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NEW QUESTION: 1
When prices are rising, which of the following inventory valuation methods produces the lowest income tax liability?
A. FIFO
B. LIFO
C. None of these answers
D. Average cost
Answer: B
Explanation:
Explanation/Reference:
Explanation:
When prices are rising, LIFO will produce the lowest profit, and the lowest income tax liability, because the last in (highest cost) inventory is the first out. This leaves the oldest inventory on hand and since it has the lowest cost, ending inventory will have the lowest value which means that cost of goods sold will be the highest and profits will be the lowest (ending inventory = beginning inventory + net purchases - cost of goods sold).

NEW QUESTION: 2
A customer uses Dynamics 365 for Customer Service.
Customer service representatives must be able to create knowledge base articles.
You need to ensure that all knowledge base articles are submitted for review and approval before they are made available to use.
Which four actions must be performed in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

Answer:
Explanation:

Explanation

References:
https://docs.microsoft.com/en-us/dynamics365/customer-engagement/customer-service/customer-service-hubuse

NEW QUESTION: 3
Which of the following statements is false?
A. VPLS provides L2 VPN services to CEs.
B. VPLS is a bridged LAN service.
C. CEs that are members of the same VPLS service instance communicate with each other as if they are connected via a bridged LAN.
D. VPLS is a point-to-point service where CEs are presented with point-to-point virtual circuits.
Answer: D