Q: con for the discrepancy in re
A: We know that Assets= equity + liabilities
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A: Financial statements are those statements and reports which are prepared at the end of accounting pe...
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A: *As per Bartleby guidelines, we are supposed to answer only three subparts. Kindly repost the remain...
Q: A responsibility center's contribution margin ratio is 40%, and its common fixed costs are currently...
A: Increase in margin = Increase in contribution margin - Increase in fixed costs where, Increase in co...
Q: Required information [The following information applies to the questions displayed below.] On Decemb...
A:
Q: ll business decisions have a on people. Oapplication O risk O effect recourse
A: Solution Concept Every business is operated on the society and it largely is affected by the society...
Q: 8 9 19 0 Given the following information, calculate the maintained markup %: Cost 1 Retail $69,600.0...
A: Introduction:- The markup on items supplied to consumers, or the difference between the cost of good...
Q: Sweeny Corporation owns 60 per cent of Bitner Company's shares. Partial 20X2 financial data for the ...
A: Solution An intercompany transaction is one between a parent company and its subsidiaries or other r...
Q: ompute the value of the lease liability to the lessee.
A: In order to arrive at value of lease liability to Flint corporation we are required to compute prese...
Q: The cost of goods sold was computed at P12.250. Total sales for the year were P42.950. of which P31....
A: Inventory turnover Ratio is the ratio which measure how the stock is used up or sold. The Higher in...
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A: Accrual basis: Under accrual basis accounting, revenue and expenses are recognized when they are inc...
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A: Introduction:- A balance sheet (also known as a statement of financial position or a statement of ...
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A: The issued and outstanding shares are the shares that are issued by the company and are not repurcha...
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A: The income statement is prepared to estimate the net income or loss incurred during the period.
Q: 3. Once upon a time, XYZ Company bought a piece of machinery for $300,000. The net book value of the...
A: Net Book Value of Machine = $60,000 Add: Amount Spend on Machinery = $100,000 Final Value of Inve...
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A: The fees and other expenses spent by the Corporation when borrowing funds are referred to as financi...
Q: What is the primary objective of any base wage and salary system?
A: A basic salary, also known as a base salary, is the amount of money that a salaried employee receive...
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A: Cash MDS regular account is one of the cash account which is maintained in the assets side of the ba...
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A: This question is, basically, asking for a decision whether the company should shut down or continue ...
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A: answers 1. The vendor credit terms are 1/10 net 30 which means discount of 1% will be available i...
Q: An account had a balance of P7,000 and paid P3,500 on the November 7 due date. A purchase of P2,000 ...
A: A finance charge is any fee levied on a loan. The finance charge is the total amount of interest bil...
Q: Complete the ordinary annuity as an annuity due (future value) for the following: (Please u Table.) ...
A: Solution: Future value is the future amount of money invested today at defined growth rate after spe...
Q: Ringmeup Inc. had net income of $197,300 for the year ended December 31, 2019. At the beginning of t...
A: Earnings Per Share: =Earnings attributable to shareholders / Weighted average number of shares outst...
Q: 4. Estrada V. Escritor sells on terms 3/10, net 30. Total sales for the year are ₱2,539,130. Forty ...
A: Accounts receivables are those customer accounts to whom business has made credit sales on account a...
Q: se that the actual level of output was 65,500 units. Prepare a e calculations.) CRANE CORPORATION Fl...
A: Total cost for 60,500 units Unit SP / Cost Sales $ 21,78,000 $ ...
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A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....
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A: You enter transaction information into your company's books to create a journal entry. In the second...
Q: ne 30, 201g, Roddick Company had a cash balance in its general ledger of $11,595. The company's bank...
A: Solution: A bank reconciliation is the internal control system by which the bank account balance in ...
Q: South Korea Inc. has an equipment costing P700,000 with an estimated salvage value of P70,000 and an...
A: Depreciation means the loss in value of assets because of usage of assets , passage of time or chang...
Q: The balance sheet reports the final balances of the permanent accounts at the end of the fiscal peri...
A: The balance sheet is s an essential part of financial statements. It contains all the assets, liabil...
Q: Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected th...
A: Solution: First we need to have carrying value on Dec 31, 22 by computing Premium amortized on Dec 3...
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A: T accounts are the general ledger accounts that are being prepared for the purpose of posting of rec...
Q: A firm has a P/E ratio of 18 and a ROE of 13% and a market to book value of __________. a.0.64 b...
A: P/E ratio = 18 ROE = 13%
Q: At the beginning of year 1, ABC Company raises $80 million of equity and uses the proceeds to buy a ...
A: Under dividend discount model, all the future dividends of a company are discounted at required rate...
Q: Under accrual basis, rental income of Kamahal-Mahal Company for the year 2020 is P600,000. Additiona...
A: Accrual basis: Under accrual basis accounting, revenue and expenses are recognized when they are inc...
Q: On January 1, 2019, Kyle company established a share appreciation rights plan to key employees whe...
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Q: -cancelable lease agreement between Faldo Leasing Company and Pina Company, a lessee. Commencement...
A:
Q: How much is the gain (loss) as a result of the sale of the building?
A: The answer for the multiple choice question and relevant working are presented hereunder : Cost of b...
Q: A ratio is simply the relationship between * nominal numbers multiple numbers two numbers ranges
A: Introduction:- Ratio analysis is used to interpretation or analysis of the company's financial perf...
Q: Computing Retained Earnings and Net Income The following selected balance sheet amounts are from Aer...
A: The Closing Retained earnings is the balancing figure for this balance sheet.
Q: Joshua is admitted by purchase of interest. b. Joshua is admitted by purchase of interest from Herbe...
A: Herbert and Ireneo are partners sharing profits and losses in the ratio of 60 % and 40%. Their capit...
Q: for the Compute following (show your solution): 1. Total Current Assets 2. Total Non-current Assets ...
A: 2. Balance Sheet - This Statement shows the balance of assets liabilities and Equity as at the balan...
Q: Using the business transactions below, complete T-accounts for the Smith Company. I have provided a ...
A: T-accounts are the statements prepared after recording the journal entries. These are prepared to ma...
Q: 1. What is the company's single plantwide overhead rate based on direct labor hours? 2. What is the ...
A: Overheads are the necessary indirect expenses incurred during cost of production to ascertain the co...
Q: withdrew $5,000 to buy a used Prelude, and at the end of the fifth year (1/1/11) she had to withdraw...
A: The difference amount will be only the future amount of withdrawals made. As the compounding is made...
Q: Given the following information calculate: Value B. gross cost of merch sold: Cost Retail $80,000.00...
A: Cost of Goods Sold: The term "cost of goods sold" (COGS) refers to the direct expenses incurred by a...
Q: Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that...
A: Price = Cost + Markup where, Markup = Cost x Markup %
Q: 5. Regarding the Board of accountancy, provide the following information: 1. Composition 2. Nomi...
A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for...
Q: Exercise 2 Lola Inc. must compute EPS for its 2020 reports. The following information is available ...
A: Investors contribute to the share capital of a company with the aim of receiving returns as and when...
Q: wner borrowed P4,000,000 in notes from the bank and paid of notes of P3,000,000 and interest of P240...
A: Computation of the net income for the current year. Effect on Equity Increase Decrease ...
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