Attached is a schedule of five proposed changes at the end of the year. Before the After the Change $18,800,000 (a) $200,000 $19,000,000 Change Proposed Change. 13,200,000 (b) 400,000 13,600,000 1,600,000 (c) (100,000) 1,500,000 500,000 (d) 450,000 (e) ($ in 000's) Net sales. Cost of goods sold Operating expenses Other revenue Other expense Net income. Net sales Cost of goods sold Operating expenses $4,050,000 Other revenue Other expense Total effect 50,000 (50,000) Required: 1. & 2. Select whether each of the proposed changes and the total effect of all the changes are conservative, aggressive, or neutral. 550,000 400,000 $4,050,000
Attached is a schedule of five proposed changes at the end of the year. Before the After the Change $18,800,000 (a) $200,000 $19,000,000 Change Proposed Change. 13,200,000 (b) 400,000 13,600,000 1,600,000 (c) (100,000) 1,500,000 500,000 (d) 450,000 (e) ($ in 000's) Net sales. Cost of goods sold Operating expenses Other revenue Other expense Net income. Net sales Cost of goods sold Operating expenses $4,050,000 Other revenue Other expense Total effect 50,000 (50,000) Required: 1. & 2. Select whether each of the proposed changes and the total effect of all the changes are conservative, aggressive, or neutral. 550,000 400,000 $4,050,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter7: Fixed Assets, Natural Resources, And Intangible Assets
Section: Chapter Questions
Problem 7.3.2MBA
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