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Yuri [45]
2 years ago
6

Sophia is considering an ultimate career as a construction manager in Los Angeles, California. The

Business
1 answer:
lara31 [8.8K]2 years ago
6 0

Answer:

84.85

Explanation:

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Which of the following items should be included in a company's inventory at the balance sheet date? A) Goods sold to a customer
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Answer:

The correct answer is C.

Explanation:

In the inventory of a company, when it is on the balance sheet date, goods in transit purchased at an f.o.b. shipping point must be included.

Goods in transit are goods that are not physically in the warehouse but have already been paid for by the company. This already acquired merchandise is property of the company, only that its arrival is only waited for to the deposit.

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The Baldwin company currently has the following balances on their balance sheet: Assets $180,506 Common Stock $11,365 Retained e
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Answer:

The total liabilities for the next year amount to 37163 $.

Explanation:

To calculate the liability we will use the simple equation given below.

Asset-equity=liability

Assets-RE=Liability

                        Current year      Change*        Next Year

Assets                  180,506.00    29,506.00        151,000.00  

Common Stock   (11,365.00)         0               (11,365.00)

Retain Earning  (92,472.00)  (10,000.00)      (102,472.00)

Liability- BaL figure   76,669.00                           37,163.00  

   

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Hence balancing figure that is 37,163 dollars is liabilty for next year,  

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