A company has a long-lived asset with a carrying value of $120,000, expected future cash flows of $130,000, present value of expected future cash flows of $100,000, and a market value of $105,000.
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Which of the following is correct? a) There is no relationship between MP and MC. b) When AP is rising, MC is falling, and when AP is falling, MC is rising. c) When MP is rising, MC is rising, and when MP is falling, MC is falling.
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These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings $105,800 Accounts receivable 12,600 Prepaid insurance 3,200 Cash 11,840 Equipment 82,400 Land 61,200 Insurance expense 780 Depreciation
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