Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2010 for $2,560,000. Its useful life was estimated to be six years with a $160,000 residual value. At the beginning of 2013, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows ($ in 000s):
YEAR Straight-line Declining Balance Difference
2010 $400 $853 $453
2011 400 569 169
2012 400 379 (21)
Total $1,200 $1,801 $601
REQUIRED
1. Briefly describe the way Clinton should report this accounting change in the 2012–2013 comparative financial statements.
2. Prepare any 2013 journal entry related to the change.
Using the web, access The Coca-Cola Company 2012 financial statements (www.thecoca-colacompany.com). Identify and discuss the following aspects of consolidated tax expense disclosed in the financial statements:
addressing the extent of that organization's leadership's strategic tunnel vision, "all or nothing" thinking, fleixiblility, and focus on key factors. You will provide an argument for why you think each does or does not exist for that organizatio..
Explain how the offshore oil platform should be treated in the financial statements of Peppel Corporation for the year ended 31 December 2012.
Is the $18,000 expenditure deductible or nondeductible? Including proper citations to relevant authority.
Valuation of Ending Work-in Process using process costing - equivalent unit of production for conversion using the weighted average method
For this assignment, you need to develop a capital budget. It is important to know what the cafe managers should consider within their capital budget. You must also define the key terms necessary to understand capital budgeting.
A company paid $500,000 for 12% bonds with a par value of $500,000. The bonds pay 6% interest semiannually on September 1 and March. Prepare the general journal entry to record the first interest payment on June 30, 2009.
williams music store reported cost of goods sold as
Suppose a group of British investors finances the construction of a plant to manufacture skateboards in St. Louis, Missouri. How will the construction of the plant affect GDP?
Identify at least two fixed costs that will not change regardless of how many t-shirts Johnny Cupcakes produces.
What is the difference between an upstream and a downstream transfer - does it matter illustrate what it is that is sold upstream or downstream (fixed assets, inventory, etc.)?
Complete a writing activity based on the following situation: Two brothers and a friend are in the process of starting an information technology services company. Each of the prospective partners has relevant experience and knowledge. The compa..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd