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NEW QUESTION: 1

A. Option C
B. Option A
C. Option D
D. Option B
Answer: B

NEW QUESTION: 2
When prices are falling, which of the following is/are true?
I. FIFO results in higher current assets.
II. LIFO results in higher taxes.
III. LIFO results in higher income.
IV. FIFO allows earnings manipulation through purchasing behavior.
A. II only
B. I & IV
C. II, III & IV
D. II & III
Answer: D
Explanation:
Explanation/Reference:
Explanation:
When prices are falling, the units purchased later have a lower purchase price. Therefore, under the FIFO cost-flow assumption, the higher cost goods will be assumed to have been sold first. This will raise COGS, lower the ending inventory value (and therefore lower current assets), lead to lower income and hence lower income taxes compared to LIFO. However, earnings manipulation is not possible under FIFO.

NEW QUESTION: 3
What is the number one customer complaint surveyed by technical support organizations?
A. time that it takes to reach a service representative
B. cost of service
C. lack of resolution
D. time that it takes to resolve issue
Answer: B

NEW QUESTION: 4
What is the minimum number of labels in the label stack of an MPLS VPN customer traffic packet captured at a core P-router?
A. 0
B. 1
C. 2
D. 3
Answer: C