Corporations.
Corporations have an independent legal identity, and even though they aren't people they can be sued in court just like an individual person would.
Answer: Perpetual
Explanation:
It is best to use the perpetual transfer method because the medical case files on deceased patient should be transferred immediately seeing as the patient is no longer alive.
Using a periodic transfer method would mean that files are only transferred at certain times even though the patient may have been deceased for some time.
Answer:
Net Income is $65,000.
Explanation:
According to given data
Revenue = $120,000
Expenses = $55,000
Net Income = Revenue - Expesnes
Net Income = $120,000 - $55,000
Net Income = $65,000
Net Income is $65,000.
As net income is calculated using Revnue and Expenses, In the presence of this data we will not consider thae value from the balance sheet.
Ok so all the Characters in the market price or equal to the average individual firm produce but I put on the cost equals
Answer/Explanation:
<u>Raymond Corporation </u>
Inventory $ $
B/F 250,000
Add: Goods shipped to customers
on Dec. 29, 2021 8,000
Goods on consignment Dec. 31, 2021 <u>35,000
</u>
<u>293,000</u>
Less: Goods shipped/in transit on
Dec. 26, 2021 50,000
Goods shipped to customers on
Dec. 29, 2021 <u>8,000</u>
<u>58,000</u> <u>(58,000)
</u>
<u>235,000</u>
Raymond Corporation Inventory as at Dec. 31, 2021.
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