Accounting question and answers for July 04, 2023
- Q Any and all help would be much appreciated! All Journals and General Ledger; Trial Balance The transactions completed by Revere Courier Company during December, the first month of the...
- Q I HAVE 20 MIN - ASAP PLEASE! Fred's Grill Restaurant hires you to determine the company's status. He paid $85,000 for wages and $65000 for other expenditures on factors of...
- Q Argentina Partners s concemed about the possible eflects of inflation on its aperations. Presently the company sels 66.000 units...
- Q Q39 The premium on a bonds payable account is initially A) added to the carrying value of the bonds payable. B) deducted from the carrying value of the bonds payable....
- Q Cules de las siguientes se consideran restricciones generalizadas por la Declaracin de conceptos de contabilidad financiera n. 2? (Puntos: 4) Oportunidad y valor de retroalimentacin Relacin costo-restriccin y conservadurismo Materialidad...
- Q On March 2, 2021, HABIBIYUCK bought an equipment costing P1,200,000. It is the Company's policy to depreciate long-lived assets using the double declining balance. The equipment had a useful life...
- Q Miley, a single taxpayer, plans on reporting $30,475 of taxable income this year (all of her income is from a part-time job). She is considering applying for a second part-time...
- Q Explain the importance of inherent risk in the development of an audit plan for a large international corporation
- Q SMC, Inc. Balance Sheet December 31, 2017 Assets Cash .........................................................................................................$34,500 Accounts receivable................................................................................$25,000 Inventory ..................................................................................................$10,000 Supplies ................................................................................................... $200 Total assets..............................................................................................$69,700 Liabilities: Accounts payable ............................................................................. $12,000 Salaries payable ............................................................................... $1000...
- Q A product sells for $200 per unit, and its variable costs per unit are $130. The fixed costs are $420,000. If the firm wants to earn $35,000 pretax income, how...
- Q Seeder Co. makes organic non-GMO seed packets for the gardener market. The standard labor to count and assemble each packet is 0.05 hours at a cost of $17.85 per hour....
- Q si el capital es de $350 000 y los pasivos son 196 000, entonces los activos son iguales
- Q Which of the following is not good advice to give someone preparing a dashboard of data? Include effective visualizations of data rather than simply reporting the information with...
- Q A defendant set off fireworks at a fully-licensed Fourth of July show. The result of the fireworks resulted in a misfire and injured plaintiff. In order for the plaintiff to...
- Q -Tannin Bus Co. sold 8,000 tickets on 1/5/2020 at $20 each for four-month period from 1/5/2020 to 31/8/2020. Assuming that Tannin Co. prepares the financial statements on 31/7/2020, the unearned...
- Q For each of the following three businesses, which costing method would better reflect the businesss economic reality? a. Art dealer b. Automobile manufacturer c. Specialty liquor store
- Q You have been asked by the financial vice president (VP) to develop a short presentation on the lower of cost or market method for inventory purposes. The financial VP needs...
- Q I need help with this question. Thank you. thethod wil be 20,000
- Q Instructions PLEASE READ THEM CAREFULLY The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted....
- Q What is the difference between a significant deficiency and a material weakness as it relates to internal Control? How does the presence of one material deficiency affect the auditors report...
- Q Si la accin A tiene un rendimiento esperado del 8 % con una desviacin estndar del 12 % y la accin B tiene un rendimiento esperado del 9 % con...
- Q C (Regular) Corporation Tax Return. FACTS Valerie Lawson and Clara Norman are the sole equal shareholders in the corporation...
- Q ...
- Q Form 1040. Use the 2018 tax forms (locate tax forms on www.irs.gov) Schedule 1, Form 1040 Schedule 4, Form 1040 Schedule C, Form 1040 Schedule...
- Q If a firm's forecasted sales are $250,000 and its break-even sales are $190,000, the margin of safety in dollars is:
- Q "Consider the following five $1,000 par value zero-coupon bonds: (A) Maturity in 1 year and 3% Yield to Maturity; (B) Maturity in 2 years and 7% Yield to Maturity; (C)...
- Q How is the quantity entered in the Sales Invoice window for a sales return transaction? HTML Editor
- Q A delivery service owns a small fleet of trucks which was purchased for $150,000 early in the company's fiscal year (same as the calendar year) 2014. It is expected that...
- Q A government constructed a bridge 20 years ago at a cost of $30 million. The replacement cost of the bridge today would be $90 million. The bridge has a useful...
- Q The new revenue recognition standard excludes coverage of all the following except: A. insurance contracts. B.financial instruments. C.long-term construction contracts. D. leases.
- Q Can a home office be used for multiple businesses and still qualify as a home office for business deductions? Provide the IRC Section to support your findings.
- Q KAJ Incorporated purchased a machine costing $100,000 by paying $20,000 and signing an $80,000 note payable. How would this transaction be reported within the cash flow from investing activities section...
- Q Warrants exercisable at $20 each to obtain 10,000 shares of common stock were outstanding during a period when the average market price of the common stock was $25. Application of...
- Q Prepare the bank reconciliation statement as at June 30, 2017. Use the bank reconciliation statement to record the relevant reconciling items in the general journal. Bank reconciliation statement ~ May...
- Q Claudette works in Qubec and her 2019 payroll totals are regular earnings of $52,600.00, regular commission payments of $3,600.00, employer-provided automobile taxable benefit of $3,418.00, employer-paid medical and dental benefits...
- Q Sustainability is much associated to the Corporate Social Responsibility (CSR) Sustainability is much associated with the environmental protection. Explain 3 benefits of sustainability reporting. Contrast between the concept of corporate...
- Q HOW DO I CALCULATE? The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019. ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash...
- Q Assume that Filimonov uses a periodic inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the FIFO inventory costing...
- Q Determine the present value of the bonds payable using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar
- Q P 8.74: Cul de los siguientes es cierto para las cuentas por cobrar y los documentos por cobrar?
- Q 3:04 O How much revenue and gross profit or loss will solo construction do recognize in the first and second year if it regained fecund upon contract completion....
- Q When a partner invests noncash assets in a partnership, the assets :should be recorded at their Fair market value .a o 1 Book value .b Original cost ce...
- Q Which of the following methods allocates joint costs based on the pounds of products produced at the split-off point? Constant gross margin percentage method. Net realizable value method....
- Q Comparative statements of shareholders equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2021, 2022, and 2023. ANACONDA INTERNATIONAL...
- Q Baldwin's balance sheet has $87,872,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also expecting to issue $4,000,000 in new stock. If there are...
- Q Quartz Instruments had retained earnings of $145,000 at December 31, 2021. Net income for 2022 totalled $90,000, and dividends for 2022 were $30,000. How...
- Q The following table presents Engies (an energy company) financial information. Statement of Financial Position Income Statement Based on the above: a. Appraise Engies capital structure using the...
- Q how toconvert this info into an owners equity form?
- Q Question 5 On 1 July 2020, Big Ltd acquired all the issued share capital of Small Ltd for cash for an amount of $1,050,000. On the date of the acquisition,...
- Q During 2014, Markowitz Company exchanged $1,700,000 of its common stock for land. Indicate how the transaction would be reported on a statement of cash flows, if at all.
- Q the difference between 1. historical cost 2. current cost 3. net realizable value 4. present value 5.fair value 6. recoverable value
- Q Jaxson Corporation tiene los siguientes datos relacionados con los costos de mano de obra directa para septiembre: los costos reales son 10 200 horas a $15,75 por hora y los...
- Q James owes $950 in 4 years and $850 in 9 years. However, James is unable to meet his $950 obligation at the end of 4 years. By mutual agreement with...
- Q A company produces very unusual CD's for which the variable cost is $ 20 per CD and the fixed costs are $ 40000. They will sell the CD's for $...
- Q When a member performs non-attest services for an attest client, management is required to designate an individual to oversee those services. Which choice best describes the qualities that are required...
- Q Which of the following household employees is required to fill out a Form W-4 for the tax year? Megan, who was hired on August 2, 2017 as a live-in nanny...
- Q eanCo LeamCo manufactures...
- Q Audit concerns and implications on risk assessment are two important factors that must be addressed in a computer information system environment. Discuss the above statement.
- Q If employees are given bonuses for satisfying normal standards, the standards may be very effective in motivating employees. A. True ...
- Q Splish Corporation had 2025 net income of $1,234,000. During 2025, Splish paid a dividend of $2per share on204,200shares of preferred stock. During 2025, Splish had outstanding258,000shares of common stock. Compute...
- Q State and general purpose local governments are considered primary governments. Under what circumstances would a special purpose government be considered a primary government?
- Q Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has...
- Q Bruno Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer-aided design and manufacturing machine for $426,000. The company believes...
- Q Olden Motor Vehicles Ltd offers a 12-month warranty for the sale of used motor vehicles. On 1 July 2015, there was a credit balance of $70 000 in its Warranty...
- Q Jacob
- Q Management anticipates fixed costs of $72,500 and variable costs equal to 40% of sales. What will pretax income equal if sales are $325,000?
- Q How did Procter & Gamble reflect the 2019 goodwill impairment in its income statement and cash flow statement? Provide page n7mber from the annual report
- Q The following income statement and balance sheets for Laser World are provided: LASER WORLD Income Statement For the year ended December 31, 2018 ...
- Q The controller of the Javier Company is preparing the budget for 2018 and needs to estimate a cost function for delivery costs. Information regarding delivery costs incurred in the prior...
- Q Exercise 11-3 (Algo) Transfer Pricing Basics [LO11-3] Sako Company's Audio Division produces a speaker that is used by manufacturers of various audio products. Sales a the speaker follow: Selling...
- Q Nerrod Company has gathered the following data pertaining to activities it performed for two of its customers: What is Nerrod's total customer unit-level cost applicable to XBT as...
- Q What will be the impact on Return on Equity (ROE) if following ratios change? Explain how changes in each ratio will affect ROE. a. Tax burden and Interest burden go...
- Q On April 2, 2014, Victor, Inc. acquired a new piece of filtering equipment. The cost of the equipment was $160,000 with a residual value of $20,000 at the end of...
- Q Which method did Procter & Gamble use in preparing its cash flow statement? Provide a proof for your answer and the page number from the annual report.
- Q Question 11 a process costing system, costs are generally accumulated by: Job order Unit Department Product line
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