In a period of rising prices and stable inventory quantities, which of the following best describes the effect on gross profit of using LIFO as compared to FIFO?
Compared to FIFO, Cost of goods sold under LIFO will be higher because the most recent higher costs units are assumed to be the first units sold. Higher COGS under LIFO will result in lower gross profit (revenue – cost of goods sold)
Identify the segment in the sentence, which contains the grammatical error.
The list of candidates to be called for the interview were put up on the board.
Read each sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. Mark the part with the error as...
Despite of the double dip recession and the lengthening dole queue Britain’s rich got richer over the past years, with the Indian steel tycoon Lakshm...
In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate opti...
A sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your answer. Mark (E) if the sent...
Parts of the following sentence are given as options. Identify the segment that contains a grammatical error.
Bhanu finished to read such a thi...
It is not difficult to sense country’s displeasure, even granting its rough diplomat disposition.
I was offered a good position outside my hometown but I turned down the offer.
Select the segment which has a grammatical error in the given sentence. If there is no error, select 'No error'.
When I go ...
Read each sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. Mark the part with the error a...
