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A: A life insurance policy is a contract between the insurance company and the policyholder for a…
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A: Lets understand the basics. When bond is issued for more than face value of bond then bond is known…
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Q: Which of the following statements is/are FALSE: I. Because of the prudence convention, inventories…
A: The three fundamental accounting assumptions are enumerated as below: 1. Going concern 2.…
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A: Average cost is the cost that the company is expected to be incurred on its average number of units.…
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A: Introduction: Income statement is prepared at the end of particular period to know the income or…
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A: FLEXIBLE BUDGET A Flexible Budget is a Budget that adjusts to a Company's Activity or Volume…
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A: Bonds are the securities that are issued by the entity for raising funds. These are obligation for…
Q: he opted to withdraw an amount of ₱200,000.00. Calculate the available fund in his account 5 years…
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A: Ratio Analysis -The ratio is the technique used by the prospective investor or an individual or…
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A: a. Cash collected from customers = Beginning Receivables + Sales - Ending Receivables b. Cash paid…
Q: Which of the following statements is/are FALSE:
A: 1.Prudence convention: It is also known as Conservatism Principle . In this anticipated revenues…
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A: Securities - A security is a financial asset that may be traded. The phrase can be used to refer to…
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Q: he answer provided does not support the question. which makes
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A: This is the case of accounting systems and internal controls in a restaurant. The employee here…
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A: INTRODUCTION: A journal entry is frequently made in the main ledger, it can also be made in a…
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A: Sales Tax Liability=Sales Amount×Tax Rate
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Q: Ann transfers ten shares of stock in XYZ, Inc. to Brad. Ann purchased the ten shares of stock for…
A: Ann transfers ten shares of stock in XYZ, Inc. to Brad. Ann purchased the ten shares of stock for…
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Q: Required information [The following information applies to the questions displayed below.] On August…
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Q: 1. Assuming that 80,000 drums are needed each year, what is the financial advantage (disadvantage)…
A: 1)Alternative 1 Direct Materials (12 x 80,000) 960,000 Direct Labor (6.5 x 70%…
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A: The question is based on the concept of cost accounting. When goods are transferred from work in…
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A: Contribution margin = Sales value - variable cost
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A: Lets understand the basics. Journal entry is requried to make to record transaction or event that…
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A: Lets undersand the basics. Profit margin controllable by manager is calculated by the deducting…
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Q: a complete liquidation, Corporation Z distributes a building with adjusted tax basis of $200,000 and…
A: The liquidation need to be considered. when there is liquidation take place then all the assets and…
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A: The inventory can be valued using various methods as LIFO and FIFO. LIFO stands Last In First Out…
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A: Units sold means the units that are sold to the customers by the entity during a particular period.…
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A: Note: In the special order question, firstly relevant cost for the special order is calculated. To…
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