Business, 22.10.2019 19:50, sebascarvallo2003
Ap5-5 ethics you have recently been hired as the assistant controller for stanton industries. your immediate superior is the controller who, in turn, reports to the vice president of finance. the controller has assigned you the task of preparing the year-end adjustments. for receivables, you have prepared an aging of accounts receivable and have applied historical percentages to the balances of each of the age categories. the analysis indicates that an appropriate balance for allowance for uncollectible accounts is $180,000. the existing balance in the allowance account prior to any adjustment is a $20,000 credit balance. after showing your analysis to the controller, he tells you to change the aging category of a large account from over 120 days to current status and to prepare a new invoice to the customer with a revised date that agrees with the new aging category. this will change the required allowance for uncollectible accounts from $180,000 to $135,000. tactfully, you ask the controller for an explanation for the change and he tells you, "we need the extra income; the bottom line is too low." required: 1. understand the reporting effect: what is the effect on income before taxes of the change requested by the controller?
Answers: 3
Business, 22.06.2019 22:30, queenjay34
Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.
Answers: 3
Business, 23.06.2019 01:30, desimond01
Jodie lives in a developing nation where the local markets are underdeveloped in terms of domestic exposure. her country wants to boost these domestic industries in the face of heavy competition from foreign players in the market. which trade practice should jodie’s country adopt to shield its domestic industries from foreign players? jodie’s country should adopt to shield its domestic industries from foreign players. typing answer
Answers: 1
Ap5-5 ethics you have recently been hired as the assistant controller for stanton industries. your i...
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