What is the effect of this overstate
An audit revealed that in determining these amounts, the ending inventory for 2012 was overstated by $18,000. The company uses a periodic inventory system.What is the effect of this overstate in Cost of goods in 2012 and 2013?
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An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $47.50 per share. What is the amount of gain or loss on the sale?
The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net income
Concessions revenue 60,300 Salaries and wages expense 46,490 Cost of concessions sold 23,450 Ticket sales 95,100 Dividends paid during the month 8,400 Water, gas, and electricity 6,700.
The following table presents a summary of ratio analysis for Uncle Joes Coffee, based on the most recent 12 months and 5 year comparisons of uncle joes with averages n the resteraunt industry and the services sector, respectively.
The book value of JJI assets and owners equity before the acquisiotion was 22 million dollars and 18 mil dollars respectively. Compute the fair value of JJI liabilities that Peterson assumed in the acquisition.
Empirical research cited in the text indicates that firms with an operating cash flow to current liabilities ratio exceeding .40 portray low short term liquidity risk.
Your answere may differ from those offered below due to rounding error. In all cases, select the answer that's the closest to the answer you computed. To reduce rounding error, carry out all computations to at least 3 decimal places.
Sometimes companies change the extent to which they can significantly influence an investee, such that they have to change to the equity method or from the equity method of accounting for the investment.
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