When the number of units sold exceed the number of units produced, income reported under absorption costing will be lower than variable costing. which of the following gives the best justification of the above statement? income under absorption costing is always less than income reported using variable costing, regardless of the number of units produced. income under absorption costing is always more than income reported using variable costing, regardless of the number of units produced. the fixed overhead cost deferred in ending inventory is greater than the fixed overhead cost recognized from beginning inventory. the fixed overhead cost deferred in ending inventory is less than the fixed overhead cost recognized from beginning inventory.

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest