User Account

All Pages

What amount of cliff encumbrances

Assignment Help Financial Accounting
Reference no: EM131803069

During its fiscal year ended June 30, 2011, Cliff City issued purchase orders totaling $5,000,000, which were properly charged to Encumbrances at that time. Cliff received goods and related invoices at the encumbered amounts totaling $4,500,000 before year-end. The remaining goods of $500,000 were not received until after year-end. Cliff paid $4,200,000 of the invoices received during the year. What amount of Cliff's encumbrances were outstanding at June 30, 2011?

Reference no: EM131803069

Questions Cloud

How much depreciation expense will be reported in the income : How much depreciation expense will be reported in the income from continuing operations of the company's income statement for 2012
What is the estimated beta coefficient of company : What is the estimated beta coefficient of your company? What does this beta mean in terms of your choice to include this company in your overall portfolio?
What is the capacity of the washing stage : What is the capacity of the washing stage? (Round your answer to 2 decimal places.) Capacity of washing stage 21 orders per hour.
What is the per unit inventory cost for a product : A manufacturing company producing medical devices reported $60,000,000 in sales over the last year. Atthe end of the same year, the company had $20,000,000.
What amount of cliff encumbrances : Cliff paid $4,200,000 of the invoices received during the year. What amount of Cliff's encumbrances were outstanding at June 30, 2011?
Compute earnings per share data : Instructions: Compute earnings per share data as it should appear in the 2012 income statement of Shulo Corporation
What is meant by the term universal default : What is meant by the term ‘Universal Default'?Were you aware of this practice? And will it change how you manage your credit card payments?
Accounted for in ariba government all type funds : What amount of the foregoing revenues should be accounted for in Ariba's government all type funds?
What lessons do they provide : The movies cited in this case, think of other titles for business lessons such as Risky Business, Pirates of Silicon Valley, and Office Space.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd