For companies using a cost method other than LIFO or the retail inventory method, inventory is reported at:

Kerry, Incorporated, exchanged land and cash of $8,400 for equipment. The land had a book value of $59,000 and a fair value of $64,400. Assume the exchange has commercial substance. The journal entry to record the exchange would be:

If a company uses LIFO, a LIFO liquidation causes a company’s income taxes to increase:

Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available at the end of the year: Cost Retail Beginning inventory $ 400,000 $ 535,000 Net purchases 905,000 1,310,000 Freight-in 45,000   Net markups   58,000 Net markdowns   28,000 Net sales   1,250,000 Estimate ending inventory and cost of goods sold (average cost).

On February 26, a hurricane destroyed the entire inventory stored in a warehouse owned by Rockport Corporation. The following information is available from the records of the company’s periodic inventory system: beginning inventory, $280,000; purchases and net sales from the beginning of the year through February 26, $520,000 and $720,000, respectively; gross profit ratio , 40%. The estimated cost of the inventory destroyed by the hurricane using the gross profit is:

Select all that apply.  The nurse is educating new parents about the Vitamin K injection all newborns are recommended to receive after delivery. Select which of the following statements are true regarding the Vitamin K prophylaxis.

Select all that Apply.  A woman will be discharged 48 hours after a vaginal delivery. When planning discharge teaching select which maternal assessment finding the nurse would teach the woman that would require nursing follow up.

 A patient has excessive vaginal bleeding following delivery saturating 1-2 chux pads every 15 minutes. The nurse massages the uterus.  The nurse should suspect a cervical tear if examination of the patient reveals:

The client who is a G2P2 delivered via c-section 12 hours ago.  The client feels the urge to void. The client voids 75 mL in the hat.  The client’s fundus is firm on assessment.  Bladder distention noted on assessment. Which of the following interventions should the nurse do next?

Select all that Apply.  The nurse is caring for a newborn that had prenatal exposure to drugs.  Highlight or select which of the following are signs and symptoms of withdrawal that the newborn may display:?