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Question - For the year ending December 31, Orion, Inc. mistakenly omitted adjusting entries for $1,500 of supplies that were used, (2) unearned revenue of $4,200 that was earned, and (3) insurance of $5,000 that expired. For the year ending December 31, what is the effect of these errors on revenues, expenses, and net income?
Prepare the journal entries related to the contract.
Is any mechanisms available to prevent the abuse of FIFO, LIFO and/or average-weighted cost? What sources are you using to obtain the information?
What are the deferred tax amounts to report on the balance sheet for years ended December 31, 2018 and 2019 and how would they be classified
Which of the risk does the investor face if he buys the bond? A relatively new tech company issues a bond that is publicly traded.
Net income was $150,000 in 2011 and $180,000 in 2012. Each partner withdrew $1,000 for personal use every month during 2011 and 2012. What was Warren's capital balance at the end of 2011?
Pizza Company trades its used delivery cars for a new models at Hudson Toyota. Prepare the journal entries assuming a) commercial substance and b) no commercial substance.
Where does the Pain in Dividends go? If you can answer using my set up or help me on where the numbers go, THat will be great.
Russell personal assets are worth $100,000. He still owes $10,000 on his car, $101,000 on his home, and $1,000 on his credit card. What is Russell's net worth?
Determine return on equity (ROE) decomposition (DuPont Analysis) for Gamma. You are researching the financial performance of the Gamma Company.
Calino Company developed the following data for the month of August. Credit sales for August are $30,000; for July $40,000; and for June $40,000. 70 percent of credit sales are collected in the month of sale, 15 percent in the following month, and 10..
Assess the degree to which the firm's accounting reflects the underlying business reality.
Riley's Book Review billed customers $350 for editing work completed this month. The journal entry to record this transaction is
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