Mathematics, 25.03.2020 20:37 savannahvargas512
Foy Corp. failed to accrue warranty costs of $50,000 in its December 31, 2003 financial statements. In addition, a change from straight-line to accelerated-depreciation made at the beginning of 2004 resulted in a $30,000 decrease in income for the year. Both the $50,000 and the $30,000 are net of related income taxes.
What amount should Foy report as Prior period adjustments in 2004?
a) $0
b) $30,000
c) $50,000
d) $80,000
Answers: 3
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 18:00, ReeseMoffitt8032
In a graph with several intervals o data how does a constant interval appear? what type of scenario produces a constant interval?
Answers: 1
Mathematics, 21.06.2019 19:30, nmg9
The revenue each season from tickets at the theme park is represented by t(c)=5x. the cost to pay the employees each season is represented by r(x)=(1.5)^x. examine the graph of the combined function for total profit and estimate the profit after four seasons
Answers: 3
Mathematics, 22.06.2019 00:00, lasardia
At a pizza shop 70% of the customers order a pizza 25% of the customers order a salad and 15% of the customers order both a pizza and a salad if s customer is chosen at random what is the probability that he or she orders either a pizza or a salad
Answers: 1
You know the right answer?
Foy Corp. failed to accrue warranty costs of $50,000 in its December 31, 2003 financial statements....
Questions in other subjects:
Biology, 09.04.2020 18:50
Mathematics, 09.04.2020 18:50
