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Olin [163]
3 years ago
6

Under the uniform capitalization rules applicable to taxpayers with property acquired for resale, which of the following costs s

hould be capitalized with respect to inventory if no exceptions have been met? Repackaging costsOff-site storage costsa. Yes Yes b. Yes No c. No Yes d. No No
Business
1 answer:
pashok25 [27]3 years ago
6 0

Answer:

The correct answer is A

Explanation:

As per the UNICAP (stands for Uniform Capitalization) rules, the person have to capitalize the cost for creating the assets, which means or defines as to capitalize the raw materials, labor cost and other indirect as well as direct costs that is attributable to the production of the assets.

So, the costs which is to be capitalized in respect to inventory are the repacking cost, which is involved in the indirect supplies and other materials and the off site storage cost is involves in the rental of the facilities and equipment.

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The following information is from the annual financial statements of Nancy Company.
lakkis [162]

Answer:

5.79 times

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The computation of the Accounts receivable turnover ratio  

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Now put these values to the above formula  

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5 0
3 years ago
Which of the following is not commonly regarded as being part of a firm’s credit policy? a. Credit period b. Collection policy c
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D!!! All of the above
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The cost allocation base​ ________. A. is a systematic way to link an indirect cost or group of indirect costs to cost objects B
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Answer:

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6 0
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Answer:

$30,000

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