Business, 19.11.2019 03:31 paige5horses2000
Ace company is a manufacturer of electrical appliances. the following transaction occurred near ace company’sdecember 31 fiscal year-end date: a packing case containing products costing $10,000 was found in ace's branch office warehouse when the physicalinventory count was taken on december 31. the case was labeled: "hold for shipping to customer on january 5." theshipping documents show that the sale to ace’s customer is 'fob shipping."for the preparation of ace’s december 31 financial statements, which of the following is correct? (a) the packing case should not be included in ace’s december 31 inventory balance. ace should recognize a sale inrespect ofthe inventory’s selling price.(b) the packing case should be included in ace’s december 31 inventory. ace should recognize a sale in respect of theinventory’s selling price.(c) the packing case should be included in ace's december 31 inventory. ace should not recognize a sale in respect of theinventory’s selling price.(d) the packing case should not be included in ace’s december 31 inventory. ace should not recognize a sale in respect ofthe inventory‘s selling price.
Answers: 1
Business, 22.06.2019 01:30
Juwana was turned down for a car loan by a local credit union she thought her credit was good what should her first step be
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Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?
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Business, 22.06.2019 13:10
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
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Ace company is a manufacturer of electrical appliances. the following transaction occurred near ace...
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