To Calculate Economic Value Added,several Adjustments Are Made to After

question 21

Multiple Choice

To calculate economic value added,several adjustments are made to after tax operating profit that include ________ and ________.

• A) the use of LIFO inventory valuation; capitalization of research and development costs
• B) taxes paid rather than tax expense; capitalization of research and development costs
• C) the use of average cost inventory valuation; current costs of fixed assets
• D) the use of LIFO inventory valuation; current costs of fixed assets

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Definitions:

Killing Power

The effectiveness or capability of a substance or action to cause death.

Formaldehyde

A colorless, strong-smelling gas used in various manufacturing processes and as a preservative in medical laboratories.

Germicide

A substance or agent that kills germs, especially pathogenic microorganisms.

Sporicide

An agent specifically formulated to kill spores, which are highly resistant forms of bacteria.