In a time of steadily increasing vendor prices with inventory levels staying the same, the FIFO inventory method will result in:
a. a lower inventory amount on the balance sheet at the end of the year compared to LIFO.
b. the same cost of goods sold amount as that produced by LIFO.
c. a higher cost of goods sold than that produced by the weighted-average method.
d. a higher inventory amount at the end of the year on the balance sheet compared to the weighted-average method.
d
You might also like to view...
The key issue in passing the business on to an employee is
A. cash flow B. long-term debt C. ownership D. experience
Buyers with ________ see their role as being "purchasing agents for their target customers."
A. nonprofits B. government agencies C. retailers and wholesalers D. manufacturers E. service firms
Which of the following methods is not used to value a noncontrolling interest under circumstances where a control premium is applied to determine the appropriate value for such interest?
A. Valuation models based on subsidiary residual income projections. B. Valuation models based on subsidiary discounted cash flows. C. Comparison with comparable investments. D. Fair value based on market trades. E. The application of a safe harbor discount rate.
ClickZ defined which of the following as 'technology that supports communication and social interaction in either the context of watching television, or related to TV content'?
a. Social music. b. Social celebrity. c. Social games. d. Social TV. e. None of these.