Business, 20.04.2021 16:50 muravyevaarina
C Co. reported a retained earnings balance of $380,000 at December 31, 2020. In September 2021, C determined that insurance premiums of $63,000 for the three-year period beginning January 1, 2020, had been paid and fully expensed in 2020. C has a 20% income tax rate. What amount should C report as adjusted beginning retained earnings in its 2021 statement of retained earnings
Answers: 1
Business, 22.06.2019 16:10
Waterway companyβs record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.
Answers: 2
Business, 22.06.2019 20:50
Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.
Answers: 2
Business, 23.06.2019 02:30
Complete electronics inc. sells a point-of-sale computer with a two-year service contract. complete collects $ 2 comma 500 cash for the selling price of the computer and $ 576 for the two-year service contract. how is revenue recognized?
Answers: 2
Business, 23.06.2019 03:10
Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. statement consumer surplus producer surplus neither a local store was having a sale on textbooks, so i bought a used textbook for my brother. i sold a watch for $61, even though i was willing to go as low as $55 in order to sell it. even though i was willing to pay up to $116 for a used laptop, i bought a used laptop for only $110.
Answers: 1
C Co. reported a retained earnings balance of $380,000 at December 31, 2020. In September 2021, C de...
Mathematics, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Social Studies, 11.09.2020 08:01
German, 11.09.2020 08:01
Physics, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Social Studies, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Biology, 11.09.2020 08:01
Biology, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Chemistry, 11.09.2020 08:01
Mathematics, 11.09.2020 08:01
Social Studies, 11.09.2020 08:01