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Ksivusya [100]
3 years ago
7

Link Co. purchased machinery that cost $3,000,000 on January 4, 2019. The entire cost was recorded as an expense. The machinery

has a nine-year life and a $200,000 residual value. The error was discovered on December 20, 2021. Before the correction was made, and before the books were closed on December 31, 2018, retained earnings was understated by:__________
a. $3,000,000.
b. $2,066,667.
c. $2,377,778
d. $2,333,333.
Business
1 answer:
Natali5045456 [20]3 years ago
7 0

Answer:

See below

Explanation:

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A certain chicken company decides that it will become the market leader in the poultry business in five years with a 40 percent
Stolb23 [73]

Answer:

The correct answer is letter "E": goal.

Explanation:

Goals represent the objectives companies set to accomplish over a specific period and represent the reason why the firm takes several methodical steps towards achieving that mission. Goals can be <em>quantified </em>and <em>measured </em>to verify inf they are achievable.

5 0
2 years ago
How much of the stuff bought in the madness gets returned shortly after?
babymother [125]

Usually, people will buy 2 or 3 products that function almost the same; after that, they will be returned goods that don't match what they want.

Return of goods can be done in accordance with the terms and a predetermined period of time. In addition, there must be proof of purchase.

Sales returns are receipts of goods by the seller that are returned from the buyer. With a return policy, every item that has been purchased can be returned to the store that sold it as long as it is within the specified time and money equal to the price of the item will be returned.

Reasons for consumers returning goods are generally because they do not fit the size (for example clothing, mattresses, shoes, and others), do not meet expectations or there are similar items that are more attractive and more useful.

Learn more about example of a return transaction here :

brainly.com/question/11794378

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7 0
1 year ago
H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year. Ending inventory informatio
irinina [24]

Answer:

The calculation is shown below:

Explanation:

According to the scenario, the computation of the following data can be done as follows:

Total Cost = Quantity × Unit Cost

Total NRV = Net Realizable Value × Quantity

So, by putting the value in the formula, we get,

Item       Quantity     Total Cost        Total NRV    Lower of cost or NRV

A             59   $1,416.00         $1,239.00         $1,239.00

B             89   $3,471.00         $4,361.00         $3,471.00

C             19   $1,083.00        $1,159.00         $1,083.00

D             79   $2,686.00        $3,081.00         $2,686.00

E             359   $6,821.00         $5,026.00              $5,026.00

Total                   $15,477.00        $14,866.00         $13,505.00

6 0
3 years ago
When would you use a cashier's check ?
AleksAgata [21]
Is this an open ended question ? Or multiple choice ?
6 0
3 years ago
When changing from the average cost method to FIFO, the company: rev: 11_13_2020_QC_CS-240633 Multiple Choice Revises comparativ
Nata [24]

Answer:

my number is 678-918-5374

Explanation:

3 0
3 years ago
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