Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Aug 2017 My Price 6.00

Company FOB destination

Consider the following information. a. The Z Company sold merchandise to the X Company FOB destination on December 31, 2011. The Z Company included the sale in net income. The amount was $25,000. b. Ending inventory for 2011 was understated by $5,000. c. Interest expense on bonds was understated for 2011 and 2012 by $1,800 each year. d. Repair bills in the amount of $8,000 for 2011 and $9,000 for 2012 was erroneously charged to the equipment account. The company uses straight-line depreciation for all assets and a 10 year life with no salvage value. Additional Information: Net income for 2011 was $200,000 and for 2012 net income was $100,000. Disregard any tax effects. Required: Prepare two schedules, one showing the corrected income for 2011 and one for the corrected income for 2012

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Aug 2017 09:08 AM My Price 6.00

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