Borden company paid cash to purchase two identical

Reference no: EM13605555

Borden Company paid cash to purchase two identical inventory items. The first purchase cost $18.00 cash and the second cost $19.00 cash. Borden sold one inventory item for $30.00 cash. Based on this information alone:
1. cash flow from operating activities is $11.50 assuming a weighted average cost flow.
2. cash flow from operating activities is $12.00 assuming a FIFO cost flow.
3. cash flow from operating activities is $11.00 assuming a LIFO cost flow.
4. the amount of cash flow from operating activities is not affected by the cost flow method.

Reference no: EM13605555

Questions Cloud

Harist corporation sold 5000 units in may sales were : harist corporation sold 5000 units in may. sales were 400000 variable expenses were 240000 and fixed expenses were

Detmer holdings ag of zurich switzerland has just : detmer holdings ag of zurich switzerland has just introduced a new fashion watch for which the company is trying to

On january 6 petro co sells merchandise on account to chose : on january 6 petro co. sells merchandise on account to chose inc for 9200 terms 110 n30. on january 16 chose pays the

Oscar corporation produces and sells three products unit : oscar corporation produces and sells three products. unit data concerning each product is shown below. product x y z

Borden company paid cash to purchase two identical : borden company paid cash to purchase two identical inventory items. the first purchase cost 18.00 cash and the second

Convers corporation june 30 year end acquired the following : convers corporation june 30 year end acquired the following assets during the current tax year. ignore 179 expense and

The company pays payroll obligations on february 4th record : the company pays payroll obligations on february 4th. record the payroll obligations of february and write the journal

Jim thome has prepared the following list of statements : jim thome has prepared the following list of statements about bonds.1. bonds are a form of interest-bearing notes

Englehart inc reports the following operating results for : englehart inc. reports the following operating results for the month of august sales 300000 units 5000 variable costs

User Account

All Pages