Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 04, 2024

at year end the kitchen shop has a refridgerator that has been use as a demonostration model the refrigerator cost 375 sells for 550 when

at year end the kitchen shop has a refridgerator that has been use as a demonostration model the refrigerator cost 375 sells for 550 when new in its present condition the refrigerator will be sold for 330 related selling costs are an estimated 15 at what amount should the refrigerator be carried in inventory

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

2. Give one example of each: A common resource dilemma and a public goods dilemma.

Answered: 1 week ago

Question

★★★★★

New Horizons Co. is a high-tech firm whose owner does not have the required management expertise to run the firm. The owner wants to hire a manager with the required expertise. The continued success...

Answered: 1 week ago

Question

★★★★★

Javonnie Vic Common law is not applicable to auditor liability. Select one: True O False Certainty : OC=1 (Unsure: 80%) Providing the audit report on time when the engagement letter states a specific...

Answered: 1 week ago

Question

★★★★★

Metropolis Health Systems Laboratory Director expects to purchase a new piece of equipment. The assumptions for the transaction are as follows: Average annual net income = $70,000 Original investment...

Answered: 1 week ago

Question

★★★★★

A firm repurchases 10 percent of its outstanding common stock. What is the effect of this treasury stock transaction? O The common stock shares will be permanently retired. O Its debt-to-total...

Answered: 1 week ago

Question

★★★★★

You're working with a data source that has all of its data on a single Excel worksheet and its structure has multiple sub-tables. Which is the best way to get this data ready for analysis

Answered: 1 week ago

Question

★★★★★

Nagy Corporation reported the following income statement in 20X1, along with a comparable income statement for 20X0, its first year of operations: Income Statement, 20X1 and 20X0 ($ in millions)...

Answered: 1 week ago

Question

★★★★★

Performance of Buffet's investments. One of the stocks owned by BRK is Coca-Cola (KO) (Apparently Buffett drank five cans of Chery Coke each day!), which Buffett purchased on January 1, 1988 for...

Answered: 1 week ago

Question

★★★★★

Your employer is a social media company. According to office gossip, the company's nonexecutive chairman has not filed individual tax returns for many years. Would this matter be included within the...

Answered: 1 week ago

Previous Question Next Question