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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.
These_______ expectations were not fully realized.
Yossarian wanted out. He knew the war just didn’t make sense. Men went mad and were rewarded with medals. All over the world, boys on every side of th...
In order to ______ the problem, the engineers proposed a series of innovative solutions.
The _________ about teachers is that they are too preoccupied with cultivating professional excellence to bother about connectedness.
Fill in the blank/s with suitable Word/s:
We should _________ the agreement and _________ the necessary paperwork.
RBI can now …………. banks to …………. insolvency …………. with respect to sp...
In the question given below, two sentences are given with one blank each. From the given options, choose the word that correctly fits both sentences.
These institutions aim to _______ cooperation, resolve conflicts, and ________ global governance.