Henri Company Uses the Average-Cost Inventory Method

question 74

Multiple Choice

Henri Company uses the average-cost inventory method. Its 2014 ending inventory was €40,000, but it would have been €60,000 if FIFO had been used. Thus, if FIFO had been used, Henri's income before income taxes would have been

• A) €20,000 greater.
• B) €20,000 less.
• C) the same.
• D) not determinable without the tax rate.

---

Definitions:

T Score

A statistical measure used in osteoporosis diagnosis, comparing an individual's bone density to the average peak bone density of a healthy young adult.

Bone Density

The amount of mineral matter per square centimeter of bones, used as an indication of osteoporosis and fracture risk.

High-Frequency Sound Waves

Sounds beyond the range of human hearing used in medical imaging and treatments.

Myocardial Perfusion

The flow of blood to the heart muscle, which is vital for its function and health.