User Account

All Pages

Determine what would be effect of the change on net profit

Assignment Help Financial Accounting
Reference no: EM132483005

Question 1: Julienne Ltd decided to change its accounting for long-service leave in order to accrue expense sooner than had been done previously. The effect on provision for employee entitlements as at the end of 2018 was to increase it by $17 500. By the end of 2019, the liability would go up by $24 000. The company's income tax rate is 30%. What would be the effect of the change on 2019 net profit?

Reference no: EM132483005

Questions Cloud

Compute company after-tax income using fifo : Determine and Assuming that a periodic inventory system is used and operating expenses of $2800, what is the company's after-tax income using FIFO?
Compute what the gross profit for the period would be : A company just starting in business purchased three merchandise inventory items, What the gross profit for the period would be
Find what effect would such a policy change on net profit : Determine The amount of advertising capitalised this year was $100 000. What effect would such a policy change have on net profit before tax?
Compute what is effect of the error on net profit : Caravelle Ltd has found an error in its revenue account: an invoice for $6 600 was recorded as revenue in 2018. What is effect of the error on net profit
Determine what would be effect of the change on net profit : Determine the liability would go up by $24 000. The company's income tax rate is 30%. What would be the effect of the change on 2019 net profit?
Compute what is the future value : Determine If other investments of equal risk earn 6% annually, what is its present value and what is its future value? Round your answer to the nearest cent.
Determine how do find out which company will audit : On a company's 10k, how do you find out which company will audit them ? Why are there two opinion letters? Why are they after the dates of fiscal year end?
What code of whistleblower policy are effectively implement : Driling into Disatster BP in the Guif of Mexico what steps should a company like BP take to ensure that its code of conduct and whistleblower policy
What are the effect of the tax on the quantity sold : What are The effect of the tax on the quantity sold would have been smaller if the tax had been levied on producers. and provide the example

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd