Nix'It Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nix'lt uses the perpetual inventory system).Merchandise inventory $ 45,800 Sales returns and allowances $ 4,900T. Nix, Capital 131,300 Cost of goods sold 109,800T. Nix, Withdrawals 7,000 Depreciation expense 11,900Sales 162,600 Salaries expense 40,500Sales discounts 4,500 Miscellaneous expenses 5,000A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $43,850Record the entry to close temporary revenue and account with a credit balance.

What sources about ecuador should you consult to obtain cultural information about this country that will need to be included in your cultural map?

Which of the following is intended to demonstrate to an employer the importance of cooperating with workers? a. a collective agreement. b. a stock offer. c. a boost in production. d. a work slowdown. 2b2t

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.