Business, 13.10.2021 14:10 jesussanchez1445
Indicate where the following items would ordinarily appear on the financial statements of Boleyn, Inc. for the year 2020. a. The service life of certain equipment was changed from 8 to 5 years. If a 5-year life had been used previously, additional depreciation of $425,000 would have been charged. b. In 2020, a flood destroyed a warehouse that had a book value of $1,600,000. Floods are rare in this locality. c. In 2020, the company wrote off $1,000,000 of inventory that was considered obsolete. d. In 2017, a supply warehouse with an expected useful life of 7 years was erroneously expensed. e. Boleyn, Inc. changed from weighted-average to FIFO inventory pricing.
Answers: 2
Business, 22.06.2019 03:00
Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.
Answers: 1
Business, 22.06.2019 10:30
Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?
Answers: 2
Business, 22.06.2019 14:00
How many months does the federal budget usually take to prepare
Answers: 1
Business, 22.06.2019 15:10
Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.
Answers: 3
Indicate where the following items would ordinarily appear on the financial statements of Boleyn, In...
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