User Account

All Pages

What is the corrected profit or loss for the year ended oct

Assignment Help Financial Accounting
Reference no: EM133009575

Problem 1: Draft of the Income Statements for the year ended Oct. 31, 2019 reflected a loss of P148,600. The entity did not include an expense accrual of P162,500 and a prepayment of P83,400. What is the corrected profit or loss for the year ended Oct. 31, 2019, following the inclusion of the accrued expense and prepayment?

Reference no: EM133009575

Questions Cloud

What concepts associated with bonds or stocks do expect : What concepts associated with bonds or stocks do you expect to encounter once you start working in the profession? Discuss how will knowledge of these concepts
Find what is the book value of a machinery on december : What is the book value of a machinery on Dec. 31, 2019, if the cost is P400,000 with a scrap value of P50,000 and a total accumulated depreciation of P175,000?
Analysis should have taken place to better predict grant : What types of ratio calculations and analysis should have taken place to better predict Grant's demise? Which ratios were likely indicators of Grant?
List the cumulative yield ratios for recruiting source : You are the recruiting manager for Zia Air, a new low-cost airline based out of Dallas, TX. In preparation for the airline's launch, you have been busy in the s
What is the corrected profit or loss for the year ended oct : The entity did not include an expense accrual of P162,500 and a prepayment of P83,400. What is the corrected profit or loss for the year ended Oct. 31, 2019
Which of the stocks represents the greater financial risk : Rusty's stock has generated a mean return of 19% with a standard deviation of 6%. Which of the stocks represents the greater financial risk?
What range of possible returns would expect to earn : Smokey's Burger Corporation has generated a mean return of 14% with a standard deviation of 8%. what range of possible returns would you expect to earn?
Global success of multinational corporations strategy : Cross cultural awareness of expatriate managers can promote global success of Multinational Corporations Strategy Globally". Discuss the statement with relevant
Determine what is annual total inventory management costs : Post Card Depot receives the same number of post cards each time. What is the annual total inventory management costs of post card inventory?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How organize the key areas of review in order of importance

Organize the key areas of review in order of importance for timeliness and maximization of reimbursement from third-party payers. Explain rationale on the order

  What adjustments would need to be made to the financial

What adjustments would need to be made to this financial information to be in a form consistent with residual cash flows for undertaking time value of money

  Why is information technology increasingly perceived

Why is information technology increasingly perceived as a vital ingredient in the management of companies that do business globally?

  How much is charged from retained earnings

The market price per share was $110 on Feb. 1, $ 115 on Feb. 10, and $ 120 on Feb. 29, 2001. How much is charged from retained earnings

  How would classified balance sheet at july

These financial statement items are for Ivanhoe Company at year-end, July 31, 2020. How would classified balance sheet at July 31

  Estimate the dollar amount you would receive

Estimate the dollar amount you would receive from the factor for your receivables if the collection period was thirty 30 days or less

  Why is preferred stock sometimes called a hybrid security

Why is preferred stock sometimes called a hybrid security? Please discuss specific features of preferred stock in your answer. Explain in detail with example.

  How much should the account payable be adjusted on sept

Sept. 7 transaction and received credit on account. The balance has not been paid as of Sept. 30. How much should the account payable be adjusted?

  What will be the company stock price

What will be the company's stock price following the stock split, assuming that the split has no effect on the total market value of JPix's equity

  Students may write a paper on how they would apply the

students may write a paper on how they would apply the lessons of this course as a controller for an association they

  What assumptions is the financial reporting model based on

What assumptions is the financial reporting model based on? What principles support the financial reporting model? What is the role of Congress in settling the concerns that arise with accounting firms and their clients?

  What prepaid insurance account will have a debit balance of

On January? 1, 2019? (after December 31? adjustments), Prepaid Insurance account will have a debit balance of? Murphy, Inc. prepaid $8,400 on October? 1, 2018.

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