Reference no: EM133169573

Question - On January 30, the fiscal year-end date, the company conducted an inventory count that excluded inventory that had been received but was not unpacked onto store shelves. Yet no account payable was recorded for this inventory item what is the result of this if ending inventory is recorded per the inventory count?

C is public company, C sold equipment at the beginning of 2002 and received a 20,000 three year 3% note. Interest is paid at the end of each year the effective interest rate is 8%. What amount would be recorded for the amount of revenue?

Vladimirovich Inc., a public company, is selling a conveyer belt which they have replaced in their factory. The sale meets the conditions for held-for-sale classification. The original cost of the equipment is $420,000 and that accumulated depreciation to date of disuse is $201,000. The broker selling the equipment indicates that the conveyer belt will sell for $201,000 but they will charge a 10% commission on the sale. The value in the Equipment held-for-sale asset account after all appropriate entries have been made is: (Explain answer)