journal
Q: Ordinary shares and Preference Shares
A: Ordinary shares and preference shares are different classifications of shares issued by a corporatio...
Q: Shyam is a participant in a SIMPLE § 401(k) plan. He elects to contribute 4% of his $40,000 compensa...
A: ANSWER Deferred compensation is defined as a process in which a part of a worker's income is actua...
Q: A company has five product lines, one of which has Fixed expenses of $173,657 and a Net loss of $40,...
A: Segment Reporting; When a company's operating segments are reported in the financial statements that...
Q: a. On December 31, 2011, NFL restructured its Note Payable with face value of P2,000,000 and interes...
A: As per our protocol we provide solutions only to one questions but as you have asked multiple questi...
Q: Anticipated sales for Safety Grip Company were 48,000 passenger car tires and 14,000 truck tires. Ru...
A: Passenger tires pounds required for Rubber = 48,000 passenger car tires x 32 lb. per unit = 1536000 ...
Q: Perdue Company purchased equipment on April 1 for $86,670. The equipment was expected to have a usef...
A: Given that, cost of the asset = $86670 The useful life of asset = 3 Years total operating hours = 70...
Q: Show and contrast how return on investment and residual income are used to evaluate the performance ...
A: ROI (return on investment = ( Net Profit / Cost of the investment) X 100 Residual income = o...
Q: nprehensive Problem 1: rollowing is a comprehensive problem which encompasses all of the elements le...
A: Journal Entry for the transaction on May 3 is given below
Q: Under an operating lease, the lessee recognizes a ____________ when the aggregate rental payments is...
A: Introduction: Operating lease: The ownership of the Asset cannot be transferred under operating leas...
Q: If CDS spreads widen, does that increase, decrease, or have no effect on the credit spread of a corp...
A:
Q: Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, ...
A: Direct materials purchase budget would include the quantity of material to be purchased for each typ...
Q: The net profit this year is decreased by 10% due to the pandemic. How much was the net profit last y...
A: Solution: Current year profit = 90,000 Decrease in profit in current year = 10%
Q: On January 1 2019, Sunrise Company is experiencing extreme financial pressure and is in default in m...
A:
Q: Income fr
A: Assumptions :- 1] From t...
Q: Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates...
A: Unadjusted balance of Allowance for doubtful accounts = $2,400 - $1,800 = $600 Bad debt expense = ...
Q: BLUE INC. has provided the following data for its two most recent years of operation: Selling pri...
A:
Q: Carlos Consulting Inc. provides financial consulting and has collected the following data for the ne...
A: Material Loading Charge = Total estimated material costs*Profit margin on materials + Supply clerk’s...
Q: Auditors of both public companies and private entities _______. A. have a responsibility to re...
A: Solution: Auditors of both public companies and private entities "have a responsibility to report i...
Q: James states, “While the Sec. 199A qualified business income deduction is a deduction for individual...
A: Answer: Yes, and the rationale the Congress used in enacting Sec.199A is as follows,
Q: Christine is a single 50-year-old taxpayer with no dependents. Her only income is $40,751 of wages. ...
A: Taxable income is the income of a business that is liable to taxation. Different economies define ta...
Q: Your client left the cash receipts journal open after year-end for an extra day and included January...
A: If the cash receipt of Jan 1 next year is included in the current year 31/12 cash receipt journal an...
Q: Offenbach & Son has just made its sales forecasts and its marketing department estimates that the co...
A: Budgeted production in units will be equal to estimated sales plus desired ending inventory minus be...
Q: 5. The total sales this year is ₱1,200,000, which resulted from an increase in sales for 10%. How mu...
A: SOLUTION- SALES IS 1200000 WHICH WAS RESULT IN 10% INCREASE IN SALES FROM LAST YEAR .IT MEANS ITS ...
Q: 11.Bonnie owns a hardware store. During the year, Bonnie gives business gifts having the indicated ...
A: 11.Bonnie owns a hardware store. During the year, Bonnie gives business gifts having the indicated ...
Q: What do the accounting equation's elements entail? Give an explanation.
A: Accounting equation: An accounting equation is a tool that creates a link between a company's resou...
Q: Services performed (developed technology platform) $40,000 Contributed computer and peripheral equip...
A: Even if all donors of cash + property have 80% or more control over the transaction is it a non-taxa...
Q: On February 1, 2019, Edwards Corporation purchased a parcel of land as a factory site for $100,000. ...
A: Solution:- Calculation of the amount should Edwards record the cost of the land and the new building...
Q: Carleigh, Inc., is a pork processor. Its plants, located in the Midwest, produce several products fr...
A:
Q: i just need answer please quickly thanks !!!1 true or false 5 Assume the following merchandise t...
A: Daimler-Benz builds a $100,000,000 auto manufacturing plant in Virginia, current account will incre...
Q: Problem 17-5A Comparative ratio analysis LO P3 Skip to question [The following information appli...
A: Ratio analysis shows the interpretation of financial statements of the company by year on year compa...
Q: 2.5 With the aid of examples, highlight the differences between the following terms: Authorized an...
A: SOLUTION- SHARE CAPITAL IS THE MONEY A COMPANY RAISES BY ISSUING SHARES OF COMMON OR PREFERRED ...
Q: Gilbert Company made an ordinary repair to a delivery truck during 2020 at a cost of $500 and capita...
A: Ordinary repairs to truck should be booked as expense in accounts. Amount spent on Major overhaul on...
Q: Prepare a partnership Deed for a partnership business consisting of you and your family members
A: the deed of A,b and C is given below
Q: The following comparative income statement (in thousands of dollars) for two recent fiscal years was...
A: Here in this question, we are required to prepare vertical analysis of income statement. Management ...
Q: How do you define an accounting information system and what are its components? Give an example.
A: Introduction: The journal book will have a chronological record of all transactions in the organizat...
Q: Required: 1. Assume that the company's income tax rate is 30% for all items. Compute the tax effects...
A: Solution:- Computation the tax effects and after tax amounts of three items labeled pretax as follow...
Q: Depreciation, insurance, and property taxes represent $33,000 of the estimated monthly expenses. The...
A: Cash budget means expected cash receipts and expected cash payment with opening and closing cash bal...
Q: A company has invested assets of $3,500,000, total sales of 30,000 units and a desired ROI per un...
A: Total desired return = invested assets x ROI = $3,500,000 x 20% = $700,000
Q: ation will such be a Property, plant, and lotes payable
A: Sr No. Particulars Type of Account Type of organisation 1 Property, Plant & Equipment Fixed A...
Q: At December 31, 2020, the available-for-sale debt portfolio for Sheridan, Inc. is as follows. Unreal...
A: Explanation: In the Question the following Information is given: Sheridan reports Net income in 2020...
Q: Explain what it means to manage, define accounting, and discuss the nature and purpose of accounting...
A: Introduction: Accounting is concerned mainly with recognizing, documenting, measuring, and summarizi...
Q: Flyer Company has provided the following information prior to any year-end bad debt adjustment: • ...
A: SOLUTION- WORKING NOTE- CALCULATION OF BAD DEBT EXPENSE = CREDIT SALE * PERCENTAGE OF BAD DEBT ...
Q: The Casings Plant of Wyoming Machines makes plastics shells for the company's calculators. (Each cal...
A: Total targeted production: = Total sales + desired ending inventory - beginning inventory Material t...
Q: An Internal control questionnaire indicates that an approved receiving report is required to accompa...
A: An internal control questionnaire is a document that an auditor delivers to a company's staff prior ...
Q: The trial balance below relates to Prudential Commercial Bank as at 31st December, 2019. GH₵ GH...
A: Reserve: Reserve is the profit which is put it back into the business and reduces the amount of pro...
Q: Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur i...
A: 1. Silver company Schedule of Expected Cash Collection Particulars April May June Total Col...
Q: below: > In the first case, ECO Inc. prevailed based on the decision of the Supreme Court which orde...
A: Contingent Asset : 1. A possible asset that arises from past events and whose existence will be conf...
Q: Current Rate Range (do NOT use introductory rate) Annual Financial Institution Card Type Bonuses or ...
A: Following points to be seen before choosing Credit Card: No annual fees,therefore American express ...
Q: Coleman Company has provided the following information: beginning inventory, $100,000; cost of goods...
A: Formula: Ending inventory= beginning inventory + Purchases - cost of goods sold
Q: How do bond ratings and interest rate spreads on bonds differ? Which measure is considered by many i...
A: Bond rating is a categorization provided to fixed income instruments by approved agencies that aids ...
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