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Homework answers / question archive / 1)As a company's inventory turnover ratio increases, the frequency with which it is selling its inventory decreases

1)As a company's inventory turnover ratio increases, the frequency with which it is selling its inventory decreases

Business

1)As a company's inventory turnover ratio increases, the frequency with which it is selling its inventory decreases. True or False?

2)The main benefit of the LIFO inventory method is tax savings. True or False?

3)Net purchases" is calculated by taking the cost of new inventory purchases plus freight-in minus purchase discounts minus purchase returns and allowances. True or False?

4)Which of the following sales transactions is eligible for recognizing the gain under the installment method (assuming the terms of the sale meet the definition of an installment sale)?

a. A sale of land

b. A sale of inventory

c. A sale of equipment where the gain is due to depreciation recapture

d. A sale of marketable securities

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