Business, 29.08.2020 05:01 hannaho8714
Access the FASB Accounting Standards Codification at the FASB website (www. fasb. org). Determine each of the following:
1. The specific seven-digit Codification citation (XXX-XX-XX) that contains discussion of the measurement of ending inventory using the lower of cost or net realizable value (LCNRV) rule and the lower of cost or market (LCM) rule.
2. The specific eight-digit Codification citation (XXX-XX-XX-X) that describes the measurement of the ceiling using the lower of cost or market (LCM) rule.
3. The specific eight-digit Codification citation (XXX-XX-XX-X) that describes the measurement of the floor using the lower of cost or market (LCM) rule.
Answers: 2
Business, 21.06.2019 15:00
In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. the remaining $24,000 was received in cash from customers. the company incurred operating expenses of $16,600. of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. in addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.
Answers: 3
Business, 23.06.2019 02:00
Which type of unemployment would increase if workers lost their jobs because their positions were replaced by an automated process? a) cyclical b) frictional c) international d) structural
Answers: 1
Business, 23.06.2019 02:30
Driving would be more pleasant if we didn't have to put up with the bad habits of other drivers. a newspaper reported the results of a valvoline oil company survey of 500 drivers in which the drivers marked their complaints about other drivers. the top complaints turned out to be tailgating, marked by 24% of the respondents; not using turn signals, marked by 19%; being cut off, marked by 15%; other drivers driving too slowly, marked by 12%; and other drivers being inconsiderate marked by 5%.
Answers: 1
Business, 23.06.2019 02:50
In the market for lock washers, a perfectly competitive market, the current equilibrium price is $5 per box. washer king, one of the many producers of washers, has a daily short-run total cost given by tc = 190 + 0.20q + 0.0025q2, where q measures boxes of washers. washer king's corresponding marginal cost is mc = 0.20 + 0.005q. how many boxes of washers should washer king produce per day to maximize profit?
Answers: 1
Access the FASB Accounting Standards Codification at the FASB website (www. fasb. org). Determine ea...
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