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3 years ago

Help pleaseee!

Business

2 answers:

PSYCHO15rus [73]3 years ago

8 0

The answer is b: reserved requirements

Alika [10]3 years ago

5 0

Answer:

B-reserved requirements

Explanation:

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Customs officials sell imported products in government-owned stores. -True -False

liq [111]

The answer is true.

hope this helped :)

4 0

2 years ago

Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. There were no

mylen [45]

Answer:

True

Explanation:

The net cash flow for the year can be calculated using the following equation:

net cash flow = net income + accounts payable - accounts receivable

net cash flow = $29,500 + $5,400 - $2,500 = $32,400

We have to subtract accounts payable since they were included in the net income but the cash has not been received yet.

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2 years ago

In a business combination in which an acquiring company purchases 100% of the outstanding common stock of another company, if th

spin [16.1K]

Answer:

It will be reported as gain.

Explanation:

If the fair value of the net identifiable assets acquired exceeds the fair value of the consideration given (purchase cost) will be a negative goodwill.

It will be due to "bargain purchase" and the accounting records the "negative goodwill" as a gain in the income statment

4 0

2 years ago

Journalize the following transactions in the accounts of Arizona Interiors Company, a Restaurant Supply Company that uses the al

emmasim [6.3K]

Answer:

May 1

Dr Cost of merchandise sold $9,600

Cr Merchandise inventory $9,600

Aug. 30

Dr cash $2,800

Dr Allowance for doubtful accounts $10,600

Cr accounts receivable-peking palace co $13,400

Dec. 8

Dr Accounts receivable - peking palace co $10,600

Cr Allowance for doubtful accounts $10,600

Explanation:

Preparation of the journal entries in the accounts of Arizona Interiors Company

May 1

Dr Cost of merchandise sold $9,600

Cr Merchandise inventory $9,600

Aug. 30

Dr cash $2,800

Dr Allowance for doubtful accounts $10,600

($13,400-$2,800)

Cr accounts receivable-peking palace co $13,400

Dec. 8

Dr Accounts receivable - peking palace co $10,600

Cr Allowance for doubtful accounts $10,600

6 0

2 years ago

Cullumber Company incurred the following costs while manufacturing its product.

kati45 [8]

Answer:

$328,400

Explanation:

Cost of Goods Manufactured is calculated in Manufacturing Account as follows :

Cost of Goods Manufactured = Beginning Work In Process Inventory + Total Manufacturing Costs - Ending Work In Process Inventory

therefore,

Cost of Goods Manufactured = $13,000 + ($121,000 + $61,000 + $15,000 + $111,000 + $24,000) - $16,600

= $328,400

5 0

2 years ago