The answer is material math error.
An adjusting entry is essentially a bookkeeping modification that improves the accuracy of the financial statements by reflecting the revenue and spending on an accrual basis, which is typically but not always the case. At the conclusion of the accounting period, adjustments are made. This might happen towards the end of the month or at the end of the year.
Prior period adjustments are errors or mistakes committed in the prior reporting period. These mistakes must be remedied or eliminated by taking suitable corrective action. Prior period items include factual errors, arithmetic errors, and errors in applying accounting rules.
Therefore, material math error is the correct option.
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Answer:
I will choose Project B
Payback period of Project A is 4.2 years
Explanation:
IRR shows the percentage rate at which the net present value of the cash flows are zero. The more IRR rate of the project the more beneficial it is.
IRR
Project A = 31%
Project B = 38%
In this Question the IRR of Project B is higher so, it will be more beneficial and I will select it based on IRR ignoring all other factors.
Payback period of Project A is 4.2 years means 4 years, 2 months and 12 days.
Answer:
$4,350
Explanation:
Calculation to determine your net profit or loss on this investment
Net profit = (-$0.60 - $42.70 + $52) × 100 × 5
Net profit= $4,350
Therefore your net profit or loss on this investment is $4,350
Answer:
The cash provided by investing activities is $91900
Explanation:
The net cash provided or (used) by investing activities is computed thus:
Sale of land and building $194800
Purchase of land ($44700)
Purchase of equipment ($58200)
Net cash provided by investing activities $91900
The purchase of treasury refers to purchase of own shares from shareholders,hence it is a financing activity
Payment of dividends to shareholders is also a financing activity
Issuance of common stock and retirement of bonds are also financing activity-related,as a result they do not feature in the above computation of cash provided or used by investing activities
