Attached is a schedule of five proposed changes at the end of the year. ($...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Attached is a schedule of five proposed changes at the end of the year. ($ in 880's) Net sales Cost of goods sold Operating expenses Other revenue Other expense Net Income Before the Change $18,980,000 13,282,280 1,600,000 500,000 450,280 $ 4.050,000 Proposed Change (a) $ 200,000 (b) 480,000 (c) (190,00) (d) 50,000 (e) (50,000) After the Change $19,000,000 13,600,000 1,500,000 550.000 489.000 $ 4,250,000 Required: 1. & 2. Select whether each of the proposed changes and the total effect of all the changes are conservative, aggressive, or neutral. Net sales Cost of goods sold Operating expenses Other revenue Other expense Total effect
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!