What is the course of action (s) can be used to prevent fraudulent financial reporting in stock market listing to ensure that such scandal will not arise

Q: 51. ABC Company is in a capital deficiency position and is considering the possibility of liquidati...

A:   *Liabilities with priority will always be paid 100% of their amount *Only unsecured portion from p...

Q: How much is the estimated payment to liabilities with priority?

A: The determination of estimated payment to Liabilities with priority is shown hereunder : The liabili...

Q: transactions (VAT exclusive) for the quarter ending September 30, 2021. How much is the allowed inp...

A:   Assumption:- VAT on purchase of Plastic Bottle -12%, amount provided is purchase is Exclusive of V...

Q: R w/ Question 2- Ch 5B Assign - Cc X b Answered: Record journal entri x ezto.mheducation.com/ext/map...

A: 1. FIFO Method - Under FIFO Method, Inventory purchased first is sold first.

Q: The following are excluded from gross income, except:  a. Proceeds of life insurance policy received...

A: Gross Income Gross income refers to the income of an individual which comprises income from wages an...

Q: Inflation AdjustmentsThe Rodriguez Company is considering an average-risk investment in amineral wat...

A: Net Present Value=(Present Value of Cash Inflows-Present Value of Cash Outflows)

Q: Cedar Valley is a national restoration contractor licensed in roofing, siding, gutters and windows. ...

A: 2. Allowance Method - Under allowance method company make provision of uncollectible accounts at the...

Q: orp.’s accounts receivable subsidiary ledger shows the following information: Customer Account Bal...

A:     Customer Account Balance (31 Dec, 22) Sales- Date Amount Sale-Date Amount Pray Inc. P   ...

Q: Require (a): Your business issued a 14%, $300,000, one-year, note payable on April 1, 20x1. Both the...

A: Formula: Interest Amount = Notes amount x Interest rate x Time period

Q: The Product: The Company’s only product is soft cookies, of which it makes over 50 varieties.  Larg...

A: The company's goal is to provide a pristine, no-preservation product while employing all cost-effect...

Q: The following accounts are taken from a balance sheet. 1. Cash 2. Retained earnings 3. Equipment 4. ...

A: Balance sheet forms a part of financial statements of the entity and is includes the details regardi...

Q: the board of directors authorizes a $1,000,000 restriction of retained earnings for a future plant e...

A: Solution Concept The restricted retained earnings means that the amount of retained earnings has bee...

Q: At beginning of July 2021. Idah & Faith (IF) Co had 25 microwave ovens in inventory costing of

A:                      FIFO is first in first out method of inventory valuation.  In this method the o...

Q: In which order are partnership assets distributed to the partners? Capital balances, loans, profits ...

A: ln case of partnership there is agreement between the partners. they bring capital for operations an...

Q: On February 28, 2022, Aris and Yang formed a partnership. The partners agreed to invest equal amount...

A: Partnership- A partnership is a type of business that is formed by the mutual consent of several peo...

Q: AA and BB are partners with capital accounts that had the following transactions during 2022:   AA...

A: Interest on capital to AA: = Opening Capital x 9% = P270,000 x 9% = P24,300

Q: Salaries and wages expense 190 Travel expense 77 Total $8703 $8703 Net income for the year is: $688....

A: Calculation of net income are as follows

Q: The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on Ma...

A: T-Account Purpose of preparing the T-Account is to know the actual balance which are involved at the...

Q: Require (a): Your business issued a 14%, $300,000, one-year, note payable on April 1, 20x1. Both the...

A: Journal entries are the backbone of financial accounting and book keeping and are the primary entrie...

Q: Everlast Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentag...

A: Since you have specifically asked for part c and d, so we have answered the same for you.

Q: dividends subject to regular tax in the philippines includes  a. dividends received from foreign so...

A: Dividends received by a domestic corporation or a foreign corporation from another domestic corporat...

Q: Which of the following recent tax changes is not scheduled to expire after 2025?a. Suspension of per...

A: Answer: There is various tax changes made. a. Suspension of personal exemptions This is scheduled ...

Q: 28. On February 14, AA and BB formed a partnership and contributed the following assets at historic...

A: Partnership means where two or more person comes together to do some common business activity and ea...

Q: Required: 1. Distribute the departmental costs to the college's three divisions based on the allocat...

A: Calculation of Allocation base     Budgeted Enrolment Budget Credit Hours Planned Course Requirin...

Q: im Young, M.D., keeps his accounting records on the cash basis. During 2021, Dr. Young collected P46...

A:   Calculation of Dr. Young's patient service revenue for 2021 (accrual basis) Cash Collecte...

Q: The business type of this company is food services industry. Give me an interpretation for  1. Age...

A: Lets understand the ratios. Age of inventory ratio indicates the days it takes to sell the inventory...

Q: kindly read my question clearly this time and give me the answers for my specific question instead o...

A: JF termed as Journal entries which is basic as well as original book of accounts prepared by the com...

Q: Dorothie paid the following amounts during the current year: Interest on her home mortgage (pre-12/1...

A: As specified in the question only Ans of part (c) is solved below. The interest deductions for part ...

Q: Total Work in Work in Cost of Manufacturing Process Process Goods Costs (1/1) (12/31) Manufactured $...

A: Calculation of missing figure are as follows

Q: On January 2, 2020, the Statement of Financial Position of Arden Company and Wonder Company immediat...

A: Calculate Identifiable Net Assets of Wonder Co.:      Amount (P)   Fair value of assets:     ...

Q: During the year, Far-Out Furniture, a manufacturer of dormitory furniture, purchased the following a...

A: Depreciation is the amount by which the fixed asset value decreases throughout its useful life. It i...

Q: Carlo is the best karate student of the Japan Karate Association in the Philippines. In one prestigi...

A: All prizes and awards granted to athletes in local and international sports tournaments and competit...

Q: noni and nino are partners who share profit or loss in the ration of 6:4 they have capital balance o...

A: Let's understand the basics A partnership is an arrangement between two or more people to oversee bu...

Q: On February 14, AA and BB formed a partnership and contributed the following assets at historical co...

A: Calculation of Capital Contributed by Partner BB Capital Contribution by BB = P 200,000 + P 80,000 +...

Q: 1. An insurance policy covering 12 months was purchased on October 1, 2024, for $21,600. The entire ...

A: 1.Insurance expense for 3 months - Oct 2024 - dec 2024 - 21,600 x 3/12 = 5400 - Income decreases by ...

Q: Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts. The ...

A: Here asked about multi sub part question we will solve first three sub part question for you.  If yo...

Q: ABC Construction Company began work on a contract in 2022 and completed the contract in 2023. The to...

A: In construction project revenue shall be recognized on the basis of precentage of work compelete.

Q: use the Tool Tab in Checkpoint to answer the following questions: a. What is the 1040 Tax Tool under...

A: 1040  Tax Tool  is the tool which helps the tax payer in calculating their tax liability, tax Refund...

Q: Assume X Corp creates a subsidiary, Y Corp, and invests $500,000 cash in exchange for all of the $1 ...

A: Given that X Corp has created a subsidiary and has invested $500,000 cash in exchange for the common...

Q: (b) Brash Co had 100,000 shares in issue, but then makes a 1 for 5 rights issue on October 1, 2002 a...

A:   1)Value of Brash Co. shares just prior to right issue = 100000 x $1.60= $160000 Cash raised from r...

Q: On July 1, 2022, Sandhill Co. pays $23,000 to Blossom Company for a 1-year insurance contract. Both ...

A: In the books of sandbill company

Q: AA Company had the following items in its "Cash equivalents" account as of December Money market fun...

A: Cash equivalents: Cash equivalents are the highly liquid short-term investments securities with a ma...

Q: Adams Corporation is considering four averagerisk projects with the following costs and rates of ret...

A: Here given the details of the calculation of weighted average cost of capital which can determine th...

Q: When a partner withdraws assets from a partnership that is considered as a permanent withdrawal, it ...

A: Partnership is one of the form of business organisation under which two or more than two persons wil...

Q: Assessing the risk of fraud in a financial statement audit is a difficult audit judgment.  Auditing ...

A: The answer for above question are as follows.

Q: PLEASE ANSWER THIS QUESTION ASAP. THANK YOU SO MUCH. In connection with your audit of the financial...

A: Solution Audit is ana official examination of the present state of something , especially of a compa...

Q: Jasola Company uses direct method in allocating service department costs to producing Exercise 5-11 ...

A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated base a...

Q: If Jim is a real estate professional:                                  2014 ___________    2015   ...

A: Jim- Purchase           Purchase of real estate property in 2014       Net in Loss in 2014 -...

Q: Statement I: All Partnerships are taxable entities. Statement II: Only individuals are allowed to be...

A: In the given case both the statements are False ....

Q: Give me an analyzation or interpretation for Raw Material Turnover ratio of 353.18

A: Solution Concept Mathematically Raw material turnover   =cost of material used / average Raw materia...