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erica [24]
3 years ago
9

Kilian Company's inventory balance at the end of the current year does not include $10,000 of inventory that was stored in a sep

arate warehouse and accidentally excluded from the physical count. If the error is not discovered, the effect of this error on financial statements in the following year will be_________
Business
1 answer:
Flauer [41]3 years ago
8 0

Answer:

underestimated inventory

net income decrease

higher storage expenses

Explanation:

decrease in net income since it could not be sold

higher expenses for storage to maintain inventory

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The difference between the wages at the two jobs plus 150.00.

Explanation:

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The city of Ann Arbor Michigan buys a police car manufactured in Germany. In the GDP accounts this transaction is included in a.
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Answer:

A. In government expenditures and imports.

Explanation:

We are informed about how The city of Ann Arbor Michigan buys a police car manufactured in Germany.

In the case of this transaction, it is included in GDP accounts in government expenditures and imports.

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8 0
3 years ago
cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly t
Vikentia [17]

Answer:

4 years

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7 0
3 years ago
Sanyu Sony started a new business and completed these transactions during December.
timurjin [86]

Answer:

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Explanation:

see the attached file below

Download docx
3 0
3 years ago
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