Homework Week 5 - Net Income will be Overstated Retained Income will be over stated 1a 2d 3c 4c 5b 6a 7b 8c 9d Business Types of Costs Retail shoe store

Homework Week 5 - Net Income will be Overstated Retained...

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Net Income will be Overstated Retained Income will be over stated.
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1 a 2 d 3 c 4 c 5 b 6 a 7 b 8 c 9 d
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Accounting Treatment Business Types of Costs Inventory Cost Retail shoe store Shoes for sale X Shoe boxes X Advertising signs X Grocery store Canned goods on the shelves X Produce X Cleaning supplies X Recorded as an asset, and then a expense as you use it it Cash registers X Recorded as an asset, and then then figure in depreciition. Frame shop Wooden frame supplies X Nails X Glass X Walk-in print shop Paper X Copy machines X Recorded as an asset, and then then figure in depreciition. Toner cartridges X Recorded as an asset, and then a expense as you use it it
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  • Fall '10
  • MANAGE
  • Net Income, highest net income, Retail Shoe Store, depreciition

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