Question
1. Which of the following actions would increase a companys earnings during the period? (selectall that apply) a. Increase the amortization period for capitalized costs
1. Which of the following actions would increase a companys earnings during the period? (selectall that apply)
a. Increase the amortization period for capitalized costs
b. Decrease the amortization period for capitalized costs
c. Capitalize a greater percentage of cash costs
d. Capitalize a smaller percentage of cash costs
2.Below is the Accounts Receivable line from the Balance Sheet of Corgi Feldman Inc. Estimate how much Corgi Feldman reduced its expenses in Year 2 by reducing its estimated percentage of uncollectible accounts.
| Year 1 | Year 2 | |
| Accounts receivable, net of allowance of 21 and 12, respectively 679 | 788 |
a. 3.4, b.9.0 c.3.0 d.12.0 e.12.4
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
