Will keep coming. Keep liking and sharing them! You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
Question #15 (last question) Why would ending inventory be lower using LIFO compared to FIFO during a period of inflation? Aren't prices going up causing inventory purchases to increase? I thought the answer should be D.
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
@@AccountingLectures it is correct. 5,600 of accrual basis sales - 1,900 already reflected in cash basis income -1200 of expenses incurred in the period and paid in the next. This will not be reflected in the cash basis income because no cash was paid in January.
studying for my cpa exam this year, you helped me a ton during my accounting undergrad. thanks farhat please keep these videos coming!
Will keep coming. Keep liking and sharing them!
You are most welcome. Please subscribe and share.
If you want to access more resources, check my website: farhatlectures.pathwright.com/library/
Connect with me:
Instagram Account: instagram.com/farhatlectures/
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Twitter: twitter.com/farhatlectures
Email: Mansour.farhat@gmail.com
Did Professor Farhat sounds sick in this video. Thanks for your commitment. Nice job!
You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
✔farhatlectures.com/
✔Instagram: @farhatlectures
✔ Linkedin: www.linkedin.com/in/professorfarhat/
✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
Question #15 (last question) Why would ending inventory be lower using LIFO compared to FIFO during a period of inflation? Aren't prices going up causing inventory purchases to increase? I thought the answer should be D.
Thanks
You are most welcome. Please subscribe and share.
If you want to access more resources, check my website: farhatlectures.pathwright.com/library/
Connect with me:
Instagram Account: instagram.com/farhatlectures/
Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
Twitter: twitter.com/farhatlectures
Email: Mansour.farhat@gmail.com
2nd question answered incorrectly
Please explain your explanation.
@@AccountingLectures it is correct. 5,600 of accrual basis sales - 1,900 already reflected in cash basis income -1200 of expenses incurred in the period and paid in the next. This will not be reflected in the cash basis income because no cash was paid in January.