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Question - A? Company's reported earnings are $1,000 and cash flows are? $600. Based on economic conditions during the? year, the company booked allowances of? $250. As a result of contractual? incentives, the company booked a further? $150 in accruals. How much are the unbiased? accruals?
A. ?$150
B. ?$400
C. ?$600
D. $250
As a financial analyst, would you consider restatements of financial statements of this type to be a red flag to lenders and investors or not?
The bookkeeper for Riley Inc. made the following errors: a cash purchase of supplies of $348 was recorded as a debit to Supplies for $384 and a credit to Cash of $384. a cash sale of $3,128 was recorded as a debit to Cash of $3,128 and a credit to Sa..
Prepare journal entries to close the accounts. Use four entries. to close revenue account, to close expense account, to close Income summary account.
What is the net cash flow from operating activities that would be shown in its cash flow statement? For the year ended December 31, 2020, Combate Company report
The utilities cost was a mixed cost and the fixed portion was Php50,000. What would the estimate of total utilities cost be at an output level of 40,000 units?
Hinshaw Company purchased a new machine on October 1, 2014, at a cost of $85,120. The company estimated that the machine has a salvage value of $7,490. The machine is expected to be used for 62,110 working hours during its 8-year life. Declining-bala..
A partnership began its first year of operations with the following capital balances: Young, Capital: $143,000 Eaton, Capital: $104,000 Thurman, Capital: $143,000 The Articles of Partnership stipulated that profits and losses be assigned in the follo..
As part of their divorce agreement, Harry transfers to Mary, his former spouse, GM stock with a market value of $30,000. Harry had $20,000 invested in the stock. How does this transfer affect Harry, and what is Mary's basis in the stock? Employees ar..
Medlab Inc., After a month, MedLab received P213,030 in full settlement of the balance due. How many medical equipment were sold?
What is the December 31, 2009, balance in the estimated warranty liability account? Compute the warranty expense for 2009. Prepare the entry to record the payment of the 2009 warranty claims.
A metal fabricator is considering the purchase of two new milling machines. Model A costs $65,000 to purchase, has annual operating costs of $2,000, requires a $5,000 overhaul every 3 years, and has a salvage value of $3,500 at the end of its 8 year ..
Explain how transfer pricing can affect performance evaluation measures.List and describe the various methods used to get transfer price.
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