Show the effects of adjustment on the accounting equation

Assignment Help Accounting Basics
Reference no: EM13871658

During its second and third quarters of fiscal 2014, BlackBerry Limited wrote down its BB10 smart phone inventory by approximately $ 1,700,000,000 because its cost exceeded its market value. Show the effects of this adjustment on the accounting equation and show the journal entry that the company would have made to record it. 

Reference no: EM13871658

Questions Cloud

What interest payments do bondholders receive each year : A General Power bond with a face value of $1,000 carries a coupon rate of 8.1%, has 9 years until maturity, and sells at a yield to maturity of 7.1%. (Assume annual interest payments).
What''s staples soul? : What's Staples Soul?
The intermediate-term bond has maturity : Consider three bonds with 6.7% coupon rates, all making annual coupon payments and all selling at a face value of $1,000.  The short-term bond has a maturity of 4 years, the intermediate-term bond has maturity 8 years, and the long-term bond has a ma..
How does correlation relate to regression : Why does linear regression seem to be an appropriate method for prediction in this case? How does correlation relate to regression - What are the similarities and differences between correlation and regression?
Show the effects of adjustment on the accounting equation : During its second and third quarters of fiscal 2014, BlackBerry Limited wrote down its BB10 smart phone inventory by approximately $ 1,700,000,000 because its cost exceeded its market value. Show the effects of this adjustment on the accounting equat..
Describe five modes of entry into international markets : Describe five modes of entry into international markets. Which of these modes requires the largest resource commitment on the part of the MNC?
What is the opportunity cost of the blocked funds : What is the opportunity cost of the blocked funds, assuming the international parity conditions hold? What is the value of the project with the blocked funds?
Display all the records in emp table : Display the employee's names with first letter capitalized and all other letters lowercase for all employees whose name starts with J,A, or M
National crime victimization survey and uniform crime report : In a well-constructed, one page essay (500+ words), compare and contrast the National Crime Victimization Survey (NCVS) and the Uniform Crime Report (UCR)

Reviews

Write a Review

Accounting Basics Questions & Answers

  On january 1 2010 applied technologies corporation atc

on january 1 2010 applied technologies corporation atc issued 600000 in bonds that mature in 10 years. the bonds have a

  Assess the initiatives methods and ways the hr department

assess the initiatives methods and ways the hr department can address employee well-being to determine at least three

  Medical expense deduction in the current year

How much qualifies for the medical expense deduction in the current year.

  At december 31 2012 fell corporation had a deferred tax

at december 31 2012 fell corporation had a deferred tax liability of 703902 resulting from future taxable amounts of

  Variable costs as a percentage of sales

Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?

  Aan corporation wholesales repair products to equipment

aan corporation wholesales repair products to equipment manufacturers. on april 1 2012 daan corporation issued 8400000

  Deibel corporation is considering a project that would

deibel corporation is considering a project that would require an investment of 59000. no other cash outflows would be

  When deciding on what costs to capitalize what type

when deciding on what costs to capitalize what type criteria should you use? select a type of asset classification i.e.

  Organic health co is an hmo for businesses in the chicago

organic health co. is an hmo for businesses in the chicago area. the following account balances appear on the balance

  Dee brewery issued 35000000 of bonds on 7100 the bonds have

dee brewery issued 35000000 of bonds on 7100. the bonds have a term of 10 years with an 8 interest rate. interest is

  Federal taxation 2012

Search the Internet for at least four (4) stories about major charitable contributions by individuals, including Bill Gates, Warren Buffett, Steve Jobs, and at least one (1) other individual.

  Parking as an optional feature of the membership

At what price, if at all, should Tom and Lynda offer valet parking as an optional feature of the membership? Justify with supporting calculations.

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!

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