Answer:
$76,100 net operating loss
Explanation:
The computation of the overall company net operating income (loss) is shown below:
= East sales - east Variable costs - east Traceable fixed costs - east Allocated common corporate costs - west Allocated common corporate costs
= $550,000 - $198,000 - $169,500 - $117,500 - $141,100
= -$76,100 loss
Since the west division is eliminated so all the items would be ignored except Allocated common corporate costs
Answer and Explanation:
The answer is attached below
Answer:
overstated
Explanation:
Adjusting entry is a term used in the accounting process, which describes journal entries usually carried out at the end of an accounting period to assign income and expenditure to the period in which they actually happened.
However, the journal entry to identify a deferred revenue is to debit or increase cash and credit or increase a deposit or another liability account.
Hence, Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what OVERSTATED
A likely reason that a company would move its facility from one location to another is that they would like to access various modes of transportation, such as boats and/or railroad.