Business, 07.11.2019 01:31, naomicervero
Krafty kris, inc., discovered the following errors after the 2017 financial statements were issued:
a. a major supplier shipped inventory valued at $8,550 to krafty kris on consignment. this merchandise was mistakenly included in the inventory taken by krafty kris on december 31, 2016. (goods shipped on consignment are the property of the consignor and should not have been included in krafty kris's inventory.)
b. krafty kris renewed its liability insurance policy on october 1, 2016, paying a $36,000 premium and debiting insurance expense. no further entries have been made. the premium purchased insurance coverage for a period of 36 months.
c. repair expense was debited at the time equipment was purchased for $100,000 on january 1, 2017. the equipment has a life of five years; its salvage value is considered immaterial. krafty uses straight-line depreciation method.
Answers: 1
Business, 22.06.2019 07:30, taridunkley724
Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric
Answers: 2
Business, 23.06.2019 11:00, gurlnerd
The – effect means tommy's – will shift because he has less purchasing power. as a result, he may choose the regular-size steak instead of the larger "hunter's portion" he prefers. the – effect means tommy may spend some of the money he saved by ordering the smaller steak to order a bigger salad.
Answers: 3
Krafty kris, inc., discovered the following errors after the 2017 financial statements were issued:...
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