Which of the following statements is/are true? Multiple Choice In a period of rising costs and stable inventory levels, using the LIFO method leads to a lower taxable income and higher net income compared to the FIFO method. In a period of falling costs and stable inventory levels, cost of goods sold is the same under LIFO and FIFO. All of the other answer choices are true. In a period of rising costs and stable inventory levels, using the FIFO method leads to a higher taxable income and higher net income compared to the LIFO method.
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Ответ:
Non-recurring expenditures are non-repetitive in nature. They require a huge amount of investment and are made for a long period of time. For example, purchase of a building or a machinery.
Non-recurring expenses are treated as an asset in the balance sheet and depreciated for a long period. For a computer crime unit, a non-recurring expense would be the purchase of a computer laboratory.