B.............................
Answer:
a. Inventory records
Explanation:
Inventory records -
It refer to the record or information of all the transactions, in a manual or computer based record, is referred to as an inventory records.
It is also known as stock record.
These records have complete information and data of all the transactions in each of the inventory item.
A very accurate and timely record is maintained which may be helpful for any future references.
Hence, from the given question,
The correct answer is inventory records.
A) is late recognizing that a recession has begun and conducts expansionary monetary policy.
Answer:
The correct answer is C
Explanation:
Liabilities is the legal financial debts or the obligation of the company which arise during the course of the operations of the business.
The debit increases the following accounts which are expense or the assets accounts. And decreases the equity, liability and revenue accounts.
In other words, the accounts which are decreased through debits are the liabilities which involve Interest Payable, Notes Payable and Accounts Payable. And Stockholders' Equity which involve retained earnings and common stock.
Answer:
Lahdekorpi OY, a Finnish corporation and Three-O Company, a subsidiary incorporated in the United States
Transfer Pricing:
a) The best transfer pricing method in this case is the cost plus method. This gives the transfer price as Cost + 50%.
b) The appropriate transfer price should be $3 ($2 x 1.5).
Explanation:
Transfer pricing arises when controlled entities set prices for exchange of goods and services. When Lahdekorpi OY, a Finnish corporation, sells wooden puzzles to Three-O Company, given their relationship, transfer pricing has arisen. It is the assignment of cost for goods and services exchanged between related parties, like a parent and a subsidiary.
There are many Transfer Pricing methods which entities and the taxing authorities can use to determine the best transfer price. According to the Organisation for Economic Co-operation and Development (OECD) Multinational Entities and tax authorities can use any of these five main transfer pricing methods:
a) Comparable uncontrolled price (CUP) method. The CUP method is grouped by the OECD as a traditional transaction method (as opposed to a transactional profit method)
b) Resale price method
c) Cost plus method
d) Transactional net margin method (TNMM)
e) Transactional profit split method.
