Aclarke corporation subsidiary buys marketable equity securities and inventory on april 1, 2017, for 100,000 won each. it pays for both items on june 1, 2017, and they are still on hand at year-end. inventory is carried at cost under the lower-of-cost-or-net realizable rule. currency exchange rates for 1 won follow: january 1, 2017 $ 0.84 = 1 won april 1, 2017 0.85 = 1 june 1, 2017 0.86 = 1 december 31, 2017 0.88 = 1 problem 10-11 (lo 10-2, 10-4) assume that the u. s. dollar is the subsidiary’s functional currency. what balances does a consolidated balance sheet report as of december 31, 2017?
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When color is used on a topographical drawing, black is used to represent what?
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Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false
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Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?
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You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?
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Aclarke corporation subsidiary buys marketable equity securities and inventory on april 1, 2017, for...
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