The correct option is "higher".
<span>During a period of rising prices, FIFO provides the higher net income figures and during the period of falling prices, LIFO provides the higher net income figures.
FIFO stands for first in, first out.
LIFO stands for last in, first out.</span>
September 19, 2020 because that is when the cake successfully delivered
Answer:
Gogo Inc. and Mrs. Mill
The Income that Mrs. Mill must recognize in the year of exercise is:
= $23,100
Explanation:
a) Data and Calculations:
Options given to Mrs. Mill = 10,000 shares of Gogo stock
Exercise price of the options = $8 per share
Period of option exercise = 5 years
Selling price of shares at grant date = $7.87
Selling price of shares at exercise date = $10.31
Compensation expense recorded by Gogo = $26,700
Cost of options to Mrs. Mill = $80,000 (10,000 * $8)
Income that Mrs. Mill must recognize in the year of exercise = $23,100 ($10.31 - $8) * 10,000
Incomplete. Here are the options;
A. information asymmetry
B. information assurance
C. information reliability
D. information asset
E. social networking
Answer:
A. information asymmetry
Explanation:
The concept of Information asymmetry involves a situation where one party in a relationship <em>has more or better information than the other party.</em>
In this case, there exists a party with more (additional) information than the other, hence it is a good example of information asymmetry.
