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Fiesta28 [93]
2 years ago
12

Prior period adjustments to financial statements can result from: Multiple Choice Changes in estimates of salvage value. Materia

l math errors. Discontinued operations. Changes in tax law. Changes in estimates of useful life.
Business
1 answer:
AveGali [126]2 years ago
4 0

The answer is  material math error.

An adjusting entry is essentially a bookkeeping modification that improves the accuracy of the financial statements by reflecting the revenue and spending on an accrual basis, which is typically but not always the case. At the conclusion of the accounting period, adjustments are made. This might happen towards the end of the month or at the end of the year.

Prior period adjustments are errors or mistakes committed in the prior reporting period. These mistakes must be remedied or eliminated by taking suitable corrective action. Prior period items include factual errors, arithmetic errors, and errors in applying accounting rules.

Therefore, material math error is the correct option.

To know more about adjustment to financial statements click here:

brainly.com/question/24178504

#SPJ4

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Arrange for discussions with the customers including the possibility for full refund

Explanation:

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2 years ago
Opal Inc. used $213,000 of direct materials and incurred $111,000 of direct labor costs during 2015. Indirect labor amounted to
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
The ___________ is the only price where quantity demanded is equal to quantity supplied.
zmey [24]
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6 0
3 years ago
The price of a stock on February 1 is $84. A trader buys 200 put options on the stock with a strike price of $90 when the option
Andrews [41]

Answer:

The net loss of the trader amounts to $1,000, which means the correct option is A

Explanation:

The payoff is computed as:

Payoff = Strike price - Option's Stock price

where

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Option's Stock Price is $85

Putting the values above:

Payoff = $90 - $85

= $5 per option

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And the option cost would be:

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= $1,000 ( net loss)

Therefore, the correct option is A

7 0
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