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question 1 question 2 question 3 THANKS in ADVANCE Which should be included in C Company's physical inventory count at year-end (December 31)? A) Goods
question 1
Which should be included in C Company's physical inventory count at year-end (December 31)? A) Goods in transit to ABC Co., FOB destination B) Goods that ABC Co. is holding on consignment for XYZ Company C) Goods ABC Co. Reeves is holding in inventory on March 31 for which the related Accounts Payable is 15 days past due D) Goods in transit that Reeves has sold to Smith Company, FOB shipping point The maturity value of a $60,000,9%,40-day promissory note dated July 3 is A) $65,400. B) $60,000. C) $60,600. D) $66,000. C Company borrowed $150,000 from Second Bank on October 1, signing a 3-month, $150,000,4% note. What entry should C Company make on December 31 prior to preparing financial statements question 2
question 3
THANKS in ADVANCE
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