Identify which of the following amount is adjusted to the book balance on bank reconciliation. O Outstanding checks Check printing charges Deposit in transit None of the given option is correct.

Q: True/False) All of the regulations for Section 162 are proposed regulations.

A: The general rule for section 162 states that "A deduction of ordinary and necessary expenses paid or…

Q: List 5 advantages of cost principle.

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: 4 An individual circumstance or consideration to weigh when making a decision is called a/n AO Rule.…

A: The correct answer is:C) Factor.Explanation:An individual circumstance or consideration to weigh…

Q: 2. Define and describe a conflict of interest.

A: Solution Concept Conflict of interest                 The term conflict of interest means when there…

Q: In case where there is a conflict, the requiremnents of Conceptual Framework prevail those of the…

A: SOLUTION CONCEPTUAL FRAMEWORK MEANS THE WAY THE ACCOUNTS IS PREPARED , ACCOUNTING STANDARD BUILD AND…

Q: A. Define transfer pricing and elaborate on FOUR (4) of its purposes.

A: Transfer pricing is the price which is to be calculated if there is any transaction between related…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: 1,352,113.13 is incorrect. What is the correct answer?

A: Net Present Value is used to evaluate the investment and financing decisions that involve cash flows…

Q: In 4: 7: :16: 28, 7 and 16 ar a. Common factor. b. Mean terms.

A: Answer for the above question is option b

Q: Flint Corporation issued 1,900 shares of stock.

A: A Journal entry is a primary entry that records the financial transactions initially. The…

Q: Windhoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit a mineral…

A: NET PRESENT VALUE Net Present Value is one of the Important Capital Budgeting Technique.  Net…

Q: Explanation 1031 like-kind exchange

A:

Q: With the aid of examples, highlight the differences between the following terms: Rights issue and…

A: Solution:- Capitalization issue are also known as bonus issue. The following difference between…

Q: 3. Distinguish between a joint product and a byproduct.

A: The production in the business may lead to product of joint products which are main products and…

Q: What is Break Even Point?

A: BEP is called as break even point. Formula: Break even point = Fixed cost / Contribution per unit

Q: 7. How would you define transaction exposure? How is it different from economic exposure?

A: Exposure refers to the degree to which an individual or entity is subject to a particular risk or…

Q: Briefly describe the purpose of internal control and provide an example of an internal control…

A: Internal control system is defined as the general set of rules, policies, and procedures which are…

Q: c. Compare the dollar allocations with those obtained in Problem 6.7. Explain the differences.

A: a.         Here are the allocation rates:                     General Administration…

Q: Where is the answer for number 4 and 5 answe

A: The following types of Financial statements as follows under:- Balance Sheet. Income Statement.…

Q: please question d) e) and F)

A: in order to calculate Weighted average cost of capital it is important to know the cost of capital…

Q: Explain Matching concept and provide example.

A: In order to record revenue and expense for a company, it should consider the matching concept while…

Q: Good information should be: (i) Relevant (ii) Timely (iii) Accurate (iv) Motivating Which statement…

A: Information to the all the stakeholders should be provided to make informed decision making.

Q: Distinguish between vesting and non-vesting conditions.

A: Share-based payments: These payments agreements are the transactions in which a third party is…

Q: 1,525,394 is the wrong answer. what is the correct one?

A: The recovery of net working capital (NWC) refers to the return of funds initially tied to current…

Q: Explain- Agency cost.

A:

Q: What is the principle behind the Sharpe measure?

A: Shape Ratio: It is known as the Sharpe ratio, this indicator measures how well a financial portfolio…

Q: 3. What is availability? Give an example showing a violation of availability.

A: Following is a meaning of availability and its examples

Q: Over subscription and under subscription

A: Over subscription and under subscription are terms associated with the issue of shares of a company…

Q: The significance difference between U.S. GAAP and IFRS in regard of development cost that IFRS…

A: The development cost represents the future economic benefit under the IFRS as well as GAAP. Under…

Q: Enumerate and explain five (5) powers of the BIR.

A: BIR stands for Bureau of Internal Revenue which is compulsory through law to assess as well as…

Q: Explain four (4) factors that should be considered in using CAATs.

A: CAATs means Computer Assisted Auditing Techniques. These are the aided techniques in which task of…

Q: What are the origins of the Sharpe measure?

A: Shape Measure: In a dataset, measures of shape explain the distribution (or pattern) of the data in…

Q: i did ask for a certain question to be resolved question 2b

A: High low method is used to segregate the semi variable or mixed cost into two separate costs i.e.…

Q: Please answer section d) only

A: Degree of combined leverage (DCL) It is a leverage ratio that includes the combined effects, caused…

Q: Define OEM and EOM? Give three differences between them?

A: Original Equipment Manufacturer (OEM):An original equipment manufacturer is referred to as a company…