Answer:
A. True.
Explanation:
Companies can and often do use different costing methods for financial reporting and tax reporting. The only exception is when LIFO is used for tax reporting; in this case the IRS requires that it also be used in financial statements.
LIFO assigns the highest amount to cost of goods sold - yielding the lowest gross profits and net income , which also yields a temporary tax advantage by postponing payment of some income tax.
<u>Calculation of Edelman's market/book ratio:</u>
The market/book ratio is calculated with the help of following formula:
Market/book ratio = Market price per share / Book value per share
The Book value per share can be calculated as follows;
Book value per share =Common Equity/ Shares of common stock outstanding
= 8,000,000,000 /500,000,000
= 16
Hence ,
Market/book ratio = 25/16 = 1.56
Hence, Edelman's market/book ratio is <u>1.56</u>
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Virtual collaboration r<span>efers to the use of digital technologies that enable organizations or individuals who are geographically dispersed to collaboratively plan, design, develop, With t</span><span>his type of method virtual team members communicate and collaborate via technology-mediated communication form multiple locations. </span>
Answer:
The correct option is a. Debtors
Explanation:
In this question, we categorized the internal and external users or a group who are interested in the financial information about a business.
Internal users are those users who work in an entity which includes employees, owners, managers
Where, external users are those users who are outside the entity that includes suppliers, lenders, creditors, government agencies, bank,general public,etc.
These users are interested to interpret the financial leverage of the company.
By going through the meaning we get to know that the debtors are not normally interested in the financial information about a business.
Hence, the correct option is a. Debtors.