Reason of decreasing income is A- increase of beginning inventory B- increase of ending inventory c

Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2014/12/09

Upvote (0) Views (1) Followers (1) Answers (1) Report Question

by Deleted user , Accountant , Doha Financial and Brokerage Services

B-Increase in ending inventory.

It impacts the current year taxes and also reduces the the following year income as it becomes beginning inventory.

Which one of the following actions would result in a decrease in income?
Top Answer: From my point of view, I would choose answer (B) where FIFO usually gives higher profitability,more than ... See More

Answers (1)
Which one of the following errors will result in the overstatement of net income?
Top Answer: B. Overstated ending inventory EFFECT: - understated cost of sales - overstated net income ... See More

Answers (4)
Which of the following increased ROE?
Top Answer: Return on Equity is calculated by the following formula ROE = Net Income / Shareholders equity. Assuming ... See More

Answers (1)
Which of the following multiple choices do you think is the best answer for this question?
Top Answer: 1) The right choice is (C). 2) The right choice is (E). 3) The right choice is (A). ... See More

Answers (1)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Reason of decreasing income is A- increase of beginning inventory B- increase of ending inventory c - none od these answers are correct