Inventory Valuation, Tangible Fixed Assets

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  INVENTORY is defined as the item which is used in the organization in the form of materials or they are ready for the sale purposes. LIFO, FIFO etc. are methods of inventory valuation.

• Correct Formatting For a Balance Sheet

  Fixed Assets should be listed next. By definition, fixed assets are plant, machinery, equipment, and other tangible assets. Thus, you should not use the labels "Fixed Assets-Intangible" and "Fixed Assets-Tangible". 6.

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  70 Accounts payable 100 Accounts receivable 130 Total current liab. 100 Inventory 220 Total current assets 420 Long-term debt 450 Gross fixed assets 1,120 Common stock 250 Accumulated depreciation 270 Retained earnings 470 Net fixed

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  NUMBER OF TRAINEES 9. insuring all tangible fixed assets. MARKET VALUE OR BOOK VALUE OF ASSETS TO BE INSURED 10. supervising production. NUMBER OF EMPLOYEES, DIRECT LABOR HOURS 11. maintaining and repairing machinery and equipment.

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  I also have tangible assets of $30 million and intangible assets, including patents and trademarks, that have been valued at $40 million.

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  Insuring all tangible fixed assets. 10. Supervising production. 11. Training all employees of the company. 12. Painting and packaging finished appliances.