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متابعة

A company is experiencing continuously lower costs. Which cost flow assumption will result in less income tax expense for this company?

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تم إضافة السؤال من قبل Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed
تاريخ النشر: 2014/05/26
Akram Massoud
من قبل Akram Massoud , FINANCE MANAGER , Autoexcellence LTD

First In, First Out - FIFO

Khaled Abdelrehim ACCA DipIFR CMA
من قبل Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Answer A FIFO

Mubashir Shahzad
من قبل Mubashir Shahzad , Oracle Functional Consultant/ERP Business Analyst , Jaffer Business System

low income tax figure can be achieved if groos profit/profit is lower.

if company uses lifo costing method and prices of that material are increasing, then cost of goods sold will be higher resulting in lower groos profit and ending inventory figure.viceversa for FIFO.

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