.
Rent expenses = $2,400 prepaid rent / 12 months
Rent expenses = $200 per month
Rent expenses = $200 rent expense per month x 5 months (in Year 2)
Rent expenses = $1,000 rent expense
In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.
Read more about income statement
<em>brainly.com/question/24498019</em>
Answer:
Rent or Buy Housing and the U.S. Tax Code
The tax deductibility of the interest ___paid___ on a mortgage and the___costs__ incurred on your home create a tax shelter for the___taxpayer___ , which ___reduces___your taxable__income__ and tax liability.
The standard deduction for mortgage interest under the 2014 U.S. tax code is:
c. $6,300 for single individuals and $12,600 for married couples filing jointly
Explanation:
Currently, the IRS allows taxpayers to deduct home mortgage interest on the first $750,000 ($375,000 if they are married but filing separately) of their indebtedness. However, higher limitations ($1 million) or ($500,000, if married but filing separately) apply if the taxpayers are deducting mortgage interests from their indebtedness incurred before December, 2017.
