Federal income tax rules allow businesses to use different inventory costing methods for tax reporting and financial reporting with one exception. Which of the following situations is not allowed by federal income tax rules? Inventory Method Inventory Method for Tax Reporting for Financial Reporting
a. FIFO LIFO
b. LIFO FIFO
c. Weighted Average FIFO
d. LIFO LIFO
b
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An effective ending for a persuasive message would be:
A) Simply take the enclosed coupon to any of our service centers by June 15 for your free oil and filter change. B) Please respond as soon as possible because this offer is not likely to last very long. C) Wouldn't you like to save some money? D) Be sure to tell all your friends about this exciting offer. E) Now that I have your attention, here is what to do.
Which of the following events would make it more likely that a company would choose to call its outstanding callable bonds?
A. Market interest rates rise sharply. B. Market interest rates decline sharply. C. The company's financial situation deteriorates significantly. D. Inflation increases significantly. E. The company's bonds are downgraded.
Which two broad account categories are used to determine net income? Define each category and list two examples of each type
The practice of comparing the company's achievements against the best practices in the industry is known as ________.
A) segmentation B) goal congruence C) performance evaluation D) benchmarking