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alexandr1967 [171]
2 years ago
9

Ok im tired of everyone threatening me and being rude so im delelting my account

Business
2 answers:
KiRa [710]2 years ago
8 0

Answer:

wow

Explanation:

musickatia [10]2 years ago
5 0

Answer:

im sorry... i hope ur day gets better tho...

Explanation:

im here if ya ever wanna talk :)

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The reported net incomes for the first 2 years of Sarasota Products, Inc., were as follows: 2020, $155,500; 2021, $188,100. Earl
Phoenix [80]

Answer:

Dr retained earnings($21,600+$15,800) $37,400.00

Cr  accumulated depreciation                                         $21,600

Cr inventory                                                                       $15,800

Explanation:

The errors that require adjustment are the overstatement and understatement of depreciation expense as well as the December 2021 overstatement of inventory.

The understatement of inventory in 2020 would have self-corrected itself in 2021 since closing inventory in 2020 deducted from costs of goods available  for sale would be introduced as opening inventory in 2021.

net effect of depreciation=understatement -overstatement=$37,500-$15,900=$21,600.00

hence retained earnings would reduce by $21,600.00

for the overstatement of inventory,retained earnings would reduce by $15,800

5 0
2 years ago
The _____________ approach to GDP follows the flows of income to each sector of the economy and concludes with the GDP..
grandymaker [24]

Answer:

D. None of the above

Explanation:

Gross Domestic Product (GDP) is the total monetary value of all the goods and services a country produces within a period of time.

There are various approaches to calculating GDP which include; the income approach, expenditure approach and output approach.

The income approach to calculating GDP considers income from all the factors of production (profits, interest, rental and labor incomes) in each sector of the economy to arrive at the National income of the country.

6 0
2 years ago
jayda started a corporation that creates software products for clients. which statement correctly reflects jayde's role in the c
HACTEHA [7]

Answer:

good for herlelellelelel

4 0
3 years ago
Read 2 more answers
What is the key difference between command and market economies?
VladimirAG [237]

Answer:

Key Takeaways

Explanation:

7 0
2 years ago
Steve owns Barb, Inc. and has grown the business over the last 15 years and is the sole owner. He decides to sell 40 percent of
Mamont248 [21]

Answer:

a. Steve will not have a capital gain in Year 1 for tax purposes.

Explanation:

Since Steve (the owner of Barb) sold his stocks to an ESOP (employee stock ownership plan), then he will be able to avoid capital gains taxes at least for the first year. ESOPs are qualified retirement plans and when they invest in stocks of the same sponsoring company, the transaction is not taxed if the seller reinvests (buys other stocks). As long as ESOP holds at least 30% of the company's stocks, then Steve can defer his taxes.

3 0
2 years ago
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