what is the Stroop Experiment Materials and Design? and procedures?
In: Statistics and Probability
How is the Central Dogma relevant to the LDH experiment?
In: Biology
What does randomization ensures in any experiment?
In: Statistics and Probability
CyberRat experiment lab #2 on stimulus presentation
In: Psychology
In: Physics
explain the stroop effect experiment how is it done.
In: Psychology
In: Physics
briefly describe the procedure for the diffraction grating experiment
In: Physics
On March 5, 2018, you were hired by Stellar Inc., a closely held
company, as a staff member of its newly created internal auditing
department. While reviewing the company’s records for 2016 and
2017, you discover that no adjustments have yet been made for the
items listed below.
| Items | ||
| 1. | Interest income of $14,200 was not accrued at the end of 2016. It was recorded when received in February 2017. | |
| 2. | A computer costing $4,000 was expensed when purchased on July 1, 2016. It is expected to have a 4-year life with no salvage value. The company typically uses straight-line depreciation for all fixed assets. | |
| 3. | Research and development costs of $35,100 were incurred early in 2016. They were capitalized and were to be amortized over a 3-year period. Amortization of $11,700 was recorded for 2016 and $11,700 for 2017. | |
| 4. | On January 2, 2016, Stellar leased a building for 5 years at a monthly rental of $8,700. On that date, the company paid the following amounts, which were expensed when paid. |
| Security deposit | $21,300 | |
| First month’s rent | 8,700 | |
| Last month’s rent | 8,700 | |
| $38,700 |
| 5. | The company received $39,300 from a customer at the beginning of 2016 for services that it is to perform evenly over a 3-year period beginning in 2016. None of the amount received was reported as unearned revenue at the end of 2016. | |
| 6. | Merchandise inventory costing $17,700 was in the warehouse at December 31, 2016, but was incorrectly omitted from the physical count at that date. The company uses the periodic inventory method. |
Indicate the effect of any errors on the net income figure reported
on the income statement for the year ending December 31, 2016, and
the retained earnings figure reported on the balance sheet at
December 31, 2017. Assume all amounts are material, and ignore
income tax effects. Using the following format, enter the
appropriate dollar amounts in the appropriate columns. Consider
each item independent of the other items. It is not necessary to
total the columns on the grid.
In: Accounting