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NEW QUESTION: 1
A firm using LIFO accounting has a LIFO reserve of 900, with a LIFO ending inventory of 8,100. It is currently in the 40% tax bracket. If it switches to FIFO accounting, which of the following is true?
I. Its ending FIFO inventory equals 7,200
II. Its deferred taxes decrease by 360
III. Its equity increases by 540
A. I & III
B. III only
C. I, II & III
D. II & III
Answer: B
Explanation:
Explanation/Reference:
Explanation:
LIFO Reserve = FIFO Ending inventory value - LIFO Ending inventory value Therefore, the ending inventory under FIFO = 8,100 + 900 = 9,000. The deferred taxes increase by 900*0.4 = 360 and the equity increases by 900*(1-0.4) = 540.
NEW QUESTION: 2
DRAG DROP
You are developing an application that includes a class named Customer.
The application will output the Customer class as a structured XML document by using the following code segment:
You need to ensure that the Customer class will serialize to XML.
How should you complete the relevant code? (To answer, drag the appropriate code segments to the correct locations in the answer area. Each code segment may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.)
Answer:
Explanation:
NEW QUESTION: 3
Click the Exhibit.
Referring to the exhibit, which route(s) will be exported to neighbor 192.168.1.2?
A. 100.0.1/32 and 100.0.20.1/32
B. 100.0.20.1/32, 192.168.1.1/32, and 100.0.0.1/32
C. 100.0.20.1/32
D. 10.0.0.0/24, 11.0.0.0/24,100.0.0.1/32, 100.0.20.1/32, and 192.168.1.1/32
Answer: D