misty, inc. had 22,000 units of ending inventory that were recorded at the cost of $ 6.00 per unit using the fifo method. the current replacement cost is $ 4.25 per unit. what amounts would be reported as ending merchandise inventory on the balance sheet using the lower-of-cost-or-market rule?
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Business, 21.06.2019 22:40
Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000
Answers: 3
Business, 22.06.2019 10:30
Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is
Answers: 2
Business, 22.06.2019 12:00
Describe the three different ways the argument section of a cover letter can be formatted
Answers: 1
misty, inc. had 22,000 units of ending inventory that were recorded at the cost of $ 6.00 per unit u...
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