Answer:
Inventory should be increased (debited) by $3,500.
Explanation:
According to the IAS 2, the inventory value should be lower of historical cost or net realizable value
The historical cost is $12,000
And, the net realizable value is
= $9,000 - $500
= $8,500
Since as we can see the lower value is $8,500 but due to increase in realizable value, the historical cost would remain the same i.e $12,000
So the inventory should be increased or debited by $3,500 i.e
= $12,000 - $8,500
= $3,500
Answer:
It is more likely to be the balance sheet of a property and casualty insurance company.
Explanation:
Answer:
Find the difference of 67.2 and 23.9.
Explanation:
The artistic recycling of existing images is an aspect of post-modernism.
The markup percentage tells you how much money a business makes off each sale. If Dani is selling products with a higher mark up, this means she makes more money off each dollar of sales. In this case, you would expect Dani's profit margins to increase due to the increased markup percentage.
