Answer:
$360,000
Explanation:
Last in first out (LIFO) is a method used in inventory where the cost of most recently purchased goods is the one to be expensed first. Also current losses are the first to be reported.
An inventory loss incurred in a quarter must not be deferred, but recorded as items within an interim must be reported in the same period they were incurred, unless it can be redeemed before the end of the fiscal year. It is not considered a temporary item.
The loss reported in May will be reported for that quarter in June.
Answer:
C) Capital market instruments include both long-term debt and common stocks.
Explanation:
Capital market instruments include several types of financial instruments like stocks, bonds, US securities, foreign exchange, etc.
Since these financial instruments are basically debt and equity instruments, they are called securities. So another term used to refer to capital markets is the securities market. Capital markets are divided into two main classifications: primary markets where recently issued securities are traded, and secondary markets where investors trade previously acquired securities.
Answer:
Fraud Investigators Inc.
Date Particulars Debit Credit
31 Mar Accounts Receivable $ 17,000
Service Revenue $ 17000
On March 31, 10 customers were billed for detection services totaling $17,000
31 October Bad Debts $1100 Dr.
Allowance for Doubtful Debts $ 1100 Cr
When Allowance for Doubtful Debts is created .
<em>At the year end this adjusting entry would be passed . This is an adjusting entry and is not passed on 31st October. It is recorded on the year end.</em>
<em> Allowance for Doubtful Debts $ 1100 Dr.</em>
<em> Accounts Receivable $ 1100 Cr</em>
<em />
<em />
Dec 15 Allowance for Doubtful Debts $ 720 Dr
Bad Debts $ 720 Cr
Recovery Of Bad Debts
<em />
Dec 31 Bad debts $ 420 Dr
Allowance for Doubtful Debts $ 420 Cr
On December 31, $420 of bad debts were estimated and recorded for the year
Kant's theory is a universal ethical principle and they are typically organized around the notion of a categorical imperative.
<h3>What is
Kant's theory?</h3>
Kant's theory of ethics can be defined as a universal ethical principle which states that an individual should respect the humanity in others always, and they should always act in accordance with rules that holds for everyone only.
<h3>What are ethics?</h3>
Ethics can be defined as a set of both written and unwritten principles, values or rules of moral conduct that guides and governs human behaviors. It's a reflection that is typically based on identifying what is good or bad, right or wrong and just or unjust with respect to human behaviors.
Read more on ethics here: brainly.com/question/24277955
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Complete Question?
What is Kant's theory?
Answer:
The three major macroeconomic goals of an economy should be economic growth, low unemployment/full employment, and low inflation rates. Economic growth occurs when an economy ‘increases its ability to produce goods and services’
Explanation:
