subject
SAT, 09.12.2021 01:00 stryjker

Berkshire inc. Uses a periodic inventory system. At the end of 2020, it missed counting some inventory items, resulting in an inventory understatement by $600,000. Assume that berkshire has a 25% income tax rate and that this was the only error it made. What is the effect of the error on berkshire's december 31, 2021 balance sheet?.

ansver
Answers: 3

Other questions on the subject: SAT

image
SAT, 25.06.2019 17:30, mckenziebeach5ox9oy3
Jessica wants to get a credit card, but the bank is refusing to give her one. what could be the possible reason behind the bank's refusal to comply with jessica's request? a. she does not have an account with the bank b. she has a bad credit history c. she has a good credit history d. she is 18 years old e. she doesn't have a job
Answers: 1
image
SAT, 26.06.2019 03:00, corlissquillen13
Registrars maintain high a. standardized tests b. faculty payrolls c. transcripts d. sporting facilities
Answers: 1
image
SAT, 26.06.2019 09:00, JesuGranger
Which object has the least amount of kinetic energy? a. a car driving down a road b. a soccer ball rolling down a hill c. a bicycle locked to a bike rack d. a satellite orbiting earth
Answers: 2
image
SAT, 29.06.2019 11:20, kingnatsu579
Acontinuous random variable assigns a whole number to each possible outcome of an experiment.
Answers: 3
You know the right answer?
Berkshire inc. Uses a periodic inventory system. At the end of 2020, it missed counting some invento...

Questions in other subjects:

Konu
Mathematics, 05.01.2021 01:10
Konu
Mathematics, 05.01.2021 01:10
Konu
History, 05.01.2021 01:10