How did you feel while you were discussing your inventories with your family members

Business

1 answer:

Law Incorporation [45]2 years ago

5 0

Felt pretty alright yo

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A benefit of earning an hourly wage instead of a salary is

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Effect of Inventory Errors During the taking of its physical inventory on December 31, 20Y3, Sellers Company incorrectly counted

Illusion [34]

Answer:

Cost of goods sold = overstated : $24,265

Current assets = understated : $24,265

Gross profit = understated : $24,265

Inventory = understated : $24,265

Net income = understated : $24,265

Stockholders' equity = understated : $24,265

Total assets = understated : $24,265

Explanation:

Inventory was understated by $24,265 ($327,560 - $303,295). Since inventory is an Asset, also it is a Income Statement element and consequently affects Retained Earnings (Distributions to Shareholders) , the effect is shown above.

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Which is an example of an economic factor that affects the business environment

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Here are a couple of things hope they help

1.) Interest rates
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3.) Currency
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In early January, Burger Mania acquired 100% of the common stock of the Crispy Taco restaurant chain. The purchase price allocat

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Explanation:

Because trademarks have an unlimited effective life of 4 million dollars, the regulation is not valid.

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The copyright worth $6 million for five years is the only inviolable thing you can amortize.

The gross amortization cost in relation to these things in the income statement of Burger Mania for the first year ending December 31 would amount to $800,000.

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