Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

9. A correction made in 2019 for overstatement of salaries expenses of 2016 would result in: (2 points) A decrease of salaries payable in 2016

9. A correction made in 2019 for "overstatement of salaries expenses of 2016" would result in: (2 points) A decrease of salaries payable in 2016 An increase of retained earnings for 2019 A decrease of retained earnings for 2019 None of the provided answers is correct An increase of salaries payable in 2016

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Change Approaches And Perspectives

Authors: Chandana Alawattage, Danture Wickramasinghe

1st Edition

0415393329, 978-0415393324

More Books

Students also viewed these Accounting questions

Question

★★★★★

Classify each of the following items as an inflow (I) or an outflow (O) of cash, or as neither (N). Change (S) Item Cash Accounts payable Notes payable Long-term debt Inventory Fixed assets Change...

Answered: 1 week ago

Question

★★★★★

The observations on escape time given in Exercise 36 of Chapter 1 give a sample mean and sample standard deviation of 370.69 and 24.36, respectively. a. Calculate an upper confidence bound for...

Answered: 1 week ago

Question

★★★★★

Define conformity. (p. 350)

Answered: 1 week ago

Question

★★★★★

Armstrong Chemical began operations in January. The company manufactures an acrylic car wax called Tough-Coat. The following standard cost estimates were developed several months before the company...

Answered: 1 week ago

Question

★★★★★

Smith Company operates a farm-related business. It suffers an operating loss of $100,000 in 20X3. Smith incurred taxable income of $150,000 in 20X2 and taxable income of $75,000 in 20X1. Smith...

Answered: 1 week ago

Question

★★★★★

Consider where you currently work, where you have previously worked, or a well-known company where you would like to work. How would this company utilize variance analysis? What variances do you...

Answered: 1 week ago

Question

★★★★★

1. A source of yellow light ( = 570 nm) produces interference through two narrow slits separated by a distance of 0.01cm. A screen is placed 3m away. a. How far from the central max is the fifth...

Answered: 1 week ago

Question

★★★★★

You are revising your company's talent acquisition strategy to make it more competitive and appealing to potential candidates. Part of your strategy involves clearly presenting the compensation...

Answered: 1 week ago

Question

★★★★★

Inventory Land Book Value Fair Value $ 630,000 $ 600,000 750,000 990,000 1,700,000 2,000,000 Buildings Customer relationships Accounts payable 0 (80,000) Common stock (2,000,000) Additional paid-in...

Answered: 1 week ago

Question

★★★★★

The standard Treasury Bond futures contract has a face value of $100,000, at least 15 years to maturity and a coupon of 6%, payable semi-annually. The quoted price of the futures contract is based on...

Answered: 1 week ago

Question

★★★★★

15. What option allows the scheduler to go in and look at the information "behind" the scheduled appointments? For example, date "appointment made", wait times, service connection, etc).

Answered: 1 week ago

Question

★★★★★

2 How might training be undertaken in smaller organisations? Boston Consulting Group (BCG) is a management consulting firm and a leading advisor on business strategy. Clients include private, public...

Answered: 1 week ago

Question

★★★★★

8 According to recent CIPD surveys, what are: (a) the main purposes of reward systems; (b) the most common pay structures; (c) the most prevalent types of incentive pay?

Answered: 1 week ago

Question

★★★★★

7 Explain the equity theory of motivation.

Answered: 1 week ago

Previous Question Next Question