User Account

All Pages

What is the correct net income

Assignment Help Accounting Basics
Reference no: EM132863597

Question - Kingbird, Inc. reports net income of $93,000 in 2022. However, ending inventory was understated $9,000. What is the correct net income for 2022?

Reference no: EM132863597

Questions Cloud

How the us-china trade war had become a currency war : How the US-China Trade War had become a currency war. Finally, if capital controls were imposed by either economy, explain the impact
Revolutionary christian health administrator : Discuss how the revolutionary Christian health administrator uses influence to "seek out champions".
Discuss trade relationship between china and united states : Discuss the trade relationship between China and the United States. Analyze the advantages and disadvantages to the United States in this relationship?
Health education program planners : Indicate what community assets/resources are available to assist health education program planners in addressing the key health issue.
What is the correct net income : Kingbird, Inc. reports net income of $93,000 in 2022. However, ending inventory was understated $9,000. What is the correct net income for 2022
Research opinions of economist about covid : Who voted for and who voted against the relief Law. research opinions of Economist about covid-19. describe contents of the law and total value
What is the company CM ratio : What is the company's CM ratio? If quarterly sales decrease by 100,800 and there is no change in fixed expenses, what would the quarter's net operating income
What are pros-cons of using social media to market products : Describe the components of a promotion mix and the different factors can affect them. What are pros and cons of using social media to market products?
How did the business plan to use the capital raised by ipo : How did the business plan to use the capital raised by the IPO? What is the current status of the shares? What was the long-term outcome?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the profit

Webster Training Service (WTS) provides instruction on the use of computer software for the employess of its corporate clients. It offers courses In the client's offices on the client's equipment.

  Describe the distribution channel parents or grandparents

Identify a product or service that both you and your parents or grandparents have purchased, but through different distribution channels.

  Calculate amount of cash that practical paid to suppliers

Practical Company had sales of $323,000 for the year. Calculate the amount of cash that Practical paid to suppliers for inventory during the year

  Discuss what should be the balance in accounts receivable

What should be the balance in accounts receivable at December 31, 2017, before subtracting the allowance for doubtful accounts

  Describe any five errors that can revealed by trial balance

Prepare Journal enteries, with narration, for the items (a) to (g) above. Describe any five errors that can be revealed by trial balance

  Prepare the necessary adjusting entries and closing entries

Rent paid in advance at December 31, $5,400 (originally charged to expense). Prepare the necessary adjusting entries

  Show the journal entry to recognize the interest payment

Show the journal entry to recognize the interest payment on October 20, and the entry for payment of the short-term note and final interest payment

  Find the entry to record payment of net pay would include a

Find the entry to record the payment of net pay would include a? The total earnings of an employee for a payroll period is referred to as

  Why is the aspect of the business so important

Share your thoughts as to why so many professionals consider accounting to be the language of business. Why is this aspect of the business so important?

  Cadavieco detailings cost formula for its materials and

1.when a flexible budget is used in performance evaluation actual costs are compared to what the costs should have been

  Actual service revenue for 2012 and expected service

minor landscaping company is preparing its budget for the first quarter of 2013. the next step in the budgeting process

  What is the amount of each interest payment

A bond has a 7% coupon and pays interest semi-annually. What is the amount of each interest payment if the face value of a bond is $1,000

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