Answer:
A. Debiting Cost of Goods Sold $7,000
Explanation:
The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.
At year-end, the perpetual inventory records of Anderson Co. indicate 60 units of a particular product in inventory, but a physical inventory taken at year-end indicates only 50 units of this product actually are on hand. So 10 units of the product was shrinkage.
The company should debit Cost of Goods Sold to record this inventory shrinkage.
Anderson Co. use LIFO method, the amount shrinkage product:
10 x $700 = $7,000
<span>Apec forum is discussing the creation of economic free trade zone that would extend from Chile to China
Economic free trade zone will be very profitable for the country that involved in it because within the free trade zone, regulation and taxes for the trading process will be very small and this will increase the overall profit</span>
Students can collaborate on group projects using technology<span>-based tools such as wikis and Google docs. The walls of the classrooms are no longer a barrier as </span>technology<span> enables new ways of learning, communicating, and working collaboratively. </span>Technology has<span> also begun to change the roles of teachers and learners.
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Answer:
Letter a is correct. <u>Multinational corporation.</u>
Explanation:
A multinational corporation is characterized as an organization that has a head office in a particular country and has branches in several other countries in the world.
The main objective of companies operating in the market of other countries is to obtain maximum profitability and to conquer new markets.
One strategy that many companies use is to set up branch offices in developing countries where there is lower added cost and government incentives such as land donations and tax-free benefits that are provided due to job growth and industrial and economic development than a business. Large size brings to a locality.
Globalization was a factor that contributed to the increase in the performance of multinational companies, as it facilitated the technological, communication and transport conditions, which are essential elements for the performance of companies on a global scale.
