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valentinak56 [21]
3 years ago
12

What is the accounting problem that the linbarger company faces?

Business
2 answers:
julsineya [31]3 years ago
7 0
The problem that Linbarger company faces is that they do not have enough liquid cash in order to fulfill the promise that they made in their loan contracts.
If this happen, they might be subjected to a breach of contract and the other party has the legal ground to attack Linbarger to the court and potentially close them down.
4vir4ik [10]3 years ago
4 0

The issue that Linbarger organization countenances is that they need more fluid money so as to satisfy the guarantee that they made in their credit contracts.  

Further Explanation:  

Accounting problem:  

A bookkeeping blunder is a non-fake inconsistency in money related documentation. The term is utilized in money related revealing. Sorts of bookkeeping blunders include: Error of exclusion - an exchange that isn't recorded. Mistake of commission - an exchange that is determined mistakenly.  

Accounting problem be corrected:

1. Correct all earlier period budget summaries appeared on relative fiscal reports.  

2. Restate the starting parity of held profit for the main time frame appeared on a similar proclamation of held income if the blunder is before the primary near period.  

Five Common Accounting Mistakes and How to Avoid Them:  

1. Timely Reconciliations. Accommodating asset report accounts, for example, bank and charge card accounts, at any rate month to month is essential to an independent venture's prosperity.

2. Data Entry Errors.  

3. Lack Of Documentation Procedures.  

4. Procrastination.  

5. Not Seeking Help When Needed.

Subject: business

Level: college

Keywords: Accounting problem, Accounting problem be corrected, Five Common Accounting Mistakes and How to Avoid Them.

Related links:

Learn more about evolution on

brainly.com/question/10925741

brainly.com/question/11093021

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Anika [276]

Answer: Which of the following describes what is identified by a supply schedule?

How much suppliers will profit at various prices

How much consumers will save at various supply levels

How much suppliers will raise prices as production varies

How much of a product suppliers will produce at various prices

Explanation: A supply schedule is a table that shows the quantity supplied at each price. A supply curve is a graph that shows the quantity supplied at each price. Sometimes the supply curve is called a supply schedule because it is a graphical representation of the supply schedule.

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Answer:

$100,000

Explanation:

According to the internal revenue service ''<u>In most situations, the basis of an asset is its cost to you.</u> <u>The cost is the amount you pay for it in cash</u>, debt obligations, and other property or services. Cost includes sales tax and other <u>expenses connected with the purchase</u>.''

Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.

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3 years ago
The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and
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Total= $159,552



Giving the following information:
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Company, Customers, Competitors, Collaborators, and Climate.

Explanation:

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