Answer:
$600,000
Explanation:
Based on the information given in a situation where the amount of $600,000 was a better estimate than any other amount given in the range by the legal counsel ( Dean) which means that the amount of LIABILITY that Dean should report on its balance sheet at December 31, year 1 in connection with this suit will be the estimated amount of $600,000.
Answer: c. Decline is reversible at the crisis stage, whereas it is irreversible at the dissolution stage.
Explanation: Crisis Stage; at this stage decline is still reversible if the
organisation reorganizes it ways of operations or conducting business. What they can do at this point is to carryout cutbacks and layoffs which would help reduce it's financial burden and create additional capital to run the business. At the dissolution stage nothing can be done anymore to salvage the company as it would have run into bankruptcy and would need to fold up.
The buyers' journey is the process buyers go through to become aware of, evaluate and purchase a new service or product. The journey is divided into three basic stages; which are awareness, consideration and decision stage. In the scenario described above, the buyer is not in any of the stages of the buyer journey.
Answer:
$90,000
Explanation:
The reason is that the International Accounting standard IAS 3 Inventories says that the asset must be reported at lower of:
Cost &
Net realizable value
Here the cost is $100,000 and NRV is $90,000, which means that the inventory must be reported at $90,000 which is the lower value.
Answer:
The answer is $8,180
Explanation:
Balance per general ledger cash at bank account. $9,480
Items in bank statement not in cash book:
Bank service charges. ($50)
NSF check. ($1,250)
Corrected cash at bank $8,180
Balance per bank statement $12,175
Items in general ledger not in bank statement:
Deposit in transit $1,800
Outstanding checks ($5,795)
Corrected balance per bank statement. $8,180