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:

Chevy Vehicles

A range of automobiles manufactured by Chevrolet, an American automobile division of the General Motors Company, known for their durability, performance, and American heritage.

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