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AfilCa [17]
3 years ago
8

Suppose that XYZ2 shop Company recorded as a purchase certain goods that it purchased account, with the term FOB shipping point

and counted them in ending inventory before being received. The effect on the financial position is? UN: understated, NO: NO effect, and OV: overstated 1 Cost of goods sold 5. Retained earnings 2. Account payable 3. Purchases No ecsect 7. Working capital 4. Ending inventory 8. Current ratio 6. Net income​
Business
1 answer:
xxMikexx [17]3 years ago
3 0

Answer:

77

Explanation:

76

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Jack has claim while Jill didn't have.

Explanation:

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Answer:

AAA = (8000)

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Explanation:

-----------------AAA-------- stock basis---------AEP

Beg. Bal--- 2000 - - - - 10,000 - - - - - - 6,000

Distribution (2000) - - - - (2000) - - - - - (4000)

Balance - - - 0 - - - - - - - 8000 - - - - - - 2000

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ENDING BALANCE :

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AEP = 2000

Beg. bal = beginning balance

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