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Author Question: Assume for this question that Pappas Company commenced operations on January 1, 2020, and it was ... (Read 41 times)

ega16

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on: Aug 7, 2023
Assume for this question that Pappas Company commenced operations on January 1, 2020, and it was granted permission to use the same depreciation calculations for shareholder reporting and income tax purposes. The company planned to depreciate its fixed assets over 12 years, but in December 2020 management realized that the assets would last for 17 years. The firm’s accountants plan to report the 2020 financial statements based on this new information. How would the new depreciation assumption affect the company’s financial statements?

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The firm’s reported net fixed assets would decrease.


◦

The firm’s cash position in 2020 would decrease.


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The firm’s reported 2020 earnings per share would decrease.


◦

The firm’s EBIT would decrease.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by ega16 on Aug 7, 2023

senorfranco

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ega16

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

DylanD1323

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Reply 3 on: Yesterday
Excellent

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