User Account

All Pages

When a company changes its inventory method to lifo

Assignment Help Accounting Basics
Reference no: EM131000422

1.When a company changes its inventory method to LIFO, an exception is made for the way accounting changes usually are reported. Explain the difference in the accounting treatment of a change to the LIFO inventory method from other inventory method changes.

Reference no: EM131000422

Questions Cloud

Inventory method using lifo and the dollar value lifo retail : Explain the difference between the retail inventory method using LIFO and the dollar-value LIFO retail method.
What is the average rms current in the power line : A typical American family uses 1000 kWh of electricity pro 30 days. What is the average rms current in the 110 V power line to the house?
Express the speed of light in this medium : The speed of light in vacuum is c = 3 x 10^8 m/s. A specific medium has an index of refraction n = 1.8. Randomized Variables N = 1.8. Express the speed of light in this medium, ν, in terms of c and n. Solve for the numerical value of v in m/s.
Consider a two-period economy with a single commodity : Consider a two-period economy with a single commodity (say leisure): x_1 is the consumption of leisure in period 1, and X_2 is the consumption of leisure in period 2. When Peter evaluates consumption streams, he cares only about the best time in his ..
When a company changes its inventory method to lifo : Explain the difference in the accounting treatment of a change to the LIFO inventory method from other inventory method changes.
Cost for employer sponsored health insurance : An engineering firm estimates that its cost for employer sponsored health insurance will be $750,000 next year and increase at 9% per year for the next 8 years. The company CFO wants to budget a uniform amount each year to cover these costs.
What is the window index of refraction : Light reflected at 55.6 degree from a window is completely polarized. What is the window's index of refraction? From what substance is the window likely made?
How was photography used as an instrument for social reform : For Online and Directed Study students, these are Microsoft® PowerPoint® presentations with speaker's notes which support and expand upon your bulleted text.
The demand curve for white flour an inferior good : Which of the following will increase (shift) the demand curve for white flour, an "inferior" good?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd