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3 years ago

Companies can and often do use different costing methods for financial reporting and tax reporting. An exception to this is the:

Business

1 answer:

nignag [31]3 years ago

7 0

Answer:

LIFO conformity rule.

Explanation:

LIFO refers to the Last in first out method. In this inventory system, the firm sells last units at first stage and then sells according to that

According to the given situation, the LIFO conformity rule requires that the taxpayer follow the same inventory cost flow as used for tax reporting purposes in the financial statement.

Therefore the correct answer is LIFO conformity rule.

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Who plays f o r t n i t e

ohaa [14]

Answer:

not me i play buildroyal.io

Explanation:

5 0

2 years ago

On January 1, 2018, Brian Company purchased at par $831,000, 6 percent bonds issued by Laura Company to be held as available-for

Leno4ka [110]

Answer:

THE TRANSACTION DATE : December 31, 2018.

TRANSACTION: Record the trading securities at fair value.

ASSETS: - 26,400

LIABILITIES:

STAKEHOLDERS' EQUITY: -26,400

REVENUE/GAINS:

EXPENSES/LOSSES: $26,400

NET INCOME: - 26,400

THE TRANSACTION DATE : July 1, 2019.

TRANSACTION: Adjust to fair value.

ASSETS: $29,800

LIABILITIES:

STAKEHOLDERS' EQUITY: $29,800

REVENUE/GAINS: $29,800

EXPENSES/LOSSES:

NET INCOME: $29,800

RECORD THE SALE OF TRADING SECURITIES(ASSETS) = $0.

Explanation:

So, anything dealing with trading securities has to do with trading in which securities are held down for a period of time and then later the securities will be sold.

So, here are the categories for the transactions listed in the question above, assuming the securities are available-for-sale.

THE TRANSACTION DATE : December 31, 2018.

TRANSACTION: Record the trading securities at fair value.

ASSETS: - 26,400

LIABILITIES:

STAKEHOLDERS' EQUITY: -26,400

REVENUE/GAINS:

EXPENSES/LOSSES: $26,400

NET INCOME: - 26,400

THE TRANSACTION DATE : July 1, 2019.

TRANSACTION: Adjust to fair value.

ASSETS: $29,800

LIABILITIES:

STAKEHOLDERS' EQUITY: $29,800

REVENUE/GAINS: $29,800

EXPENSES/LOSSES:

NET INCOME: $29,800

RECORD THE SALE OF TRADING SECURITIES(ASSETS) = $0.

3 0

3 years ago

What is the effect of using both a variable and a control in an experiment?

Gnoma [55]

<span>Using variables helps determine different factors that either positively or negatively effect experiment results. Using a control, something that does not change, allows scientists to change around the variables and monitor their effects on the control.</span>

4 0

3 years ago

Isla is a marketing manager for Marshall Manufacturing. Her boss has asked her to evaluate a new product idea. One of the things

jekas [21]

Answer:

true

Explanation:

the formula used to determine the break even point in units is:

break even point in units = total fixed costs / contribution margin

where contribution margin = selling price - variable costs

The break even point refers to the output level where revenues = costs. Any output level above the break even point results in profits for the company, while any output level below the break even point results in losses.

4 0

3 years ago

Companies having the greatest impact on the computation of the Dow Jones Averages and the Standard & Poor's Indexes have the

Softa [21]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Highest price; highest total market value

b) Highest total market value; highest price

c) Highest price; lowest liquidity

d) Greatest number of shares outstanding; highest price

And the correct answer is the option B: Highest total market value; highest price.

Explanation:

To begin with, both terms the Dow Jones Averages and the Standard & Poor's are indexes for the respective american stock market in where the better companies of the country are in the list so that why that mostly of them will obviously have the highest total market value and its respectively highest price due to the fact that are the companies that produce more and work better than others and the public buy stocks from them and that makes them richer and richer.

3 0

3 years ago