Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Starting 2019, every sale of the main product of Amongus Company will include a three-year warranty. It estimates warranty costs to be incurred at 1% of the sales price at the first year, 2% on the second year and 5% on the third year. Actual warranty expenditures were P37,100 and P72,600 during 2019 and 2020, respectively. Due to a fire incident, the sales journal of Amongus were burnt. It has been determined that the balance of the Estimated Warranty Liability is P309,500 on January 1, 2020 and P507,400 on December 31, 2020 before adjustments.
Problem 1: How much sales were made during 2019?
Problem 2: How much sales were made during 2020?
Problem 3: Assuming that the sales and warranty costs are made evenly, how much is the adjustment to the 2020 ending balance of the Estimate Warranty Liability? [Indicate whether it is a credit/debit adjustment]
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
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 and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
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 Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
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 Framework's perspective of users and their decisions.
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
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd