User Account

All Pages

What was the amount of the adjustment

Assignment Help Financial Accounting
Reference no: EM13510793

Time Warner Inc. reported short-term deferred revenue of $1,497 million and $1,731 million as of December 31, 2004 and 2003, respectively. For the year ending December 31, 2004, Time Warner reported total revenues of $42,089 million.

(a) What was the amount of the adjustment for unearned revenue for 2004?

(b) What would have been total revenues under the cash basis after considering the effect of (a)?

Reference no: EM13510793

Questions Cloud

Find fraction of the original kinetic energy of puck : A hockey puck B rests on a smooth surface of ice and is struck by a second puck A , which was originally traveling at = 40.0, What fraction of the original kinetic energy of puck A dissipates during the collision
Should gruden accept the special order : Determine whether Jobs should accept this offer and Determine whether Jobs should accept this offer - Should Gruden accept the special order
Prepare ai journal entry to record the issuance : Corporation issued 100,000 shares of $20 par value, cumulative, 8% preferred stock on January 1, 2009, for $2,100,000. In December 2011, AI declared its first dividend of $500,000.
Prepare 2011 statement of cash flows for heartland company : This information is for Heartland Company for the year ended December 31, 2011. Prepare the 2011 statement of cash flows for Heartland Company.
What was the amount of the adjustment : Time Warner Inc. reported short-term deferred revenue of $1,497 million and $1,731 million as of December 31, 2004 and 2003, respectively. For the year ending December 31, 2004, Time Warner reported total revenues of $42,089 million.
Determine the stockholders equity of walt disney : If assets increased by $3,914 and stockholders' equity increased by $2,290, what was the increase or decrease in liabilities for the year ending September 30, 2004?
Obtain how much kinetic energy is lost in the collision : A railroad car of mass 2.5 104 kg moving at 3.50 m/s collides and couples with two coupled railroad cars, How much kinetic energy is lost in the collision
Write the accounting equation for the following transactions : Turtle Creek Kennel, Inc., earns service revenue by caring for the pets of customers. Turtle Creek's main expense is the salary paid to an employee.
Determine that the accounting principles used by m&s : What is M&S's accounting policy related to refunds and loyalty schemes? Why does M&S include the accounting for refunds and loyalty schemes in its critical accounting estimates and judgments?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Describe why a management accountant would play

Describe the ethical issue and describe why a management accountant would play a role in this "overproducing" issue - Discuss your personal opinion on whether you think this is an important issue, and explain why.

  Economies of scale or scope

Show whether Loewen Group expansion from funeral homes to cemeteries affected its vertical or horizontal boundaries or both.

  Q1 a manufacturing company produces and sells 20000

q1. a manufacturing company produces and sells 20000 units of a single product. total products costs are 14 per

  What is the current ratio

A company has current assets of $80,000 (of which $30,000 is inventory) and current liabilities of $20,000. What is the current ratio?

  Illustrate what effect will this action have on ghosh

On June 30, 2012 Ghosh Company concludes that a customer's $4750 receivable (created in 2011) is uncollectible and that the account should be written off. Illustrate what effect will this action have on Ghosh's 2012 net income? Explain.

  Straightforward net-present-value and payback computations

Determine whether STL Entertainment should acquire the boat. Assume a 14% desired return on all investments,- round calculations to the nearest dollar.

  Freed capacity to launch a new product

Suppose that if the thermostats were purchased, Climate-Control, Inc., could use the freed capacity to launch a new product. The segment margin of the new product would be $65,000 per year. Should Climate-Control, Inc., accept the offer to buy the..

  Calculation of cost per equivalent unit for materials

Calculation of cost per equivalent unit for materials - The company wishes to have 10% of the next month's sales on hand at the end of each month.  Budgeted production for November is?

  Prepare the projected income statement and cash budget

The inventory of finished goods on April 1 was 120,000 units. The finished goods inventory at the end of each month equals 20 percent of sales anticipated for the following month. There is no work in process.

  Explain why is direct labor a poor base for allocating over

Explain why is direct labor a poor base for allocating overhead in many companies? In what situation would it be a strong and better way to allocate overhead? What bases do you feel are the most commonly used by most large companies? Explain.

  Analysis of the profitability of individual products

The material-handling costs allocated to one lens would be what amount and the material-handling costs allocated to one lens would be what amount? The cost driver for the material-handling activity is the number of material moves.

  What manufacturing step is a restriction

Specified the demand for 1,500 Walnut Tables what is the manufacturing time per processing step and in total to manufacture 1,500 Walnut Tables What manufacturing step is a restriction for the current demand

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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