In year 2022, cash sales is credited to Rent Income. What is the effect of the error in the year 2022 net income?
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In year 2022, cash sales is credited to Rent Income. What is the effect of the error in the year 2022 net income?
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- Ignoring income taxes, what is the total effect of the errors on the beginning balance of retained earnings for the year 2023? ( Leave the numerical figure positive, put a dash then identify if OVERSTATED or UNDERSTATED, example: 25000-OVERSTATED)What will be the gross profit at the end of the year December 2019? What will be the total selling and distribution expense? What is the gross margin in terms of percentage? What will be the net income? What will be the total operating expense?In year 2022, collection of interest income is credited to Interest Expense. What is the effect of the error in year 2022 revenue and expenses? a.Revenue - understated; expenses - overstated b.Revenue - overstated; expenses - overstated c.Revenue - understated; expenses - understated d.Revenue - overstated; expenses - understated
- Upon the study of the SFP For the year ended December 31, 2020. Q1. What is the total amount of sales during 2020? Q2. What is the total amount of purchases during 2020? Q3. What is the total depreciation for 2020? Q4. What is the total interest expense for 2020? Q5. What is the total net income during 2020?In year 2022, collection of interest income is credited to Interest Expense. What is the effect of the error in year 2022 net income? a. Understated b. No effect c. Cannot be determined based on the given information. d. Overstatedwhat is the net effect of the errors in the 2018 net income?
- In year 2022, collection of interest income is credited to Interest Expense. What is the effect of the error in year 2022 net income? Group of answer choices a. Overstated b. Understated c. Cannot be determined based on the given information. d. No effectWhat is the return on sales for fiscal year 2019 2018?Calculate the financial ratios of Spinneys in 2022 and 2021. Analyze the change between the years 2022 and 2021 in terms of financial ratios. Which financial ratios would you check to evaluate the performance of inventory management and cash management? Which year is better in terms of inventory management and cash management?
- What is the amount of the cost of goods sold in 2019?That was the total estimated gross profit recognized or realized as of December 31, 2018? What was the estimated gross profit (loss) recognized or realized for the year ended December 31, 2019?By how much did Declan's Designs' Gross PPE decrease during 2022? Please do not provide the net change in PPE, but instead provide the gross annual decrease to PPE.