Answer:
A) copyright law
Explanation:
The copyright law is one which protects the original author's work, e.g movies, music etc, from unlawful distribution or redistribution. The law guides against the inappropriate redistribution of the work. In each country, there is always a government organization that regulates and protects an author's right by copyright.
It is an offence to disobey the copyright law, as the author has the right to charge the offender to a law court for required prosecution.
Before introducing yourself, it is imperative that you fully inform yourself about the two cases to be discussed, and what the effects of each have on the organization. It is also important to make a hypothetical situation of each case and to observe probable causes and effects that will assist in creating the probable scenario and in decision making.
The weighted average cost of capital is the cost approach that will produce an ending inventory value that is in between probable high and low costs (prices) using classic costing methods.
The weighted average cost of capital is the average cost of attracting investors, whether bonds or shareholders.
The computation weights the cost of capital depending on the amount of debt and equity used by the firm, providing a clear barrier rate for internal initiatives or future acquisitions.
The weighted average inventory cost is one of the approaches used in inventory valuation. It is computed by dividing the cost of products for sale by the number of units for sale. i.e The cost of the items for sale and the quantity of units for sale. Because it is based on averages, the ending inventory value is generally somewhere between high and low cost.
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Answer:
D) Income Tax Expense for $80,000.
Explanation:
The computation is shown below:
Since the corporate tax rate is increased from 30% to 40% and the taxable temporary difference is of $800,000 so the change would be
= $800,0000 × difference in tax rate
= $800,000 × 10%
= $80,000
This amount i.e $80,000 would be debited and shown as an income tax expense
Moreover, the deferred tax liability is ignored
c. Sailors would be the correct answer
