Homework answers / question archive / 1)The following information is available for the Brown Company for 2016: Gross Profit $ 30,000 Net Sales 500,000 Beginning Inventory 220,000 Ending Inventory 40,000 What was the amount of cost of goods sold? O $470,000 O $210,000 O $180,000 O $150,000 2) pts Land is usually valued at O market value historical cost O present value O net realizable value Question 2 2 pts Public companies must show on the income statement the earnings-per-share effect of income from continuing operations O gross profit O sales revenue O all of the above Question 3 2 pts A balance sheet account that is usually reported at its fair market value is short-term marketable securities O accounts receivable O property, plant, and equipment O inventory

1)The following information is available for the Brown Company for 2016: Gross Profit $ 30,000 Net Sales 500,000 Beginning Inventory 220,000 Ending Inventory 40,000 What was the amount of cost of goods sold? O $470,000 O $210,000 O $180,000 O $150,000 2) pts Land is usually valued at O market value historical cost O present value O net realizable value Question 2 2 pts Public companies must show on the income statement the earnings-per-share effect of income from continuing operations O gross profit O sales revenue O all of the above Question 3 2 pts A balance sheet account that is usually reported at its fair market value is short-term marketable securities O accounts receivable O property, plant, and equipment O inventory

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1)The following information is available for the Brown Company for 2016: Gross Profit $ 30,000 Net Sales 500,000 Beginning Inventory 220,000 Ending Inventory 40,000 What was the amount of cost of goods sold? O $470,000 O $210,000 O $180,000 O $150,000

2) pts Land is usually valued at O market value historical cost O present value O net realizable value Question 2 2 pts Public companies must show on the income statement the earnings-per-share effect of income from continuing operations O gross profit O sales revenue O all of the above Question 3 2 pts A balance sheet account that is usually reported at its fair market value is short-term marketable securities O accounts receivable O property, plant, and equipment O inventory