Answer:
$21
Explanation:
As we know that
The inventory should be recorded in the books of accounts by applying the lower value of cost or net realizable value
In the given case
The cost is $23
And, the net realizable value is
= Expected selling price - selling cost
= $36 - $15
= $21
So by comparing the cost and net realizable value, the net realizable value contains the lower value i.e $21 and the same is recorded on the balance sheet for inventory
Answer:
D
Explanation:
Invoices are documents that convey purchases.
<u>Answer: </u>This discuss would be best placed within the section of the prospectus known as the management section.
<u>Explanation:</u>
The management section in the prospectus has the information regarding the management team biography and the key people in the company. The board's role in risk oversight is through developing policies to build strategies that are consistent with risk ability of the X Company.
Enterprise risk management is a strategy that helps is preventing the company from any hazards. ERM has its effect on the operations of the company so the Board plays a major role in managing ERM.
T's impossible to determine whether lowering costs or increasing revenue is more important across the board for all companies. There are too many factors that can influence the answer for a given company, in a given market or in a given economy. A specific marketing focus may be the key to financial stability and steadily increasing profits.<span>
</span>
Answer:
a. $36,000
Explanation:
Since the total payment is $7,000 which is reduced to $3,000 because of child
The $4,000 reflects the payment of the child. This $4,000 is come from
= $7,000 - $3,000
= $4,000
So, only $3,000 for 12 months would be allowed as a deduction from gross income
So, the total amount for deduction would be
= $3,000 × 12 months
= $36,000
