The "Least and Latest Rule" Is

question 286

Multiple Choice

The "least and latest rule" is:

• A)that a taxpayer should pay the least tax legally permitted at the latest date allowed.
• B)an inventory management system similar to LIFO,where the least amount of inventory on hand is from the latest purchases from suppliers.
• C)the latest information technology is the least commonly used in accounting practice.
• D)the least competent employees are always the latest to show up for work.

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Definitions:

Temperate Deciduous Forests

Forests located in temperate zones characterized by trees that lose their leaves annually.

Decomposition

The process by which organic substances are broken down into simpler matter, an essential component of nutrient cycling in ecosystems.

Nutrient-poor

Describes soils or ecosystems that lack sufficient quantities of essential nutrients required for plant growth, resulting in limited vegetative productivity.

Broadleaf Trees

Trees characterized by broad, flat leaves that are shed annually, contrast to coniferous or needle-leaved trees.