FIG LLC had opening stock of 300 kgs value RO 2400. They purchased 200kgs @ RO 9 and later on they purchased 500kgs RO 11. 400kgs were sold. The Value of closing stock Last In First Out method will be a. RO 6750 b. RO 6350 c. RO 6400 d. RO 5300
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- KITE LLC had opening stock of 500 kgs value RO 2500. They purchased 600kgs @ RO 6 and later on they purchased 400kgs RO 7. 800kgs were sold. The Value of closing stock as per average price method will beLuck LLC had opening stock of 1000 units value RO 5000. They purchased 2000 units @ RO 6 and later on they purchased 2500untis @ RO 7. 3000untis were sold. The Value of closing stock as per weighted average price method will be27-FIG LLC had opening stock of 300 kgs value RO 2400. They purchased 200kgs @ RO 9 and later on they purchased 500kgs RO 11. 400kgs were sold. The Value of closing stock Last In First Out method will be a. RO 6750 b. RO 6350 c. RO 5300 d. RO 6400
- Luck LLC had opening stock of 1000 units value RO 5000. They purchased 2000 units @ RO 6 and later on they purchased 2500untis @ RO 7. 3000untis were sold. The Value of closing stock as per weighted average price method will be a. RO 15675 b. RO 18600 c. RO 15500 d. RO 1881038-DELL LLC had opening stock of 200 kgs value RO 2000. They purchased 300kgs @ RO 11 and later on they purchased 400kgs RO 12. 300kgs were sold. The Value of closing stock as per First In First Out method will be a. RO 7000 b. RO 7200 c. RO 6800 d. RO 670015-KITE LLC had opening stock of 500 kgs value RO 2500. They purchased 600kgs @ RO 6 and later on they purchased 400kgs RO 7. 800kgs were sold. The Value of closing stock as per average price method will be a. RO 4200 b. RO 3200 c. RO 4800 d. RO 5600
- An investor purchased 498 shares of common stock, $21 par, for $23,406. Subsequently, 112 shares were sold for $29 per share. What is the amount of gain or loss on the sale? Oa. $2,016 gain Ob. $2,016 loss Oc. $2,912 gain Od. $2,912 loss items (Previous Next re to search 3:27 PM 53°F Sunny (中岁 12/14/2021 a. OF prt sc delete 144 pause T shift alt alt ctrl USE YOUR SMARTPHONE FOR Reviews Vide05 FeaturesOwner h for te a 3. O nko 100 a) 4. Draw Eg. How much stock is sold? Vehicles t equation. accounts Capita' The owner me that + SALES g account isabel Calculate the selling price of the stock sold. * How much of the stock is left unsold ? 15000 - 2000 e EXERCISE 12 Use the following two transactions to complete this exercise: Purchased trading stock per cheque, R5 000. Sold R2 000 of the stock for cash at a profit mark-up of 60%. Required: (Show workings) 3200 EXERCISE 2.2 01511 5000 LEVEL 29. % Bank 3200 ACTUAL MARK ado Aere Use the following T- Accounts, try to complete the double entry principle for the a + BANK TRADING S Sales 3200 EMO 5000 SIMULATION ... trading 2000 COST OF EXERCISE 13 Arrange the following steps in the accounting cycle in the correct sequence. W indicate the corect sequence:Assume the company earns $1.62 per share. What was the sale volume? 52 Weeks Stock (Sym) Jaymen Co. Volume (100's) 51,615 Net Change - 0.50 HI LO DIV YLD % PE Close 49.94 40.25 0.58 46.90 Sale volume
- Refer to the following: On December1.20x1, Line Corp recelvud ecoration.of 2 000 shees dfiS P5 par value ordinary shareS from a shareholder On that date, the sk s narket y K was Pper share The stock was or gnaly issued for P25 per share By what anGut wauld B denorcHe lotal stckholders eguly to decrcase? 50,000 20,000 O 70,0000. Duing ih frst year of operationa. Victory, Inc. entered into the tollwing transactions retating to shareholders' equity, PIO por per share and 30.000 preference shares P50 par pet share, > March 14-Sold 50.000 crdinary shares for F100 per shore > Morch 15- Issued 20.000 orcinary shares ta lawyers in exchange tor legal services omiounting to P 300,000, > Morch 15- Sold 35.000 ot its ordinary shares ond 10,000 preference shares for P6.000,000. Fair value of the ordinary shore in PICO. November 20- hued 1.900 of ih ovdnary shares in exchange for equipmient for which the cauh price was known to be PI85.000. Baed on the preceding information, determine the totai shareholders' equity. , Victory's articles of incorporation authorized the issue of 240,000 ordinary shares.Gangadhar Co. went for buy back of 1000 share @100 at a premium of 20%. For the buyback it decided to utilize security premium account which has an existing balance of 200000. Buyback expenses stood at 5700. Pass the journal entry.