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Anarel [89]
2 years ago
8

You work for an accounting firm. Just last week the state legislature passed reforms to the state tax code. The revised tax code

was published with an accompanying online report. You have been asked by your supervisor to compress the main points from the online report. What type of short informational report have you been asked to write
Business
1 answer:
kolezko [41]2 years ago
3 0

A summary is simply known as a short explanation of a work's content. The type of short informational report that I have been asked to write is a summary.

A summary report can consist of;  

  • The author's major supporting ideas.
  • They show the author's purpose in writing etc.

A summary often start with an introductory sentence that talks about the text's title, author and main point of the text as you see it.

A summary is often written in your own words and it should have the ideas of the original text.

Learn more from

brainly.com/question/17180048

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Consider the following information pertaining to OldWest's inventory:
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Answer:

$2,664

Explanation:

Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.

Product     Quantity    Total Cost     Total Net Realizable Value

Revolvers      13           $126              $155

Spurs             22          $32               $27

Hats               9            $58               $48

Choosing Which one is lower for each product

Product     Quantity    Rate        Total Value

Revolvers      13           $126              $1,638

Spurs             22          $27               $ 594

Hats               9            $48               $432

Total Closing Inventory Value = $1,638 + $594 + $432 = $2664

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