The following balances were reported by Sparky Co. at December 31, 20x2 and 20x1: December 31, 20x2 December 31, 20x1 Inventory $260,000 $290,000 Accounts Payable 75,000 50,000 Accrued Expenses 5,000 15,000 Sparky paid suppliers $490,000 during the year ended December 31, 20x2. What amount should Sparky report for Cost of Goods Sold in 20x2

$435,000

Explanation:

The first step is to calculate the purchases that was made

= $50,000 + $490,000 - $75,000

= $540,000-$75,000

= $465,000

Therefore the cost of goods sold can be calculated as follows

Cost of goods + ending inventory = beginning inventory + purchase.

Cost of goods + $290,000= $260,000 + $465,000

Cost of goods + $290,000=$725,000

Cost of goods sold = $725,000-$290,000

= $435,000

Hence the cost of goods sold in 20x2 is $435,000

answers

a: apartment building

b: bank

d: office.

hope it

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.