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Problem 1: Core disclosure of subsequent unadjusted events to the financial statements:
A) The nature of the event and its financial impact B) Show the effect in the income statement for the same year C) Estimating the best financial impact D) All of the above
E) None of the above
Problem 2: The company decided to adjust the useful life from 4 to 6 years at the end of the third year for an asset whose cost is 10,000 and its accumulated depreciation is 5,000, so the effect of this change is:
a) Decrease in profits 1250 b) Increase profits 1250 c) Increasing profits by 2500 d) There is no effect on earnings e) All of the above f) None of the above
A physical inventory on December 31, 2016, reveals that 133 footballs were in stock. Compute the December 31, 2016, inventory using the FIFO method
McCombs Contractors received a contract to construct a building for a price of $ 700,000, Compute the amount of gross profit recognized during 2017 and 2018
Prepare the company's income statement and prepare the company's statement of retained earnings
soap company manufactures soap x and soap y and can sell all it can make of either. based on the following data if soap
analysis of an expansion proposalthe enchantment company is considering an expansion of its present facilities to meet
Bernard Office Equipment, which uses a perpetual inventory system, experienced a normal inventory shrinkage of $19,290.
Sale of salvaged parts already on land $20,000 and Sale price of the land $400,000. What amount should be recorded for the purchase of the land
examine and discuss how amazon employs the budget in developing the business strategy of the company indicating if the
mystic laboratories reported total assets of 112000000 and noncurrent assets of 1480000. the company also reported a
In fiscal year 2012 Bombardier's Revenues were: 16,768,000,000, Compute the amount of warranty expense for fiscal year 2012
Accounting data is very helpful in the decision-making process. For example, if you were to buy a car you would need to know all the costs associated.
Determine the break-even point for each alternative.
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