Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 16 Nov 2017 My Price 8.00

monetary amount

Classifications - Where would each of the following items most likely be reported in a company’s financial statements? Assume the monetary amount of each item is material.

1. Bad debts expense

2. Sales discounts taken

3. Depreciation expense on sales equipment

4. Loss from operations of discontinued Division B

5. Earnings per share

6. Gain on sale of land

7. Administrative salaries

8. Cash dividends declared on common stock

9. Correction of an error made in a prior period.

10. Gain from sale of discontinued Division B

11. Cumulative effect on prior years’ income of change in accounting principle

12. Advertising expense

13. Merchandise inventory (ending)

14. Loss from write-off of obsolete inventory

15. Net income

16. Unrealized increase in market value of available-for-sale securities

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Nov 2017 09:11 PM My Price 8.00

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