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atroni [7]
3 years ago
10

On august 31 of the current​ year, harvey co. decided to change from the fifo periodic inventory system to the​ weighted-average

periodic inventory system. harvey uses u.s. gaap​, is on a calendar year​ basis, and does not present comparative financial statements. the cumulative effect of the change is​ determined:
Business
1 answer:
Vsevolod [243]3 years ago
4 0
The answer is "<span>As of January 1, Year 1".

The cumulative impact of an adjustment in accounting rule squares with the difference between retained income toward the start of time of the change and what retained profit would have been if the change was applied to all influenced earlier periods, accepting comparative financial statements are not exhibited. Starting retained profit of the earliest year exhibited is balanced for the cumulative impact of the change.
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focus group

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Environmental Protection Agency

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All other factors being equal, what would the premium be like in a survivorship life policy as compared to the premium in a join
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3 years ago
Which situation best describes the role of businesse in the circular flow of goods
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I think is 475848 because I just timed by 48 so I got 475848
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3 years ago
Marvin Corporation has the following information reported on the balance sheet as of December 31, 2017 Common Stock, $10 par val
SCORPION-xisa [38]

Answer:

  • How many shares of common stock are outstanding?

C. 3,000

Explanation:

Treasury stock, are those that the company repurchase from the market and keep it in the company, in this case the company keep the shares in the accounting and the shares could be reissued in the future.

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3 0
3 years ago
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