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1.The new, turn-around management team at AJ's Pizza intentionally overestimates significantly the amount of its write-downs of assets in order to record a nonrecurring loss in a period of already depressed income. What is this behavior called?

2.The average cost inventory costing method is used by Hanover, Inc. Sales are $100,000, the number of units available for sale is 200, the number of units sold during the period is 150, and the average cost of the goods available for sale is $400 each. How much is gross profit for the company?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9800693

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