Solution-What is the impact on net assets of these

What is the impact on net assets of these adjustments

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Reference no: EM133017899

Question - The following year-end adjustments are required:

- Closing inventory of $45,700 to be recorded

- Depreciation at 20% straight line to be charged on assets with a cost of $470,800

- An irrecoverable debt of $230 to be written off

- Deferred income of $6,700 to be recorded

What is the impact on net assets of these adjustments?

Reference no: EM133017899

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What is the impact on net assets of these adjustments

Reference no: EM133017899

Reference no: EM133017899

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

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