Curtis Auto Parts takes inventory annually. Beginning inventory for the year was $247,000 . Ending inventory for the year was $230,000 . Compute the average inventory for Curtis Auto Parts
$238,500
You might also like to view...
At the conclusion of the performance review process, Peter felt that the feedback he received was intimidating. He got the sense that those providing feedback on his performance had ganged up on him, and he felt a great deal of resentment towards them. It is most likely, based on this outcome, that Peter had what type of performance evaluation?
A. Mixed-standard B. Forced choice C. 360-degree D. Behavior observation
A judge in a civil case could overturn a verdict of a jury in response to a motion
a. to dismiss. b. for stare decisis. c. for judgment on the pleadings. d. for a judgment notwithstanding the verdict.
Company P holds 70 percent of the voting shares of Company S. During 20X8, Company S sold land with a book value of $125,000 to Company P for $150,000. Company P continues to hold the land at the end of the year. The companies file separate tax returns and are subject to a 40 percent tax rate. Assume that Company P uses the fully adjusted equity method in accounting for its investment in Company S.Based on the information given, which consolidating entry relating to the intercorporate sale of land is to be entered in the consolidation worksheet prepared at the end of 20X8? A)Deferred Tax Asset10,000 Income Tax Expense 10,000 B)Deferred Tax Asset25,000 Income Tax Expense 25,000 C)Deferred Tax Asset25,000 Land 25,000 D)No consolidating entry is required.
A. Option A B. Option B C. Option C D. Option D
The defining characteristic of local public goods is
a. congestion. b. fixed geographic location. c. simultaneous consumption. d. identical consumers.