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Molodets [167]
3 years ago
10

Ivers Co. holds $30,000 of available-for-sale securities. Ivers intends to hold these securities for three years. Ivers should r

eport these securities as a(n) ________ on the balance sheet.
Business
1 answer:
bekas [8.4K]3 years ago
4 0

Answer:

long term assets

Explanation:

hope this helps :)

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You have been given the following information for Nicole's Neckties Corp.: Net sales = $2,500,000; Cost of goods sold = $1,300,0
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Answer:

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Explanation:

Net sales :                 $2,500,000

Cost of goods sold :  ($1,300,000)

Gross profit :              $ 1,200,000

Interest expense :          ($50,000)

Net profit :                  $ 1, 150,000

Retained earning:         ($30,000)

Dividends paid :           ($300,000)

Tax at 40%: =40% * $1,150,000

                                      ($460,000)

Depreciation expense : $360,000

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