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What inventory costing method would a company likely use

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Reference no: EM132990204

Question 1: Explain how the declaration and payment of Dividends affect the Balance Sheet.

Question 2: A company acquired a land for $100,000. According to the realtor who sold the land, it has a current market value of $125,000. Explain how the acquisition of the land will be recorded in the accounting records and discuss if any Accounting Principle is involved.

Question 3: Where the price of raw materials is constantly increasing, what Inventory Costing Method would a company likely use if it wants to minimize Income Taxes?

Reference no: EM132990204

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