The inventory method used by a company affects:
A) net income on the income statement.
B) the income taxes to be paid.
C) the ending inventory on the balance sheet.
D) all of the above.
D
You might also like to view...
Oscar, Inc, a manufacturer of gift articles, uses a single plantwide rate to allocate indirect costs with machine hours as the allocation base
Estimated overhead costs for the year are $5,000,000. Estimated machine hours are 40,000. During the year, the actual machine hours used were 45,000. Calculate the predetermined overhead allocation rate. (Round your answer to the nearest dollar.) A) $111 B) $91 C) $125 D) $63
A company's efforts to effectively communicate with customers is very important. All of the following are major difficulties which can compromise an organization's attempt to communicate with customers except:
A) the message does not reach the intended recipient. B) the message reaches the intended recipient but is misunderstood. C) the message reaches the intended recipient and is understood, but the recipient may fail to take action. D) the message is distorted by noise. E) the message is only in one language.