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Answer:
the ending inventory using the LIFO method is $1,225
Explanation:
The computation of the value of the inventory using the LIFO method is shown below;
Since there are 196 closing units
So,
= 146 units × $6 + 49 units × $7
= $882 + $343
= $1,225
The $6 come from
= $882 ÷ 147 units
And, $7 comes from
= $1,372 ÷ 196 units
Hence, the ending inventory using the LIFO method is $1,225
<span>This is absolute poverty. This is the state of being where the daily needs of a person or family are not being met, even after completing a day's work. This is in relation to relative poverty, which is based on the standards of living in a certain country. Absolute poverty is the standard at which anyone in any part of the world would be unable to meet their basic food and housing needs.</span>
Answer:
Dividends - <em>Statement of Changes in Retained Earning</em>
Dividends are payments to shareholders from a company's net income. They are derived from the Statement of Changes in Retained Earning because this is where Net Income is sent to. After they are deducted from Retained Earnings, the Earnings form part of Equity.
Differed Revenue - <em>Balance Sheet</em>
Differed Revenue refers to money that was received from a customer or client for goods and/or services that have not yet been delivered. The business will treat them as a liability until they are delivered so they will go under Current Liabilities in the Balance Sheet assuming they are to be fulfilled in 12 months or less which is usually the case.
Service Revenue - <em>Income Statement</em>
These are revenue that the business earns for providing a service when their main source of revenue is by selling goods. It is listed in the Income Statement just after Revenue and is added to Revenue to get Total Revenue.
Answer:
Explanation:
First we need to calculate the expected spot rates for the next 5 years using IRP....
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