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!
At the end of 2011, while auditing the books of the Sandlin Company, before the books have been closed, you find the following items:a. A building with a 30-year life (no residual value, straight-line depreciation) was purchased on January 1, 2011 by issuing a $90,000 non-interest-bearing, four year note. The entry made to record the purchase was a debit to Building and a credit to Notes Payable for $90,000; 12% is a fair rate of interest on the note.b. The inventory at the end of 2011 was found to be overstated by $15,000. At the same time, it was discovered that the inventory at the end of 2010 had been overstated by $35,000. The company uses the perpetual inventory system.c. For the last three years, the company has failed to accrue salaries and wages. The correct amounts at the end of each year were: 2009'$12,000; 2010'$18,000; 2011'$10,000.Required:1. Prepare journal entries to correct the errors (ignore income taxes).
2. Assume, instead, that the company discovered the errors after it had closed the books. Prepare journal entries to correct the errors (ignore income taxes).
Calculate the weighted average number of shares in the year 2006 and2007. Earning per sharefor the year 2007 and its corresponding figure for 2006.
describe the process of assessing the earnings and financial reporting quality of publicly held corporations.relate the
Prepare the journal entries to record the above stock transactions.
how much of her moving expenses can she deduct - Susan's employer reimburses her $3,600 for all of these moving expenses except for the lease cancellation fee, will she have any taxable income?
for the year beta had beginning total liabilities of 30000 and ending total liabilities of 20000. during the year total
Top Foods has an underfunded pension plan. The pension expense is $58 million. Prepare the appropriate journal entry to record Top's pension expense.
lindon company uses 4500 units of part x each year as a component in the assembly of one of its products. the company
garcia company produces hockey helmets. the standard cost for each helmet is as followsper helmetdirect material 5.0
Determine the value of ending inventory if the sales value at splitoff method is used for product costing.
many companies use accelerated depreciation for tax purposes because answer it is easier to calculate than
hi-tech inc. has several outdated computers that cost a total of 8900 and could be sold as scrap for 2300. they could
What is the danger in allocating common fixed costs among product lines or other segments of an organization?
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