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Q: Which factor explaining why accounting practices differ across countries do you think is most import...
A: Seven factors for difference in accounting practices across countries 1.Legal system (a) Common law ...
Q: how will they perform on the job. Mazen admits that this is a unique problem as he has never faced s...
A: Answer: Option (b) Non -programmed decision
Q: ABC Co. had 200,000 ordinary shares, 20,000 convertible preference shares, and P1,000,000 of 5% conv...
A: Diluted Earnings Per share:- Diluted Earnings per share helps to calculate a firm’s earnings per sha...
Q: 1.
A: Accounts receivables:- Accounts receivables shows the amount of money which is due to a firm on go...
Q: Question Answer & Explanation Related Questions Related Courses Question Answered step-by-s...
A: 1) Calculation of share premium as on December 31,2020 -
Q: The Sam Trust operates a welding business. Its current-year cost recovery deductions properly amount...
A: A tax deduction is declared by the taxable assessee for which the tax is being determined and he wil...
Q: 24). from the following facts,for the sum of years digits what is given: cost : $15,000 residual val...
A: Sum-of-the-years'-digits = 1+2+3+4 = 10 years
Q: Calculate the information below A) PV ratio B)profit when sales are 20000 C)New BE point if sellin...
A: SOLUTION- BREAK EVEN POINT = IT IS A POINT WHERE TOTAL COST AND TOTAL REVENUE OF THE COMPANY WILL B...
Q: I need answer for this question sir
A: The financial statements show the profitability of the business.
Q: The Discount Drug Company has three major product lines: drugs, cosmetics, and housewares. The compa...
A: SOLUTION- INCOME STATEMENT- IT IS ALSO CALLED PROFIT & LOSS STATEMENT IS A REPORT MADE BY COMPAN...
Q: XYZ club has a bar that maintains a separate trading account for its trading activities. Which of th...
A: Trading account is prepared in order to record the direct cost and sales revenue. The difference bet...
Q: Toy Kingdom is evaluating the extention of credit to a new group of customers. Although these custom...
A: As each customer a/c balance cannot be shown in financials, the Accounts Receivables account is used...
Q: Dexter Co
A: The company can raise its capital by issuing the share, or debts. The shareholders' of the company w...
Q: For each of the following, indicate whether the item should be included in the inventory of Blade Lt...
A: Inventory of the business means how much amount of goods lying in the business at the end like raw m...
Q: 7.
A: Bookkeeping is the recording of financial transactions on a regular basis. It involves four basic st...
Q: The book value per share * a. is usually a close approximation of the market price per sh...
A: Book value per share (BVPS) refers to the ratio which represents the minimum value of the equity of ...
Q: Which statement is incorrect? * a. PAS 33 is required to be used by companies who...
A: Earnings per shares (EPS):- It is calculated the company's profit divided by the outstanding shares ...
Q: PROBLEM 3: CCC Company included the following items under inventories: Goods out on consignment at ...
A: Inventory: Inventory is the current asset account which is used by the business entity to record the...
Q: On 1 April 2016, QP Pty Ltd (QP) purchased a new sedan car for $50,000, the car was for the exclusiv...
A: Fringe benefit tax is the tax levied by the central or state government for the benefits provided by...
Q: A fixed rate bond operation is agreed between two investors with the following data: coupon rate of ...
A: Explaination - The clean price is the price of a coupon bond not including any accrued interest. T...
Q: Discuss the different kinds of incentives that can be used to motivate employees to become involved ...
A: Answer : Employees can be motivated to become involved in quality development programs by offering t...
Q: An office furniture costing $110,000 has a useful life of 10 years. Fedex took $1200 to deliver and ...
A: Depreciation: Due to usage, passes of time, obsolete and accident reduction in the value of fixed as...
Q: A record of transactions for the month of May is as follows: Purchases Sales Units ...
A: Solution:- calculation of the ending inventory using FIFO as follows under:-
Q: Identify the five major steps in the accounting cycle.
A: The business analyzes the information and records financial transactions routinely during the accoun...
Q: Accounting Question
A: Note: Since you have asked multiple question, we will solve the first question for you. If you want ...
Q: 2. A man borrowed Php 100,000 at the interest rate of 12% per annum, compounded quarterly. What is t...
A: Effective Rate-: The Effective Interest Rate, is simply an effective yearly or interest rate, annual...
Q: PROBLEM 4: The records of ZZZ Company reveal the following information: A. Goods sold on an installm...
A: Following is the answer to the given question
Q: What are the definition criteria of an asset and a liability
A: Assets means the resources which is owned by business. Liability means the amount which is to be pai...
Q: Match each reason with its description. Reason Description 1. Legal system a. More-developed economl...
A: There are divergent accounting practices among various countries in the world. IFRS (International F...
Q: Harry began his analysis of repairing costs by collecting cost and activity data for a number ofrece...
A: Following is the answer to the given question
Q: On December 31, 2019, VENUS Company had 450,000 shares of ordinaryshares outstanding. On September 1...
A: Earnings per share is the ratio which is used to calculate what amount of profit before tax is avail...
Q: The following transactions, adjusting entries, and closing entries were completed by Lodge Pole Pine...
A: Depreciation is the amount of reduction in the cost of tangible fixed assets. The current year depre...
Q: 5. MTR bank has agreed to provide a lockbox system to Sexy Inc. for a fixed fee of P50, 000 per year...
A: Given, Fixed fee = P 50,000
Q: Patricia, an unmarried taxpayer who is head of household, has adjusted gross income of $42,800 and i...
A: Dependent child tax credit is the tax credit available to the parent for the expense incurred on the...
Q: The Moon Service Inc. engaged in the following transactions during the month of November 2015:• Nov....
A: In terms of accountancy, journal entry is considered as the first step of recording a relevant busin...
Q: Below are the transaction Marco Polo Merchandising Company for the first month of operation. Jan 1 M...
A: The first question is answered for you. Please resubmit specifying the question number you want answ...
Q: Activity Levels Used to Compute Overhead Rates Reggie Wilmore has just started a new business-buildi...
A:
Q: 4.
A: Journal entry: It is also called as book of original entry. All financial transactions occurred in a...
Q: On January 1, 2020, XYZ Corporation had 250,000 ordinary shares of P2 par value outstanding. On Marc...
A: Stock Dividends and Stock splits:- When Stock Dividend or stock split occurs, the company needs to r...
Q: Prepare closing entries for the current year of Goldfinger Corporation: Goldfinger Corporation had a...
A: The closing entries are recorded to reduce the balance in each temporary account namely expense, rev...
Q: 7. Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Ans...
A: Shareholders equity section of RUC corporation are 1. common stock of 25000 shares outstanding at pa...
Q: in medieval Europe what were the two main advantages of payment by bank deposit transfer overpayment...
A: Answer to 1 Calculation of present value of 2% coupon rate, 3 year bond Coupon Rate - 2% Market Rate...
Q: You took a physical inventory for your sole proprietorship at the close of business on July 31, 2019...
A: As on 31.07.2019, Closing inventory = P205000 Opening inventory = ? During July month, Sales = P7050...
Q: On April 1, Ringo Company borrowed $20,000 from its bank by issuing a 9%, 12-month note, with the in...
A: Journal entries is the act of recording the economic or non-economic transactions occurring in the b...
Q: 33. What is the estimated fire loss if 000 Company appies the conservative retail approach? 34. What...
A:
Q: LOVE Co. had EPS of P15.00 for 2020 before considering the effects of any convertible securities. No...
A: EPS stands for earnings per share, which can be defined as the monetary value of earnings as per the...
Q: Olivia Company was formed on July 1, 2017. It was authorized to issue 500,000 shares of P10 par valu...
A:
Q: a. At the stage of recording a credit sale transaction, please state the potential misstatements 3) ...
A: “Since you have asked multiple sub-parts, we will solve the first three sub-parts for you. If you w...
Q: What is the total Earnings Per Share for 2017? Note: Use 2 decimal places for the answer.
A: Answer: Ratio analysis acts as the finest tool to interpret and anise the financial statements of ...
Q: 10. Makmak Corporation uses the Baumol Cash Management Model to determine its optimal cash balance. ...
A: SOLUTION- BAUMOLS MODEL =IT IS ONE OF THE CASH MANAGEMENT MODEL WHICH IS USE TO DECIDE HOW MUCH CASH...
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- Which of the following statements is TRUE about designing, creating, and implementing a new business process?*Technology may change during the development process.*Computer simulation of alternative processes is inexpensive.*Process changes that don’t work can be undone easily.*Resolution of implementation problems is easier for enterprise processes.In the era of globalization, what steps should be taken by theEntrepreneur to upgrade the technology of their business to make themcompetitive?In what ways do turnkey systems have advantages and disadvantages that you should know about?
- What are the things that need improvement in Xero Accounting Software?Why should the product and financial stability of the companies that are on your short list of AIS be investigated?If you were the owner of a medium to large company, how could you use new technologies such as artificial intelligence
- 1. What do you think is automation? 2. Why is automation needed? 3. What do you think are the advantages of automation? 4. Do you think there are any risks regarding automation? Motivate your answer. 5. What do you think are the characteristics of that can be automated? Name three. 6. What do you think will the role of the processes accountant/auditor/tax specialist/financial manager be in the feature?What is meant by diffusion? Why it is important in the context of a technological innovation?what recent development in FP&A, if any, can significantly help companies deal with a black swan event?
