Business, 17.12.2019 00:31 samantha9430

As of december 31, year 2, a company has an inventory item that was originally purchased for $80 in year 1. the inventory item was written down to its net realizable value of $60 as of december 31, year 1. as of december 31, year 2, the inventory item had a net realizable value of $75 and a replacement cost of $65. normal profit margins for this company are 20%. under ifrs, what is the carrying amount of the inventory item as of december 31, year 2?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:10

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Answers: 3

Answer

Business, 22.06.2019 08:30

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9

Answers: 2

Answer

Business, 22.06.2019 23:10

Jake and janelle loved to prepare gourmet meals for friends and family. they started a business of preparing theme-type dinners for friends who were having parties. to generate even more interest in the business, janelle created on her website. she posted pictures of events, and close-ups of the food they served. she encouraged patrons and others to post reviews, comments, and favorite recipes, and to share their own party ideas. her promotion became a dialogue between buyers of her service and the business. interactive promotion infomercials product placement broadcast

Answers: 2

Answer

Business, 22.06.2019 23:40

8. problems and applications q8there are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: consumers' willingness to payyvette: $35cho: $15sean: $45bob: $25firms' costsfirm a: $40firm b: $20firm c: $10firm d: $30each firm has the capacity to produce only one haircut.for should be given.which businesses should cut hair? check all that apply.firm afirm bfirm cfirm dwhich consumers should have their hair cut? check all that apply.bobchoseanyvettethe maximum possible total surplus is

Answers: 3

Answer

You know the right answer?

As of december 31, year 2, a company has an inventory item that was originally purchased for $80 in...

Questions