Business, 21.02.2020 01:40 laurenppylant
For the year ending December 31, Orion, Inc. mistakenly omitted adjusting entries for $1,500 of supplies that were used, (2) unearned revenue of $4,200 that was earned, and (3) insurance of $5,000 that expired. For the year ending December 31, what is the effect of these errors on revenues, expenses, and net income?A. expenses are overstated by $6,500B. net income is overstated by $2,300C. revenues are overstated by $4,200D. expenses are understated by $3,500
Answers: 2
Business, 22.06.2019 03:30
Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics
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Business, 22.06.2019 17:30
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Business, 22.06.2019 20:40
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Answers: 1
Business, 23.06.2019 00:30
In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.
Answers: 2
For the year ending December 31, Orion, Inc. mistakenly omitted adjusting entries for $1,500 of supp...
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