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3 years ago

The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2015.

Business

1 answer:

pishuonlain [190]3 years ago

4 0

Answer:

See explanation section

Explanation:

See the images to get the answer

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The process of asset transformation refers to the conversion of:_______

kondaur [170]

Answer: c. Risky assets into safer assets

Explanation:

The process of asset transformation refers to the conversion of risky assets into safer assets. Asset transformationa is simply a form of transformation in which financial institutions like banks use deposits in the generation of revenue through the pooling deposits in order to make loans. It has to do with transforming bank liabilities into bank assets.

6 0

3 years ago

Peter Company acquired 75 percent of Sally Company on January 1, 2019 for $712,500. During 2019, Sally purchased inventory for $

dezoksy [38]

Answer:

Journal entry to eliminate Sale to Peter Company

Debit : Sales Revenue (Sally Company ) $50,000

Credit : Cost of Sales (Peter Company) $50,000

Explanation:

Peter Company and Sally Company are in a group and Peter Company is the Parent whilst Sally Company is the subsidiary.

For 2019 Eliminate an Intragroup Transactions that occur between Peter Company and Sally Company.

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2 years ago

A small craft store located in a kiosk expects to generate annual cash flows of $6,800 for the next three years. At the end of t

Dafna11 [192]

Answer:

The monetary value is $24,201.23

Explanation:

Giving the following information:

Cash flows:

Year 1= $6,800

Year 2= 6,800

Year 3= 6,800

Year 4= $15,000.

The discount rate is 15 percent.

We need to discount each cash flow to the present value:

PV= FV/(1+i)^n

Year 1= 6,800/1.15= 5,913.04

Year 2= 6,800/1.15^2= 5,141.78

Year 3= 6,800/1.15^3= 4,471.11

Year 4= 15,000/ 1.15^4= 8,576.30

Total= $24,201.23

6 0

3 years ago

Even if your family can pay the full amount of attending college, filling out the Free Application for Federal Student Aid (FAFS

Olegator [25]

I believe the answer is D

4 0

2 years ago

Read 2 more answers

Value Electronics Company started its operations on January 1, 2019. Value engages in buying and selling different types of ele

Sladkaya [172]

Answer:

The correct answer is A. purchase inventory from vendors

Explanation:

The inventory is a detailed, orderly and valued relationship of the elements that make up the assets of a company or person at a given time. In the past, it was normal for inventories to be carried out by physical means (they were written on paper), but now they are usually kept in databases centrally to an entire company, even if there are companies or small stores that continue doing so with paper.

The inventory is:

detailed because the characteristics of each of the elements that make up the heritage are specified.
ordered because it groups the assets in their corresponding accounts and the accounts in their assets.
valued because the value of each asset is expressed in monetary units.

5 0

3 years ago