Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1.A company has 8,200 in net sales, $1,100 in gross profit, $2,500 in ending inventory and $2,000 in beginning inventory. The company's cost of goods sold is:
2. Assigning LCM to the items that make up the inventory at the end of the accounting period is an application of which of the following concepts.
a. Materiality,
b Conservatism,
c Reliability,
d Full disclosure
3. Net sales minus estimated gross profit yields the estimated?
a. ending inventory
b. beginning inventory
c. gross profit
d. cost of goods.
4.In order to pay the least income tax possible in periods of rising inventory costs, the company should use which of the following inventory costing methods.
a. FILO
b. LIFO
c. Average cost
d. income statement after gross profit
5. A method of valuing inventory based on the assumption that the oldest goods will be sold first is.
a. LIFO method
b. average cost method
c. specific cost method
d. FIFO method.
dodge incorporated acquires 15 of gates corporation on january 1 2013 for 105000 when the book value of gates was
kelsey who is a head of household with one dependent had agi of 315000 for 2011. she incurred the following expenses
if a company liquidates, which investment has priority? what if you had preferred stock?
At December 31, 2011 and 2012, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2011, dividends in arrears on the preferred stock were $8,000...
assume two firms want to borrow money from the bank for period of one year. firm a has excellent credit whereas firm bs
Richards makes cash contributions of $35,000 to charitable organizations. What is Richards Corporation's charitable contribution deduction for the current year?
Jan dies in 2009 owning a passive activity with an adjusted basis of $60,000. Its fair market value at that date is $65,000. Suspended losses relating to the property were $15,000. Which of the following statements is true?
Determine the balance sheet inventory carrying value at December 31, 2013, assuming the LCM rule is applied to individual products.
On the basis of the material and labor cost estimates originally compiled with the Plant Manager's help, should you recommend that the product be producedat Avery or purchased from Marley? Show your calculations.
panarude airfreightis an international air freight hauler with more than 45 jet aircraft operating in the united states
Which of the following industries would most likely have joint costs in production?
ross company manufactures mountain bikes that sells for 650 each. its variable cost ratio is 45 with fixed cost
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd