The balance of the Cost of Goods Sold account at the end of the year represents: Select one: A. The cost of inventory sold in the current year. B. The total sales revenue to customers. C. Total purchases of inventory for the year. D. The cost of inventory not sold in the current year.
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Business, 23.06.2019 09:30
When gathering information about certain occupations, be sure to understand how you are paid. what is the difference between a salary and an hourly wage?
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Business, 23.06.2019 16:00
On january 1, 2018, wetick optometrists leased diagnostic equipment from southern corp. which had purchased the equipment at a cost of $2,256,342. the lease agreement specifies six annual payments of $490,000 beginning january 1, 2018, the beginning of the lease, and at each december 31 thereafter through 2022. the six-year lease term ending december 31, 2023 (a year after the final payment), is equal to the estimated useful life of the equipment. the contract specifies that lease payments for each year will increase on the basis of the increase in the consumer price index for the year just ended. thus, the first payment will be $490,000, and the second and subsequent payments might be different. the cpi at the beginning of the lease is 120. southern routinely acquires diagnostic equipment for lease to other firms. the interest rate in these financing arrangements is 12%. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) prepare the appropriate journal entries for wetick and southern to record the lease at its beginning.
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Business, 23.06.2019 23:30
Which organization is a provision of the 1990 farm bill which landowners protect environmentally important forestlands from development?
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Business, 24.06.2019 01:00
Attainment of company goals in both an effective and efficient manner through planning, organizing, leading, and controlling is called
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The balance of the Cost of Goods Sold account at the end of the year represents: Select one: A. The...
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