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3 years ago

Sheffield Company discovered the following errors made in January 2022.

Business

1 answer:

Tasya [4]3 years ago

4 0

Answer:

1. Dr Cash 400

Cr Equipment 400

Dre Wages expense 400

Cr Cash 400

2. Dr Service revenue 550

Cr Cash 550

Dr Cash 5,500

Cr Service revenue 5,500

3. Dr Accounts payable 260

Cr Equipment 260

Dr Equipment 620

Cr Accounts payable 620

1. Dr Wages expense 400

Cr Equipment 400

2. Dr Cash 4,950

Cr Service revenue 4,950

3. Dr Equipment 360

Cr Accounts payable 360

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3 years ago

Verizon Manufacturing Company spent $400,000 in 2019 to inspect incoming components. Of the $400,000, $240,000 is fixed appraisa

eimsori [14]

Answer:

The question is incomplete, the option include:

$20,000 decrease.
$45,000 decrease.
$80,000 decrease.
$160,000 decrease. is Correct
$320,000 decrease.

Explanation:

1. In 2019 the number of finished units with internal faults = $400,000 completed units * 0.05 = $20,000.

2. In 2020 the number of finished units with internal faults = $20,000* (1 -0.1) = $18,000.

3. In 2020, the projected cost of internal failure= $18,000 * $80= $1,440,000;

4. In 2019 the expense of internal failure= $20,000 * $80 = $1,600,000.

5. Projected shift in the cost of internal failure = $1,600,000 - $1,440,000 = decrease of $160,000

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3 years ago

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Explanation:

The assertion that assertion relates to the statement that Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts is the valuation assertion.

According to the assertion of accuracy and valuation, it simply means that all the figures that are presented in a financial statement are known to be accurate and are based on proper valuation of the assets, the liabilities and the equity balances

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3 years ago

There are two main ways to measure social inequality, they are: Inequality of conditions refers to the unequal distribution of i

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Answer:

True.

Explanation:

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3 years ago

PLEASE HELP ASAP ITS A TEST

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Answer:

A is the right answer so right it

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3 years ago

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