Inside-The-Lines Painting Company has the following two items in inventory. The company uses LIFO (last-in first-out). Item Total Cost (using LIFO) Normal Profit margin Replacement Cost Net Realizable Value Brushes $10,000 $4,000 $3,000 9,000 Canvases $15,000 $5,000 $10,000 12,000 Determine the loss recognized under the lower of cost or market method using the item-by-item approach.

Robert owns a life insurance policy that he purchased when he first graduated college. it has a $100,000 death benefit and robert pays premiums for it every month out of his checking account. the insurance robert has is most likely da. permanent life insurance o b. term life insurance o c. group life insurance o d. individual life insurance

An outside supplier has offered to sell talbot similar wheels for $1.25 per wheel. if the wheels are purchased from the outside supplier, $15,000 of annual fixed overhead could be avoided and the facilities now being used could be rented to another company for $45,000 per year. direct labor is a variable cost. if talbot chooses to buy the wheel from the outside supplier, then annual net operating income would:

Bruno's pizza restaurant makes full payment of $8,300 on an account payable to stella's cheese co. stella's would record this transaction with a