Bramble Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Units Cost per Unit Net Realizable Value per Unit Cameras Minolta 5 $ 173 $ 151 Canon 8 135 156 Light Meters Vivitar 12 120 110 Kodak 11 115 143 What amount should be reported on Bramble Camera Shop’s financial statements, assuming the lower-of-cost-or-net realizable value rule is applied?

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.