Entries by Hannah Wangui

On December 31, 2010, Cruise Company has 10,000 units of an inventory item which cost $40 per unit when purchased on June 15, 2010

December 1, 2020 in /by

On December 31, 2010, Cruise Company has 10,000 units of an inventory item which cost $40 per unit when purchased on June 15, 2010. The selling price was $70 per unit. On December 30, 2010, the replacement cost was $42 per unit. At what amount should the 10,000 units of inventory be reported at on […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

balance sheet.

December 1, 2020 in /by

As a result of the acquisition of LittleCorp, BigCorp records $300m of goodwill on its balance sheet. BigCorp amortizes patents over 15 years. What is the amortization of the goodwill over the first full year after the acquisition? A: zero B: 10m C: 20m D: 30m   Looking for a Similar Assignment? Order now and Get 10% […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

This is for a past quiz with answers already posted Accounts receivable: $100,000 debit

December 1, 2020 in /by

This is for a past quiz with answers already posted Accounts receivable: $100,000 debit   Wilson has the following balances on January 1, 2019. Allowance for uncollectible accounts: $15,000 credit During 2019, the following transactions occurred: *Sales of $500,000 on account *Wrote off accounts totaling $40,000 *Collected $473,000 on accounts *Estimated 2019 bad debts to be […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Cranchey Company reported a LIFO ending inventory of $670,000 on its balance sheet at December 31, 2016.

December 1, 2020 in /by

Cranchey Company reported a LIFO ending inventory of $670,000 on its balance sheet at December 31, 2016. Cranchey’s disclosure notes to the financial statements reported that the LIFO Reserve at December 31, 2015 was $32,000 and the LIFO Reserve at December 31, 2016 was $40,000. Which of the following statements is correct for Cranchey Company […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"