Answer:
$90,000
Explanation:
The reason is that the International Accounting standard IAS 3 Inventories says that the asset must be reported at lower of:
Cost &
Net realizable value
Here the cost is $100,000 and NRV is $90,000, which means that the inventory must be reported at $90,000 which is the lower value.
Answer:
a. customer service strategy
Explanation:
Based on the information provided within the question it can be said that this is all part of the customer service strategy. This is a thought out plan that is implemented in order to handle all customer interactions and provide the best customer experience that is consistent and up to par with the expectations that the customers want. Thus creating a loyal customer base.
Answer:
Explanation:
(A) The preparation of the bank reconciliation statement on July 31, 2017 is presented in the spreadsheet. Kindly find the attachment below:
(B) The journal entries are shown below:
Cash A/c Dr $2,576
To Accounts receivable $,2576
(Being cash is collected)
Bank service charges expense A/c Dr $51
To Cash A/c $51
(Being bank service charges paid)
Answer:
The answer is option A) The false statement among the options provided is:
A preemptive right is never particularly valuable to shareholders with large ownership percentages.
Explanation:
A pre-emptive right enables investors to maintain a proportional level of ownership.
The goal of every investor is to make profit but this goal could be affected if the value of shares they hold is diluted. Hence the need for preemptive rights.
Preemptive right is a protective strategy by shareholders to maintain their share value with the option to buy a proportionate amount of shares if the company wishes to issue additional shares in the future.
Therefore, it is false to say that:
"A preemptive right is never particularly valuable to shareholders with large ownership percentages".