1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bixtya [17]
2 years ago
15

True or false: The inventory method selected by management does not have to correspond to the physical flow of goods to be in ac

cordance with GAAP.
Business
1 answer:
Kamila [148]2 years ago
4 0

Answer:

True or false: The inventory method selected by management does not have to correspond to the physical flow of goods to be in accordance with GAAP. True (The inventory method is an assumed cost flow and does not have to correspond with the actual physical flow of goods.

You might be interested in
"once a firm is out of alignment, it does not mean that it has to stay that way."
Vinvika [58]
This statement is true.
If something is out of alignment, it means that something is not properly working - something is not aligned the way it is supposed to be. However, this of course doesn't mean that it has to stay that way forever - there are ways to bring the firm back into alignment. 
5 0
3 years ago
On January 1, Brad Inc. sold $30,000 in products to a customer on account. Then on January 10, Brad collected the cash on that a
ozzi

Answer:

No net effect on the accounting equation.

Explanation:

Given that,

On January 1, Products sold to a customer on account = $30,000

On January 10, Cash collected from a customer = $30,000

Accounting equation is as follows:

Assets = Liabilities + Stockholder's equity

On January 10,

The cash of $30,000 is received from the customer which increases the assets by $30,000 and reduces the accounts receivable by $30,000 which is also a part of assets. Therefore, there is no change or impact on the accounting equation.

3 0
4 years ago
Julie wants to buy a car and is deciding how she should invest her money. To best meet her needs, she should
Black_prince [1.1K]

Answer: invest in US savings bonds because of its short term.

Explanation: Investing in savings bonds will help Julie get more money so she can buy her car but at the same time have more money. Julie can get her money out in no time if she needs it and she'll have bigger profits.

3 0
3 years ago
What is the proper estimate for the cost of preferred stock in estimating a company's WACC?a. The estimated cost of newly issued
Yuliya22 [10]

Answer: Option A

                       

Explanation: In simple words, WACC refers to the cost of total capital that a company has borrowed form the market in its weighted average form. It includes all sources of debt whether retained earning, equity, debt or preferred stock.  

While calculating WACC the analyst takes the market value of the capital sources into consideration, thus, in case of preferred stock the cost of newly issued preferred shares must be taken as they depict the actual cost that the company has to bear.

8 0
4 years ago
Each person who participated in a contract agreement is called an
Leviafan [203]
I think the answer is Party
8 0
3 years ago
Other questions:
  • Ayayai Corp. was organized on January 1, 2017. It is authorized to issue 19,000 shares of 5%, $50 par value preferred stock and
    8·1 answer
  • Harper Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and processes t
    9·1 answer
  • Which of the following is NOT imported to the United States in any great quantity
    12·1 answer
  • Anne LLC purchased computer equipment (five-year property) on August 29 for $30,000 and used the half-year convention to depreci
    14·1 answer
  • Explain the nature of operations
    8·1 answer
  • Joe is currently selling 873 hamburgers per month at $5 per hamburger for total monthly sales of $4,365. The restaurant manager
    15·1 answer
  • On January 1, 2020, Castaway Corp. issued 5,000 shares of preferred stock ($15 par value) at $45 per share. Each share of prefer
    9·1 answer
  • The recording of business transactions is a basic part of financial reporting and is referred to as:.
    15·1 answer
  • An integrated management information system was implemented in the Celestial VIllage Continuum of Care, a 180-bed long-term care
    11·1 answer
  • All of the following are ways through which affirmative action can arise at the workplace except Multiple Choice legal requireme
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!