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Question 1: ABC currently has 40 units at a cost $65 each. ABC has been selling the item at $110 each, however due to competition, ABC has determined that the NRV is now $80 per unit. What amount should 'inventory' be measured at?
Option A. $2,600
Option B. $4,400
Option C. $3,200
Option D. $1,200
Determine The breaking point associated with the exhausting of retained earnings and The points where the cost of debt will increase.
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Selk Steel Co., which began operations on January 4, 2013, had the following subsequent transactions and events in its long- term investments. Selk purchased 60,000 shares (20% of total) of Kildaire’s common stock for $1,560,000.
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This payment included the accrued amount at December 31, plus $2500 for the first few days of January.
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