Answer:
Income +/- inventory adjustment
2015:   138,000 - 23,000 = 115,000
2016:  254,000 + 61,000 = 315,000
2017:   168,000 + 17,000 = 185,000
Explanation:
<u>Inventory Identity:</u>
Beginning + Purchases = Ending + COGS
As the mistake is on the right side it compensates by the other component which is COGS
<u><em>When the inventory is overstated</em></u> this means COGS is understated. 
We didn't record the cost of good sold thefore our gross profit is higher making the net income higher.
<u><em>When the inventory is understated</em></u> this means COGS is overstated. 
We record more cost of goods sold thefore our gross profit is lower making the net income fewer as well.
 
        
             
        
        
        
ctugalsvyhiewfvgbiubvrrebf ndhjbbvfhjbjkrebjerv rejrbvujrbrefjrbjuv rv;rvbnrjrvbvrf rntrntrbrhtbfvjbsjbfg jtbrgnnjnbjobgfrm,rtb bg btrjtrbtnotrnobtrnjklv mfbgvnb fjfv trbu rt u  rtsubrtsvjrt btv rt rt t rt trnm fgrbk gbf nrftbv kngtrb nkgbtr rgbtsbkjtbgr mtb
 
        
             
        
        
        
Answer: the correct answer is A) If real property is involved in the sale, the broker (Alison, in this case) usually treats the sale of the business and sale of the land/building as two separate and concurrent transactions with two concurrent and contingent escrows.
Explanation:
The sale of business opportunities may involve the sale of only personal property.
Alison, in dealing with the sale of business opportunities, must remember to inform the purchaser of the various governmental agencies that the purchaser should contact for required permits, licenses, and clearances. These agencies include the IRS, State Board of Equalization, State Department of Benefit Payments, State Department of Industrial Relations, and various other county and municipal agencies.
The sale of a business opportunity includes the business's stock, trade fixtures, and trade name, a competition agreement, and lease assignment. While such a sale also includes the goodwill of a business, a monetary value cannot be placed on the goodwill.
 
        
             
        
        
        
Answer:
 the  labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable 
Explanation:
The computation of the labor rate variance and labor efficiency variance is given below;
For Labor rate variance 
= $12,000 - (2000 × 7)
= $2000 F    
And, the Labor efficiency variance is 
= 7 × (2000 - 3000 × 0.5)
= $3500 U	
Hence, the  labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable