A company had a beginning balance in retained earnings of $43,000. It had net income of $6
A、$1909 overdrawn balance
B、$1909 favourable balance
C、$2341 favourable balance
D、$2457 favourable balance
A、115
B、105
C、55
D、60
A、When prices are rising, FIFO will produce the higher profit figure of all these methods
B、When prices are rising, LIFO will produce the higher profit figure of all these methods
C、LIFO is a permissible valuation method under IAS 2
D、Average cost is recomputed following every dispatch or issue of inventory
A、$8,000 debit balance
B、$8,000 credit balance
C、S9,000 credit balance
D、$9,000 debit balance
A、60
B、50
C、55
D、125
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