1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
const2013 [10]
1 year ago
12

during 2017, trey corporation accrued warranty expense based on 3.5% of net sales revenue. during 2018, trey corporation revised

its estimate to 4%. sales revenue was $2 million for each year. for the year ended december 31, 2018, the warranty-related entry would include a debit to:
Business
1 answer:
aleksandr82 [10.1K]1 year ago
8 0

For the year ended December 31, 2018, the warranty-related entry would include a debit to warranty expense of $80,000.

If it's miles impracticable to determine the cumulative impact of applying a trade-in accounting principle, then the new accounting principle should be applied prospectively as of the earliest date practicable. in this situation, the disclosures discussed in FSP 30.4.

Cumulative effect equals the difference between the actual retained profits suggested at the beginning of the yr using the antique approach and the retained income that would have been reported at the start of the year if the brand-new technique had been utilized in earlier years.

Learn more about warranty here brainly.com/question/14227081

#SPJ4

You might be interested in
Suppose that Jane enjoys Diet Coke so much that she consumes one can every day. Although she enjoys gourmet cheese, she consumes
Bas_tet [7]

Answer:

The answer is C.

Explanation:

Necessity goods are the goods or services that a consumer will continue buying whether income falls or the price rises. This type of goods are considered essential. The are not sensitive to price. To Jane, Diet coke is a necessity because she takes it everyday.

While luxury goods are goods that are really not essential. They are owned or bought for the sake of showing wealth or affluence. To Jane, gourmet cheese is a luxury good.

4 0
4 years ago
4. Which of the following parts can be stored outside without contaminating the environment? A) Brake master cylinders B) Windsh
rusak2 [61]
B.windshields
the other will all cause some sort of contamination
6 0
3 years ago
Read 2 more answers
How is the scientific method similar to or different from superstition,guessing,intuition,hope?
CaHeK987 [17]
Scientific method involves ways in which you would solve something while the others are just assuming or wondering what could happen.
3 0
3 years ago
Which of the following scenarios makes Tim liable for undue influence? a. He uses a false identity, borrows $10,000 from Kelly,
dedylja [7]

Option C , Tim takes advantage of his grandmother's illness and persuades her to sign a will leaving all her property to him.

Explanation:

A individual who demonstrates excessive control may always be someone who has a special connection with the testator who has had the ability to render the testator vulnerable who affected by terms of danger, difficulty, manipulation.

Undue interference occurs mainly in areas of probate, trust and properties, power of attorney and custody.

Indecent influence is not usually a crime in itself, but it can be a means of committing a crime, including exploitation, fraud, domestic abuse and sexual assault.

8 0
3 years ago
Which of the following is an exanple of a function skill​
Bad White [126]

Answer:

Walking

Explanation:

3 0
3 years ago
Read 2 more answers
Other questions:
  • Plastic Pretzels stock recently paid a dividend of $1.39 per share. The dividend growth rate is expected to be 3.60% indefinitel
    9·1 answer
  • Your friend Ed has a money market mutual fund​ account, automatic deposit of his paycheck into an​ interest-bearing checking acc
    10·1 answer
  • In a fine dining restaurant, which of the guests at a table should the staff serve first?
    6·2 answers
  • The following information describes a​ company's usage of direct labor in a recent​ period: Actual direct labor hours used 40 co
    10·1 answer
  • Commission earned but not received is debit or credit?​
    12·1 answer
  • On May 7, Hatch Company purchased on account 700 units of raw materials at $19 per unit. During May, raw materials were requisit
    8·1 answer
  • Briarwood Company enters into a lease for the use of a new piece of equipment. The term of the lease is 3 years, and Briarwood e
    13·1 answer
  • What are some products and services that may be purchased by calling the eight companies customer service number
    7·1 answer
  • Imagine that in the current year the economy is in long-run equilibrium. Then the federal government reduces its purchases of go
    6·1 answer
  • Content areathe point of zero profit is called the:________
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!