Which of the following is correct?
A. If a company fails to record depreciation expense, net income and expenses are overstated.
B. If a company fails to record depreciation expense, stockholders' equity, net income, and assets are understated.
C. If a company overstates depreciation expense, net income is overstated and assets are understated.
D. If a company fails to record depreciation expense, net income and assets are overstated.

The simple interest in a loan of $200 at 10 percent interest per year is

Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?