User Account

All Pages

What total amount should be reported as prior period error

Assignment Help Accounting Basics
Reference no: EM132744497

Harbor Company reported the Ff. Events during the yr. Ended 12/31/2013.

  • It was decided to write off 800,000 from inv. Which was over two yrs. Old as it was obsolete.
  • Sales of 600,000 had been omitted from the financial statements for the yr. Ended 12/31/2012

Problem 1: What total amount should be reported as prior period error in the financial statements for the year ended 12/31/2013?

Reference no: EM132744497

Questions Cloud

Benchmark in purchasing policies and procedures : Fine a company of your choice - domestic or foreign - that you would consider a benchmark in Purchasing policies and procedures.
Analyze the internal environment : Analyze the internal environment of the company you researched to determine that company's strengths and weaknesses.
What amount before tax should reported as prior period error : Galaxian Co. failed to accrue warranty cost of 100,000 on 12/31202. What amount before tax should be reported as prior period error in 2013?
Calculate the t test statistics : Calculate the t test statistics to determine whether a statistically linear relationship exists between x and y
What total amount should be reported as prior period error : Harbor Company reported the Ff. Events,What total amount should be reported as prior period error in the financial statements for the year ended 12/31/2013?
Organizational behavior paper : The purpose of the Project Paper is for you to culminate the learning achieved in the course by describing your understanding and application of knowledge
How much is the company cash flow from operations : Energy Electric reported net income totaling $106,000. Depreciation expense for the year was $22,000. How much is the company cash flow from operations
How the transaction should be accounted for at december : Explain how this transaction should be accounted for at December 31, 2019. XYZ Co. operates amusement park and now is being sued for $7,000,000
Calculate the gain recognized in profit on the transfer : Calculate the gain / loss recognized in profit or loss on the transfer. On January 5, 2020, ABC Co decided to lease that owner-occupied building

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the quick ratio for December

Tappert Company reported the following current assets and liabilities for December 31, 2012 and 2011: Compute the quick ratio for December

  Osha and apwa safety colors chart

According to the OSHA and APWA Safety Colors chart, which of the following is a correct match?

  Discuss the importance of cost pools and drivers

In a 4-5 page paper, discuss the following: The importance of cost pools and drivers and their application in the ABC method.

  Discuss the estate and income tax ramifications

Discuss the estate and income tax ramifications of each of these transactions.

  Are there any exceptions to the protection afforded older

Are there any exceptions to the protection afforded older workers by the Age Discrimination in Employment Act?

  Find the Buffin Manufacturing Company cost of goods

Ending work in process inventory 1,200,000. Find the Buffin Manufacturing Company's cost of goods manufactured for the year

  Record the bond issue on the given time period

If the market interest rate is 7%, the bonds will issue at $372,296. Record the bond issue on January 1, 2018, and the first two semiannual interest payments.

  In 2006 ellen contributed property with a basis of 500000

in 2006 ellen contributed property with a basis of 500000 and a fair market value of 3000000 to a qualified small

  What is the amount of keiths moving expense deduction

Keith is not reimbursed for any of these expenses by his employer. What is the amount of Keith's moving expense deduction?

  Identify and describe all time elements each industry uses

Many service industries link labor rate and time (quantity) standards with their processes. One example is the standard time to board an aircraft.

  Journalize the entry to record the first interest payment

Journalize the entry to record the first interest payment and the amortization of the related bond discount for the six-month period using straight-line method

  What is the new breakeven point in units

A product has a contribution margin of $6 per unit and a selling price of $40 per unit. Fixed costs are $30,000. Assuming new technology increases.

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