Elliott Corp failed to record accrued salaries for 2009, $2,000; 2010, $2,100; and 2011, $3,900 what is
Question:
Elliott Corp failed to record accrued salaries for 2009, $2,000; 2010, $2,100; and 2011, $3,900 what is the amount of the overstatement or understatement of Retained Earnings at December 31, 2012?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Retained earnings are correctly stat...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Elliott AG failed to record accrued salaries for 2017, 2,000; 2018, 2,100; and 2019, 3,900. What is the amount of the overstatement or understatement of Retained Earnings at December 31, 2020?
-
Elliott Corp. failed to record accrued salaries for 2013, $2,000; 2014, $2,100, and 2015, $3,900. What is the amount of the overstatement or understatement of Retained Earnings at December 31, 2016?
-
Elliott Corp. failed to record accrued salaries for 2019, $2,000; 2020, $2,100; and 2021, $3,900. What is the amount of the overstatement or understatement of Retained Earnings at December 31, 2022?
-
Use (4.1), for a perfectly conducting fluid, and the nonlinear equation of continuity (1.1), to show that the change of B with time in a fluid element is related to changes of density according to...
-
Maple Bay Marine Supply reported the comparative income statement for the years ended September 30, 2014 and 2013, shown below. During 2014, accountants for the company discovered that ending 2013...
-
Mr. and Mrs. Kitchens purchased their first home in Ohio for $135,000 on October 1, 2016. Because Mr. Kitchens employer transferred him to Utah, they sold the house for $160,000 on January 10, 2017....
-
Analyze the main reasons for HRIS implementation failure. How can we prevent these from affecting us?
-
The PDC Company was described earlier in this chapter. Refer to the PDC Companys projected monthly operating schedules in Table. PDCs sales are projected to be $80,000 in September 2011. A. Prepare...
-
In what ways do decentralized organizational structures, characterized by autonomous decision-making units and distributed authority, foster agility and innovation in response to rapidly evolving...
-
Wasson Company purchased items of inventory as follows: Dec. 2 50 units @ $20 Dec. 12 12 units @ $21 Wasson sold 15 units on December 20. Determine the cost of goods sold for the month under the LIFO...
-
Prior to 2010, Heberling Inc. excluded manufacturing overhead costs from work in process and finished goods inventory. These costs have been expensed as incurred. In 2010, the company decided to...
-
In January 2010, installation costs of $6,000 on new machinery were charged to Repair Expense. Other costs of this machinery of $30,000 were correctly recorded and have been depreciated using the...
-
Programming Project 2 asks you, among other things, to write a program that creates a binary file of objects of the class Species. Write a program that reads from a file created by that program and...
-
What happens when the price of natural gas increases? is it effect the economy of the country explain
-
What did we learn from the UK child tax credit reform natural experiment?
-
1 Ricardian Model: Gains from Trade [60 points] Suppose 2 countries, Germany and France trade wine and beer with each other. 1. Name 2 reasons why Germany and France trade a lot with each other as...
-
Need good summarized answers .... please answer in your ow* WORDS 1. Cite Evidence Why is the demand for labor called a derived demand? 2. Analyze Information If an advertising business buys new...
-
Write a 1,225- to 1,550-word report of your organization's SWOT and how economics in your market impact the strategy and future of your organization. Include the following: Summarize the major...
-
If the two gases considered in the mixing process of Section 1.5 were initially at different temperatures, say \(T_{1}\) and \(T_{2}\), what would the entropy of mixing be in that case? Would the...
-
Pappa's Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases invoices during the year, and the inventory count at December 31 are...
-
True or False A hierarchy chart does not show the steps that are taken inside a module.
-
Under what conditions may a seller who is exposed to continued risks of a high rate of return of the product sold recognize sales transactions as current revenue?
-
Under what conditions may a seller who is exposed to continued risks of a high rate of return of the product sold recognize sales transactions as current revenue?
-
What are the two basic methods of accounting for long-term construction contracts? Indicate the circumstances that determine when one or the other of these methods should be used.
-
The art of negotiation is especially important when working in an international business setting. Negotiating a successful contract is a highly valuable skill that is to be attained by working on...
-
1. At the break-even point, Jefferson Company sells 95,000 units and has fixed cost of $351,500. The variable cost per unit is $0.30. What price does Jefferson charge per unit? Note: Round to the...
-
Your company wants you to research the potential for implementing a relational database. How would you explain a relational database to them? What are the pros and cons of relational databases? What...
Study smarter with the SolutionInn App