INTER. ACCOUNTING - CONNECT+ALEKS ACCESS
10th Edition
ISBN: 9781264770335
Author: SPICELAND
Publisher: MCG
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- TNT CORP HAS THE FOLLOWING STOCK OPTION INFORMATION: OPTIONS GRANTED 8,000,000 GRANT DATE 1/1/2018 PAR VALUE/UNIT EXERCISE PRICE VESTING DATE EXPIRATION DATE FV/UNIT OPTION OPTIONS EXERCISED EXERCISE DATE MARKET PRICE 1 21 12/31/2021 12/31/2026 4.55 4,210,000 7/11/2024 36.5arrow_forwardBramble Company determined its ending imventory at cost and at LCNRV at December 31. 2020. December 31, 2021. and December 31. 2022, as shown below. Cost NRV 12/31/20 S667,900 $667,900 12/31/21 724,700 661,500 12/31/22 816,400 745,900 Prepare the journal entries required at December 31. 2021, and at December 31, 2022, assuming that a perpetual inventory system and the cost-of-goods-sold method of adjusting to LCNRV is used. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Ifno entry is required, select "No entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Debit Credit 12/31/21 12/31/22 List of Accounts Prepare the journal entries required at December 31. 2021, and at December 31, 2022. assuming that a perpetual inventory is recorded at cost and reduced to LCNRV using the loss method. (Credit account titles are automatically indented entered. Do not indent manually. If no entry is required,…arrow_forwardPrepare a balance sheet as at 30 June 2019.arrow_forward
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