In the Spotlight on Small Business box titled,"What's Coming and Going at the College Bookstore?" the passage explained that accounting for profits may differ,depending upon___________________.
A)the accounting method used to calculate overhead expenses.
B)the accounting method used to calculate the cost of inventory.
C)price and volume.
D)the company's tax bracket.

Question

Quizplus · Accepted Answer

The passage explains that accounting for profits may differ depending on the accounting method used to calculate the cost of inventory, as different methods can lead to variations in reported profits.

In the Spotlight on Small Business Box Titled,"What's Coming and Going