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Anna71 [15]
2 years ago
14

In 2021, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round

dice. The cumulative patent amortization prior to 2021 would have been $18 million higher had the new life been used. Barney's tax rate is 25%. Barney's retained earnings as of December 31, 2021, would be:
Business
1 answer:
Nikitich [7]2 years ago
8 0

Answer: unaffected

Explanation:

We should note that a retrospective adjustment isn't necessarily needed when there's an alternation to a accounting estimate.

With regards to this Barney's retained earnings as of December 31, 2021, would neither be understated or overstated but would be unaffected.

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The answer is the ability to earn above average returns indefinitely

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To earn above the average returns are form of returns in excess of what an investor expects to earn from other investments with similar amount of risk. This gives an ability to manufactures to produce at the lowest cost, which is an advantage to organizations.

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3 years ago
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eimsori [14]

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<u>Greater</u>

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3 years ago
A___ warranty promises replacement or refund for defective products.
alukav5142 [94]

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A written warranty promises replacement or refund for defective products.

5 0
2 years ago
0.5 pts Congress has not allowed widespread work stoppages to occur in the railroad industry but has resolved disputes by enacti
iogann1982 [59]

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True or False

True - explanation below

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The congress has been able to prevent the widespread stoppages because they have the power to enforce the emergency board recommendations. These recommendations were viewed by the parties to be very valuable and could definitely serve as the grounds for the resolutions of disputes that may arise.  

A one-day rail strike that happened in 1991 was resolved by the congress by enacting PUB L.102 -29 which was said to have the effects of imposing many of the recommendations of Presidential Emergency Board ( PEB) 219

4 0
3 years ago
Half of all potential customers would pay $10 for your product but half would only pay $8 but you cannot tell them apart. Your m
IgorLugansk [536]

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The correct answer is b) $4.

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