What appears on the balance sheet

Assignment Help Accounting Basics
Reference no: EM133137144

Question - A merchandising concern paid $1,600,000 for inventory. The market value of the inventory is $1,200,000. The net realizable value of the inventory is $1,300,000. The company found a new supplier for similar inventory at $800,000. What appears on the balance sheet?

Reference no: EM133137144

Questions Cloud

Determine the net taxable estate and the estate tax due : Mr. Lago, Filipino, married, died on Nov. 30, 2020. Determine the net taxable estate and the estate tax due
Why you feel they are important to have in this field : Explain why you feel they are important to have in this field. discuss two other skills and why you feel that employers are seeking employees with these skills.
Discuss personal growth strategies : Discuss personal growth strategies that can help you advance in your career. discuss how you think they may be helpful in your career development.
Path on innovation protection or openness : Position how the company has competed in their industry leveraging their path on innovation protection or openness
What appears on the balance sheet : The market value of the inventory is $1,200,000. The net realizable value of the inventory is $1,300,000. What appears on the balance sheet
What is open source software and layered architecture : What is Open Source Software? What is idea behind open source software? what is Layered Architecture? When used?
What is the cash flow from operations : Between Year 1 and Year 2, accounts receivable increased by $4,000 and accounts payable increased by $2,000. What is the cash flow from operations
Evaluating and refining the product in participative manner : Interactive Design involves understanding users, developing prototypes, and evaluating and refining the product in a participative manner"
What is calculation of the average days to sell inventory : A company has the following year-end information: What is the calculation of the average days to sell inventory for Year 2

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.

  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!

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