Natural risks would be examples of

The inventory valuation method that identifies each item in ending inventory with a specific purchase and invoice is the:

scoray [572]

Answer:

d. Specific identification method.

Explanation:

The specific indentification method relies on the specific categorization of the ending inventory, by attaching the date or purchase and the exact cost to every item of the ending inventory.

As it can be seen, the method is very accurate, because it can give the real value of ending inventory at the end of the year. However, it is also very time-consuming and difficult to keep up with, and for this reason most companies only use this method for items that are valuable, or that can be easily categorized in a specific date and price.

Most companies use other inventory valuation methods like LIFO, FIFO, and weighted average.

8 0

4 years ago

Brianna timely filed her 2019 tax return on March 1, 2020. She had a balance due, which she paid on April 15, 2020. She later de

Colt1911 [192]

Considering the situation described above, the latest Brianna can file an amended return to correct the originally filed 2019 return and claim the credit is "March 1, 2023."

This is because, according to Internal Revenue Service, an amended return can be filed either within 3 years after the date a person filed his original return or within 2 years after the date the person paid any tax owed, whichever comes later.

Therefore, given that Brianna filed her original return on March 1, 2020, and paid her tax owed on April 15, 2020, the latest she can file an amended return to correct the originally filed 2019 return and claim the credit is either March 1, 2023, or April 15, 2022.

However, since March 1, 2023, comes later, the latest time she can file is "March 1, 2023."

Hence, in this case, it is concluded that the correct answer is " March 1, 2023."

Learn more about tax returns here: brainly.com/question/2135349

4 0

2 years ago

Which of the following is not true regarding economic exposure? a. The impact of a change in the local currency on inflow and ou

Natali [406]

Answer:

Option A The impact of a change in the local currency on inflow and outflow variables can sometimes be indirect and therefore different from what is expected.

Explanation:

The reason is that the changes in the currency exchange rate in which the company receives the payment and is also not a home currency, such risk exposure is known as economic exposure. So the only option that correct here is option A.

Option B is incorrect because depreciation is non cash item and it is not exposed to currency fluctuations.

Option C and D are also incorrect because domestic firms don't face any economic exposure.

8 0

4 years ago

7. Choose if the product is a Good, a Service, or Both.

Papessa [141]

Answer:

1 buying a bicycle it's a good

2 getting a back message it's a service

3 getting the plumbing fixed in your house it's a service

4 use of a smartphone app it's a service

5 buying a new Ac unit for your house it's a service

6 buying a hamburger it's a good

7 getting your taxes completed by a tax firm it's both

5 0

3 years ago

In a statement of cash flows, interest payments to lenders and other creditors should be classified as cash outflows for a. oper

Sonbull [250]

Answer:

The correct answer is letter "A": operating activities.

Explanation:

Operating Activities are the daily processes conducted by a company to generate income. They pertain to the company's core business activity such as sales and manufacturing and they provide most of the cash flow that determines whether a business is profitable.

When it comes to the Financial Statements the situation is not different. Interest payments to lenders and other creditors can be part of the day to day activity of a company. That is the reason why they are recorded in the operating activities section.

3 0

4 years ago