This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The entry to record expired insurance is omitted. This error causes a. assets to be overstated. b. ... (Read 155 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
on: Jul 6, 2018
The entry to record expired insurance is omitted. This error causes
 a. assets to be overstated.
  b. expenses to be overstated.
  c. liabilities to be overstated.
  d. liabilities to be understated.
  e. an increase in liabilities on the balance sheet.

Question 2

As per the Rev. Rul. 59-60 (Sec. 4), which of the following factors should be considered in valuations?
 
  A) the price earnings ratio of the company
  B) the earning capacity of the company
  C) the fair market value of the stock of the business
  D) the book value of stocks of similar companies


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 6, 2018
Answer to Question 1

A

Answer to Question 2

B
Explanation: B) Rev. Rul. 59-60 (Sec. 4 ) identifies eight valuation factors, although not all-inclusive, that should be considered, which includes the earning capacity of the company.


NguyenJ

  • Member
  • Posts: 516
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Entry level nurse competencies Entry level nurse competencies
The fossil record of chimpanzees is sparse. The femur from Kikongo, Uganda (c) may represent a late The fossil record of chimpanzees is sparse. The femur from Kikongo, Uganda (c) may represent a late
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Example of Index entry with Main Term and indented subterms. Example of Index entry with Main Term and indented subterms.
The NIOSH Pocket Guide entry for gasoline. Useful information includes health effects and chemical ... The NIOSH Pocket Guide entry for gasoline. Useful information includes health effects and chemical ...
Medical Hot Zone Entry Exclusion Criteria During Pre-Entry Check Medical Hot Zone Entry Exclusion Criteria During Pre-Entry Check
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library