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VLD [36.1K]
3 years ago
9

Inventory records for Dunbar Incorporated revealed the following:

Business
1 answer:
svlad2 [7]3 years ago
8 0

Answer:

Cost of goods sold assuming LIFO would be $474

Explanation:

Date Q U.cost Cost Sold Inventory Cost

april 1 530 2,37       1256,1 330          200 474

apri 20 310 2,5           775 310               0  0

                           640  

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Answer:

D.

Explanation:

The Federal Reserve achieve these goals by Raising and lowering short term interest rates. This monetary policy stimulates the economy. Taxation and government spending are also done in form of fiscal policies. Minimum wage is tool used raise the standard of living in USA. hence the correct answer to the question is  D) Raising and lowering short-term interest rates

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4 years ago
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Darell Hair​ Stylists's adjusted trial balance and statement of​ owner's equity follow.
il63 [147K]

Answer:

Total Assets = Total Liabilities and Stockholder's Equity = $20,200

Explanation:

An unclassified balance sheet is a type of balance sheet that does not present assets and liabilities under different categories. It only presents all assets in order of liquidity and liabilities in order of the shortness of their terms.

This can be prepared for this question as follows:

Darell Hair​ Stylists

Unclassifed Balance Sheet

At December 31​, 2018

<u>Particulars                                                       Amount ($)         </u>

Cash                                                                     1,000

Accounts Receivable                                            900

Office Supplies                                                      600

Equipment                                                         19,700

Accumulated Dep. - Equipment                     <u>  (2,000)  </u>

Total Assets                                                     <u>  20,200  </u>

Accounts Payable                                                 900

Interest Payable                                                    550

Notes Payable                                                    3,400

Common Stock                                                 10,650

Retained Earnings, Dec. 31, 2018                  <u>   4,700  </u>

Total Liabilities and Stockholder's Equity   <u>  20,200 </u>

Since Total Assets and Total Liabilities and Stockholder's Equity as it is normally required, that indicates that the unclasified balance sheet has been prepared accurately.

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