Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 29 Jul 2017 My Price 9.00

Clarke Corporation

A Clarke Corporation subsidiary buys marketable equity securities and inventory on April 1, 2015, for 100,000 pesos each. It pays for both items on June 1, 2015, and they are still on hand at year-end. Inventory is carried at cost under the lower-of-cost-or-market rule. Currency exchange rates for 1 peso follow:

Assume that the peso is the subsidiary’s functional currency. What balances does a consolidated balance sheet report as of December 31, 2015?

a. Marketable equity securities 5  $16,000 and Inventory 5  $16,000.

b. Marketable equity securities 5  $17,000 and Inventory 5  $17,000.

c. Marketable equity securities 5  $19,000 and Inventory 5  $16,000.

d. Marketable equity securities 5  $19,000 and Inventory 5  $19,000.

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Jul 2017 02:07 PM My Price 9.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------

Not Rated(0)
Relevent Questions