User Account

All Pages

What amount should be recorded as accounts payable

Assignment Help Accounting Basics
Reference no: EM133135946

Question - On September 1, Y5, Aylmer Inc signs a purchase commitment to purchase inventory items for $900,000. Aylmer will take delivery of those items in Y6. Aylmer has a December 31 fiscal year and on December 31, Y5, the fair value of the inventory items declined to $432,800. The fair value remained at this low amount until Aylmer took delivery.

What amount should be recorded as Accounts Payable when Aylmer takes delivery of the inventory items?

Reference no: EM133135946

Questions Cloud

Impact of human resource management practices : Review the article entitled "The Impact of Human Resource Management practices on Turnover, Productivity, and Corporate Financial Performance",
Evaluate the principles and guidelines : Policies and codes ensure that all stakeholders involved in sporting environments are informed are informed of their legal and ethical rights and obligations. T
What is meant by reconciliation : What is meant by reconciliation and how can it be useful as an input for staffing planning?
Promote the organisation workforce diversity : The following task is to be demonstrated and assessed in a safe environment where evidence gathered demonstrates consistent performance of typical activities ex
What amount should be recorded as accounts payable : The fair value of the inventory items declined to $432,800. What amount should be recorded as Accounts Payable
Implement the growth strategies of a company : Reflect and analyze the ways to implement the growth strategies of a company and emphasize the implementation of the strategy in products, people and support pr
Understanding of employee and labour relations : The goal of this role play is to deepen the understanding of employee and labour relations from a Human Resources perspective.
Techtonic group builds its own labor supply : Techtonic Group, a software development company based in Boulder, Colorado, originally met its demand for app developers by offshoring the work.
New manager development at valvoline instant oil change : "What advantages does Valvoline's investment in developing entry-level employees to fill management positions give the company compared to a strategy of hiring

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd