FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+
FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+
9th Edition
ISBN: 9781119598312
Author: Kimmel
Publisher: WILEY C
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Chapter 13, Problem 5Q
To determine

Quality of Earnings:

Companies face artificial profits such as inflation of inventory created by accounting anomalies. Quality of earnings refers to the earnings of a company which refer to lower costs or higher sales and not the aforesaid profits. When an industry faces high inflation, the quality of earnings become very low.

To identify and explain: The factors that affect quality of earnings.

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Please give me correct answer this financial accounting question
Assume a federal agency has the following events: Receives a warrant from the Treasury notifying the agency of appropriations of $5,350,000. OMB apportions one-fourth of the appropriation for the first quarter of the year. The director of the agency allots $1,202,000 to program units. Program units place orders of $865,000. Supplies ($141,500) and services ($582,500) are received during the first quarter. Supplies of $130,000 were used in the quarter. Accounts payable were paid in full. Required: Prepare a schedule showing the status of the appropriation at the end of the first quarter.
What is the payable deferral period on these financial accounting question?
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