Business, 25.02.2020 01:06 mayamcmillan11

If a company records too much accrued interest revenue at the end of its fiscal year, all else being equal, what are the effects on its net income, total assets, total liabilities, and total stockholders' equity?

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Answer from: izzy1671

effects on:

net income - over stated

total assets - over stated

total liabilities - no effect

total stockholders' equity - over stated.

Explanation:

Effect on net income: Net income will be overstated because too much accrued interest income is part of the total revenue. Revenue has been overstated.

Effect on total asset: Total asset will be overstated because accrued interest is a receivable and it will be overstated

Effect on total liability. This will have no effect on total liability because the transaction is not related to liability.

Effect on total stockholders' equity:

This will be overstated because asset has been overstated.

Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

Answer from: Quest

someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.

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If a company records too much accrued interest revenue at the end of its fiscal year, all else being...

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