Employee fringe benefit program expenses, Accounting Basics

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Employee fringe benefit program expenses

Southern Company's accountant failed to accrue as of 12/31/08 some employee fringe benefit program expenses that were incured in 2008 and that will be paid in 2009. The result of this ommision is to:

a. overstate the current ratio at 12/31/08 and overstate ROI and ROE for the year ended 12/31/08.

b. overstate the current ratio at 12/31/08 and understate ROI and ROE for the year ended 12/31/08.

c. understate the current ratio at 12/31/08 and understate ROI and ROE for the year ended 12/31/08.

d. not affect ratio at 12/31/08 but to overstate ROI and ROE for the year ended 12/31/08.

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Accounting Basics: Employee fringe benefit program expenses

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Accounting Basics: Employee fringe benefit program expenses

Reference No:- TGS080038

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Prepare current year s-corporation tax return for bottle-up

Q : What the adjusted cash balance at the end

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Q : Employee fringe benefit program expenses

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Employee fringe benefit program expenses

Reference No:- TGS080038

Recent Questions Asked Accounting Basics

Q : Prepare current year s-corporation tax return for bottle-up

Q : What the adjusted cash balance at the end

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Q : Create a console program where you will implement

Q : Employee fringe benefit program expenses

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