l**e
发帖数: 575 | 1 Prepare 2010 retained earnings statement for XX Co.
Income before income tax 220,000
Prior period adjustment: understatement of 2008 deprec. exp. 25,000
Cumulative decrease in income from change in inventory methods,before tax,
45,000
Dividends Declared (of this amount, 25,000 will be paid on Jan. 15,2011) 100
,000
Effective tax rate 40%
Net income / Dividends declared
2007 40,000 / 0
2008 125,000 / | p**z
发帖数: 1311 | 2 1. i think change in inventory method is considered a change in estimate (
apply prospectively) ?
2. 没有影响. think about the timing.
the whole 100,000 dividend happened in 2010, so it should has nothing to do
w/ 2011....
i think ... | l**e
发帖数: 575 | 3 谢谢楼上～！
我确定Change in inventory=change in accounting principle,就是不知道Retro体现
在哪里，关于Cumulative Decrease in income是直接修改2010年的Beginning
Retained Earnings么？ | s****y
发帖数: 561 | 4 change in inventory是change in principle但是按change in estimate做
【在 l**e 的大作中提到】
: 谢谢楼上～！
: 我确定Change in inventory=change in accounting principle,就是不知道Retro体现
: 在哪里，关于Cumulative Decrease in income是直接修改2010年的Beginning
: Retained Earnings么？
|
|
