Accounting question and answers for July 07, 2023
- Q A new ambulance purchased for the fire department will be recorded as an asset in: Group of answer choices Governmental Fund Governmental Activities Encumbrances Ledger Revenue Ledger?
- Q 11. The cost of maintenance on the production equipment would likely be: a. direct materials b. direct labor c. overhead d. period cost
- Q [The following information applies to the questions displayed below.] The following year-end information is taken from the December 31 adjusted trial balance and other...
- Q A finance lease requires 8 annual payments of $25,000 with the first payment at the beginning of the lease. The interest rate is 8%. The lessor has acquired the leased...
- Q Star Berhad and its group of companies are involved in the food and beverages industry. The Group is well-known for...
- Q How do Canadian know if they purchasing products produced in sweatshop or not?
- Q Se declara un pasivo por pensiones cuando: A.. la obligacin por beneficios proyectada excede el valor razonable de los activos del plan de pensiones. B. la obligacin por...
- Q suppose the proportion of the 88,000 gallons of waste that arrives in the form of grease is diverted from the biodigester and is instead used to make biodiesel. Each biodiesel...
- Q A machine costs $600,000 and is expected to yield an after-tax net income of $23,000 each year. Management predicts this machine has a 10-year service life and a...
- Q Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during...
- Q 5) Which of the following statements is true? 1. All manufacturing overhead costs are treated as product costs under both absorption and variable costing. 2. Variable costing treats all manufacturing...
- Q A food production company issues $50,000 of common stock to investors in exchange for money. how does it effect the following(deacrease/increase/does not affect): total assets: stockholders equity: retained earnings: ...
- Q An investor purchased 507 shares of common stock, $20 par, for $18,759. Subsequently, 96 shares were sold for $31 per share. What is the amount of gain or loss on...
- Q You are just hired at the age of 22 and want to save for retirement. You want to save enough money by age 60 to finance an annuity of $4,000...
- Q A Comprehensive Accounting Cycle Problem On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The...
- Q the Reverend Morgan received a salary of $42,000. as a full-time minster. On January 1,2019, his church designated $12,000 of his 2018 salary as parsonage allowance. How much of Rev....
- Q A company has the following information in its records. Certain data have been intentionally omitted (\$ in thousands). Required: Determine the missing numbers. Note: Enter all amounts as...
- Q What options exist when a customer or client defaults? Define default and describe the remedies available to the secured party if there has been a default. Are these remedies enough...
- Q Current Attempt in Progress In its first month of operations, Lily Company made three purchases of merchandise in the following sequence: (1)310 units at $8,(2)450 units at...
- Q Coord Ford Data tablo Desi Tui More info Der Vio Pro Done Help me solve the Coord Ford Data tablo Desi Tui More info Der...
- Q You have been promoted to the position of Financial Controller in your firm, the supplier of a wide range of office equipment. As the Financial Controller, identify and discuss 4...
- Q As of December 31, Joy Company had P77,850 in cash, held P21,500 of office supplies and owned office equipment with a carrying value of P107,850. Joy Company also had borrowed...
- Q The City of Bemard starts the year of 2020 with the following uncestricted amounts in its general fund cash...
- Q Exercise 16-16 (Part Level Submission) On January 1, 2018, Monty Corp. had 484,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock...
- Q 13. Ignoring the information in the previous question. Determine the amount of overhead applied (rounded to the nearest dollar) assuming the following. The predetermined overhead rate was $105.00 per direct...
- Q ! Required Information E9-11(Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] [The following information applles to the questlons displayed below.]...
- Q please prepare statement of cash flows(direct method) : cash 6,300 accounts receivable 900 equipment 5,500 accumulated depreciation -equipment 1,500 total assets 11,200 accounts payable 500 ,salaries and wages payable 500...
- Q Nautical Creations is one of the largest producers of miniature ships in a bottle. An especially complex part of one of the ships requires special production equipment that is not...
- Q A segment of a business responsible for both revenues and expenses would be called: Multiple Choice a cost center. an investment center. a profit center. residual income
- Q Which of the following is not true about straight-line deprecaition? Question 37 options: Straight-line depreciation requires the s imples data and calculations. Straight-line depreciation assumes equal productivity each period. Straight-line...
- Q Analyze any food restaurant business? What fixed costs are there? If there are low fixed costs, why can't anyone else do that same business, suggesting a hypercompetitive landscape. What are...
- Q Paula is single for most of the year. She marries Jeremy on December 10, 2019. What is the appropriate 2019 filing status for Paula (identify the most favorable filing status...
- Q Part 1. ABC Manufacturing is trying to decide whether to eliminate Department Z, which has produced low profits or losses for several years. The companys departmental income statements show the...
- Q Henrie's Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $113,730, including freight and installation. Henrie's...
- Q Perform Horizontal Analysis on the following Income Statements
- Q la gestin de calidad total y la fabricacin justo a tiempo se centran en la mejora de la calidad, as como en las entregas a tiempo a los clientes. ...
- Q KoKo Co. purchased a 30% interest in Lange Enterprises on December 31, 2107 for 213,000. On that date, Lange's net assets had a book value of $300,000 and fair value...
- Q Required information SB (Algo) The following information is ... [The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service...
- Q ACCOUNTING MONOPOLY ASSIGNMENT I need general journal, ledger, trial balance, income statement, and balance sheet. please send answers on a google sheets!! ...
- Q Whispering Winds Corp. uses a periodic inventory system and reports the following for the month of June. \table[[Date,Explanation,Units,Unit Cost,Total Cost],[June 1,Inventory,100,$5,$500
- Q Data on Gantry Company's direct labor costs are given below: What was Gantry's standard direct labor rate? Multiple Choice $8.20 $3.50 $3.30 $3.14
- Q Use the linear interpolation method to find the missing values. Please show the work on how to do it. 57 Time (h) Depth (mm) 0.5 1 78 1.5...
- Q A chronological record of transactions, showing for each transaction the debits and credits to be entered in specific ledger accounts, is called a journal. True or False?
- Q NOP currently uses labor costs to allocate all overhead, but management is considering implementing an activity-based costing system. After interviewing the sales and production staff, management...
- Q How would I calculate the cost of goods sold and inventory value for Sold 22 robots for $9350 each on account, terms 2/10, n/30, FOB Shipping Point, the company uses...
- Q Is Redeemable Preferred Securities of Subsidiaries a liability?
- Q Baxter Company reported a net loss of $14,991 for the year ended December 31. During the year, accounts receivable decreased by $5,432, merchandise inventory increased by $11,492, accounts payable increased...
- Q Waterway Corporation had the following selected transactions in the month of October. The company adjusts its accounts monthly. 1. At the end of...
- Q Madeoff donated stock (capital gain property) to a public charity. He purchased the stock three years ago for $100,000, and on the date of the gift, it had a fair...
- Q Case Study How A New Engineering Graduate Can Help His Father Background "I don'know whether to sell it, expandit, les...
- Q Lets assume that ABC is a merchandising company. If beginning balance is $100, Cost of Goods Sold is $1,500 and ending inventory is $600, what is the purchase value? a....
- Q Pablo the trainer has two solo workout plans that he offered his client's. plan A and Plan B. Each client dies ethier one or the other (not both). In Mondays...
- Q 5. On March 1, 20X1, Efay Co. purchases for $600,000 a machine that Efay estimates has a useful life of 5 years and a residual value of $15,000. Efay uses...
- Q Towson Company manufactures book cases, and each requires 22 board feet of lumber. Towson expects that 1,800 and 1,850 book cases will be built in June and July, respectively. Towson...
- Q A company's shipping division (an investment center) has sales of $2,580,000, net income of $903,000, and average invested assets of $1,720,000 Compute the Division's...
- Q This js for a grade, i would really appreciate any help its one long accounting problem assigned. Please help! ...
- Q nesrest cent
- Q A firm uses the weighted average method for process costing. It has 247 units in beginning WIP inventory at 26% complete with respect to conversion costs. It starts 12,011 units...
- Q ...
- Q The ledger at year end of Wonderland Company showed the following information: Service Income P 605,750 Salaries expense 492,000 Rent expense 95,700 ...
- Q Dec. 31, Year 2Dec. 31, Year 1 Accounts receivable$34,800 $28,500 Inventory50,800 59,100 Accounts payable15,400 19,700 Dividends payable18,000 20,000 Adjust net income of $91,800 for changes in operating assets and liabilities...
- Q To elect S corporation tax treatment, the shareholders file: a Form 2553S with the FTB b Form 100S with the FTB c Form 2553 with the FTB d Form 2553...
- Q At the start of the year, the balance on Tahas capital account was $35,689. During the year Taha made drawings of $19,700 and the net profit for the year was...
- Q Ravonda purchased a ring costing $30,000 by taking out a 5.5% add-on installment loan. The loan requires a 25% down payment and equally monthly payments for 4 years. How much...
- Q Variable costs are relevant costs, and fixed costs are irrelevant costs
- Q Under the Bank Secrecy Act, certain financial institutions are required to keep records, including the maintaining of records of customer identity and the microfilming of checks and report certain foreign...
- Q In relation to your planning for substantive procedures and collecting evidence for the accounts receivable account, you have identified the following controls: An independent credit approval process prior...
- Q What should i include in trial balance after i finish journalizing the transactions that happend during november
- Q Rob is a taxpayer with Taxable Income of $100,000 before considering any capital gains. He plans to sell stock held long-term for a $150,000 gain. This sale will result in...
- Q Current Attempt in ProgressA company pays $6200 to its short-term creditor. This wouldincrease the company's owner's equity. decrease the company's liquidity. increase both the company's assets and liabilities....
- Q Prepare the schedule of cost of goods manufactured for Barton Company using the following information for the year ended December 31
- Q On October 1, 2019 Ala'a Cor acquired 40% of ownership of Fadi Corfor \$300,000 . At the date of acquisition, the book value of Fadi's net assets were \$600,000 The...
- Q 4. Which of the following items could appear on the debit side of a receivables ledger control account? 1, 2 and 33 and 42 and 42 and 4 (1) Cash...
- Q Consider an economy with two types of firms, S and I. S firms all move together. I firms move independently. For both types of firms, there is a 63% probability...
- Q On January 1, you win $37,500,000 in the state lottery. The $37,500,000 prize will be paid in equal installments of $6,250,000 over six years. The payments will be made on...
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