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lina2011 [118]
2 years ago
8

Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities

account. During the period the Company paid $10,000 to purchase marketable securities. If the Company reported a gain on the sale of marketable securities of $1,000 the amount of the cash inflow from the sale of securities is
A. $7,000.
B. $6,000.
C. $5,000.
D. None of the answers is correct.
Business
1 answer:
algol [13]2 years ago
8 0
B I think sorry if wrong :/
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The correct answer is option A.

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5 0
3 years ago
Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $159,000 due on
vodomira [7]

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Explanation:

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× Implicit rate 12%

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4 0
3 years ago
On July 1, the inventory of at Barnett Shoes was $60,000. Because of anticipated back-to-school sales, the owner wants to have a
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required purchase             83,500

Explanation:

The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.

cost of inventory sales for July:

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beginning inventory        <u>    (60,000)   </u>

  required purchase             83,500

4 0
4 years ago
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