Ask Experts Questions for FREE Help !
Ask
    SusanQ's Avatar
    SusanQ Posts: 7, Reputation: 1
    New Member
    		  
    #1

    Nov 15, 2010, 11:05 PM
    Intermediate accounting 3 litigation settlement journal entry
    I need to know what the journal entry was for a settlement of free repairs in a class lawsuit, by looking at the income statement.

Check out some similar questions!

Warranty journal entry - Intermediate Financial Accounting II [ 2 Answers ]

Please help me figure out the following problem - THANKS! The X Corp sells a separate warranty on some of its products. During 2007, it sold 20,000 warranties. Price of the 2 year warranties was $49 each. During 2007 the company paid 280,000 to honor warranty agreements and estimates that...

Accounting Journal Entry [ 2 Answers ]

Can someone help me with this entry. Declared semiannual dividends of $.30 on the common shares to shareholders of record on October 25m, payable on November 15.

Settlement charges in a purchase journal entry [ 1 Answers ]

I need to know how to classify the settlement charges in a purchase journal entry.

Accounting Journal Entry [ 2 Answers ]

Hi, Kindly let me know the journal entry required to pass in case of the below scenario. I know this is simple but wanted a clarification. What entry would be passed in case an invoice is paid against a particular purchase order for the purchases made for 500$.

View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.