Camping Gear Company had 500 units of inventory on hand at the end of the year. These were recorded at a cost of $14 each using the last-in, first-out (LIFO) method. The current replacement cost is $10 per unit. The selling price charged by Camping Gear Company for each finished product is $17. As a result of recording the adjusting entry as per the lower-of-cost-or-market rule, the gross profit will ________.
A) increase by $5,000
B) decrease by $5,000
C) increase by $2,000
D) decrease by $2,000
D) decrease by $2,000
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Clarify an unfamiliar abbreviation for both singular and plural __________________
a. pronouns b. names c. units of measurement d. subjects
The Broadmoor Hotel in Colorado Springs, Colorado, maintains its five-star rating by focusing on five service characteristics: reliability, responsiveness, assurance, empathy, and tangibles. The hotel has been updating rooms built in the early part of the 20th century to meet the needs of 21st-century visitors. To accomplish this, it spent millions in improvements, renovating rooms, and adding a new outdoor pool complex. These renovations focus on the ________ service characteristic.
A. reliability B. empathy C. responsiveness D. tangibles E. assurance
Refer to the figure. What is the earliest start time (EST) and earliest finish time (EFT) of activity E?
A) EST = 7, EFT = 10 B) EST = 10, EFT = 7 C) EST = 11, EFT = 8 D) EST = 8, EFT = 10 E) EST = 8, EFT = 11
The term "tax law" includes
A. Treasury Regulations. B. Internal Revenue Code. C. judicial decisions. D. All of the above.