Sugarbaker Designs, Inc., changed from the FIFO inventory costing method to the average cost method during 2011.
Question:
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
In general we report voluntary changes in accounting principles retrospectively This means Sugarbake...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Question Posted:
Students also viewed these Accounting questions
-
Sugarbaker Designs Inc. changed from the FIFO inventory costing method to the average cost method during 2018. Which items from the 2017 financial statements should be restated on the basis of the...
-
Sugarbaker Designs Inc. changed from the FIFO inventory costing method to the average cost method during 2021. Which items from the 2020 financial statements should be restated on the basis of the...
-
The following are independent events: a. Changed from the FIFO to the LIFO inventory cost flow assumption. b. Wrote off patent due to the introduction of a competing product. c. Changed accounting...
-
Governments assert that their safety standards for food imports are important to ensure that their citizens not be harmed by unsafe foods. Comment on how such a concern may be a nontariff barrier.
-
Acton Design Group is an incorporated architectural firm that began operations on January 1, 2007. It reports to its shareholders on the accrual basis, but to the Internal Revenue Service on the cash...
-
Reyes Tool & Die begins operations on January 1. Because it does all the work to customer specifications, the company decides to use a job-order costing system. Prepare a fl ow chart of a typical...
-
Pereira Brick Pizza Ovens sells custom built stone and brick outdoor pizza ovens on both a credit and direct debit basis. They stock a full range of spare parts and accessories for preparing and...
-
The Summit Manufacturing Company produces two products. One is a recreational whitewater kayak molded from plastic and designed to perform as a durable whitewater play boat. The other product is a...
-
19. Consider the given arrangement. The two slits S and S are illuminated by monochromatic light of wavelength A. Slits S3 and S4 are at separation d minimum intensity on the screen will be 2.D =...
-
Each group below contains twe analogies - pairs of related objects or ideas. The second analogy in each group is incomplete. A Seled the one choice that best completes the second analogy and fil in...
-
Lynch Corporation changes from the sum-of-the-years'-digits method of depreciation for existing assets to the straight-line method. How should the change be reported? Explain.
-
Most accounting principles are recorded and reported retrospectively. In a few situations, though, the changes should be reported prospectively. When is prospective application appropriate? Provide...
-
A supplier to your company has offered you a reduced price per unit on a component if you agree to purchase the component in higher order quantities. Currently, you order 5000 units each time an...
-
Generally, what is "at risk"?
-
Thomson Trucking has $12 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 10%, and its return on assets (ROA) is 5.25%. What is its times-interest-earned (TIE) ratio?
-
Company strategies cant be executed well without a number of support systems to carry on business operations. Using your universitys library resources, search for recent articles that discuss how a...
-
What is the definition of a casualty loss?
-
Baker Industriess net income is $24,000, its interest expense is $5,000, and its tax rate is 25%. Its notes payable equals $27,000, long-term debt equals $75,000, and common equity equals $250,000....
-
Michigans cable TV subscribers have had to live with soaring monopoly fees, and on January 1, 2016, they became even more vulnerable as funds that regulators had used for cable TV oversight were cut...
-
The following exercises are not grouped by type. Solve each equation. x610x -9
-
On January 1, 2022, Skyline Limousine Co. purchased a limousine at an acquisition cost of \(\$ 28,000\). Skyline depreciated the vehicle by the straight-line method using a 4-year service life and a...
-
What are reversing entries, and why are they used?
-
What are reversing entries, and why are they used?
-
What are reversing entries, and why are they used?
-
Johnny's Lawn Service camed $200,000 of service revenues for 2020. $190,000 was collected in cash and $10,000 remains in Accounts Receivable as of 12/31/20. S155,000 of expense was incurred during...
-
Company BW has $500,000 loan outstanding. The annual loan interest rate is 6% with monthly compounding (meaning BW is making monthly payments). Find the annual after-tax cost of debt for the loan.
-
The hierarchical system of classification is intended to be a map of evolution. Explain this statement. What is implied about species that occur on the same branch of a phylogenetic tree?
Study smarter with the SolutionInn App