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ivann1987 [24]
3 years ago
15

The inventory valuation method that results in the lowest taxable income in a period of inflation is:________

Business
1 answer:
makvit [3.9K]3 years ago
4 0

Answer:

A

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

Inflation refers to a persistent rise in general price levels.

In a period of inflation, cost of inventory keep rising. So, the most recently purchased inventory would have the highest price. The LIFO method would result in a higher cost of good sold and this depresses profit and also leads to a lower taxable income

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Answer:

8.89%

Explanation:

The answer is 8.89%

Here is how we arrived at this.

Dividend = 1$ times 4

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Then we calculate for the nominal rate of return.

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dangina [55]
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2 years ago
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Answer:

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