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Methods of inventory are: · FIFO – First In First Out – under this method the inventory bought first will be sold first and the closing stock left is from the last purchases · LIFO – Last In First Out – under this method the inventory bought last will be sold first and the closing stock left is more from the first purchases. · Weighted Average Cost – Cost per unit of inventory will be the weighted average of cost where weights will be the quantity. To reduce tax liability, a company needs to reduce profit and increase costs. by using LIFO method , the cost of inventory would be higher as the price of last purchases would be higher under inflationary period. Using it would lead to higher cost. This will reduce the profit and therefore also reduce the tax liability of the company.
Statements:
No pen is pencil.
Some pencil is eraser.
All eraser is box.
Some box is scale.
Conclusions:
...Statement :
Some candles are matches.
Some matches are rockets.
Conclusion:
I. Atleast some rockets are candles.
II. No rocket is a candle.
Statements:
Only Pocket are Purse
All Chain are Pocket
A few Zip are Pocket
Conclusions:
I. Some Zip can never ...
Statements: No data is a number.
Some numbers are not letters.
Only letters are consonants.
Conclusions: I. All letters may be co...
Statements:
Only a few subject is colour
Only few colour is game
Only game is mobile
Conclusions:
I. Some colour bein...
Statements:
All Star are Meteor.
Some Meteor are Comet.
Only a few Constellation are Comet.
Conclusions:
I. All Comet...
Statements:
All Word are Number
No Alphabet is Letter
No Number is Alphabet
Conclusions:
I. All Letter is being...
Statement : Some rooms are stores..
All stores are godowns.
All godowns are warehouses.
No warehouse is a product.
Conclu...
Statements: Some printers are monitors.
All monitors are modems.
Some modems are keyboards.
Conclusions: I. Some keyboards are not...
Statements:
Some pens are stands.
All stands are pencils.
Conclusions:
I. Some pens are...