Answer: a. When inventory purchase costs are rising.
Explanation:
Last In First Out is an inventory stock valuation method where newer inventory is sold first and older inventory are sold last.
When a LIFO liquidation occurs, it means that the company has sold off its new stock and are now selling the older one.
This will lead them to have a lower cost of goods sold as the older stock is usually cheaper. If Inventory purchase costs are increasing in the market, then sales prices will have to increase as well. The company will sell at this new price but will still have that lower cost of goods sold.
This means that they would have more profits as a result which will lead to more taxes being charged on them.
Answer: $4 per share
Explanation:
The par value of the common stock is given as:
= 
= 
= $4 per share
Here;
Common stock denotes the shares entitling their holder to dividends that vary in amount .
Answer:
c. Both theoretical and applied learning
Explanation:
Throughout life, students learn the theories at college and university so they are adept at applying them in the real world. For example, a college student learns mathematical theories to use them in everyday life. As an adult, a student chooses a college degree in which he or she will specialize. Then he will learn the theories to use them in his working life. For example, a student learns economic theories at university and applies them later in his job as an economist.
Answer:
does it need an attachment to it in order to answer it ?
Explanation:
A partnership is a type of business structure where two or more individuals agree to own and operate a business together.
A partnership can be defined as a formal arrangement between two or more parties. This formal arrangement is created to manage and operate a business and share its profits. There are several arrangements that can be made between the partners in order to share the profits and losses of the firm.
The other division of partnership can be on the basis of participation in the work of the firm. There may be some partners that only provide their name to the business firm called silent partners. So they will not be involved in the day-to-day operation of the business. Whenever there is an admission or removal or retirement of a partner the partnership needs to be dissolved.
Learn more about the partnership here:
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