subject
Business, 21.05.2020 22:03 queenb1416

For 2017, P Co. estimated its two-year equipment warranty costs based on $23 per unit sold in 2017. Experience during 2018 indicated that the estimate should have been based on $25 per unit. The effect of this $2 difference from the estimate is reported:

In 2018 income from continuing operations.

As an accounting change, net of tax, below 2018 income from continuing operations.

As an accounting change requiring 2017 financial statements to be restated.

As a correction of an error requiring 2017 financial statements to be restated.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 08:30
Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement
Answers: 2
question
Business, 22.06.2019 13:40
After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.
Answers: 2
question
Business, 22.06.2019 19:00
Consider the following information on stocks a, b, c and their returns (in decimals) in each state: state prob. of state a b c boom 20% 0.27 0.22 0.16 good 45% 0.16 0.09 0.07 poor 25% 0.03 0 0.03 bust 10% -0.08 -0.04 -0.02 if your portfolio is invested 25% in a, 40% in b, and 35% in c, what is the standard deviation of the portfolio in percent? answer to two decimals, carry intermediate calcs. to at least four decimals.
Answers: 2
question
Business, 22.06.2019 19:00
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
Answers: 2
You know the right answer?
For 2017, P Co. estimated its two-year equipment warranty costs based on $23 per unit sold in 2017....
Questions
question
Mathematics, 06.05.2020 08:05
question
Mathematics, 06.05.2020 08:05
question
Mathematics, 06.05.2020 08:05
question
Mathematics, 06.05.2020 08:05