Finished goods consist of completed unsold goods which have not been sold to customers.
<h3>What is Finished goods?</h3>
Finished goods refer to completed goods or product that have pass through all the manufacturing process and completed they but have not be sold to the intending consumers.
They are completed processed products.
Therefore, Finished goods consist of completed unsold goods which have not been sold to customers.
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Answer:
A. It is the rate for each day that is worked.
Answer:
The answer to this question is, it depends on the motive for the dissolution.
Explanation:
Partnerships can be very rewarding. Yet they are the most unstable of all the legal personalities which can be created for the purpose of for-profit operations or not-for-profit operations.
The dissolution of a partnership can happen for any of the following reasons:
- Bankruptcy
- Change in business practices
- Death
- Partner negligence
- Poor cash flow and
- Retirement
If a person maliciously deploys any of the scenarios as an excuse to dissolve the partnership, then it becomes unethical. This, of course is difficult to prove. A very unethical case would be to dissolve a partnership a partnership, make away with business secrets to start another. If this is discovered and can be proven, the aggrieved party may seek redress in the law court.
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Answer:
$3000 increase in accumulated other comprehensive income in equity section in the balance sheet.
$3000 increase in Available for sale investments in non current assets section of the balance sheet.
Explanation:
Available for sale investments are those financial assets which are purchased by the entity with intention to sell it before its maturity.Available for sale investments are measured at the fair value, and any subsequent changes in the fair value of Available for sale investment is recorded in the following manner:
In this Case, the carter company shall initially record the 10,000 shares of Tonya Corp. stock at $35,000 in the Non current assets section of the balance sheet.
The increase of $3000(38000-35000) in fair value of stock shall be included in the accumulated other comprehensive income in the equity section of the balance sheet while the available for sale investment included in the Non-current assets section of balance sheet shall also be increased by $3000.
Answer:
$3,424
Explanation:
Calculation for What is the service cost to be included in the current year's postretirement benefit expense
Service cost=December 31 $ 68,480*1/20 years
Service cost=$3,424
Therefore the service cost to be included in the current year's postretirement benefit expense will be $3,424