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Sav [38]
3 years ago
11

During 2025, Saul Company discovered that the ending inventories reported on its financial statements were incorrect by the foll

owing amounts: 2023 $60,000 understated 2024 $75,000 understated Prior to any adjustments for these errors and ignoring income taxes, 2024 Net Income would be:
Business
1 answer:
11111nata11111 [884]3 years ago
7 0

Answer:

$15,000 overstated

Explanation:

       Item                                             Amount

Inventories over stated in 2024      $75,000

Less: Under stated in 2023              ($60,000)

Inventories over stated in 2025     $15,000

Overstated inventory means, cost of goods will be understated in income statement. so net income will show as overstated. it means retained earnings also overstated by $15,000

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Structures are derived data types, they are constructed using objects of other types
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3 years ago
Difference between luna and sol?​
mr Goodwill [35]
Luna-moon
Sol- sun

The difference of luna and sol would be that the moon (luna) comes out in the night and the sun (sol) comes out during the day


Hope this helps!!!!!!!
5 0
3 years ago
"The time horizon to be used when constructing a portfolio to pay for college expenses for a person who is expected to start col
Karolina [17]

Answer:

15 years

Explanation:

If you are constructing a portfolio to cover the education expenses of your child and you expect that he/she graduates from college in 15 years, then the time horizon of your portfolio should be 15 years since it should cover all the expenses until your child graduates. If you start a little earlier and expect your child to graduate in 20 years, the time horizon will be 20 years, or if you start a little later and expect your child to graduate in 10 year, then the time horizon is 10 years.

7 0
3 years ago
On August 1, Batson Company issued a 60-day note with a face amount of $58,800 to Jergens Company for merchandise inventory. (As
Trava [24]

Answer:

a. $58,800

b. $57,820

Explanation:

Generally, notes are issued on the discounted or face value. It is face value when the price of the note is the same as the face value while it is discounted when the price of the note is lower than the face or par value.

a. Since the note is issued on the face value of $58,800 , it means that the proceed is the same amount. The proceeds from a note that is issued, is that price at which the note is issued.

b. Discount value

= $58,800 × 10% × 60/360

= $980

Proceeds

= Face/par value of the note - Discount value of the note

= $58,800 - $980

= $57,820

5 0
3 years ago
in supply chain The competitive characteristics that persuade a customer to choose one company's products over those of another
Stella [2.4K]

Answer:

correct answer is Order winner

Explanation:

in the supply chain, every firm want more profit  

for more profit, they want  increase their supply chain and sell more product  

so in this competitive characteristics customer choose 1 company product over another company with their attractive offers  

so as that order winder is special products and service that attribute desire from the customers that enable the company to win by beating competition in the market  

so correct answer is Order winner

7 0
4 years ago
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