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NEW QUESTION: 1
A firm using LIFO accounting has a LIFO reserve of 4,700, with a FIFO ending inventory of 34,600. It is currently in the 40% tax bracket. If it switches to FIFO accounting for reporting purposes, it's deferred taxes
________.
A. increase by 2,820
B. increase by 1,880
C. decrease by 1,880
D. decrease by 2,820
Answer: B
Explanation:
Explanation/Reference:
Explanation:
When the firm switches from LIFO to FIFO, it must recognize the additional tax liability that arises because the taxes not paid in the past will now have to be paid. This liability equals the LIFO reserve times the current tax rate and must be added to the deferred taxes account (to be completely accurate, you would have to go back all the way to the inception of the firm and recalculate historical taxes. This is never done).

NEW QUESTION: 2
Match the Azure service to the correct description.
Instructions: To answer, drag the appropriate Azure service from the column on the left to its description on the right. Each service may be used once, more than once, or not at all.
NOTE: Each correct match is worth one point.
Select and Place:

Answer:
Explanation:

Explanation:
References:
https://azure.microsoft.com/en-us/services/sql-database/
https://docs.microsoft.com/en-us/azure/sql-data-warehouse/sql-data-warehouse-overview-what-is
https://docs.microsoft.com/bs-latn-ba/azure/hdinsight/hadoop/apache-hadoop-introduction

NEW QUESTION: 3
When designing Huawei Desktop Cloud, which of the following points should be considered when planning storage? (Multiple choice)
A. Purpose of storage
B. File system used for storage
C. Capacity of storage
D. Media type of storage
Answer: A,B,C,D

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