XYZ Company provided the following information for the year 20X4:
Accounts Payable balance at the beginning of 20X4: $25,000
Accounts Payable balance at the end of 20X4: $41,000
Inventory balance at the beginning of 20X4: $16,000
Inventory balance at the end of 20X4: $30,000
Cost of Goods Sold recorded in 20X4: $66,000
All inventory purchases during the period were on account.
Given the above information, determine the about of cash paid to suppliers in the year 20X4.
Answers: 1
Business, 21.06.2019 22:50
Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.
Answers: 1
Business, 22.06.2019 03:00
Which of the following is not a consideration when determining your asset allocation
Answers: 3
Business, 22.06.2019 16:40
Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.
Answers: 1
XYZ Company provided the following information for the year 20X4:
Accounts Payable balance at the...
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