Business, 27.03.2021 03:50 btsheygirl
During 2020 Came Corporation transferred inventory to Nolan Corporation and agreed to repurchase the merchandise early in 2021. Nolan then used the inventory as collateral to borrow from Norwalk Bank remitting the proceeds to Carne. In 2021 when Carne repurchased the inventory, Nolan used the proceeds to repay its bank loan. On whose books should the cost of the inventory appear at the December 31, 2020 balance sheet date?
A) Came Corporation
B) Nolan Corporation
C) Norwalk Bank
D) Nolan Corporation, with Came making appropriate note disclosure of the transaction
Answers: 1
Another question on Business
Business, 21.06.2019 23:00
The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.
Answers: 3
Business, 21.06.2019 23:30
As manager of kids skids, meghan wants to develop her relationship management skills. in order to do this, she learns how to
Answers: 2
Business, 22.06.2019 06:00
Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.
Answers: 1
Business, 22.06.2019 16:00
Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?
Answers: 3
You know the right answer?
During 2020 Came Corporation transferred inventory to Nolan Corporation and agreed to repurchase the...
Questions
Social Studies, 06.11.2021 01:40
SAT, 06.11.2021 01:40
Arts, 06.11.2021 01:40
Mathematics, 06.11.2021 01:40
Mathematics, 06.11.2021 01:40
Social Studies, 06.11.2021 01:40
Computers and Technology, 06.11.2021 01:40
World Languages, 06.11.2021 01:40
Mathematics, 06.11.2021 01:40
