Business
Business, 15.04.2020 19:09, tdahna0403

Assume that, at the end of 1999 (1998), Pfizer reported that replacement cost (equivalent to FIFO) for its inventories that are valued using LIFO accounting was $15 ($8) million greater than the LIFO valuation. Ignoring the impacts of any acquisitions and divestitures, how much income "from continuing operations before provision for taxes on income and minority interests" would have been reported by Pfizer if it had used replacement cost accounting (FIFO) during 1999? Show work and discuss the advantages of FIFO over LIFO and vice versa.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, Scourge927
marketing strategies should be established before marketing objectives are decided. t/f
Answers: 1
image
Business, 21.06.2019 20:30, genyjoannerubiera
The distinction between a normal and an inferior good is
Answers: 3
image
Business, 22.06.2019 04:50, toyaluv2013
Steffi is reviewing various licenses and their uses. match the licenses to their respective uses. you are eligible to work within the state. you are eligible to sell limited investment securities. you are eligible to sell fixed income investment products. your compensation is fee based. section 6 section 7 section 63 section 65
Answers: 3
image
Business, 22.06.2019 05:00, leonidas117
Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.
Answers: 3
Do you know the correct answer?
Assume that, at the end of 1999 (1998), Pfizer reported that replacement cost (equivalent to FIFO) f...

Questions in other subjects:

Konu
Mathematics, 02.03.2021 21:50
Konu
Mathematics, 02.03.2021 21:50
Konu
Mathematics, 02.03.2021 21:50
Konu
Mathematics, 02.03.2021 21:50
Konu
Social Studies, 02.03.2021 21:50