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BARSIC [14]
3 years ago
15

The inventory costing method that reports the earliest costs in ending inventory is a.weighted average b.specific identification

c.LIFO d.FIFO
Business
1 answer:
bija089 [108]3 years ago
6 0

Answer:

c.LIFO

Explanation:

LIFO is the inventory costing method that reports the earliest costs in ending inventory. It is also a method of costing that will yield the largest net income when inventory is being valued at the cost and the purchase price remain same. It also assign the most recent costs to the cost of merchandise sold. This method is used only in United states and is been governed by the general accepted accounting principles (GAAP).

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A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do
maxonik [38]

Answer:

FALSE

Explanation:

It is False that the difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.

The reverse is true because projects are time-bound and they come to an end when their objectives have been achieved, but company operations are expected to continue as a going concern.

A project is an activity to meet the creation of a unique product or service, an thereafter terminates while operations are day to day routine activities that are expected to continue

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3 years ago
_______ is the temporary movement of people to destinations outside their normal places of work or residence, the activities und
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Answer:

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Explanation:

Tourism is the act of spending time away from home for the purpose of vacation, relaxation, etc It involves moving people from one place to the other to another place.

Cheers.

4 0
3 years ago
Liabilities and owner's equity of a company are $150,000 and $30,000, respectively. Determine assets using the accounting equati
ArbitrLikvidat [17]

Answer:

Assets: 180,000

Explanation:

Accounting Equation Formula:  

Assets = Liabilities + Owner's Equity

The accounting equation shows which resources the company has for the development of its activities and how they are financed. Assets are those mentioned resources, such as cash, bank accounts, inventory, etc. Those assets can be financed by external or internal sources. Liabilities represent external sources, which means, obligations. Instead, Owner's Equity represents internal sources, which means issuing equity shares. As every resource have to be finance either external or internally, the value of the Asset should match the add of Liabilities and Owner`s Equity.

7 0
4 years ago
A high-level manager gathers his team of supervisors together to create a new office policy that will affect all employees at th
Yakvenalex [24]

Answer:

I will ask the question that

C. How will it make me feel about myself?

Explanation:

The reason behind asking question is that I want to know that this new office policy will effect me. If this office policy will change my responsibilities or my rights, I'll be definitely ask this question as it is a matter of importance for me.

The other questions

  • Is it legal?  is not appropriate for asking as the office policy is beyond the legal framework.
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6 0
4 years ago
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