Turn company utilizes the LIFO inventory method to calculate taxable income. The method which is available to turn for financial reporting purposes is FIFO.
The Turn Company is a project management company which focuses on the year round oversight and execution of property turn and make ready contract services.
The Turn Company utilizes the LIFO inventory method in order to calculate taxable income. For most companies, FIFO (“First-In, First-Out”) method is the most logical choice since they use their oldest inventory first in the production of goods.
Suppose your inventory costs are going down, FIFO will allow you to claim a higher average cost per piece on newer inventory, which can help you save money on taxes.
Hence, the Turn company utilizes FIFO for financial reporting.
To learn more about LIFO and FIFO here:
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Answer:
B. A close corporation
Explanation:
Based on the information provided within the question it can be said that Miracle Mobile Devices Inc. is a closed corporation. This term refers to company that is not a public corporation and does not surpass a predefined number of shareholders or stakeholders. Which both statements 2 and 4 defend this declaration.
Because of the logarithmic way of the pH scale, it is wrong to just normal pH values and reports them. Rather, it is more suitable to report the middle pH esteem or give the scope of pH qualities watched. Condition speaks to the assurance of pH from the negative log base 10 of hydrogen particle movement.
<u>Answer:</u>
The given statement is TRUE
<u>Explanation:</u>
It has always been seen that a worker always prefer to work in an organization in which he gets highly paid whereas if it is seen from the company point of view, then the company always prefers to hire such an employee whose cost is compartively lesser. In order to lower the expense or the cost, multinational companies always prefers to give or allocate thier work to other countries where the labor cost is low.
Yes it is correct, your answer is correct.