What are the four basic types of adjusting entries

Assignment Help Operation Management

Reference no: EM13993416

Please respond to one of the following topics. Post your initial response by Wednesday and then interact with at least two of your classmates about what they have posted by Sunday.

TOPIC 1: Suppose you're an accountant whose job it is to calculate and recognize end-of-period adjusting entries. Your boss comes to you and suggests you "postpone" certain expense adjustments until the following period so the company's income statement will appear more favorable this period. "Besides", he explains, "Everything will come out the same in the long run". What would you do? What should you do? Is his statement correct, that everything will be the same in the long run?

TOPIC 2: What are the four basic types of adjusting entries? Give an example of each.

Reference no: EM13993416

Questions Cloud

Budget to traditional media advertising : Evaluate Nike’s decision to move away from the use of traditional mass-media advertising and focus more of its marketing budget on digital media. Do you agree with this decision or do you think Nike should be allocating more of its IMC budget to trad..

Productivity increases-what will be her new productivity : Productivity increases - Deborah packages three flavours of diabetic fudge to sell at nursing homes to help pay for her college fees. She is currently working a total of 4 hours per day to produce 120 packages. What is Deborah’s productivity? Deborah..

What is labor productivity per labor hour for toupe saddles : Road racing bikes have special seats that are flexible with minimum contact with cyclists. These seats are called toupe saddles. Roscoe Specialty Equipment makes 100 of these seats per day with the following resources. Labor: 40 hours per day @ $15.0..

Forecast values based on simple moving average method : While monitoring the forecast values based on simple moving average method (averaging period = 3), the tracking signals are consistently coming out as large positive numbers (i.e., 4.0, 6.2, and 5.5). What should we do to the forecast model?

What are the four basic types of adjusting entries : Suppose you're an accountant whose job it is to calculate and recognize end-of-period adjusting entries. Your boss comes to you and suggests you "postpone" certain expense adjustments until the following period so the company's income statement will..

Using any combination of the two alternatives : Steelcase has received orders of 2400, 2200, 2700, and 2500 units of a special-purpose panel for each of the next four months. SC can meet these demands by producing the panel, by drawing from its inventory, or by using any combination of the two alt..

Examples of acceptable redisclosures of health information : Give two examples of acceptable redisclosures of health information. Please provide sample situations in which each of these may occur and support your answer with APA references.

Medical malpractice trial alleging postoperative infection : Assume that at a medical malpractice trial alleging postoperative infection, exactly 50% of the evidence favors the plaintiff and 50% of the evidence favors the defendant physician and hospital. Among the defendant’s evidence is some indication that ..

The patient is suing for breach of confidentiality : Assume that an employee of a hospital’s health information management department inappropriately released confidential information to a patient’s employer. The patient is suing for breach of confidentiality.

User Account

All Pages