Question
Cost of goods sold for Richie Corporation during 2020 was $480,000. Beginning inventory was $165,000 and ending inventory was $195,000. Beginning accounts payable was $61.500
Cost of goods sold for Richie Corporation during 2020 was $480,000. Beginning inventory was $165,000 and ending inventory was $195,000. Beginning accounts payable was $61.500 and ending accounts payable was $72,000. How much cash was paid to suppliers during 2020? OA. $499,500 OB. $520,000 OC. $480,000 OD. $510,000 Partridge Company provides the following information for the year 2020. Net income Market price of common shares $32.600 $2.00/share Dividends paid-common shares $0.10/share Dividends paid-preferred shares $1.00/share Preferred shares outstanding at December 31, 2020 20,000 shares 150,000 shares Common shares outstanding at December 31, 2020 Note: There were no new preferred shares issued in 2020; 60,000 common shares were issued on September 30, 2020. How much was the earnings per share for 20207 Round to the nearest cent OA. $0.08 OB. $0.30 OC. $0.12 D. $0.22 The numbers in the financial statements under Accounting Standards for Private Enterprises (ASPE) and International Financial Reporting standards (IFRS) wil usually differ, the procedures for analyzing the relationships among the reported numbers OA. is significantly different OB. might be different, depending on the ratio OC. will also usually differ OD. remains unchanged
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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