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vlada-n [284]
2 years ago
8

The selected inventory costing method impacts:________

Business
1 answer:
Alisiya [41]2 years ago
4 0

Answer:

The correct option is a) Gross profit and ending inventory.

Explanation:

The inventory technique is a method of accounting for calculating the value of an inventory. The approach calculates the ending inventory balance by comparing the inventory cost to the merchandise price.

There are three methods for valuing inventory whic are FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost) (Weighted Average Cost). The gross profit and ending inventory are affected differently by each of these costing methods.

This implies that the selected inventory costing method impacts gross profit and ending inventory.

Therefore, the correct option is a) Gross profit and ending inventory.

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For the current year temporary differences existed between the financial statement carrying amounts and the tax basis of the fol
Veseljchak [2.6K]

Answer:

Income Tax Expense (Dr.) $49,080,000

Deferred Tax Liability (Cr.) $49,080,000

Explanation:

Income tax expense = ( Taxable Income for the year + building and equipment taxable amount + Prepaid Insurance - Liability or contingency Loss ) * Tax rate

Income Tax expense = ( $117,000,000 + $14,700,000 + $2,300,000 - $11,300,000) * 40%

Income Tax expense = $49,080,000

8 0
3 years ago
Need help with this problem asap!!
dybincka [34]
You can go to history.com


6 0
3 years ago
Which statement about deposits are true? Check all that apply
LuckyWell [14K]

The statements that are true about deposits is:

A. Deposits increase the checking account balance

C. Deposited money can be transferred electronically from one bank to another

E. You can deposit a greater amount than the balance in the account

D. You cannot make a deposit at a ATM. This is false because with an ATM you can make a deposit into an account. If you were using a credit card, there is no account to put money into, it just charges to a card you have to then pay off.

B. A deposit is money that is subtracted from a bank account. When you deposit money, you are adding money into a bank account. When you withdraw money you are subtracting money into a bank account. Because this question refers to subtracting from a bank account, this is false.

5 0
3 years ago
Read 2 more answers
1. Suppose the amount of premium leather decreases from 180 to 150 a. Does the shadow price change? Why or why not? b. If possib
kkurt [141]

Answer:

Explanation: A. Shadow price has not changed because Shadow price show value of a commodity without considering final cost.

B. Change in value 180 - 150/180 X 100 = 16.7

C. The optimal solution didn't change because the product price went from it highest profit 180 to it's least cost 150

5 0
3 years ago
Read 2 more answers
The crowding out effect will be greater than
ELEN [110]

Answer:

The correct answer to the following question is option B) .

Explanation:

Crowding effect refers to a situation where due to the increase in interest, there is a decrease in investment ( private investment spending ), which in turn leads to decrease in initial increase in investment. Here the interest rate have increased because of the expansionary fiscal policy implemented by the government, where they have increased their spending. A high magnitude of crowding effect can lead to decrease in the money supply in economy.

6 0
3 years ago
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