subject
Business, 21.01.2022 03:30 freemankellie

A company reported a net loss of 16,000,000. However, an understatement of 28% was made on the opening stock ( recorded figure was 3,600,000) ; closing stock was overstated by 450,000 and purchases overstated by 700,000. What is the correct net profit or loss.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 12:30
Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes
Answers: 2
question
Business, 22.06.2019 19:40
The martinez legal firm (mlf) recently acquired a smaller competitor, miller and associates, which specializes in issues not previously covered by mlf, such as land use and intellectual property cases. given the increase in the firm's size and complexity, it is likely that its internal transaction costs willa. decrease. b. increase. c. become external transaction costs. d. be eliminated.
Answers: 3
question
Business, 22.06.2019 19:50
Bulldog holdings is a u.s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship
Answers: 2
question
Business, 22.06.2019 22:10
Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800
Answers: 1
You know the right answer?
A company reported a net loss of 16,000,000. However, an understatement of 28% was made on the openi...
Questions
question
Mathematics, 15.04.2021 22:40
question
Mathematics, 15.04.2021 22:40
question
Social Studies, 15.04.2021 22:40
question
Mathematics, 15.04.2021 22:40
Questions on the website: 13722360