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Ne4ueva [31]
3 years ago
14

Which of the following statements is false?

Business
1 answer:
Serggg [28]3 years ago
7 0

Answer: The answer is "b. LIFO is an income tax concept.".

Explanation: The statement "b. LIFO is an income tax concept." is FALSE because LIFO is a inventory method (first in, first out) in which the first products purchased will also be the first sold.

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Tradable pollution permits A. are less desirable than corrective taxes in reducing pollution. B. are likely to create a higher l
Ratling [72]

Answer:

C. will be more valuable to firms that can reduce pollution at high costs.

Explanation:

Tradable pollution permits is a scheme that gives companies a right to produce pollution at a certain level during a certain period. If the pollution of a company is low b but it has high pollution permit than it can sell the leftover permit to those firms who produce more pollution.  Tradable pollution permit enables the firm to exchange pollution permit in return for efficient opportunity. This is valuable for those firms who create more pollution and reducing pollution costs them more than trading a pollution permit with other firms.

8 0
3 years ago
Read 2 more answers
The Aggie Graphics Company was organized on January 1, 2017.The trial balance before adjustment at December 31, 2017 contained t
jeka94

Answer: 1. B. Supplies for $1,200

2. $180

3. A. Depreciation Expense 4,500

Accumulated Depreciation 4,500.

Explanation:

• 1: The entry to record (A) above would include a debit to supplies for $1,200. It should be noted that all the supplies that were recorded by the company in January were recorded as supply expenses and supplied in hand were $1200 as at December 31st. This will be shown in the balance sheet as the supplies expenses will be reduced by $1200 which means supplies will be debited.

•2: The balance in the interest payable account after adjustment will be:

= $18,000 × 3% × 4/12

= $18000 × 0.03 × 1/3

= 180

Note that 4months out of 12 months was used as notes were issued on September 1 which is 4 months till December.

• 3: The correct entry to record (E) above is:

A. Depreciation Expense 4,500

Accumulated Depreciation 4,500

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3 years ago
You inherited 500 shares of ge stock from your great aunt martha. as you contemplate selling the shares, your accountant informs
ella [17]
The appropriate response is double taxation. Double taxation is a tax assessment guideline alluding to wage charges paid twice on a similar wellspring of earned salary. It can happen when salary is burdened at both the corporate level and individual level. Twofold tax assessment likewise happens in universal exchange when a similar pay is exhausted in two unique nations.
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Priscilla is in the 8th grade. her group of friends has recently started shoplifting at departmental stores. according to resear
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Either join, grow more susceptible to stealing, or get caught with them even if she didn't join.
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4 years ago
Types of waves that can be plane polarized<br><br><br>​
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Plane polarisation is the method of allowing only waves orientated in the same direction - only allowing vibrations in one plane. Only transverse waves can be plane polarised because their vibration is perpendicular to the direction of energy travel - you can therefore have this vibration at different orientations
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