elsauceomotho
26.02.2020 •
Business
Jones company is preparing the annual financial statements dated december 31 of the current year. ending inventory information about the five major items stocked for regular sale follows: ending inventory, current year item quantity on hand unit cost when acquired (fifo) net realizable value (market) at year-end a 50 $ 15 $ 12 b 80 30 40 c 10 48 52 d 70 25 30 e 350 10 5 required: compute the valuation that should be used for the current year ending inventory using the lcm rule applied on an item-by-item basis.
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Ответ:
$26,100
Explanation:
Shareholders' equity = Total asset - Total liability
Shareholders' equity = (3,400 + 32,500) - (2,900 + 6,900)
Shareholders' equity = 35,900 - 9,800
Shareholders' equity = 26,100
Hence, the value of the shareholders equity is $26,100