Business, 01.04.2020 20:44 dianamachado14
Discuss the accounting principle or concept that is most relevant to this situation. Representational Faithfulness is the reason to account for inventory using the lower of cost or market. Conservatism directs accountants to( A ) is the reason to account for inventory using ( B ) ( C ) directs accountants to report inventory at the most realistic and transparent amount.(A) Consistency principle/ Disclosure principle/ Materiality principle/ Representational faithfulness(B) Average cost/ First in, first out/ Last in, first out/ The lower of cost or market(C) Conservatism/ Consistency/ Disclosure/ Materiality/ Representational faithfulness
Answers: 1
Business, 21.06.2019 15:20, Chrisis9987
The beginning inventory is expected to be 2,000 cases. expected sales are 10,000 cases, and the company wishes to begin the next period with an inventory of 1,000 cases. the number of cases the company must purchase during the month is multiple choice 9,000 cases. 10,000 cases. 11,000 cases. 13,000 cases.
Answers: 1
Business, 23.06.2019 09:50, mmczora22
For the year, uptowne furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. the depreciation expense was $56,100 and the tax rate was 34 percent. at the beginning of the year, the firm had retained earnings of $172,270 and common stock of $260,000. at the end of the year, retained earnings was $158,713 and common stock was $280,000. any tax losses can be used. what is the amount of the dividends paid for the year? a. $6,466 b. $7,566 c. $5,266 d. $6,898 e. $7,066
Answers: 3
Business, 23.06.2019 14:30, Kimmie2019
In a partnership, loans taken out by the general partners are binding on the limited partners. aren't a liability of either the general or limited partners aren't binding on the limited partners. are null and void.
Answers: 1
Business, 23.06.2019 23:00, aide1234564
What is marginal costs and benefits might a tour boat operator consider when deciding whether to purchase a new boat?
Answers: 2
Discuss the accounting principle or concept that is most relevant to this situation. Representationa...
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