Hello, your correct answer is,
<span>C) Tree branch breaks your bedroom window during a storm.
Hope I helped, tell me if I'm wrong!
</span>
Answer: $237070
Explanation:
The amount that Novak should report as its December 31 inventory will be:
Inventory in hand = $190,000
Add: Goods bought from Pelzer Corporation = $25,170
Add: Cost of goods sold to Alvarez Company = $21900
Total = $237070
The amount that Novak should report as its December 31 inventory will be $237070
Answer:
$31,000
Explanation:
decrease in accounts receivable = $1,000
Sales = $30,000
Cash collected from customers = Sales plus decrease in accounts receivables
= $30,000 + $1000
= $31,000
The decrease in account receivables represents the collection of cash from a customer. If sales amount to $30,000, all must have been collected in cash hence no amount was outstanding to increase receivables. Hence the addition of the two items gives the cash collected from customers.
Answer:
correct option is a. Land
Explanation:
given data
land costing = $400,000
subsidiary 2017 = $450,000
land credit = $50,000
solution
While when we consolidating land that will appear in the group asset at the amount of 450,000.
so here the appreciation in the value of land is not realized gain .
so that there will be credit to land with 50,000
so correct option is a. Land
Ideally;
Inventory = Cost of raw materials + Cost of finished goods + Cost of work-in-progress
Assuming this ideal case, Harlan's inventory would be;
Inventory = $14,000+$25,000+$18,600 = $57,600
However, if work-in-progress inventory was listed as $0;
Then, the new work-in-progress would be;
Inventory = 57,600-18,600 = $39,000
This would reduce the inventory for Harlan Enterprises which may affect other financial ratios such as inventory turn-over ratio. As a result, such ratios will not reflect the exact position of the company.
