Which of the following amounts could differ if a company, using the LIFO inventory costing method, shifts from a periodic inventory system to a perpetual inventory system?
A) ending merchandise inventory
B) sales revenue
C) purchases
D) purchase returns
A
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A homeowner forces local government entities to purchase his home and pay him fair market value because airplanes now fly over his home. This is called:
a. inverse condemnation b. condemnation c. economic obsolescence d. an injunction
Which of the following statements is FALSE?
A) The most familiar stock index in the United States is the Dow Jones Industrial Average (DJIA). B) A portfolio in which each security is held in proportion to its market capitalization is called a price-weighted portfolio. C) The Dow Jones Industrial Average (DJIA) consists of a portfolio of 30 large industrial stocks. D) The Dow Jones Industrial Average (DJIA) is a price-weighted portfolio.