Business, 12.10.2021 14:00 shantrice1831
Effect of inventory errors During the taking of its physical inventory on December 31, 20Y3, Corbin Company incorrectly counted its inventory as $454,660 instead of the correct amount of $486,485. Indicate the effect of the misstatement on Corbin's December 31, 20Y3, balance sheet or income statement for the year ended December 31, 20Y3. For each, select if the amount is overstated or understated. Then, input the over or under amount, entered as a positive value.
Answers: 2
Business, 21.06.2019 21:00, ariannapenny98
Which of the following is not a personality trait? sincerity word processing punctuality laziness
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Business, 22.06.2019 14:10, miacervenka
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Business, 23.06.2019 02:30, mcalepcrager
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Business, 23.06.2019 02:40, ayeeeee98
Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone
Answers: 2
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