User Account

All Pages

What amount before tax should reported as prior period error

Assignment Help Accounting Basics
Reference no: EM132805020

Question - Galaxian Co. failed to accrue warranty cost of 100,000 on 12/31202. In addition, a change from straight line to accelerated dep'n made at the beginning of 2013 resulted in a cumulative effect of 60,000 on Retained Earning. What amount before tax should be reported as prior period error in 2013?

Reference no: EM132805020

Questions Cloud

What amount should be reported as profit : Elysee company draft financial statements showed the profit before tax for the year ended 12/31/2013 at 9,000,000. What amount should be reported as profit
Describe the organization environment : Describe the organization's environment, and evaluate its preparedness for virtualization. Make a recommendation for cloud computer use in the organization,
Develop the character impression using given details : Use the DSM-5 to develop the character impression. Provide your opinion with supporting details from the movie and the DMS-V. Share your overall critique.
Why do you think good project scope management : Why do you think good project scope management is so important on information technology projects?
What amount before tax should reported as prior period error : Galaxian Co. failed to accrue warranty cost of 100,000 on 12/31202. What amount before tax should be reported as prior period error in 2013
How much dividend may the preference equity holders : A dividend rate of 10% and redeemable for $80/share, are sold for $75/share, how much dividend may the preference equity holders expect to receive
What is the wacc : The firm's before-tax cost of debt is 5%. The preferred stock pays a $2.00 annual dividend with a par value of $25, What is the WACC
Discuss the motivation to eating out research paper : Discuss the motivation to eating out research paper and comment on the findings as most applicable to your household situation
How that might impact the global economy : Networks have changed drastically over the last 30 years. With the first introduction of the 56k modem, how that might impact the global economy.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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