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!
Question - Information with respect to GMA Company's cost of goods sold for 2020 is:
Units
Historical Cost
Inventory-January 1
10,000
530,000
Purchases
45,000
2,790,000
Goods Available for sale
55,000
3,320,000
Inventory - December 31
(15,000)
(945,000)
Cost of goods sold
40,000
2,375,000
GMA estimates that the current cost per unit of inventory was P58 on January 1, 2020 and P72 on December 31, 2020.
1. In the statement of financial position restated to current cost, what amount should be reported as inventory on December 31, 2020?
2. What is the unrealized holding gain on inventory on December 31, 2020? 135,000 prove the answer.
3. In the current cost income statement for 2020, what is the realized holding gain? 225,000 prove the answer.
If the contract has an interest rate of 5.6% compounded quarterly, how much money does Albert's son owe Albert if owed 10.25 three months ago?
If the correlation between the returns of security F and security G is 0.50, what is the standard deviation of the portfolio described in part (a)
Alessandro reads in an Italian newspaper that the European economy is heading into a deflationary period, and the ECB is using different stimulus strategies.
Rachel Company used leases as a method of selling products. Based on the information of Rachel Company how much is the interest income for the current year?
Calculate the required sample size. Adam William wishes to use mean-per-unit sampling to evaluate the reasonableness of the book value
Find what dollar amount should be credited to Allowance for Uncollectible Accounts at year end? Uncollectible Accounts had a credit balance of 6,000.
Advise the client of their current tax obligations, and that any advice that they may receive from taxation authorities is to be followed.
Prepare the journal entry to record the issuance of the bonds. On October 1, 2016, Kristal Corp. issued $700,000, 5%, 10-year bonds at face value
Assignment - Capital Budgeting Practice Problems - Use the ARR method to decide which of the three POS systems would be the best investment
Juliette and Jason, If, the very next day, the price of ABC shares drops 20% to $4 per share, what is the new LVR using Juliette's strategy?
During a typical sales call, Josie takes the customers' current orders for phones, cases, Are Josie sales subject to the Oklahoma corporate income tax
A 25% chance of producing a 8% return, and a 25% chance of producing a 16% return. What is DONRIC's expected value of return
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