Answer:
Blue Spruce report as its December 31 inventory is $285,000
Explanation:
Correct inventory
= 229,500 + goods purchased FOB shipping point 30,000 + goods sold FOB destination 25,500
= 229,500 + 30,000 + 25,500
= 285,000
 
        
             
        
        
        
To get this answer you can simply move the decimal over one. 
Or you can multiple 5.30 *0.10 = 0.53
So you can then subtract 0.53 from 5.30 to get the answer of:
$4.77
        
                    
             
        
        
        
Answer:
$400 .Since inventory is valued at cost or market value(current replacement cost) whichever is lower .
Therefore value of inventory : $400*8=$3200
Explanation:
 
        
                    
             
        
        
        
Answer:
Explanation:
Situation                                                            Type	Logic
During the audit, a customer with a large A/R balance at year end declares bankruptcy	Type 1 Facts were available on balance sheet date
a lawsuit…...thereafter	Type 1 Facts were available on balance sheet date
A flood damages….after year end	Type 2 Facts were not available on balance sheet date
Conditions that….after the balance sheet date	Type 2 Facts were not available on balance sheet date
Additional evidence….balance sheet date	Type 1 Facts were available on balance sheet date
 
        
             
        
        
        
a.  a discount of 2 percent will be allowed if the invoice is paid within 10 days of the invoice date.
So for example if the bill is $100 "2/10 net 30" and you pay within 10 days, you get a 20 cent discount and the balance is $9.80. If you pay in 30 days, the full 10 dollars is due.