081M2solutions

081M2solutions - AP $9,100 AP $9,000 AP $8,900 AP $10,300 a AR $6,300 AR $6500 AR $6,200 AR $7,400 Sales $6,300 Sales $6,500 Sales $6,200 Sales

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Spring 2008 Midterm 2 Solutions Midterm 2 Solutions a b c d Deferred taxes ($290) ($340) ($290) ($480) $290 $255 $285 $490 Current tax expense $438 $516 $718 $820 AUA $400 $300 $2,200 $600 $602 $211 $198 $985 $910 $374 $144 $1,515 $990 $880 $670 $1,400 $1,120 $730 $940 $1,450 Inventory Errors None None None None $40,900 understated $38,700 understated $36,900 understated $34,700 understated $40900 overstated $38,700 overstated $36,900 overstated $34,700 overstated Inventory Methods $2,594 $2,850 $2,466 $2,658 and Systems $14,870 $14,358 $14,030 $15,290 $15,124 $15,544 $15,964 $14,704 Inventory Cutoffs $36,100 $37,800 $39,200 $36,500 a. Sales $6,300 Sales $6,500 Sales $6,200 Sales $7,400 AR $6,300 AR $6,500 AR $6200 AR $7,400 b. Purchases $9,100 Purchases $9,000 Purchases $8,900 Purchases $10,300
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Unformatted text preview: AP $9,100 AP $9,000 AP $8,900 AP $10,300 a. AR $6,300 AR $6500 AR $6,200 AR $7,400 Sales $6,300 Sales $6,500 Sales $6,200 Sales $7,400 b. AP $9,100 AP $9,000 AP $8,900 AP $10,300 Purchases $9,100 Purchases $9,000 Purchases $8,900 Purchases $10,300 Accounting for PPE $45,000 $59,000 $66,000 $79,000 $4,375 $4,667 $4,083 $6,019 $5,833 $7,000 $7,000 $7,222 $8,400 $11,400 $9,429 $10,714 $13,440 $18,240 $16,163 $18,367 CIP $3,368 $3,337 $3,513 $3,616 $3,368 $3,337 $3,513 $3,616 $632 CL $1,663 CL $2,487 CL $616 CA $3,295 $3,495 $3,379 $3,460 $6,663 $6,832 $6,892 $7,076 $1,237 CL $1,368 CL $1,908 CL $824 CL...
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This note was uploaded on 01/26/2009 for the course BUAD 250A taught by Professor 10:00-10:50 during the Fall '06 term at USC.

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