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Q: A consistent application of an inventory costing method enhances A. conservatism
A: A consistent application of an inventory costing method enhances comparability.
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User: A consistent application of an inventory costing method enhances A. conservatism B. accuracy C. comparability D. efficiency

User: A consistent application of an inventory costing method enhances

User: A consistent application of an inventory costing method enhances A. conservatism

Weegy: A consistent application of an inventory costing method enhances comparability.



User: The accountant at Patton Company has determined that income before income taxes amounted to $11,000 using the FIFO costing assumption. If the income tax rate is 30% and the amount of income taxes paid would be $300 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption? A. $11,300 B. $12,000 C. $10,000 D. $10,700

Weegy: The correct answer would be A. The FIFO, or First In First Out method, is when a company sells the first-received, or oldest, inventory first. [ ]
danimai|Points 833|

User: A very small company would have the most difficulty in implementing which of the following internal control activities? A. Separation of duties B. Limited access to assets C. Periodic independent verification D. Sound personnel procedures

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Asked 4/17/2012 12:04:17 AM
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