Answer:
a. both the cost of the goods sold and the cost of ending inventory.
Explanation:
The physical count is used in the periodic inventory system to calculate the amount of ending inventory. However the cost of goods sold can be derived from using the ending inventory count. Suppose we have ending inventory of 100 units and Purchases were 500 units Also there were no beginning inventory units so the Cost of goods Sold can be calculated as
Cost of Goods Sold= Beginning Inventory Add Purchases Less Ending Inventory
Cost of Goods Sold= 0 + 500- 100= 400
Mark and Riley live in Orlando and decide to open a souvenir shop. They incorporate their shop, Sunshine Gifts, Inc., in the state of Florida. In Florida, Sunshine Gifts would best be characterized as A domestic corporation.
<h3><u>What are domestic corporations ?</u></h3>
- A domestic corporation is a business that operates within its own nation.
- A domestic business may have to pay tariffs or other fees on the goods it imports and is frequently subject to different taxation than a non-domestic firm.
- In most cases, a domestic corporation that has filed its articles of incorporation can readily conduct business in other states or regions of the nation.
To view more questions about domestic corporation, refer to: brainly.com/question/800904
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<span>What Supreme Court decision overturned Plessy v. Ferguson?
</span><span>A. Brown v. Board of Education</span>
Current demographic trends show that the number of dependents that people choose to have is <u>Decreasing</u>.
<h3>What is the trend in dependants?</h3>
A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.
The top reasons for this include more education and increased economic hardship.
Find out more on trends in population growth at brainly.com/question/521129.
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Answer: a. $28,000 $210,000
Explanation:
First column is income and second is Carrying value.
Carrying value is the fair value at year end = $210,000
Income = Dividend received + fair value adjustment
Fair value adjustment = Fair value - cost of shares
= 210,000 - 200,000
= $10,000
Dividend = 45% * 40,000
= $18,000
Income = 18,000 + 10,000
= $28,000
