Given the Following Items and Costs as of the Balance

question 190

Multiple Choice

Given the following items and costs as of the balance sheet date,determine the value of Faltron Company's merchandise inventory.
$1,000 goods sold by Faltron to another company.The goods are in transit and shipping terms are FOB destination.
$2,000 goods sold by another company to Faltron.The goods are in transit and shipping terms are FOB destination.
$3,000 owned by Faltron but in the possession of another company the consignee.
Damaged goods owned by Faltron which originally cost $4,000,but which now have a $500 net realizable value.

• A)$10,000
• B)$6,500
• C)$5,500
• D)$5,000
• E)$4,500

Recognize the legal requirements for pensions and benefits within Canada.

Identify the impact of benefits programs on employee retention and attraction.

Understand the role of employee assistance programs and their benefits.

Recognize the importance of family-friendly benefits and work-life balance.

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Definitions:

Cash Dividends

Distributions made to shareholders by a company, often in the form of profit sharing.

Retain Earnings

Profits kept in the company to reinvest in the business or pay down debt, not distributed to shareholders.

Dividend Policy

The strategy a company uses to decide how much it will pay out to shareholders in dividends.

Payout Ratio

A financial metric that measures the proportion of earnings paid out to shareholders in the form of dividends, usually expressed as a percentage.