Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. year pretax income with weighted average pretax in

Year Pretax income with weighted average pretax income with FIFO ...

80.2K

Verified Solution

Question

Accounting

Year Pretax income with weighted average pretax income with FIFO
2018 210,000 240,000
2019 250,000 290,000
2020 175,000 190,000

30% tax. How much would be retained earning due to change in inventory methods?

-49,000

-85,000

-70,000

-59,500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1) Explain the anatomical breakdown of a muscle. 2) What is excitation-contraction coupling? 3) Explain the sliding...

Medical Sciences
Q

Explain how meiosis and fertilization produce genelle var during sexual reproduction

Biology
Q

2 Solve the triangle by finding all missing sides and angles Round all values to...

Geometry
Q

Consider a company with trailing EPS of 4 and forecasted next year EPS of 5...

Statistics
Q

Find the area of the region enclosed by the curve a 14 cos t 7...

Calculus
Q

inventory was 3,000 liters ( 90% complete). What are the equivalent units for...

Accounting
Q

I1I-(20 points) Aging of Accounts Receivable of BCK company...

Accounting
Q

The following information pertains to the Ralph Company: Units Work-in-process...

Accounting
Q

Case 1: There had been a group discussion on various aspects related to accounting standards...

Accounting
Q

Assignment Question(s):(Marks 5) 1- With reference to the SAMA (the regulatory institutions...

Accounting
Q

Selected T-accounts of Moore Company are given below for the just completed year: ...

Accounting
Q

Prepare a statement of net position as of June 30, 2023. For the period, net...

Accounting