Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 22 Jul 2017 My Price 3.00

item of stock

An item of stock is purchased for £1,500. The sales price was £2,000 but as the item has now been superseded it can only be sold for a discounted price of £1,350. The scrap value of the item is £1,100. To sell or scrap the stock will involve transport costs of £100. The value of the stock for Statement of Financial Position purposes is:

a. £1,500

b. £1,350

c. £1,250

d. £1,000

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Jul 2017 07:07 PM My Price 3.00

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