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Ivenika [448]
3 years ago
14

Changes in accounting estimates are: Multiple Choice Extraordinary items. Accounted for with a cumulative "catch-up" adjustment.

Considered accounting errors. Reported as prior period adjustments. Accounted for in current and future periods.
Business
1 answer:
Tom [10]3 years ago
4 0

Answer:

The answer is D. Accounted for in current and future periods.

Explanation:

A change in accounting estimate is an adjustment of the carrying value of an asset or liability arising from reassessing the expected future economic benefits and obligations associated with that asset or liability.

Changes in accounting estimates must be shown in the accounting period in which the estimates are revised and periods after i.e accounted for prospectively. Example is a change in useful life and salvage value of a fixed asset

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Gross domestic product is calculated by summing up
Andrews [41]

Answer:

option D i,e sum of market value of goods & services manufactured during a given time period.

Explanation:

option D i,e sum of market value of goods & services manufactured during a given time period.

Gross Domestic Product is the total sum of market value of all product that produced by an organisation within in country in given time limit. it is used as an indicator which indicate the country wealth condition in specified time limit. if GDP of any country is in good condition that mean the country is producing good income from all sector of manufacturing goods

5 0
3 years ago
Samson's purchased a lot four years ago at a cost of $398,000. At that time, the firm spent $289,000 to build a small retail out
vladimir1956 [14]

Answer:

initial cash flow is 2,929,000

Explanation:

Attached is the table

3 0
4 years ago
A local ice-cream parlor has 100 customers in the "rush" hour between 5PM and 6PM (assume that the customers arrive according to
WITCHER [35]

Answer: 36 seconds.

Explanation:

Based on the information given in the question, the Taktzeit for the ice-cream scoopers will be calculated thus:

First and foremost, Taktzeit refers to the time taken between the beginning of production for one unit and the beginning of the next unit.

From the information given, the available Time is 1 hour which can be converted to secunds and this will be:

1 hour = 3600 seconds

Hourly Demand = 100

Then, the takzeit will be:

= 3600/100

= 36 seconds

5 0
3 years ago
When an investor performs an investigation while considering acquisition of a property, this is referred to as:
Dafna11 [192]

When an investor performs an investigation while considering the acquisition of a property, this is referred to as Due diligence.

<h3>what is Due diligence?</h3>

The systematic analysis and reduction of risk associated with a business or investment decision are known as due diligence.

Any stock can be thoroughly investigated by an individual investor utilizing easily accessible public information.

Numerous additional investment types can be made using the same due diligence method.

A company's financials are examined, compared over time, and benchmarked against rivals as part of due diligence.

Numerous other situations call for due diligence, such as checking a prospective employee's background or reviewing customer feedback.

In order to lower risk exposure, due diligence is primarily used. The procedure makes sure that each party understands the specifics of a transaction before agreeing to it.

To know more about due diligence refer to :

brainly.com/question/17188570

#SPJ4

4 0
2 years ago
Brown Company purchased equipment in 2011 for $150,000 and estimated a $10,000 salvage value at the end of the equipment's 10-ye
vazorg [7]

Answer:

The journal entry for disposal of equipment will be as follows;

Explanation:

Accumulated Depreciation          Dr.$98,000

Cash                                              Dr.$40,000

Loss on disposal (150-98-40)       Dr.$12,000

Equipment                                    Cr.$150,000

4 0
3 years ago
Read 2 more answers
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