Deep Dive into Profit-Sharing Plans: Phantom Stock
Phantom revenue can be sometimes referred to as “phantom income.” While phantom revenue isn’t essentially a standard incidence, it can complicate the method of tax planning when it does occur. During declining costs of raw supplies, LIFO technique makes COGS lower and increase Gross Profit. This is strictly not because of LIFO liquidation however it nevertheless makes the profit looks larger than if the company had employed FIFO method. When making inventory investments, you will need to look out [...]