In 2011, the internal auditors of KJI Manufacturing discovered the following material errors made in prior years:1. Equipment was purchased on June 30, 2009, for $100,000. The purchase was incorrectly recorded as a debit to repair and maintenance expense. The equipment has a useful life of five years and no residual value.2. On March 31, 2010, $50,000 was paid to a contractor to landscape the area around a manufacturing plant including the installation of a sprinkler system. The expenditure was debited to the Land account. The landscaping is expected to have a 20-year useful life and no residual value.KJI uses the straight-line method of depreciation for all depreciable assets.Required:1. Prepare the journal entries at December 31, 2011 to correct the errors (ignore income taxes).2. Prepare the journal entries to record 2011 depreciation for any assets recorded in requirement 1.
QUESTION:the internal auditors of KJI Manufacturing discovered the following material errors made in prior years:1. Equipment was purchased on June 30, 2009, for $100,000. The purchase was…
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In 2011 The Internal Auditors Of Kji Manufacturing Discovered The Following Mate
/in Uncategorized /by developerIn 2011, the internal auditors of KJI Manufacturing discovered the following material errors made in prior years:1. Equipment was purchased on June 30, 2009, for $100,000. The purchase was incorrectly recorded as a debit to repair and maintenance expense. The equipment has a useful life of five years and no residual value.2. On March 31, 2010, $50,000 was paid to a contractor to landscape the area around a manufacturing plant including the installation of a sprinkler system. The expenditure was debited to the Land account. The landscaping is expected to have a 20-year useful life and no residual value.KJI uses the straight-line method of depreciation for all depreciable assets.Required:1. Prepare the journal entries at December 31, 2011 to correct the errors (ignore income taxes).2. Prepare the journal entries to record 2011 depreciation for any assets recorded in requirement 1.
QUESTION:the internal auditors of KJI Manufacturing discovered the following material errors made in prior years:1. Equipment was purchased on June 30, 2009, for $100,000. The purchase was…
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In 2011 The Westgate Construction Company Entered Into A Contract To Construct A
/in Uncategorized /by developerIn 2011, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2013. Information related to the contract is as follows:
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In 2012 The General Social Survey Included A Question That Asked Respondents If
/in Uncategorized /by developerIn 2012, the General Social Survey included a question that asked respondents if they had “often/sometimes” been the subject of gossip at work. Out of 606 men, 75 said yes they had “often/sometimes” been the subject of gossip at work. Out of 580 women, 67 said yes they had “often/sometimes” been the subject of gossip at work. What is the pooled proportion for the null hypothesis Ho:p1-p2=0 vs. alternative hypothesis Ha: p1-p2 does not equal 0?
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In 2013 Sanford Corporation Purchases And Places In Service 2 050 000 Of Equipme
/in Uncategorized /by developerIn 2013, Sanford Corporation purchases and places in service $2,050,000 of equipment for its manufacturing business. What portion of the $2,050,000 may Sanford elect to treat as a Section 179 expense? Why is the answer $100,000?
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In 2013 Sarah Makes Taxable Gifts Aggregating 15 000 Her Only Other Taxable Gift
/in Uncategorized /by developera. What is Sarah’s 2013 gift tax liability?
(Select one)
Minus: (Select one)
Minus: (Select one)
Gift Tax liability:
b. What is her 2013 gift tax liability under the assumption that she made the $235,000 of taxable gifts in 1974 instead of 1997?
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In 2013 The Government Of Qatar Received 76 22 Billion In Tax Revenue While Spen
/in Uncategorized /by developerIn 2013, the government of Qatar received $76.22 billion in tax revenue, while spending $51.53 billion. Ignoring interest payments on past debt and transfers, how much did the government borrow in 2013? (in billions, round to two decimal places)
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In 2013 The Population Of China Was Estimated To Be 1 360 760 100 Round Off The
/in Uncategorized /by developerIn 2013, the population of China was estimated to be 1,360,760,100. Round off the number of people
a. to the nearest thousand.
b. to the nearest million.
c. to the nearest hundred million.
d. to the nearest hundred thousand.
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In 2013 The Supreme Court Struck Down As Unconstitutional The Defense Of Marriag
/in Uncategorized /by developerIn 2013, the Supreme Court struck down as unconstitutional the Defense of Marriage Act (DOMA) which was passed by Congress. Would this be an example of checks and balances between the legislative and judicial branches? Should the U.S. Supreme Court, a nonelected body, have the power to make such decisions on acts passed by the legislative body, who are elected by the people?
Question: In 2013, the Supreme Court struck down as unconstitutional the Defense of MarriageAct (DOMA) which was passed by Congress. Would this be an example of checks and balancesbetween the…
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In 2014 Lawrence Company Had Gross Sales Of 1 010 000 On Account And Granted Sal
/in Uncategorized /by developer1. In 2014, Lawrence Company had gross sales of $1,010,000 on account and granted sales discounts of $10,000. On January 1, 2014, the Allowance for Doubtful Accounts had a credit balance of $20,000. During 2014, $30,000 of uncollectible accounts receivable were written off. Past experiences indicate that 3% of net credit sales become uncollectible. Using the percentage of credit sales method, what would be the adjusted balance in the Allowance for Doubtful Accounts at December 31, 2014?
show works.
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In 2015 Anonymous Hacked The Official Twitter Account Of The Kkk Ku Klux Klan An
/in Uncategorized /by developerIn 2015, Anonymous hacked the official Twitter account of the KKK (Ku Klux Klan), an extremist, secret society formed after the Civil War to advocate for white supremacy. KKK members wear white robes and hoods to hide their identities. The hacktivists stated that because the KKK had previously threatened to harm a group of protesters, they would retaliate by releasing the names of prominent people who were KKK members.
Research hacktivism, and write one-page paper that answers the following questions:
Quiz Questions
a.
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