1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Step2247 [10]
3 years ago
11

Adjustment error. The accountant for Stringer Services failed to adjust the Supplies account to recognize the amount consumed du

ring March. As a result of this error, will the following items be overstated, understated, or unaffected? a. March revenues will be ________________. b. March expenses will be ________________. c. March net income will be _______________. d. Ending owner’s equity as of March 31 will be _________________. e. Assets as of March 31 will be __________________. f. Liabilities as of March 31 will be _________________.
Business
1 answer:
gladu [14]3 years ago
6 0

Answer:

a. unaffected

b. understated

c. overstated

d. overstated

e. overstated

f. unaffected

Explanation:

The journal adjustment entry for supplies consumed should be;

Supplies expense A/C                                            Dr.

     To Supplies  A/C                                    

(Being supplies consumed recorded)

Supplies expense being an expense and supplies being an asset, the omission would lead to understated expenses since the expense has not been recorded and overstated assets since the cost of supplies used was supposed to be reduced from assets balance.

You might be interested in
Geoffco's project manager names three individuals and requests a project budget of $3,000,000 for the new 8-Pod, a backpack-size
11111nata11111 [884]

Answer:

B) conceptualization

Explanation:

Conceptualization -

It is the phase of the life cycle of project , where the capability to give an idea or concept is considered .

This phase is the very first phase for the life cycle of the project , where all the initial steps are taken to start the project .

Hence , from the question ,  

the project manger of the Geoffco company , assign three individual the a task to perform .

Therefore , the correct term for the given statement is B) conceptualization .

6 0
3 years ago
If a tree grew more than 3 feet during the year, how much more likely is it that the tree was at most 50 yards from the river?
KiRa [710]

To answer the problem, we are first to convert the measurement given in yards to feet using the appropriate dimensional analysis.

<span>                                = (50 yards) x (3 ft / 1 yard) = 150 ft</span>

We divide the calculated value by the given rate,

<span>                              n = 150 ft / (3 ft/year) = 50 years</span>

<span>Therefore, it will 50 years for the tree to grow 150 ft. </span>
8 0
3 years ago
Read 2 more answers
Depreciation is a source of cash inflow because
vazorg [7]

Answer: a. it is a non-cash expense, so it needs to be added back to net income when using the indirect method.

Explanation: Depreciation is the measurement of the decline in value of assets. When using the indirect method, since net income is a starting point in measuring cash flows from operating activities, depreciation expenses must be added back to net income. Depreciation is a source of cash inflow because it is a tax-deductible non-cash expense as a result it provides a tax reduction benefit which increases cash flow.

6 0
3 years ago
The united states can use all its resources to produce 250 dvds or 500 shoes. china can use all of its resources to produce 30 d
Darina [25.2K]
It is two shoes. Leave a thanks if it benefited you!
8 0
3 years ago
QUESTION 2
solong [7]

Answer:

C. What is the relationship between salary, measured in dollars, and age, measured in years?​

Explanation:

Qualitative descriptive statistic will provide an enhanced presentation toward a certain occurrence, but the data is not measured by numbers.

When you see option A, frequencies and percentage is measured by numbers. So we can cross this out.

In option D, means and standard deviations is also measured in numbers.

This only leave us with option C.

8 0
3 years ago
Other questions:
  • When a first mover does not have complementary assets, barriers to imitation are high, and there are several capable competitors
    13·1 answer
  • Shot-term financial goals include saving for
    13·1 answer
  • Suppose a tax is imposed on each new hearing aid that is sold. The supply curve is a typical upward-sloping straight line, and t
    8·1 answer
  • George, the financial manager of a firm, executes his tasks with commitment. He takes his responsibilities seriously. Which of t
    14·1 answer
  • How does the economy of ancient Rome compare to today's modern economy?
    6·1 answer
  • Skolits Corp. issued 15-year bonds 2 years ago at a coupon rate of 7.3 percent. The bonds make semiannual payments. If these bon
    8·1 answer
  • Pinder Co. produces and sells high-quality video equipment. To finance its operations, Pinder issued $25,000,000 of five-year, 7
    9·1 answer
  • 3. What can understanding economics forever change about you?
    13·1 answer
  • A similarity between the customer relationship management process and the supplier relationship management process is that both
    6·1 answer
  • If you encounter a team member expressing anger over a change, how should you respond?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!