Ask Experts Questions for FREE Help !
Ask
    36angels's Avatar
    36angels Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 17, 2007, 08:34 AM
    Net income
    Question

    Accounts officers at xerox corporation discovered that significant errors have been made in the valuation of inventory and are worried that it might have significant impact on the net income and earnings per share. What are possible top 3 effects of the errors on the net income? What could have been the top 2 reasons behind incorrect valuation of the inventory?
    ksd2003's Avatar
    ksd2003 Posts: 1, Reputation: 1
    New Member
     
    #2

    Aug 29, 2007, 03:55 PM
    The top 2 reasons behind incorrect valuation of the inventory

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Net income [ 1 Answers ]

The changes to the account balances of Fritzs furniture Co Are as follows Cash 79,000 Acct Rec 45,000 Inventory 127,000 Investments (47,000)

Calculating net income [ 3 Answers ]

Vision Corporation's financial statements for the current year include the following: Income from continuing operations $744,000 Prior period adjustment (increase in prior year net income, net of taxes 228,000 Cash dividends paid to preferred stockholders 242,400 Gain from...


View more questions Search