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Allushta [10]
3 years ago
5

Barin Retail Outlets incorrectly recorded inventory in 2016. Rather than recording ending inventory as​ $960,000, Barin's accoun

ting manager entered​ $690,000, understating ending inventory by​ $270,000. Barin's controller discovered the error in 2018. Prepare the journal entry necessary to correct the inventory​ error, ignoring any income tax effects.

Business
1 answer:
Dennis_Churaev [7]3 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

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The Two Sisters has a return on assets of 9 percent and a dividend payout ratio of 75 percent. What is the internal growth rate
Anettt [7]

The internal growth rate of a firm is best described as the: A. minimum growth rate achievable assuming a 100 percent retention ratio. B. minimum. The tax rate and the dividend payout ratio will be held constant. Current and. The Two Sisters has a 9 percent return on assets and a 75 percent retention ratio.

hope this helps.

7 0
3 years ago
I need help with this question if someone could please help me.
marusya05 [52]
B is the correct answer.
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3 years ago
On January 1, 20X4, Polar Corp. paid $104,000 for $100,000 par value, 9% bonds of Seal Corp. Seal had issued $300,000 of the 10-
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Answer:

$14,000

Explanation:

Amount of interest expense = [(Bond issued by 'S' company x 9%) - Amount of    

                                                   premium x (unsold bonds / Bonds issued)]

                                           =  (300,000 x 0.09) - 60000/10 x 200,000/300,000

                                          =  (27,000 - 6000) x 0.66667

                                          =  21,000 x 0.66667

                                          = $14,000

                                         

 

7 0
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cyclical unemployment

5 0
3 years ago
The __________ is the difference between annual government expenditures and revenues.
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The standardized deficit <span>is the difference between annual government expenditures and revenues.
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7 0
3 years ago
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