Solve General Accounting hand. How much shrinkage occurred during themonth?a. $2,500b. $48,000c. $4,000d. $43,000

Step 1: Compute the expected ending inventoryBeginning inventory: $526,000Purchases: $52,000COGS:…

Answered: hand. How much shrinkage occurred…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Popper Company acquired 80% of the common stock of Cocker Company on January 1, 2022, when Cocker had the following stockholders' equity accounts. Common stock 40,000 shares outstanding $ 140,000 105,000 476,000 $ 721,000 Additional paid-in capital Retained earnings Total stockholders' equity To acquire this interest in Cocker, Popper paid a total of $682,000 with any excess acquisition date fair value over book value being allocated to goodwill, which has been measured for impairment annually and has not been determined to be impaired as of January 1, 2025. Popper did not pay any premium when it acquired its original interest in Cocker. On January 1, 2025, Cocker reported a net book value of $1,113,000 before the following transactions were conducted. Popper uses the equity method to account for its investment in Cocker, thereby reflecting the change in book value of Cocker. On January 1, 2025, Cocker issued 10,000 additional shares of common stock for $21 per share. Popper did not…
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Which is the right formula for B7 NPV? Year Cash Flows (60,000) 20,000 25.000 30.000 WACC 12:3 7 NPV =NPV(B6,B2:B5) =NPV(B6,B3:B5)-B2 =NPV(B6,B3:B5)+B2 =NPV(B6,B2:B5)+B2 =NPV(B6,B2:B5)-B2
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IF the profit are 50% of operating cost, it is ……………. of invoice price a. 20% b. 25% c. 16.66667% d. 33.33334%
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hand. How much shrinkage occurred during the month? a. $2,500 b. $48,000 c. $4,000 d. $43,000