Business, 20.03.2020 11:04 texaslady36
During 2021, Colorado Co. stock was sold for $10,010. The fair value of the stock on December 31, 2021, was Clemson Corp. stock—$19,290; Buffaloes Co. stock—$20,800. None of the equity investments result in significant influence.(a) Prepare the adjusting journal entry needed on December 31, 2020.(b) Prepare the journal entry to record the sale of the Colorado Co. stock during 2021.(c) Prepare the adjusting journal entry needed on December 31, 2021.
Answers: 3
Business, 22.06.2019 13:50, veronica25681
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
Answers: 2
Business, 22.06.2019 19:40, jair512872
Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?
Answers: 1
During 2021, Colorado Co. stock was sold for $10,010. The fair value of the stock on December 31, 20...
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