Answer:
A. True.
Explanation:
Companies can and often do use different costing methods for financial reporting and tax reporting. The only exception is when LIFO is used for tax reporting; in this case the IRS requires that it also be used in financial statements.
LIFO assigns the highest amount to cost of goods sold - yielding the lowest gross profits and net income , which also yields a temporary tax advantage by postponing payment of some income tax.
Answer: The correct answer is "all answers correct".
Explanation: The television contains images of lower quality than the films since the films are made individually with the aim of creating an experience of cinematographic entertainment totally different from that offered by television.
Answer:
$28,800
Explanation:
Data provided in the question:
The asset is depreciable under the 5 year MACRS category
Depreciation percentages for all six years are:
0.20, 0.32, 0.192, 0.115, 0.115, 0.058
Worth of the asset = $150,000
Now,
Depreciation to be claimed in the year 3 will be
= Worth of the asset × Depreciation percentages for the year 3
here, from the given percentages of the depreciation
the Depreciation percentages for the year 3 is 0.192
= $150,000 × 0.192
= $28,800
Answer:
$180
Explanation:
Expected return E(r) =
D1= Next year's dividend
P1 = Next year's price
P0 = Current price
Since the beta is 1, it means this stock's return = market return = 20%
E(r) =
0.20 =
Multiply both sides by 155
31 = P1-149
Add 149 on both side s to solve for P1;
31+149 = P1
180 = P1
Therefore, the stock will sell at $180