Oriole Co. purchased machinery that cost $2550000 on January 4, 2019. The entire cost was recorded as an expense. The machinery has a 9-year life and a $155000 residual value. The error was discovered on December 20, 2021. Ignore income tax considerations. Oriole's income statement for the year ended December 31, 2021, should show the cumulative effect of this error in the amount of

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

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Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.