3 years ago

The single-step income statement emphasizes

Business

1 answer:

lana [24]3 years ago

7 0

I believe the answer is A
Hope this helps have a great day!

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Melbourne Company uses the perpetual inventory method. Melbourne purchased 500 units of inventory that cost $4.00 each. At a lat

ra1l [238]

Answer:

$1,200

Explanation:

Calculation to determine what the amount of ending inventory appearing on the balance sheet will be:

First step is to determine the units in ending inventory

Units in ending inventory=500 units + 600 units – 800 units sold

Units in ending inventory= 300

Now let determine the Ending inventory

Ending inventory=300 units x $4.00

Ending inventory = $1,200

Therefore the amount of ending inventory appearing on the balance sheet will be:$1,200

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3 years ago

Despite their differences, with which proposition are two economists chosen at random most likely to agree? having a single inco

Tpy6a [65]

I believe the answer is <span>rent ceilings reduce the quantity and quality of available housing
Rent ceiling refers tot he maximum amount of Rent Payment that could be used in a certain area.
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3 years ago

Please help!!!!!!!

lina2011 [118]

Answer: B

Explanation:

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3 years ago

In a(n) ________ marketing channel, several independent members each attempt to satisfy their own objectives and maximize their

grin007 [14]

Answer:

idk

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3 years ago

On July 1, 2021, Clearwater Inc. purchased 9,300 shares of the outstanding common stock of Mountain Corporation at a cost of $21

il63 [147K]

Answer and Explanation:

1. The journal entry is given below:

Investment in Mountain $213,000

To Cash $213,000

(Being the original investment is recorded)

Here the investment is debited as it increased the assets and credited the cash as it decreased the assets

The goodwill is

Purchase price $213,000

Less : Fair value of assets purchased (30%of $660,000) $198,000

Goodwill Purchased (difference) $15,000

Cash (30% × $11,700) $3,510

To Investment in Mountain $3,510

(being cash is recorded)

Investment in Mountain (30% 17,700) $5,310

To Investment Revenue $5,310

(Being investment is recorded)

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3 years ago