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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
At Ruth Company, events and transactions during 2012 included the following. The tax rate for all items is 30%.(1) Depreciation for 2010 was found to be understated by $60,000.(2) A strike by the employees of a supplier resulted in a loss of $50,000.(3) The inventory at December 31, 2010 was overstated by $80,000.(4) A flood destroyed a building that had a book value of $1,000,000. Floods are very uncommon in that area.The effect of these events and transactions on 2012 net income net of tax would be Answer ($735,000). ($833,000). ($35,000). ($777,000).
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