User Account

All Pages

What respective amounts in the determination of cost of good

Assignment Help Financial Accounting
Reference no: EM132945587

Problem 1: On August 1 of the current year, Slovenia Company recorded purchases of P800,000 and P1,000,000 under credit terms of 2/15, net 30. The payment due on the P800,000 purchase was remitted on August 16. The payment due on the P1,000,000 purchase was remitted on August 31. Under the net method and the gross method, these purchases should be included at what respective amounts in the determination of cost of goods available for sale?

Reference no: EM132945587

Questions Cloud

Policy and procedural documents : What formats might apply to policy and procedural documents and what information should be in them?
Develop an ethical culture : Using the organisational ethics framework designed to createn ethical culture through formal systems, identify the specific and inferred strategies used by the
Develop an income statement : Develop an Income Statement for 20XX, Cash Flow Statement for 20XX, and Balance Sheet based on the data provided below for year 20XX.
Discuss four features of social e-commerce : Discuss four features of social e-commerce that are driving its growth.
What respective amounts in the determination of cost of good : Slovenia Company recorded purchases of P800,000, What respective amounts in the determination of cost of goods available for sale?
Calculate the total assets as of january : Calculate the Total assets as of January. On the January Register worksheet, Determine whether each account in the column headings is an asset, liability
Difference in fdi inflows into the two countries : In 2018, inward FDI accounted for some 63.7 percent of gross fixed capital formation in Vietnam, but only 4.1 percent in Japan (gross fixed capital formation re
Analyze the cost to be billed for a client in normal costing : Elite Stationary employs 20 full-time, Analyze the cost to be billed for a client in a normal costing system when 1,000 professional labor -hours are used?
Mikesbikes advanced strategic plan : Evaluate the value of establishing a long-term strategic plan for your organization.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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