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    Need Clarity Can you help?
    Samantha - 10/6/2018, 3:26 pm
    It is my understanding that of the 10,000 in beginning WIP ... 60% was completed last period and 40% will be included in this period's cost = 4,000 Now, 50,000 was started and completed this period which would mean we need to minus the 10,000 that was completed last period= 40,000 Now, in ending WIP we have 2,000 that was 40% completed = 800 4000+40000+800= 44,800 ---> That would be the equivalent units under FIFO It appears the equivalent units in the solution is double counting the amount in the beginning WIP ... Could you clarify for me please. Thanks !
    0
    U
    Dividend
    user-4018 - 10/5/2018, 12:59 am
    Dividend may be considered as ordinary income.
    2
    U
    Partnership
    user-4991 - 10/4/2018, 2:59 am
    Is 50% is relevant in this case
    1
    L
    Question 7 Can you help?
    LAWRENCE-93906 - 10/4/2018, 12:17 am
    Since the warranty only covers 12 months, why wasn't that taken into account?
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    U
    Why wrong
    user-4991 - 10/3/2018, 10:49 pm
    Why ans D is not correct?
    1
    P
    Current portion of long term debt is a short term liability?
    Priya-97885 - 10/3/2018, 2:20 am
    Should not the loan of $1mn be reported as current liability - it is due within 12 months and there is no agreement to refinance it.
    1
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    Treatment of bad debt expense?
    Sumit-Arora-22325 - 09/24/2018, 7:59 pm
    What should be the taxable income for year one. Shouldn't the bad debt expense for the year one should be deducted from sales revenues (500000-200000=300000) ? Please clarify
    3
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    Income computation
    Priya-97885 - 09/21/2018, 11:17 pm
    Crowell Co and its subsidiary are two different legal entities. How can the income earned in Ireland be taxed in US?
    1
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    Unilateral mistake
    Priya-97885 - 09/21/2018, 5:01 pm
    Knowing that the a membership for $12k is being offered for $1k - does not it amount to be a known mistake and make it voidable?
    2
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    Validity of contract
    Priya-97885 - 09/21/2018, 4:54 pm
    Under sales contract, if a buyer does not make a perfect tender (i.e the goods and delivery does not conform exactly to the contract without any defects), the buyer can reject them. In the given question, both the loads of truck were as per the requirement of the contract. Is Modern Driveways not liable for both loads?
    1
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