subject
Business, 05.07.2019 17:10 Meliiiii

Assume that barber co. uses the lifo inventory costing method for both tax and financial reporting purposes. the balance sheet reports inventories at $297 million. then, in its footnotes, the company reports that inventories would have been $327 million had the company used the fifo method. the difference between these two numbers ($30 million) is referred to as:

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 16:10
Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?
Answers: 1
question
Business, 22.06.2019 20:00
Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?
Answers: 2
question
Business, 22.06.2019 23:30
Which statement best describes entrepreneurship aitmakes people very rich b it relies on large financial investments c it is only possible in the retail industry d it requires creativity and ambition
Answers: 3
question
Business, 23.06.2019 04:00
How do i make quick money as a 13 year.old with no alouence.
Answers: 1
You know the right answer?
Assume that barber co. uses the lifo inventory costing method for both tax and financial reporting p...
Questions
question
Mathematics, 03.12.2021 20:40
question
Mathematics, 03.12.2021 20:40
Questions on the website: 13722367