Tableau Dashboard Activity Use Conservative Versus Aggressive Accounting Estimates
Review the Tableau visualization, and then answer the questions that follow.
At the end of its first year of operations, a company is preparing financial statements but no yearend adjusting entries have yet been
made. The company's management provides the following range of estimates:
Future uncollectible accounts are estimated to be to of accounts receivable.
The estimated selling price of ending inventory NRV is $ to $ below cost.
Equipment purchased during the year will be depreciated over its estimated service life of to years.
Future warranty costs are estimated to be to of sales revenue.
Required:
Complete this question by entering your answers in the tabs below.
Select the more aggressive estimate for each of the four adjusting entries. What are the amounts for a net income, b total
assets, and c net cash flows?
