On December 31, 2011, Buckeye Corporation Appropriately Changed Its Inventory

question 47

Multiple Choice

On December 31, 2011, Buckeye Corporation appropriately changed its inventory valuation method to FIFO cost from LIFO cost for both financial statement and income tax purposes. The change will result in a $140,000 increase in the beginning inventory at January 1, 2011. Assume a 30 percent income tax rate. The cumulative effect of this accounting change Buckeye for the year ended December 31, 2011, is

• A) $0.
• B) $42,000.
• C) $98,000.
• D) $140,000.

Understand the influence of rotor bar shapes on motor performance characteristics.

Recognize the operational voltage characteristics of various motor types.

Differentiate between synchronous and induction motors.

Calculate typical percent slip in squirrel-cage induction motors.

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Definitions:

Not-for-profit Organizations

Entities that operate for purposes other than generating profit, focusing on serving a public or social cause.

Communications Model

A framework or system that outlines the process of transferring information from a sender to a receiver through various channels and with potential barriers.

Receiver

In communication, the party that interprets or understands the message sent by the sender.

Narrowcast

A broadcasting strategy targeting a specific or niche audience, as opposed to broadcasting to a wider, general audience.