Cranchey company reported a lifo ending inventory of $670,000 on its balance sheet at december 31, 2019. cranchey's disclosure notes to the financial statements reported that the lifo reserve at december 31, 2018 was $32,000 and the lifo reserve at december 31, 2019 was $40,000. which of the following statements is correct for cranchey company for the effect of the lifo reserve in 2019 in converting lifo amounts to fifo amounts?

a. pretax income would have been higher by $32.000 under fifo.
b. cost of goods sold would have been higher by $8.000 under fifo.
c. pretax income would have been higher by $8,000 under fifo.
d. cost of goods sold would have been higher by $4000o under fifo.

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock