A method of allocating merchandise cost that assumes the sales in the period were made from the recently purchased merchandise and its earliest merchandise bought remains in the inventory is called the
a. last-in, first-out method.
b. first-in, first-out method.
c. specific identification method.
d. weighted-average method.
a
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In an Exclusive Authorization to Locate Property, the broker occupies the status of:
a. single agent until the property is located, then as a dual agent for the buyer and the seller in all cases b. single agent for the buyer and dual agent with the permission of the parties c. single agent and dual agent even if the seller has an agent or wants to represent himself d. single agent to the buyer only
Which of the following statements regarding a share repurchase is NOT true?
A) Share repurchases occur most commonly as open market repurchases. B) The firm typically buys its shares just like any investor would purchase stocks listed on a stock exchange. C) A firm often announces its intention to repurchase a certain number of its shares, say over the upcoming year. D) In most cases, a firm may agree to repurchase shares from a major shareholder at a negotiated price.