Question
Google, accumlates the following cost and market data at 12/31/xx. Product Cost Market 12 GB memory cards $53,000 $45,000 Camera mounts 28,000 27,000 waterproof camera
Google, accumlates the following cost and market data at 12/31/xx.
Product Cost Market
12 GB memory cards $53,000 $45,000
Camera mounts 28,000 27,000
waterproof camera covers 14,000 21,000
Camera light assembly 6,000 8,000
total 101,000
A. What, if any, is the amount of the lower cost or market adjustment?
B. What are the journal entry to record the adjustment?
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Handbook Of Principles Of Organizational Behavior Indispensable Knowledge For Evidence Based Management
Authors: Edwin Locke
2nd Edition
0470740941, 978-0470740941
