Accounting Question
Q: Pedro Corporation acquired 80 percent of Strop Company on January 1, 2020, by issuing 29,000 shares ...
A: Acquisition: It is a case, when all or majority stocks of a company is purchased by another company....
Q: Problem Three: ) Given the revenue function R(x) = x³+ 3x²+ x Find the average revenue of producing ...
A: I) Average revenue is the price per unit sold Average revenue = Total revenue / No. of units ...
Q: On November 1, Camron Equipment had a beginning balance in the Office Supplies account of $600. Duri...
A: Supplies expense on Nov 30 = Beginning supplies + Supplies purchased - Ending Supplies = $600 + $1,7...
Q: A business issued a 60-day note for $99,000 to a bank. The note was discounted at 7%. Journalize the...
A: Businesses may issue short-term discount notes in consideration for goods, services, or cash. Thes...
Q: A Collateralized Mortgage Obligation (CMO) principal balance is $1,000,000,000. The pass-thru rate i...
A: Answer:
Q: Concord Corporation plans to introduce a new product and is using the target cost approach. Projecte...
A: In case of target costing the management will fix the desired profit and determine the target cost t...
Q: Which of the following items will not appear on the Books side of the reconciliation? A a non-suffic...
A: Bank Reconciliation statement is a statement which is prepared to reconcile cash book balance and ba...
Q: Explain how is cost of capital used to make financial decisions? Why do you think funds generated th...
A: In capital budgeting, the cost of capital is used to select projects with higher profitability so th...
Q: Assume that your audit partner asks you to design detailed substantive testing programs for accounts...
A: Considerable testing is a review technique that looks at the fiscal reports and supporting documenta...
Q: James Kirk is a financial executive with McDowell Enterprises. Although James Kirk has not had any f...
A: a Company is little confused whether go for Lease option or Purchase option , Below , I explained Le...
Q: On January 1, 2021 the Emming Corporation purchased some machinery. The machinery has an estimated l...
A: Depreciation is the reduction in value of asset over the period of time. It can be charged by straig...
Q: Karim Corp. requires a minimum $9,000 cash balance. Loans taken to meet this requirement cost 1% int...
A: working notes : Total Cash Available= 9,400+25,000=34,400 Ending: Cash Balance= IN AUG =10,959 -1...
Q: Given the following information interest income 3500, interest expense 2700, total assets 14000,.12 ...
A: Solution: ROE =EBITShareholder's Equity Using the information above we will ignore taxes, interest...
Q: Karen's Dance Studio created a $300 imprest petty cash fund. During the month, the fund custodian au...
A: Working Note 1: Calculation of cash Short Over =20+15+25+50+60=170 The Balance in Petty cash After...
Q: Which of the following is not a component of spread? Adverse selection Inventory costs Order process...
A: The question is multiple choice question. Required Choose the Correct Option.
Q: Eaton Manufacturing currently produces 1,000 bicycles per month. The following per unit data apply f...
A: Given the following information: Eaton Manufacturing currently produces 1,000 bicycles per month Di...
Q: Answer the below: What do you understand by attestation services? Discuss the responsibility and fu...
A: Attestation Services:-These are services when a certified Public Accountant (CPA) expresses his conc...
Q: Required: 1. What is the estimated fire loss if OOO Company applies the conservative retail approach...
A: Retail inventory method refers to the method used by retailers who resell products in order to comp...
Q: One of Courtney’s clients was interested in building a shopping center on a tract of land she owned ...
A: Asset are the inflow of economic benefit which helps to generate revenue for the business. It is hel...
Q: On June 30, Year 1, Marshall Company borrowed $15,000 from its bank for business expansion. The bank...
A: Loan amount =$15,000 Interest rate =10% quarterly rate=10%/4 (2.5%) present value of annuity factor...
Q: Deb Kelley opens a web consulting business called Smart Deals andcompletes the following transaction...
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...
Q: what is professional judgement in financial accounting ?
A: Financial accounting is that branch of accounting which deals in recording of transactions, classify...
Q: The accounts receivable clerk for Evers Industries prepared the following partially completed aging ...
A: Step 1 Hello. Since your question has multiple parts, we will solve first question for you. If you w...
Q: E7-8 Innova uses 1,000 units of the component IMC2 every month to manufacture one of its products. T...
A: Overhead costs refers to those ongoing expenses of an onrganization that are involved in operating a...
Q: The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (...
A: Net income is the amount of money earned after reducing the outlays from the incomes.
Q: Suppose you save one dollar the first day of a month, two dollars the second day, four dollars the t...
A: Each day of your amount is twice as much as you did day before .
Q: AY PARK CORPORATION Comparative Balance Sheet ...
A: Given the following information: Additional information Profit for the year ending December 31, 20...
Q: 1, 2020, 60 per Of Squeezy stOck On that date, Peasy reported buildings and equipment on its general...
A: The consolidated balance sheet is compared with combination of assets and liabilities of both holdin...
Q: Hong Publishing has purchased Lang Publishing. After reviewing titles from both companies, a decisio...
A: SOLUTION- WORKINGS NOTES-1 PARTICULARS AMOUNT SALES (101000 +151000 +201000) 453000 LESS- VA...
Q: PROBLEM 40: OOO Company uses the retail inventory method. At the end of the current year, OOO Compan...
A: SOLUTION- COMPUTATION OF VALUE OF CLOSING PRIOR TO THE FIRE OF RETAIL PRICE- PARTICULARS AMOUNT P...
Q: explain
A: It is identified that many of the criteria given in the Table I can be met simultaneously. For insta...
Q: The Piper Ventura Illustrators presented the following information pertaining to accounts that willn...
A: Adjusting entries are entries passed at the end of the period to accurately reflect income, expenses...
Q: Accounting Question
A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...
Q: A taxpayer places a $1,050,000 5-year recovery period asset in service in 2020. This is the only ass...
A: Cost recovery deduction refers to the depreciation deduction on the cost of the asset for income tax...
Q: The following information appeared in the annual financial statements of Havard Projects Limited: St...
A: The calculation of Debtors collection period, Creditors payment period, Inventory turnover ratio, Re...
Q: Indicate the effects of each of the following transactions on Assets, Liabilities, Share Capital and...
A: Each financial transaction in a business affects at least two accounts so that the accounting equati...
Q: Hello, I having trouble getting the right answer for Option B "net present value," and the "internal...
A: Internal rate of return refers to the discount rate at which the net present value of the investment...
Q: On January 1, you win $50,000,000 in the state lottery. The $50,000,000 prize will be paid in equal ...
A: Present value of future cash inflow discounted at 12% is the present value of your winnings
Q: Plz don’t make answer long ??
A:
Q: Boston Exemcutive, Inc., produces executive limousines and currently manufactures the mini-bar inset...
A: The Company produces executive limousines and currently manufactures the mini-bar inset and provides...
Q: The partners of the Liwa Engineering Company have decided to terminate the business. The balances of...
A: At the time of liquidation of partnership, first non cash assets are sold out, liabilities are paid ...
Q: Concord Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,470 per acre. At th...
A: Depreciation expense = Cost of Asset/useful Life
Q: The following adjusted trial balance was taken from the work sheet of Babylon Lighting. Assume the o...
A: Balance sheet shows the financial position of the organisation during the accounting period.
Q: Trading company Andin in September 2020, recorded the following transactions: Date Information Septe...
A: Special Journal There is much difference in the General journal entry and the special journal entry....
Q: Artman Automotive in Nova Scotia employs four people. Their annual gross earnings are $40,800.00, $5...
A: Total annual assessment is the total assessable earnings multiplied by the premium rate. Total asses...
Q: Distinguish a contigent liability from a provision.
A: Liabilities: It refers to the debt that company owes to someone. It can be short term or long term.
Q: ABC Ltd has incorporated a bonus plan that rewards the board of directors (executive members) by pro...
A: Funds are available when cash or cash claims (receivables) are received. Funds are available when th...
Q: Compute the total manufacturing cost for a manufacturer with the following information for the month...
A: Manufacturing costs include all the costs that are incurred related to the production of goods. Manu...
Q: Mary JaneTrial Balance as at 30 September 2012Account Dr. Cr.$ $Cash 9,415Bank 39,355Sales 17,085Pur...
A: The Income statement is prepared to find net income or losses incurred during the period.
Q: Given the following information about AKing & Lee form a partnership. The partnership agreement ...
A: Partnership is the arrangement between two or more individuals to share the profits of the business.
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