Explain the Difference Between Implementing the Montreal Protocol and the Kyoto

question 93

Essay

Explain the difference between implementing the Montreal Protocol and the Kyoto Protocol.

Understand the treatment of consignment goods, goods in transit, and returns on inventory counts and financial reporting.

Understand the principles of inventory costing methods (e.g., FIFO, LIFO, average cost, and specific identification).

Calculate gross profit using different inventory costing methods.

Understand the application of perpetual and periodic inventory systems.