Answer:
-$28,200
Explanation:
when the inventory closing balance is overstated, the cost of goods sold is understated and as such the net income which is posted to the retained earnings will be overstated.
For the overstatement of depreciation, the net income will be understated by the same amount.
The reverse is the effect on net income for these items where the misstatement is otherwise.
Retained earnings adjustments required on January 1, 2022
= -$60,000 + $25,700 + $12,500 - $6,400
= -$28,200
The answer to the question above is the last option: TECHNOLOGICAL ADVANCEMENTS. This is known to be the source of the growth of entrepreneurship. Technological advancements have been increasing with time and this makes the lives of people easier, having different tasks done in a more comfortable manner. Also, with entrepreneurship, technological advancements have improved different styles and ways most especially, with the use of the internet and computer-generated devices. This made buying and selling easier and attainable for both the sellers and the buyers.
Answer:
Baltimore Ravens and San Francisco 49ers
Explanation:
Been the best two teams so far this season, and Ravens have gameplan to knock out the patriots.
Answer:
common stockholders
Explanation:
After taxes have been paid to the government, bondholders are paid.
Bondholders are those who borrow money to a company. They are paid fixed contractual amount at set dates
After bondholders have been paid, preferred stockholders are paid.
common stockholders are the last to be paid. common stockholders are owners of the company. common stockholders are individuals that purchase the shares of a company