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)
From the given options, select the one that CANNOT be listed among the long-run effects of ozone depletion.
Which one out of the following states has a coastline?
On which day is World Television Day celebrated to mark the anniversary of the first World Television Forum?
Recently in which state of India the first Drone school was opened?
Consider the following statements regarding the Indian National Movement.
1. Romesh Chunder Dutt, a retired ICS officer, published ‘The Econ...
The former Spanish footballer, Antonio Lopez Habas, was the coach at the Hero ISL 2020- 21 of which of the following football teams?
Which industry uses limestone as raw material?
As per the Union Budget 2020 – 21, what will be the implementation period of the National Technical Textiles Mission?
Who among the following shall communicate to the President all the decisions of the council of ministers under article 78?
The liquid part of human blood, called __________, is made of water, salts and protein.