subject
Business, 06.05.2020 04:40 bronson62

Insigne Co. uses a periodic inventory system. Beginning inventory on January 1 was overstated by $31,700, and its ending inventory on December 31 was overstated by $16,300. In addition, a purchase of merchandise costing $74,000 was incorrectly recorded as a $7,400 purchase. None of these errors were discovered until the next year. As a result, taxable income for this year was:

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 15:00
Asap ! 1. evaluate the following and simplify if possible when pie = 22 11/pie = 2. evaluate the following and simplify if possible when pie = 11 and y = 5 pie/12 - y/12 = 3. evaluate the following and simplify if possible when pie = 5 : 3/pie + 2/ pie = 4. evaluate the following and simplify if possible when pie = 5 : 3/pie + 2/pie = 5. evaluate the following and simplify if possible when pie = 6 and y = 10: x/y = 6. evaluate the following and simplify if possible when pie = 6: pie/9 7. evaluate the following and simplify if possible when pie = 5 and y = 20: pie/y = 8. evaluate the following and simplify if possible when pie = 4 and y = 24: pie/y = 9. evaluate the following and simplify if possible when pie = 6 5/pie = 10. evaluate the following and simplify if possible when pie = 21 4/7 + 2/pie = 11. evaluate the following and simplify if possible when pie = 3 and y = 1 pie/10 + y/5 = 12.evaluate the following and simplify if possible when pie = 8 pie/10 =
Answers: 1
question
Business, 21.06.2019 21:30
Asavings account that pays interest every 3 months is said to have a interest period
Answers: 1
question
Business, 22.06.2019 02:30
Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be
Answers: 1
question
Business, 22.06.2019 12:50
Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:
Answers: 2
You know the right answer?
Insigne Co. uses a periodic inventory system. Beginning inventory on January 1 was overstated by $31...
Questions
question
Mathematics, 10.03.2020 07:32
Questions on the website: 13722359