User Account

All Pages

What is bramble net income using accrual accounting

Assignment Help Accounting Basics
Reference no: EM132068009

Question - Bramble Corp. had the following transactions during 2017:

  • Sales of $8820 on account
  • Collected $3920 for services to be performed in 2018
  • Paid $3680 cash in salaries for 2017
  • Purchased airline tickets for $490 in December for a trip to take place in 2018

What is Bramble's 2017 net income using accrual accounting?

$5630

$5140

$9550

$9060

Reference no: EM132068009

Questions Cloud

Discuss the type of summative evaluation : You explored formative evaluation, which is evaluation that occurs before, and in tandem with, research. On the other end of the spectrum is summative.
Analysis of a new organizational structure or ownership : Analysis of a new organizational structure or ownership, if needed, supported by research completed along with examples of the pros and cons.
Discuss how sexual orientation and gay rights rulings : Discuss how sexual orientation and gay rights rulings regarding marriage are being addressed in America and other parts of the world.
In which column side of trial balance will amounts recorded : In the general ledger, the bank account has an unfavourable balance of R9 000, In which column side of the trial balance will the amounts be recorded
What is bramble net income using accrual accounting : Collected $3920 for services to be performed in 2018. What is Bramble's 2017 net income using accrual accounting
Name the possible defenses sam can raise : Jan went the Sam's to have her hair colored dark brown as she had done many times, although this was Jan's first time as a client at Sam's.
What variables could lead to different outcomes : To live comfortably in retirement, you decide you will need to save $2 million by the time you are 65 (you are 30 years old today).
Determine whether or not a conviction is feasible : Argue for or against the theory that the courts should not hold a defendant of questionable competency to the standard sentencing guidelines.
Calculate the total period costs : 60% of the utilities relate to the factory while 40% of the utilities relate to the general office building. Calculate the total period costs incurred

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the value of the ending inventory

BUSI 2001 - Intermediate Accounting Assignment - Notes Receivable, Inventories, PPE. Calculate the value of the ending inventory and cost of goods sold

  For many years futura company has purchased the starters

for many years futura company has purchased the starters that it installs in its standard line of farm tractors. due to

  Generally accepted accounting principles

Compute the revenue to be recognized in fiscal year 2014 for each of the three operating divisions of Van Hatten Industries in accordance with generally accepted accounting principles.

  Determining accrued interest in various situations lo13-2

determining accrued interest in various situations lo13-2 on july 1 2013 ross-livermore industries issued nine-month

  Zimmer company reported the following information for 2011

zimmer company reported the following information for 2011 october november december budgeted sales 230000 220000

  The inns variable overhead costs are driven by the number

a family inn is a bed and breakfast establishment in a converted 100-year- old mansion. the inns guests appreciate its

  All sales are on account and in the past 30 of the sales

all sales are on account and in the past 30 of the sales were collected in the month of the sales and 70 in the month

  Determining the mutual fund probabilities

According to the Normal model N(0.024, 0.056) describing mutual fund returns in the 4th quarter of 2007 in Exercise 21, what percent of this group of funds would you expect to have return

  Compare and contrast financial and managerial accounting

Compare and contrast financial and managerial accounting. how managerial accounting helps managers to improve operational and financial performance

  What is the companys residual income

Company generates: $3,000,000, Operating income: $250,000. What is the company's residual income

  What total amount of cash did risen receive

Interest is payable semiannually on April 1 and October 1. What total amount of cash did Risen receive on the issuance of the bonds

  Compute the companywide break-even point in dollar sales

Crossfire Company segments its business into two regions-East and West. Compute the companywide break-even point in dollar sales

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