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NEW QUESTION: 1
Which of the following statements related to the LIFO method of inventory valuation is false?
A. Despite the many benefits of LIFO, it is used by fewer U.S. companies than both FIFO and weighted average.
B. The LIFO conformity rule is a tax ruling prohibiting the use of LIFO for tax purposes unless it is also used for external financial reporting purposes.
C. Under LIFO, companies can manage earnings at the end of an accounting period by purchasing additional inventory.
Answer: A
Explanation:
LIFO is more commonly used than weighted average for inventory valuation purposes.
NEW QUESTION: 2
In which four areas does Cisco Smart Net Total Care provide support? (Choose four )
A. product lifecycle management
B. security and product alerts
C. customer service management
D. customer opportunity development
E. service coverage management
F. sales support management
G. technical services and incident management
Answer: A,B,E,G
Explanation:
https://www.cisco.com/c/en/us/products/collateral/cloud-systems-management/smart-net-total- care/datasheet-c78-735459.pdf
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B. The connection is changed to Single.
C. The connection is changed to Multiple.
D. The connection multiplicity is changed to a link with corners.
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