Monday
July 28, 2014

Homework Help: ACCOUNTING

Posted by ROSE on Saturday, November 17, 2007 at 7:26pm.

THE NET INCOME OF SIMON AND HOBBS, A DEPT.STORE,DECREASED SHARPLY DURING 2000.CAROL SIMON, OWNER OF THE STORE, ANTICIPATES THE NEED FOR A BANK LOAN IN 2001. lATE IN 2000, SIMON INSTRUCTS THE STORE'S ACCOUNTANT TO RECORD A 410,000 SALE OF FURNITURE TO THE SIMON FAMILY, EVEN THOUGH THE GOODS WILL NOT BE SHIPPED FROM THE MANUFACTURER UNTIL jAN. 2001. SIMON TELLS THE ACCOUNTNAT NOT TO MAKE THE FOLLOWING DEC. 31, 2000 ADJUSTING ENTRIES: SALARIE OWED TO EMPLOYESS $900, PREPAID INS. EXPIRED $400. wHY IS SIMON TAKING THIS ACTION? iS HER ACTION ETHICAL? GIVE REASON, IDENTIFYING THE PARTIES HELPED AND THE PARTIES HARMED BY SIMON'S ACTION.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Accounting - Why is Simon taking this action? Is her action ethical? Give a ...
Accounting - Why is Simon taking this action? Is her action ethical? Give a ...
accounting - Can someone tell me how to figure this out? I am so lost when it ...
6th Grade Math - Simon went to the store to buy new school supplies. Simon spent...
math - simon added $4.50 to the money in his bank. then his father agreed to ...
7th grade math - In 2000, the circulation of a local newspaper was 3,250. In ...
Maths - Help me pls.. Lili gave 1/4 of her money to Simon. Then Simon gave 1/5 ...
Accounting Math - This is not homework i already got it wrong without an ...
7th grade math mac please - 18. In 2000, the circulation of a local newspaper ...
Math - 3. Kay and SImon bought mugs at the gift shop. Simon bought 6 more mugs ...

Search
Members