Business Middle School

The bookkeeper for the company has prepared the following balance sheet as at December 31, 2018: Cameron Corp Balance Sheet December 31, 2019 Current Liabilities Long-term Liabilities Shareholders' Equity $.237.500 437,500 494,800 Cash Accounts Receivable (net) Inventories Investments Land Building (net) Copyright (net) $ 40,250 (1) 85,550 (2) 105,000 (3) 60,000 (4) 350,000 (5) 525,000 (6) 4.000 (7) $1.169,800 $1.169.800 The following additional information is provided: 1. The cash balance includes: Petty cash fund Cash advance to employee, payable on demand Saving Account at TD Bank Certificate of deposit (90-days) Chequing account at the Bank of Montreal Bank overdraft at the Scotia Bank Total $ 250 1,000 23,000 10.000 6,750 (750) S_40.250 2. The allowance for doubtful accounts $7,750. 3. - The net realizable value of the inventory that is included in the Balance Sheet is $100,000.- - Inventories do not include $15,000 of merchandise that was in transit at December 31, which was sold to a customer with terms f.o.b. destination. The inventory reached the customer on January 5, 2020 - Inventories also do not include $20,000 inventory that was received by Royale Ltd. for consignment. 4. The investments section includes the following: notes receivable that was issued on September 1st, 2019 bearing interest at 6% and due on August 31, 2020 $20,000; long-term FV-OCI investment $30,000 carrying value (fair value $26,000 at December 31,2019); and FV-NI Investment 500 common shares of Landon Inc. purchased at $10.00 per share (fair value $11.50 per share at December 31,2019). The company expects to sell the FV-NI shares as soon as the market price increases next year. 5. The land balance includes: land used for operations and recorded at its appraised value of $350,000 (the original cost of the land was $275,000). The company uses the historical cost method to account for property, plant & equipment. 6. The building originally cost $750,000. Depreciation for 2019 has already been recorded. 7. The copyright originally cost $10,000 and is being amortized over 5 years on a straight-line basis. Amortization for 2019 had already been recorded. 8. The company borrowed $50,000 from ABC Bank. The bank charges 5% and the loan is due May 1st 2025. As part of the bank loan, ABC Bank required Cameron Corp. to pledge their building as security for the loan (in other words it is the banks collateral). How to do adjustment in Inventories in part (3) and Investment in part (4)?

Answers

Answer 1

Answer:

lolol

Explanation:

Answer 2
What the flip is this on about???!?

Related Questions

8 Time Left:112:35
Which one of the following duties is management's responsibility to ensure food safety?
The elimination of critical control points
The business practices of other restaurants
• Treatment of food-borne illnesses
Preventing infected employees from contaminating food

Answers

Answer:

The answer is Preventing infected employees from contaminating food

Answer: Preventing infected employees from contaminating food

If a customer appears to be unsure about
purchasing an item, what would you do?

Answers

Suggest something to them most likely

Answer:

I compliment the merchandise and highlight it

Explanation:

mention the major jobs of pharmacist​

Answers

Answer:

Pharmacists are responsible for:

ensuring that the supply of medicines is within the law. ensuring that the medicines prescribed to patients are suitable. advising patients about medicines, including how to take them, what reactions may occur and answering patients' questions.

Explanation:

Answer:

prepares medication, dispenses medications by compounding packaging and labeling pharmaceuticals, also co tools and monitors drug therapy

Barnes & Noble and Amazon would be considered a(n) _______ because they sell similar products. Question 4 options: strategic group oligopoly overlapping group customer group

Answers

Answer:

oligopoly

Explanation:

Your answer will be oligopoly

What would you do if you do not have an
item a guest is requesting?

Answers

Simply you explain this issue to the guest and offer them a similar item of their interest. Being polite and respectful is very crucial in this situation.

Hope that helped!!! k

Answer:

You attempt to procure the item (if within your ability); otherwise, inform the guest that you are unable to obtain the item.

Explanation:

In order to please your customer, you need to satisfy their request.  If their request is within your ability to fulfill the obligation, then inform them you will comply with their requests and attempt to procure the item.  If you are unable to satisfy their request, inform the guest that you cannot obtain the item and perhaps help them by showing them how or where they can obtain the item.

Cheers.

Other Questions
Emily's family loves to work together in the garden.They have a slight preference for flowers, as 60\%60%60, percent of their plants are flowers and 40\%40%40, percent are vegetables. They have 505050 plants growing in the garden. How many vegetable plants do they have? Find the first five terms of the sequence of partial sums. (Round your answers to four decimal places.) [infinity] (5)n + 1 n! Caroline just found a term in her book that she does not understand. However, the term was not in her glossary.What resource should Caroline consult?OA. dictionary.computer databaseOC. indexOD. encyclopedia After getting the slide and microscope ready, Stella is eager to see the microscopic pond water specimen! She crouches around her microscope and aligns her eye with the microscopes eyepiece. But she's only able to see a bright white light.. What is the equation of the graph below? TRUE OR FALSE Germany had to reduce its military as a result of losing the Great War and agreeing to the Treaty of Versailles. Its madd easy Im just lazy I rlly dont feel like trying thou :) 10 points!! And give a good answer plss algae's general habitat? From an interactive marketing perspective, ________ is defined as the sum total of the interactions a customer has with a company's website from the initial look at a home page through the entire purchase decision process. Laxman and Virat together can complete a piece of work in 8 days and Laxman alone can complete it in 12 days in how many days would Bharat alone complete the work plz search rhe chemistry project on any topic.. A student says that the function f (x) = x 9 has the x-intercepts (-3,0) and (3,0). Is the student correct? If not, expl.why. Quadratic and Ratios... Solve the triangle. Round your answers to the nearest tenth.A. mA=41, b=11, c=29B. mA=41, b=13, c=25.9C. mA=41, b=10, c=29D. mA=41, b=13, c=29 George is designing ledges for the octagonal ( 8 side ) gazebo. All sides are equal length, and each ledge much be 18 inches shorter then the sides. a: what is the minimum length of wood he should purchase if the perimeter of the gazebo is 64 feet ?b : what as your solution process Write the following as an algebraic expression. Then simplify. The sum of two consecutive odd integers if the first integer is x. For a sample of stomach acid that is 2.02102 M in HCl, how many moles of HCl are in 14.6 mL of the stomach acid? How many kilograms are in 2.5 grams ? Is the sequence {81, 27, 9, 3, 1, } arithmetic or geometric? What is the slope of the line? A. 9/5B. 5/9C. 5/9D. 9/5