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Tableau Dashboard Activity 12-1 Use Conservative Versus Aggressive Accounting Estimates Review the Tableau visualization,...

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Accounting

Tableau Dashboard Activity 12-1 Use Conservative Versus Aggressive Accounting Estimates
Review the Tableau visualization, and then answer the questions that follow.
At the end of its first year of operations, a company is preparing financial statements but no year-end adjusting entries have yet been
made. The company's management provides the following range of estimates:
Future uncollectible accounts are estimated to be 5% to 15% of accounts receivable.
The estimated selling price of ending inventory (NRV) is $4,000 to $12,000 below cost.
Equipment purchased during the year will be depreciated over its estimated service life of 6 to 12 years.
Future warranty costs are estimated to be 4% to 12% of sales revenue.
Required:
Complete this question by entering your answers in the tabs below.
Required 1
Using the radio buttons on the Tableau dashboard, select the more conservative estimate for each of the four adjusting
entries. What are the amounts for (a) net income, (b) total assets, and (c) net cash flows?
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