The possible price.

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Answer 1

Question

Chapter 3, Problem 3.80DC

1.

To determine

To Calculate: The possible price.

2.

To determine

To Calculate: The amount of stockholders’ equity on June 30.

3.

To determine

To state: The amount should be offered to the Incorporation GA.

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Solve ths quation Accounting question

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The inventory of 3t Company on December 31, 2014, consists of the following items: Part No. Quantity Cost per Unit Cost to Replace per Unit 110 650 $ 135 $ 150 111 1,040 90 78 112 540 120 114 113 220 255 270 120 500 308 312 121* 1,600 24 21 122 390 360 353 (* - Part No. 121 is obsolete and has a realizable value of $0.75 each as scrap) a. Determine the inventory as of December 31, 2014, by the lower-of- cost-or-market method, applying this method directly to each item.

Answer 2

Question

Chapter 3, Problem 3.80DC

1.

To determine

To Calculate: The possible price.

2.

To determine

To Calculate: The amount of stockholders’ equity on June 30.

3.

To determine

To state: The amount should be offered to the Incorporation GA.

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Answer 3

Question

Chapter 3, Problem 3.80DC

1.

To determine

To Calculate: The possible price.

2.

To determine

To Calculate: The amount of stockholders’ equity on June 30.

3.

To determine

To state: The amount should be offered to the Incorporation GA.

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Answer 4

Question

Chapter 3, Problem 3.80DC

1.

To determine

To Calculate: The possible price.

2.

To determine

To Calculate: The amount of stockholders’ equity on June 30.

3.

To determine

To state: The amount should be offered to the Incorporation GA.

Expert Solution & Answer

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Answer 5

Chapter 3, Problem 3.80DC

1.

To determine

To Calculate: The possible price.

2.

To determine

To Calculate: The amount of stockholders’ equity on June 30.

3.

To determine

To state: The amount should be offered to the Incorporation GA.

Answer 6

Chapter 3, Problem 3.80DC

1.

To determine

To Calculate: The possible price.

Answer 7

Chapter 3, Problem 3.80DC

1.

To determine

To Calculate: The possible price.

Answer 8

2.

To determine

To Calculate: The amount of stockholders’ equity on June 30.

Answer 9

2.

To determine

To Calculate: The amount of stockholders’ equity on June 30.

Answer 10

3.

To determine

To state: The amount should be offered to the Incorporation GA.

Answer 11

3.

To determine

To state: The amount should be offered to the Incorporation GA.

Answer 12

Expert Solution & Answer

Answer 13

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Answer 14

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Answer 15

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The possible price.

Solution Summary: The author concludes that the price based on stockholders' equity is 308,000. Incorporation GA should offer the amount between 225,000 and 240,000.

To Calculate: The possible price.

To Calculate: The amount of stockholders’ equity on June 30.

To state: The amount should be offered to the Incorporation GA.

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Chapter 3 Solutions