Answer:
a.$731,09
b. $578.01
C.-$152.07
Explanation: see attached file
Before making an investment, investors look at a company's financial accounts because they believe that bigger profit margins will result in a better return. The company's reputation encourages investors to make risk-free investments with ease.
What is investing?
Buying an asset or thing in the future with the expectation that it will produce income or increase in value is referred to as "investing."
Investors value financial statements because they contain a wealth of information about a company's balance sheet, income statement, and cash flow statement.
Investors pay attention to a company's profit margins since they result in a higher rate of return. The company's annual report from the prior year and goodwill of the company show investor to easily invest without any risk.
As a result, an investor must be interested of the company's financial statements and goodwill.
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Answer:
The correct answer to the following question is that the Syrio's snowboards should debit the cost of goods sold account and credit the inventory account by $5000.
Explanation:
It is given that in the books , the inventory amounts to $24,000 but physically on $19,000 of inventory is present. Which means there is shortage in the inventory , that means the company would have to decrease the amount of inventory in the books. For that they will debit the cost of goods sold account and credit the inventory account by $5000 ( $24,000 - $19,000 ).
Answer:
Blue Company
Consolidation of Parent & Subsidiary Companies :
1. c. $86,000
2. b. $47,000
3. d. $39,000
Explanation:
In preparing a consolidated income statement, Blue Company with controlling interest of 60% will eliminate intercompany transactions, sales, purchases, inventory, and profits. This is because such transactions are assumed to be within the same consolidated entity.
Only such transactions involving outsiders are taken into consideration for the purpose of determining profits and arriving at the financial position of the consolidated group.
Answer: Social Networking
Explanation:
Social networking service which is also referred to as the social networking site is known as an online podium which individual uses in order to build the social networks also referred to as the social relationship with other individual who tend to share the analogous career concerns, activities, history or other connections.