Business, 25.12.2020 17:40 morbidodyssey
As of December 31, 2021, Hillary company has an inventory item that was originally purchased for $80 in 2020. The inventory item was written down to its net realizable value of $60 as of December 31, 2020. As of December 31, 2021, the inventory item had a net realizable value of $75 and a replacement cost of $65. Normal profit margins for Hillary company are 20 percent. Under IFRS, what is the carrying amount of the inventory item as of December 31, 2021
Answers: 2
Another question on Business
Business, 22.06.2019 13:00
The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.
Answers: 3
Business, 22.06.2019 16:30
Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?
Answers: 3
Business, 22.06.2019 22:00
Suppose that with a budget of $110, deborah spends $66 on sushi and $44 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. but then, the price of bagels falls to $1 per bagel.
Answers: 3
You know the right answer?
As of December 31, 2021, Hillary company has an inventory item that was originally purchased for $80...
Questions
Business, 20.09.2019 13:10
Social Studies, 20.09.2019 13:10
Mathematics, 20.09.2019 13:10
History, 20.09.2019 13:10
Physics, 20.09.2019 13:10
Mathematics, 20.09.2019 13:10
History, 20.09.2019 13:10
Mathematics, 20.09.2019 13:10
Business, 20.09.2019 13:10
Mathematics, 20.09.2019 13:10
