我算過好幾次,第一題勉強可以算的出來,(62,800=26,000+22,000+10,000+4,800 對嗎?)
可是第二題一直算不出來..想不出來到底怎算的..
想麻煩各位高手解救愚笨的我...感恩!!
Bell Co. began operations on Jan.1 ,1998.Financial statements
for 1998 and 1999 contained the following errors:
Dec. 31, 1998 Dec. 31, 1999
Ending invertory $22,000 too high $26,000 too low
Depreciation expense 14,000 too high -----
Insurance expense 10,000 too low 10,000 too high
Prepaid insurance 10,000 too high -----
In addition, on Dec. 31, 1999 fully depreciated equipment was
sold for $4,800, but the sale was not recorded until 2000.
No corrections have been made for any of the errors. Lgnore
income tax considerations.
Question 1:The total effect of the errors on bell's 1999 net
income is ??
Question 2:The total effect of the errors on the balance of Bell's
retained earnings at Dec.31,1999 is understated by ??
Ans:1. understated by $62,800
2. $44,800
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