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Question - Vaughn Manufacturing took a physical inventory on December 31 and determined that goods costing $216,000 were on hand. Not included in the physical count were $30,000 of goods purchased from Tamarisk, Inc., FOB, shipping point, and $21,500 of goods sold to Sheffield Corp. for $32,000, FOB destination. Both the Tamarisk purchase and the Sheffield sale were in transit at year-end. What amount should Vaughn report as its December 31 inventory?
In answering the following questions, choose either property, plant and equipment or financial assets- With reference to the article discuss whether assets should be measured at historical cost or fair value
bob created mno inc. several years ago and has owned all 10 outstanding shares of mno inc. since the creation of mno
1.advance ticket sales totaling 6000000 cash would be recognized as followsa debit cash credit revenue payable.b
Are MNEs Global Investments? Firms with operations and assets across the globe, true MNEs, are in many ways as international in composition as the most.
On January 1, 2016, Sandhill Corporation granted 11,000 options to key executives. Make the necessary journal entries related to the stock option plan
Locate the annual report (10K) of a publicly traded company. Discuss the types of long-term assets on the books that could potentially be used to pay off the long-term debts. Is this company in a position to pay off all their long-term debts with ..
For the years 2010 to 2017 an individual made annual contributions of $5,000 to their tax-free savings account (TFSA). In 2018 they made a contribution.
Brain files a single tax return and decides to itemize his deductions. What is Bob's actual deduction for miscellaneous itemized deductions
How do trading securities relate to cash and cash equivalents, What is an unrealized gain or loss
fred oatly is the loan officer of national bank of dallas. national has a loan of 260000 outstanding to regional
What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
The market value of the common stock at the date of the conversion was $30 per share. What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?
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