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Marina86 [1]
3 years ago
14

WILL GIVE BRAINLIEST, TRUE OR FALSE QUESTION

Business
2 answers:
PilotLPTM [1.2K]3 years ago
7 0

Answer:

false

Explanation:

hope this helps

horsena [70]3 years ago
6 0
The answer to this question is false
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I need a sentence with the word carbon offset in it
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As a result of a thorough physical inventory, Horace Company determined that it had inventory worth $320,000 at December 31, 201
zimovet [89]

Answer:

The correct answer is option b) $367,000

Explanation:

Here for calculating the correct amount of inventory that Horace should report can be calculated through, by adding the inventory worth $320,000 at 31 December, 2015 with consignment given to Herschel worth $47,000, SO

Correct amount of inventory =

                        Amount of inventory on 31 December

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= $320,000 + $47,000

= $367,000

Here we are taking Herschel consignment in to account and that too at the historical purchase cost because Horace company has give the Herschel to sell the goods on his behalf but the transfer of ownership has not taken place here , the right to ownership here remains with the Horace and the amount at which they should be recorded is at purchase cost not selling cost.

We will also not include goods worth $ 22,000 in to the calculation because the Horace company has not received the goods physically yet, we will include those goods in to inventory on January 3 not before that.

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3 years ago
Another firm, called Robbem Power & Water, an established public utility company, has been paying dividends for the past 20
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