Decidingonwhichinventorymethodacompanyshoulduseaffects:
A. theprofitstobereported.
B. theincometaxestobepaid.
C. thevaluesofratiosreportedfromthebalancesheet.
D. alloftheabove.
查看答案
TodeterminecostofgoodssoldundertheFIFOmethod:
A. thefirstcostsintoinventoryarethefirstcostsassignedtocostofgoodssold.
B. thelastcostsintoinventoryarethefirstcostsassignedtocostofgoodssold.
C. theaveragecostoftheinventorymustbedetermined.
D. thecompanymustfirstdeterminethespecificunitssold.
TheuseoftheFIFOmethodgenerallyincreasestaxableincome:
A. whenpricesareconstant.
B. whenpricesaredeclining.
C. whenpricesareincreasing.
D. underallcircumstances.
WhichofthefollowingistrueregardingtheLIFOmethodofinventorycosting?
AcompanycanuseLIFOfortaxpurposesandFIFOforfinancialreportingpurposes.
B. VeryfewU.S.companiesusetheLIFOmethod.
C. IfaLIFOliquidationoccurs,incometaxexpensewilldecrease.
D. Whenpricesarerising,incometaxesarethelowestwhentheLIFOmethodisused.
WhencomparingtheFIFOandLIFOinventorymethods:
A. LIFOvaluesinventoryatthenewestcosts.
B. LIFOreportsthemostup-to-dateinventorycostonthebalancesheet.
C. FIFOresultsinthemostrealisticnetincomefigure.
D. FIFOmatchesoldinventorycostsagainstrevenue.
微信支付 
支付宝支付