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Question -
Casillas, Inc. is a calendar-year corporation. Its financial statements for the years 2011 and 2010 contained errors as follows:
2011
2010
Ending Inventory
$3,000 overstated
$8,000 overstated
Depreciation Expense
$2,000 understated
$6,000 overstated
Assume that the proper correcting entries were made at December 31, 2010. By how much will 2011 income before taxes be overstated or understated?
Assume that no correcting entries were made at December 31, 2010. Ignoring income taxes, by how much will retained earnings at December 31, 2011 be overstated or understated?
The ledger of Molina Company at the end of the current year shows Accounts Receivable $86,000; Credit Sales $780,000; and Sales Returns and Allowances $40,000.
What is an adjusted trial balance? What is its purpose?
Record the June transactions in the General Journal sheet of the excel file (Don't forget end of month transactions-salary, depreciation) Post the journal accounts to the ledger of accounts sheet of the excel file
If Remmers, Inc. uses the composite method and its composite rate is 7.5% per year, what entry should it make when plant assets that originally cost $50,000 and have been used for 10 years are sold for $14,000?
padong remanufacturing rebuilds spot welders for manufacturers. the following budgeted cost data for 2006 is available
Which of the following is an example of a consideration the government takes into account when creating a tax?
Reread the discussion on page 543 of changes in the salaries of software engineers. Use a graph to illustrate this situation. Make sure your graph has labor demand and supply curves for 2009 and 2013 and that the equilibrium point for each year is..
finley company has its company headquarters based in raleigh north carolina and has six individual retail stores spread
Analyze the risks in the systems that your team analyzed. Identify all risks and internal control points by incorporating the controls and risks into the flowcharts.
Auditors and Regulatory Oversight
select an australian publicly- listed company and locate their latest annual report eg commonwealth bank nab bhpnbsp
Design at least two tables that could be used in a database for the hosting of information of your selected accounting cycle revenue cycle.
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