If costs are declining, using LIFO will result in lower cost of goods sold and a higher net income as compared to FIFO and moving-average methods
Indicate whether the statement is true or false.
Answer: TRUE
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Blanche was vice president of the Jupiter Corporation, a major weapons dealer. She used corporate funds to bribe a government official of a small European country. Blanche also caused advertisements to be published in the U.S. press that defamed Jupiter's chief competitor. What is the legal effect of Blanche's actions?
A. Jupiter cannot be found guilty of a crime because a corporation cannot form the requisite intent. B. Jupiter will prevail on a defense of ultra vires. C. Both Jupiter and Blanche are liable in tort and guilty of a crime. D. Blanche is guilty of a crime but is not liable in tort.
According to the ________, one should "treat other people the way you would like them to treat you."
A) television test B) utilitarian principle C) family test D) golden rule