Answer: A - $8,046
Explanation: Inventory valuation using the specific identification method is a method used in getting the actual stock cost at their specific purchase price at a specified time during the year.
Jan - 11 units @129 =1,419
Feb - 13 units @139 = 1,807
May - 6 units @149 = 894
Sept - 13 units @159= 2,067
Nov - 11 units @ 169= 1,859
Total = $8,046
Answer:
c. in rem jurisdiction.
Explanation:
Jurisdiction is defined as the power or authority to decide legal cases.
Jurisdiction refers to the practical authority granted to a legal body to administer justice within a defined field of responsibility.
Federal jurisdiction refers to the legal scope of the government's powers in the U.S.A.
In rem jurisdiction refers to the power a court that it may exercise over property against a person over whom the court does not have in personam jurisdiction.
Indiana has <u>in rem jurisdiction.</u>
Answer:
Dr Unrealized Holding $32,760
Cr Estimated Liabilities $32,760
Explanation:
Preparation of What entry would you make on December 31, 2020, to recognize these facts
Based on the information given the Joi entry you would make on December 31, 2020, to recognize these facts will be :
December 31, 2020
Dr Unrealized Holding $32,760
Cr Estimated Liabilities $32,760
($367,600-$334,840)
Weapons and household items
