Effects of Inventory errors Seshavradhanr Rao Maramraj ACC 539 Week 2 August 10 2008 Effects of Inventory errors A. The ending inventory reported in 2002was overstated by $ 23‚500 for merchandise that Kirk’s Servistar hold on consignment. Therefore‚ the ending inventory in 2002 is $ 91400-$ 23‚500 = $ 67‚900 and the beginning inventory in 2003 is $ 67‚900. The correction of the 2002 and 2003 income statement is | | |2003
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Error Identification (10 marks) The following text has 10 errors (excluding the example). In the space provided‚ write down the line number against each error and give the correct answer. Do not copy the text. Example: Line Error Correction 1 are is 1 General Steel is one of the most recognized name in the international steel building industry. In addition to being able to supply quality steel buildings anywhere in the United States‚ General Steel have provided customers
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Introduction For each error‚ describe to a recently hired bookkeeper how it would be shown on a cash reconciliation. Given the following errors: ∑ The bank recorded a deposit of $200 as $2‚000. ∑ The company’s bookkeeper mistakenly recorded a deposit of $530 as $350. ∑ The company’s bookkeeper mistakenly recorded a payment of $250 received from a customer as $25 on the bank deposit slip. The bank caught the error and made the deposit for the correct amount. ∑ The bank
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XBLR Error Study Keisha McDonnough Florida Atlantic University ACG 4401 Instructor Renee de Roche June 7‚ 2012 Extensible Business Reporting Language (XBRL) is a standards- based language that facilitates the interchange of interactive financial information via electronic communication.(FFIEC‚ 2006). The idea behind XBRL is straightforward- a digitized version of the text of the financial statement. XBRL treats specific identifiable information in a financial statement as an individual
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Sources of History Sources of information provide the evidence from which the historian obtains facts about the past. In writing history‚ the historian not only relies on past thoughts rather re-enacts it in the context of analysing the documents and other records left. This is an indispensable condition in the quest for historical facts. Primary sources are those that have witnessed the event that took place or have been part of the incident being studied. These include written records
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to ensure that the provider is properly reimbursed for their services. In the pursuit of this goal‚ errors‚ both human and electronic‚ are unfortunately unavoidable. Since the process of medical billing involves two incredibly important elements (namely‚ health and money)‚ it’s important to reduce as many of these errors as possible.” (para 1). Thus‚ it can assist with prevention of simple errors like incorrect patient information‚ incorrect coding‚ incorrect provider information‚ mismatched medical
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to our text book‚ primary sources of secondary research include audio‚ video‚ or written transcripts of original research speeches in entirety‚ and raw data that has not been interpreted. Primary sources serve as the best sources as they have not been diluted with thoughts or interpretations of another source. Laws‚ court documents‚ census‚ human resource records‚ are primary sources. Primary sources are most trustworthy and valuable sources of data. Secondary sources are the interpretation of
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Shakespeare’s The Comedy of Errors The Comedy of Errors was Shakespeare’s first comedy. It is a light yet dramatic play about a family of twins‚ their parents‚ and their twin servants‚ who have been separated for over twenty years due to a tragic accident at sea. The story‚ following the usual format of Shakespeare’s work occurs and is concluded all in one day. The twins run into each other the whole day through and are mistaken for each other more than once. This confusion makes the tragedy
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Source Evaluation: Patient Informatics Introduction Frequently in healthcare valuable time‚ finances‚ and resources are spent due to the lack of communication and accessibility of patient information. This waste of resources comes in the form of unnecessary testing‚ because a similar test had been completed at another facility; and unnecessary questions that could have already been answered‚ such as allergies and confounding health issues. This reduction in efficacy is manifests in higher than
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Open/Close Source Open and Close source operation system seem to be the same the perform the same task in what a pears to be the same way. Other than this there is very little they have in common from the rights that they are distributed under to how they are and who they are developed by. Open source refers to the software-industry tradition of developing and sharing source code and standards‚ and of encouraging collaborative development. Often aligned with hacker culture‚ open-source software
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