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What costing method should utilize during periods of rising

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Reference no: EM132815039

Problem 1: The cost of new shares acquired through the exercise of share rights is referred as the:

A. subscription price

B. allocated cost of stock rights

C. subscription price plus the cost of share rights exercised

D. subscription price less the allocated cost of the rights

Problem 2: If a company desires to maximize its income, what costing method should it utilize during periods of rising prices?

A. FIFO

B. LIFO

C. Weighted Average

D. Moving average

Problem 3: Which of the following is not considered in approximating the value of inventory using inventory estimation methods?

A. sales returns

B. sales allowance

C. purchase returns

D. purchase discount

Reference no: EM132815039

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