Effective estate planning will ensure that your wealth is distributed according to your wishes, but will do nothing to reduce the potential taxes your estate is subject to

If inventory is taken only at the end of each accounting period, the average inventory for the period can be calculated by adding the beginning and the ending inventories and dividing their sum by two

a. True b. False Indicate whether the statement is true or false

When there is an outside market for an intermediate product that is perfectly competitive, the most equitable method of transfer pricing is cost plus markup pricing

Indicate whether the statement is true or false