which types of industries are likely to use the lower-of-cost-or-net realizable value (lcnrv) basis most frequently?

Answers

Answer 1

Answer:

Industries that are likely to use the lower-of-cost-or-net realizable value (LCNRV) basis most frequently are those that deal with inventory or stocks, such as retail, wholesale, and manufacturing industries.

This is because they need to account for the value of their unsold inventory, and LCNRV is a commonly used accounting method to estimate the value of inventory that may have become obsolete or damaged.

Additionally, industries that deal with perishable goods or those that have a short shelf life, such as the food and beverage industry, are more likely to use LCNRV as they have a higher risk of inventory spoilage or obsolescence.

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Fultz Company had 300,000 shares of common stock issued and outstanding at December 31, 2017. During 2018, no additional common stock was issued. On January 1, 2018, Fultz issued 400,000 shares of nonconvertible preferred stock. During 2018, Fultz declared and paid $180,000 cash dividends on the common stock and $150,000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2018, was $960,000. What should be Fultz's 2018 earnings per common share, rounded to the nearest penny?

Answers

Answer:

$2.7 per share

Explanation:

Given that,

shares of common stock issued and outstanding = 300,000

Dividends on the nonconvertible preferred stock = $150,000

Net income for the year ended December 31, 2018 = $960,000

Earnings per share:

= (net income - preferred dividend) ÷ Number of shares outstanding

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What has been the main force behind Taiwan’s economic growth? A) Agri-business. B) Subsistence farming. C) Manufacturing. D) Nuclear weapons

Answers

C) Manufacturing
hope it helps

The main force behind Taiwan's economy growth is Manufacturing. The correct option is c.

Taiwan's economy is a highly developed and market-based. It is the eighth largest in Asia and the twentieth largest in the world in terms of the parity of purchasing power, allowing Taiwan to be classified as an advanced economy through the International Monetary Fund. The World Bank ranks it among the high-income economies. Taiwan is one of the world's most technologically advanced computer microchip manufacturers.

Taiwan has evolved from a recipient of US aid in the 1950s and early 1960s to a donor of aid and a major foreign investor, in investments primarily in Asia.

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If Pepsi is analyzing all of its competitors, Pepsi is considering _______________ in its SWOT analysis.

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Which questions about risk should somone ask before making economic choices

Answers

The questions about risk that should someone ask before making economic choices are :
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Hope this helps

What is the ultimate purpose of the system of checks and balances? a. to restrict power
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Answers

The right answer for the question that is being asked and shown above is that: "c. to distribute responsibility" the ultimate purpose of the system of checks and balances is that c. to distribute responsibility

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