A study on relationship between lower of cost or market and tax
Measuring the value of inventory and cashable assets is one of the issues, which influences on total revenue as well as the amount of tax paid to government. This paper presents an empirical investigation to study the relationship between lower of cost or market (LCM) and tax on 708 selected firms l...
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| Format: | Article |
| Language: | English |
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Growing Science
2014-07-01
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| Series: | Management Science Letters |
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| Online Access: | http://www.growingscience.com/msl/Vol4/msl_2014_175.pdf |
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| _version_ | 1850237374320082944 |
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| author | Hashem Nikoomaram Hamidreza Vakilifard Mohamad Owsati |
| author_facet | Hashem Nikoomaram Hamidreza Vakilifard Mohamad Owsati |
| author_sort | Hashem Nikoomaram |
| collection | DOAJ |
| description | Measuring the value of inventory and cashable assets is one of the issues, which influences on total revenue as well as the amount of tax paid to government. This paper presents an empirical investigation to study the relationship between lower of cost or market (LCM) and tax on 708 selected firms listed on Tehran Stock Exchange over the period 2008-2011. The study uses some statistical tests and determines that the tax can be affected by different methods used to calculate the inventory. In other words, The study applies regression analysis as well as Pearson correlation test and confirms that LCM method influences positively on Tax. This helps revenue agencies pay special attention to various methods used in official financial reports. |
| format | Article |
| id | doaj-art-3463d35dbee64a34adbdeee818ef425e |
| institution | OA Journals |
| issn | 1923-2934 1923-9343 |
| language | English |
| publishDate | 2014-07-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Management Science Letters |
| spelling | doaj-art-3463d35dbee64a34adbdeee818ef425e2025-08-20T02:01:45ZengGrowing ScienceManagement Science Letters1923-29341923-93432014-07-01471459146210.5267/j.msl.2014.6.019A study on relationship between lower of cost or market and taxHashem NikoomaramHamidreza VakilifardMohamad Owsati Measuring the value of inventory and cashable assets is one of the issues, which influences on total revenue as well as the amount of tax paid to government. This paper presents an empirical investigation to study the relationship between lower of cost or market (LCM) and tax on 708 selected firms listed on Tehran Stock Exchange over the period 2008-2011. The study uses some statistical tests and determines that the tax can be affected by different methods used to calculate the inventory. In other words, The study applies regression analysis as well as Pearson correlation test and confirms that LCM method influences positively on Tax. This helps revenue agencies pay special attention to various methods used in official financial reports.http://www.growingscience.com/msl/Vol4/msl_2014_175.pdfLower of cost or marketCurrent assetsTax |
| spellingShingle | Hashem Nikoomaram Hamidreza Vakilifard Mohamad Owsati A study on relationship between lower of cost or market and tax Management Science Letters Lower of cost or market Current assets Tax |
| title | A study on relationship between lower of cost or market and tax |
| title_full | A study on relationship between lower of cost or market and tax |
| title_fullStr | A study on relationship between lower of cost or market and tax |
| title_full_unstemmed | A study on relationship between lower of cost or market and tax |
| title_short | A study on relationship between lower of cost or market and tax |
| title_sort | study on relationship between lower of cost or market and tax |
| topic | Lower of cost or market Current assets Tax |
| url | http://www.growingscience.com/msl/Vol4/msl_2014_175.pdf |
| work_keys_str_mv | AT hashemnikoomaram astudyonrelationshipbetweenlowerofcostormarketandtax AT hamidrezavakilifard astudyonrelationshipbetweenlowerofcostormarketandtax AT mohamadowsati astudyonrelationshipbetweenlowerofcostormarketandtax AT hashemnikoomaram studyonrelationshipbetweenlowerofcostormarketandtax AT hamidrezavakilifard studyonrelationshipbetweenlowerofcostormarketandtax AT mohamadowsati studyonrelationshipbetweenlowerofcostormarketandtax |