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

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:

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.

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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

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
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