Answer:
marginal benefit
Explanation:
consumers are most likely going to buy something with value
The direct method of cashflow is one that lists the operating cash receipts and subtracts operating cash payments.
<h3>What is the cash flow direct method?</h3>
This cashflow method determines the changes in cash receipts and payments that are reported in the cash flow from the operations section.
Hence, the method method of cashflow is one that lists the operating cash receipts and subtracts operating cash payments.
Read more about direct method
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Answer:
A. Dr Cost of goods sold $21
Cr LIFO reserve $21
B.$3,729
Explanation:
A. Preparation of the December 31, 2021, adjusting entry to record the cost of goods sold adjustment.
Based on the information given in a situation were Drew adjusts the LIFO reserve at the end of its fiscal year which means that the December 31, 2021, adjusting journal entry to record the cost of goods sold adjustment will be:
Dr Cost of goods sold $21
($86 – 65)
Cr LIFO reserve $21
b. Calculation for what would cost of goods sold have been for the 2021 fiscal year
Cost of goods sold=$3,750 – $21
Cost of goods sold= $3,729
Therefore what the cost of goods sold could have been for the 2013 fiscal year is $3,729
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