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Answer:
Take control of the area and gain economic benefits.
Explanation:
Take control of the area and gain economic benefits are the different approaches taken by the United States toward its new possessions after the war. Powerful countries takes possession of new regions with the help of war in order to support its economy by using natural resources as well as taxation. These approaches helps the country to gain more benefit and maintain power in the region.
Answer:
Select the correct statement concerning LIFO liquidations from the following.
a. LIFO liquidations often distort net income and may result in substantial tax payments.
b. LIFO liquidations seldom distort net income and do not result in substantial tax payments.
c. LIFO liquidations often distort net income and do not result in substantial tax payments.
d. LIFO liquidations seldom distort nets income and may result in substantial tax payments.
Explanation:
LIFO liquidation refers to the practice of selling or issuing of older merchandise stock or materials in a company's inventory. Therefore, under the LIFO method, the latest purchased or produced goods are removed and expensed first. And so, the old inventory costs remain on the inventory valuation method.
