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Pachacha [2.7K]
3 years ago
10

Fox Corp. failed to accrue warranty costs of $150,000 in its December 31, 20x2, financial statements. In addition, a $130,000 ch

ange from straight-line to accelerated depreciation was made at the beginning of 20x3. Both the $50,000 and the $30,000 are net of related income taxes. What amount should Fox report as prior period adjustments in 20x3?
Business
1 answer:
faust18 [17]3 years ago
8 0

Answer:

$150,000

Explanation:

$150,000

The failure to accrue warranty expense is an accounting error. It gives rise to a Prior period adjustment in the year of discovery (20x3).

Prior period adjustments are limited to corrections of errors affecting prior-year net income. They adjust the beginning balance of retained earnings in the year of correction.

The change in depreciation method is an estimate change, which is reported in earnings. It is not a Prior period adjustmen

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The following table shows the approximate value of exports and imports for the United States from 1997 through 2001.
Alla [95]

Answer:

Year       Exports - Imports          Percentage of GDP

1997        -101.4                            1.22%                      

1998        -161.8                            1.84%

1999        -262.1                           2.80%  

2000       -382.1                           3.84%

2001         -371                              3.61%

We can see that the deficit in grew every year except for the year 2001, when it was reduced a bit. This was because the U.S. began to import more goods than it exported.

5 0
3 years ago
30points
dmitriy555 [2]

Answer:

c

Explanation:

employee monitoring is software, time clocks, video surveillance, GPS systems and biometric technology .the answer most likely c.

7 0
3 years ago
Where do the prime minster lives
Tems11 [23]

Answer:

of which country!!!!!!!!!!!!!!!!!!!

The Prime Minister's official residence is 10 Downing Street; the Chancellor's official residence is Number 11. The government's Chief Whip has an official residence at Number 12. In practice, the individuals involved may live in different flats; the current Chief Whip actually lives at Number 9.

7 0
2 years ago
If someone introduces himself using a formal introduction, you should _____.
stich3 [128]

Answer:

Follow his lead and address him formally

Explanation:

If someone addresses you formally, that is because that person expects the conversation to be formal, or because you both are in a formal enviroment, for example, a work meeting. For this reason, the best to do in such situation is to address the other person formally as well.

6 0
2 years ago
If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year
d1i1m1o1n [39]
The answer to this question would be: <span>A. $55,555
</span>In this question, the interest rate is 0.018% and you need to have $9.99 interest. That mean, you need to divide the target interest value with the current interest rate. The equation should be:

interest = bank account * interest rate
$9.99 = bank account * 0.018%
bank account = $9.99/ 0.018%   (don't forget the % mean 1/100)
bank account = $55,500

If we assume that the $9.99 value is $9.99... then the answer would be $55,555
7 0
3 years ago
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