Answer:
Entries are given below
Explanation:
Requirement A.
On January 1, 2020 Carrow purchased held to maturity investment, $60,000 of the 8% 5year bonds of Harrison, Inc for $65,118
Entry DEBIT CREDIT
Held-to-maturity securities $65,118
cash $65,118
Requirement B.
The receipt of semiannual interest and premium amortization
Entry DEBIT CREDIT
cash (60,000 x 8% x 6/12) $2,400
held to maturity sercurities $446
interest revenue(65,118 x.6% x6/12) $1,954
Answer:
If the ending inventory was understated, that means that the cost of goods sold will be overstated. If the cost of goods sold was overstated, then net profits were understated.
Explanation:
Imagine a company that sells shoes:
It bought 100 shoes at $100 each during the whole year and their ending inventory was 10 units. This means that cost of goods sold was (100 - 10) x $100 = $9,000. But someone discovered 5 pairs in some shelf that were not included in the ending inventory, then the real ending inventory was 15 units = $1,500 and not $1,000. That also means that the cost of goods sold was $8,500, not $9,000. Lower costs = higher profits.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer and Explanation:
In Microsoft Office Excel, changing the order of the worksheets in a workbook only takes to left-click on the page the user wants to move, hold the left click and drag it to the position of the workbook desired. The user can also right-click on the worksheet and select "Move or copy" from the window dialog displayed then select where the worksheet should be placed.
Answer:
None of the options are False.
Explanation:
CA means Current Account Balance
T means Taxes
G means Government Spending
S equals National Savings and
I equals Investment
Cheers!
