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Xelga [282]
4 years ago
13

Angus Company agreed to sell goods for Longhorn Company on consignment, but wasn't willing to take ownership of the goods in cas

e they were difficult to sell. Which of the following statements is true?
A. Angus owns the inventory and should report It on its balance snoot.
B. Long hum owns the inventory but should not report it on its balance sheet because Angus actually holds the inventory
C. Angus owns the inventory since possession is nineteenths of the law. but should not report it on its balance sheet.
D. Longhorn owns the inventory and should report it on its balance sheet.
Business
1 answer:
vladimir2022 [97]4 years ago
3 0

Answer: D. Longhorn owns the inventory and should report it on its balance sheet.

Explanation:

Goods to be sold on consignment for a company means a company is selling goods for another company and will be paid for their services.

In that case, the company being sold for will retain the ownership of the goods because the company that is selling it for them is simply providing a service.

Angus in this scenario are simply holding the goods to sell it and so do not own the goods. Longhorn should therefore record it in their own books as inventory.

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Financial economists prefer to use market values rather than book values when measuring debt ratios because market values are:__
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Financial economists prefer to use market values rather than book values when measuring debt ratios because market values are a better reflection of current value than historical value. the correct answer is option(b).

Market capitalization is frequently used to refer to market value, which is the price an asset commands on the market. Because they depend on a variety of variables, including the physical working environment, the overall state of the economy, and the dynamics of supply and demand, market values are dynamic in nature.

An asset's book value is determined by the balance in its balance sheet account. Asset values are determined by subtracting any depreciation, amortization, or impairment expenses from the asset's initial cost.

Since market value includes profitability, intangibles, and potential for future growth, it typically exceeds book value for a company. The net asset value investors receive when they purchase shares is measured using book value per share.

The complete question is:

Financial economists prefer to use market values when measuring debt ratios because:

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  3. market values are readily available and do not have to be calculated like book values.
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  5. None of these.

To know more about  market values refer to: brainly.com/question/19131751

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3. Enzo is starting his very first job soon. The HR director tells Enzo that the first week will be his
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Employee Onboarding is used to describe the processes in which new hires are integrated into the organization.

This processes  involves activities that allow new employees to complete an initial new-hire orientation process, as well as learn about the organization and its structure, culture, vision, mission and values.

Usually, this onboarding process begins  from the first day a new employee resumes in an organization

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Luba_88 [7]

Hi

I believe you forgot coal because that's the answer. I took the test. Good Luck!

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