question archive Below is selected data for Swedish Vallhund AB
Below is selected data for Swedish Vallhund AB
Subject:AccountingPrice:2.87 Bought7
Below is selected data for Swedish Vallhund AB. Calculate discretionary accruals for Swedish Vallhund using this data. Below is selected data for Swedish Vallhund AB. Calculate discretionary accruals for Swedish Vallhund using this data.
Net Income(NI) Cash from Operations(CFO) Prior Normal (TA) Accruals
3000 2000 10000 -0.160
0.460
-0.060
0.260
0.100
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Answer:
0.26
Step-by-step explanation
Discretionary accrual = Accrual - Normal accruals = ((3000 - 2000)/ 10000 )- (-0.16) = 0.10 + 0.16 = 0.26
