Mariah Company has inventory at the end of the year with a historical cost of $88,000, Mariah Company uses the perpetual inventory system Under the LCM rule, the current replacement cost is $72.600 The company uses LIFO Under US GAAP the pum entry to record the write- down to LCM will: O A. debit Cost of Goods Sold for $15,400 and credit Purchases for $15,400 OB. debit Cost of Goods Sold for $15,400 and credit Inventory for $15,400. OC. debit Inventory for $15,400 and credit Cost of Goods Sold for $15,400. O D. debit Purchases for $15,400 and credit Cost of Goods Sold for $15,400.

Mariah Company has inventory at the end of the year with a historical cost of $88,000, Mariah Company uses the perpetual inventory system Under the LCM rule, the current replacement cost is $72.600 The company uses LIFO Under US GAAP the pum entry to record the write- down to LCM will: O A. debit Cost of Goods Sold for $15,400 and credit Purchases for $15,400 OB. debit Cost of Goods Sold for $15,400 and credit Inventory for $15,400. OC. debit Inventory for $15,400 and credit Cost of Goods Sold for $15,400. O D. debit Purchases for $15,400 and credit Cost of Goods Sold for $15,400.

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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%24 2 Project: Company Accour X DZL. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea x Cengage Learning +| x ow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator3&inprogress%3Dfalse eBook Show Me How Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $40,964 $41,800 Long-term debt 45,594 44,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable Decrease Increase Long-term debt Check My Work Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages. Previous Check My Work 3:12 PM dp SU prt sc 144 114
5 X100 ry https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld-5829202317504197666520360810&eISBN=97... A S CENGAGE | MINDTAP I Chapter 4 Assignment Maria is a divorce attorney who practices law in San Francisco. She wants to join the American Divorce Lawyers Association (ADLA), a professional organization for divorce attorneys. The membership dues for the ADLA are $500 per year and must be paid at the beginning of each year. For instance, membership dues for the first year are paid today, and dues for the second year are payable one year from today. However, the ADLA also has an option for members to buy a lifetime membership today for $4,500 and never have to pay annual membership dues. Obviously, the lifetime membership isn't a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it it's a great deal. Suppose that the appropriate annual interest rate is 8.5%. O 13 years O 15 years What is the minimum number of years that…
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Question list O Question 1 O Question 2 O Question 3 O Question 4 More Info N 1 2 3 4 5 6 7 8 9 10 To Find F Given P FIP 1.1200 1.2544 1.4049 1.5735 1.7623 1.9738 2.2107 2.4760 2.7731 3.1058 K 0.8929 0,7972 0.7118 0.6355 0.5674 0.5066 0.4523 0.4039 Most likely estimates for a project are as follows. 0.3606 0.3220 To Find P Given F PIF Choose the correct choice below. Determine whether the statement "This project (based upon the most likely estimates) is profitable." is true or false. ✔Click the icon to view the relationship between the PW and the percent change in parameter. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 12% per year False O True To Find F Given A FIA 1.0000 2.1200 3.3744 4.7793 6.3528 8.1152 10.0890 12.2997 14.7757 17.5487 To Find P Given A PIA 0.8929 1.6901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 To Find A Given F AIF 1.0000 04717 0.2963 0.2092 0.1574 0.1232 0.0991 0.0813 0.0877 0.0570 To Find A Given P…
red Question 11 4) Listen Use the graphs below to categorize the statements to describe either Graph A or Graph B. 3 Graph A Graph B 0 #12 " 3/2 2x 0 */2 3/2 2 -1 T graph a graph b Add an answer item! Add an answer item! Answer Bank amplitude = 1 midline is y=3 f(x)= cos(x)+3 amplitude =3 f(x)=3sin(x)+1 midline is y=1 All Change
On January 1, 2025, Blossom Company has the following defined benefit pension plan balances. Projected benefit obligation $4,454,000 Fair value of plan assets 4,140,000 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2026, the company amends its pension agreement so that prior service costs of $509,000 are created. Other data related to the pension plan are as follows. 2025 2026 Service cost $149,000 $177,000 Prior service cost amortization -0- 92,000 Contributions (funding) to the plan 237,000 283,000 Benefits paid 196,000 274,000 Actual return on plan assets 248,400 260,000 Expected rate of return on assets 6% 8% (a) Prepare a pension worksheet for the pension plan for 2025 and 2026. (Enter all amounts as positive.) BLOSSOM COMPANY Pension Worksheet-2025 and 2026 General Journal Entries OCI-Prior Service Cost OCI-Gain/ Pel Loss
1 2 m 4n 07 9. White 9 A Talk S Aint Ia O ENG 10 O Annota S Annota SAnnota M Recibic I Downl ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 台☆* + Facebook 6 Student Center Bb Blackboard WhatsApp Ggrammarly unemployment > |国Readi Maps Zoom Mark Turney owns Creative Corners. He does his banking at United Federal Bank (UFB) in Tucson, Arizona. The amounts in his general ledger for payroll taxes and the employee's withholding of Social Security, Medicare, and federal income tax as of April 15 of the current year show the following: Social Security tax payable (employer and employee), $3,020; Medicare tax payable (employer and employee), $734; FUTA tax payable, $84; SSUTA tax payable, $414; and Employees income tax payable, $4,622. Journalize the payment of the Form 941 deposit to UFB and the payment of the SUTA tax to the State of Arizona as of April 15, 20--. If an amount box does not require an entry, leave it blank. Page: POST. DATE DESCRIPTION…
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