An example of cultural conflict is the debate over abortion. Ethnic cleansing is another extreme example of cultural conflict. Wars can also be a result of a cultural conflict; for example the differing views on slavery were one of the reasons for the American civil war.
Answer:
See below
Explanation:
With regard to the above information,
1. Corrected cost of goods sold is computed as
= Cost of goods sold + Overstated ending inventories 2019 - overstated ending inventories 2020
= $1,322,900 + $106,470 - $36,820
= $1,253,250
2. Corrected 12/31/2020 retained earnings is computed as
= Retained earnings DEC 2020 - overstated ending inventories 2020
= $4,854,000 - $36,820
= $4,817,180
Answer:
Amortization of the discount at December 31, 2020 will include: a debit to interest expense for $8,200.
Explanation:
Note is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.
Since the face value of the note was $511,000 and the inventory was $498,700, then discount on the note is $12,300.
Amortization of the discount at December 31, 2020 will include: $12,300 / 3 x 2 months = $8,200.
A philanthropist is a person who seeks to promote the welfare of others, especially by the generous donation of money to good causes.
Explanation:
A SWOT analysis is a framework that is used to analyze a company's competitive positioning in its business environment. Coca-Cola is carefully reviewing its SWOT analysis and using it to make strategic decisions. ...
