<span>A slower rate of growth in income than in other countries, which causes imports to lag behind exports. d. Domestic real interest rates that are lower than real interest rates abroad. **86. If the US dollardeclines in value relative to the currencies of many of its trading partners, the likely result is that a. Foreign currencies will ...</span><span>
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LIFO will involve lower income tax expenses.
FIFO ("first in, first out") is based on these production costs, assuming that the
oldest products in a company's inventory are sold first. The LIFO (last in, first out) method assumes that the newest product in the company's inventory was sold first, and uses that cost instead. The last-in, first-out (LIFO) method assumes that the last-purchased inventory is sold first to the consumer.
FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.
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Answer: Obtain title insurance
Explanation:
An escrow agent is someone who is trusted and holds property for third parties in case there's a ongoing disagreement that's being settled or in case whereby a transaction is being finalized and this role is usually performed by an attorney
An escrow agent can:
• Receive money from lenders.
• Offer legal advice.
• Prepare closing documents.
Therefore, an escrow agent should not obtain title insurance.
Answer:
The answer is false.
Explanation:
The $6,500 received for two seasons ticket is unearned revenue at September 1.
Unearned revenue have been received in advance but the customer has not enjoyed the service.
As the company enjoys this service monthly till the subscription finishes, revenue will be recognized and unearned revenue which is a liability in the balance sheet will reduce by the same value.
Two seasons ticket is 2 years(24 months).So what will be recognized monthly will be $270.83 ($6,500/24months)
September 1 through December 31 is 4 months.
So the adjusting entry at December 31 is 4 x $270.83
=$1,083.32