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can you same time explain to me the concept too Question: 2011 ending inventory $3000 Overstated, Depreciation Expense $2000 Understated. 2010 ending inventory $8000 Overstated, Depreciation Expense $6000 overstated. Questions as following: 1. Assume that the proper correcting entries were made at December 31, 2010 by how much will 2011 income before taxes be overstated or understated? 2. Assume that no correcting entries were made at December 31, 2010. Ignoring income taxes, by how much will retained earnings at December 31, 2011 be overstated or understated? 3. Assume that no correcting entries were made at December 31, 2010, or December 31, 2011 and that no additional errors occurred in 2012. Ignoring income taxes, by how much will working capital at December 31, 2012 be overstated or understated?
Evaluate the gross profits to be identifies for each of the three years. If the outcome of the construction contract can't be reliably estimated, evaluate the gross profit for each year be?
Variable costs are allocated based on the budgeted rate per copy times the department's actual usage. Which of the following is not an advantage of this allocation scheme over allocating actual costs based on actual usage?
Prepare all required journal entries that the city should make for each transaction.
Suppose that the hospital achieves 225,000 patient-days but that 25% of the patient-days were self-pay (instead of 20%). Calculate the net income.
Compute variances for material, labor, and overhead. Prepare a summary of the variances. Does the unfavorable overhead volume variance suggest that overhead cost are out of control?
Show the calculation of the amount of the gain or loss to be recognized by rogers. Prepare all entries that are necessary on april 3rd 2013.
find out how the company you selected should address its free cash flow, either through distributions to shareholders or repurchasing of stock. Explain your rationale.
Purpose a flexible budget performance report that indicates any variances between budgeted results and actual results.
The company's management is working on preparing the Management Discussion and Analysis (MD&A) for the report.
When conducting business in the corporate form what tax factors should be considered when making the decision to operate as a C Corporation or an S Corporation?
Compute the cost of civilian and military versions of Model KV10 using both direct labor dollars and machine hours as alternative allocation bases. Explain why Pelton Instruments may decide to use direct labor as an overhead allocation base.
Evaluate the issue price of the bonds and prepare the amortization table for 2011; consider that amortization is recorded on interest payment dates.
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