windeur Co. purdiad cyuipmenL fu ao.uD wlist a alimslad lu hurs e uaclul ile uf 10 yeara wilh sulvugu vulus uf s0.SUD J its cnd ol dul ime. U.presialian hea bean enterud fa / yuara sa a altuiplit line buaia In 201, il i dela minsd thul dis lutal cimulud ils alvuli b. 15 yuara wth a aivaje value .400t and at that time. (a) Presere the entry e anyi to comest the orior vears deprer arion. ьх (Credit account titles are automatically indented when amount is anhered. De nat indent manusaly. If no entry i required, seinct "Na Entry" for the account tvtles and enter O for the amounts.) Nu. ALLount Tlka and txplanaioI Debt Crudt (a Cick if o u hke to shaw Work fur ts n e Slan ak

windeur Co. purdiad cyuipmenL fu ao.uD wlist a alimslad lu hurs e uaclul ile uf 10 yeara wilh sulvugu vulus uf s0.SUD J its cnd ol dul ime. U.presialian hea bean enterud fa / yuara sa a altuiplit line buaia In 201, il i dela minsd thul dis lutal cimulud ils alvuli b. 15 yuara wth a aivaje value .400t and at that time. (a) Presere the entry e anyi to comest the orior vears deprer arion. ьх (Credit account titles are automatically indented when amount is anhered. De nat indent manusaly. If no entry i required, seinct "Na Entry" for the account tvtles and enter O for the amounts.) Nu. ALLount Tlka and txplanaioI Debt Crudt (a Cick if o u hke to shaw Work fur ts n e Slan ak

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 18E: Errors During the course of your examination of the financial statements of Burnett Co., a new...

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Gerald company question attahed in ss below thanks for hlp aprpeciatef jrihjhjt iohj51 hi5 i5
Inventory Write-Down Palmquist Company has five different inventory items and applies the inventory valuation rules on an individual item basis. The normal markup on all items is 20% of cost. The following information is obtained from the companys records: Required: 1. Assume that Palmquist uses the FIFO cost flow assumption. Compute the correct inventory value under the lower of cost or net realizable value rule. 2. Assume that Palmquist uses the LIFO cost flow assumption. Compute the correct inventory value under the lower of cost or market rule. 3. Assume that Palmquist uses IFRS. Compute the correct inventory value under the lower of cost or net realizable value rule. 4. Next Level Explain the differences between the inventory valuations reported under IFRS and U.S. GAAP.
TB MC Qu. 6-34 (Algo) For Case (B) above, what is the... Case (A) Case (B) Case (C) Beginning Balance (BB) $ 53,520 $ 32,100 $ 22,600 Ending Balance (EB) ? 28,400 29,200 Transferred In (TI) 183,200 ? 87,100 Transferred Out (TO) 181,400 110,200 ? For Case (B) above, what is the Transferred-In (TI)? Multiple Choice A) $106,500. B) $49,700. C) $170,700. D) $113,900.
Prob. Return (%) B 0.1 40 G 0.2 30 O 0.3 15 L 0.2 2 S 0.2 -12 where B-Bloom,G-Good, O-Ok, L-Level and S- Slump Probability(p(x)) Return(x) (%) x*p(x) x2*p(x) B 0.1 40 0.1*40=4 0.1*402=160 G 0.2 30 0.2*30=6 0.2*302=180 O 0.3 15 0.3*15=4.5 0.3*152=67.5 L 0.2 2 0.2*2=0.4 0.2*22=0.8 S 0.2 -12 0.2*-12=-2.4 0.2*(-12)2=28.8 Expected return==E(x)=∑x*p(x)=4+6+4.5+0.4-2.4 =12.5% Variance of return=E(x2)-[E(x)]2 E(x2)=∑x2p(x)=160+180+67.5+0.8+28.8 = 437.1 Variance= 437.1-(12.5)2 = 280.85 sd of return= 280.85 = 16.76% The expected return on Granny's gold investment is 12.5% The sd of return on Granny's gold investment is 16.76% 1. In your own words, define the two components of total risk? Give examples of both risks.2. How is beta estimated or calculated?
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1 . E u r o D e s i g n s , I n c . , e x p e c t s s a l e s d u r i n g 2 0 1 3 t o r i s e f r o m t h e 2 0 1 2 l e v e l o f $ 3 . 5 m i l l i o n t o $ 3 . 9 mi l l i o n . B e c a u s e o f a s c h e d u l e d l a r g e l oa n p a y m e n t , t h e i n t e r e s t e x p e n s e i n 2 0 1 3 i s e x p e c t e d t o d r o p t o $ 3 2 5 , 0 0 0 . T h e f i r m p l a n s t o i n c r e a s e i t s c a s h d i v i d e n d p a y m e n ts d u r i n g 2 0 1 3 t o $ 3 2 0 , 0 0 0 . T h e c o m p a n y’ s y e a r - e n d 2 0 1 2 i n c o m e s t a t e m e n t f o l l o w s. a . U s e t h e p e r c e n t - o f - s a l e s m e t h o d t o p r e p a r e a 2 0 1 3 p r o f o r m a i n c o m e s t a te m e n t f o r E u r o D e s i g n s , I n c . b . E x p l a i n w h y t h e s t a t e m e n t m a y u n d e r e s t i m a t e t h e c o m…
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