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NEW QUESTION: 1
A firm using LIFO accounting has a LIFO reserve of 4,700, with a FIFO ending inventory of 34,600. It is currently in the 40% tax bracket. If it switches to FIFO accounting for reporting purposes, it's deferred taxes
________.
A. decrease by 1,880
B. increase by 2,820
C. increase by 1,880
D. decrease by 2,820
Answer: C
Explanation:
Explanation/Reference:
Explanation:
When the firm switches from LIFO to FIFO, it must recognize the additional tax liability that arises because the taxes not paid in the past will now have to be paid. This liability equals the LIFO reserve times the current tax rate and must be added to the deferred taxes account (to be completely accurate, you would have to go back all the way to the inception of the firm and recalculate historical taxes. This is never done).

NEW QUESTION: 2
In einem multinationalen Unternehmen kann es mehrere Buchungskreise mit mehreren Einkaufsorganisationen geben.
Wie können Sie den Aufwand für die Aufrechterhaltung der Preisbedingungen innerhalb einer solchen Gruppe minimieren?
Bitte wählen Sie die richtige Antwort.
A. Verwenden Sie eine Referenzeinkaufsgruppe.
B. Verwenden Sie einen Referenz-Buchungskreis.
C. Verwenden Sie eine Referenz-Einkaufsorganisation.
D. Verwenden Sie einen Referenzinfosatz.
Answer: C

NEW QUESTION: 3
Consider 3 PHP files that are called asynchronously via XmlHttpRequest:

Which of the following statements is true? (Choose two.)
A. The requests may be processed out of order
B. Concurrent requests will be blocked until the session lock is released
C. The total execution time for all 3 requests will be the maximum of the longest sleep() call
D. The requests are guaranteed to be executed in order
Answer: A,C