During a period of declining inventory costs, which of the following inventory costing methods should be used by a company that intends to minimize its income tax expenses?
A) first-in, first-out
B) last-in, first-out
C) weighted-average
D) specific identification
A
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Digital signatures allow the vendor to determine that the sender of the message has the authority to send it and thus prevents an unauthorized purchase
Indicate whether the statement is true or false
Give two examples of employee fraud and explain how the theft might occur
Jax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,800. Music World's journal entry to record the sales transaction is:
A. Debit Notes Receivable $7,904; credit Sales $7,904 B. Debit Accounts Receivable $7,800; credit Sales $7,800 C. Debit Notes Receivable $7,800; credit Sales $7,800 D. Debit Notes Receivable $7,800; debit Interest Receivable $104; credit Sales $7,904 E. Debit Accounts Receivable $7,904; credit Sales $7,904
Which countries include family information on the résumé?
a. Germany and Japan b. Spain and England c. England and Japan d. Spain and Germany