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olga_2 [115]
3 years ago
6

2020 $254000 overstated $200000 overstated 2021 121000 understated 79500 understated Assume that purchases were recorded correct

ly and that no correcting entries were made at December 31, 2020, or at December 31, 2021. Ignoring income taxes, by how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022
Business
1 answer:
Dafna1 [17]3 years ago
8 0

Answer:

$241,500 (Understated)

Explanation:

Calculation for how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022

Retained earnings = $121,000 (Understated) + $200,000 (Understated) - $79,500 (Overstated)

Retained earnings = $241,500 (Understated)

Therefore by how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022 will be $241,500 (Understated)

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Assume you are to receive a 30-year annuity with annual payments of $2,000. The first payment will be received at the end of Yea
max2010maxim [7]

Answer:

Total FV= $678.615.02

Explanation:

<u>First, we need to calculate the value of the annuity at the end of the last payment:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,000*[(1.06^30) - 1]} / 0.06

FV= $158,116.37

<u>Now, the total future value after 25 years:</u>

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FV= $678.615.02

6 0
2 years ago
At December 31, 2020 Bramble Corp. had 298000 shares of common stock and 9800 shares of 6%, $100 par value cumulative preferred
Vika [28.1K]

Answer:

the earning per common share is $3.83 per share

Explanation:

The computation of the earning per common share is shown below

= Net income ÷ weighted number of outstanding shares

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5 0
3 years ago
When communicating a complex idea, what is most important?
Oksi-84 [34.3K]
Both A and C are almost required to communicate a complex idea. A. pulls the person into actually listening and C makes your idea comprehensible. If I had to go with one or the other, I would emphasize A since it makes certain that the person pays attention. However, putting into consideration that your teacher would likely not want that answer, I would instead go with C.
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Answer:

The statement is: True.

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Assume that there are no fixed costs and ac = mc = $200. at the profit-maximizing output and price for a monopolist, producer su
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Assume that there are no fixed costs and ac = mc = $200. at the profit-maximizing output and price for a monopolist, the producer surplus is $3200.

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A monopolist is a person, group, or company that controls and controls the market for a particular good or service. This lack of competition and lack of alternative goods or services means that monopolists have enough power to charge high prices in the market.

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