Some organization do not use an AP subsidiary ledger or a purchases journal. How is this possible? View Solution: Some organization do not use an AP subsidiary ledger or

Q: Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement...

A: Cash flow statement refers to the statement that gives the summary of all the cash outflows and infl...

Q: , first help her balance her monthly transactions by filling in the last column on the table below. ...

A: A personal or household budget is a summary that compares and tracks your income and expenses for a ...

Q: Info in images Answer Choices for Q1 a. $104,000 b. $33,600   c. $310,933   d. $137,600 Answer Choic...

A: Total fixed manufacturing overhead cost for Machining Department = $104,000 Variable manufacturing o...

Q: Shoecraft earns a 42% contribution margin as percent of selling price, What is Shoecraft's ANNUAL MA...

A: Step 1 Profit is the difference between sales and cost of sales of all the sales made by the entity ...

Q: Info in images Answer choices for Q1 a. $46,154 b. $29,970 c. $11,988 d. $41,958

A: "Since you have asked multiple questions, we will solve first question for you. If you want any spec...

Q: Lark City (a government entity) donates land that has a FMV of $800,000 and cash of $100,000 to Oran...

A: Corporation can be defined as the legal form of business entity, which is established for the motive...

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end...

A: Present Value:-It is the concept where it is analyzed that the value of the present investment is th...

Q: Partner A contributes cash of $70,000 for a 70% interest in capital and profits. Partner B contribut...

A: Partner A contributes cash = $70000 Partner B contributes asset = $20000 Share of capitals and profi...

Q: Newhard Company assigns overhead cost to jobs on the basis of 111% of direct labor cost. The job cos...

A: Particulars Amount ($) Direct Material 14084 Direct Labor 10600 OH Cost (111% of 10600) 11766 ...

Q: In a case where parties agreed on the conversion of the loan into shares in a partnership and yet th...

A: Partnership is a agreement between the partners to form and run the business in profitable way and a...

Q: Info in images

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: The balance in the Prepaid Insurance account before adjustment is $16,500 (assume normal balance). A...

A: Adjusting entries: Adjusting entries are those entries that are recorded at the end of the year, to ...

Q: You are an employee of a Canadian public corporation. On February 1, 2019 you received options to pu...

A: Part 1: The correct option is: D) increase in Net Income for Tax Purposes of $20,000; increase in T...

Q: Haft Construction Company has consistently applied the percentage-of-completion method. On January 1...

A: Contract costing is like job costing where costing constitutes a unit of cost. It is used to measure...

Q: You produce two products, Queen and King. Queen King Sales price per unit $800 $1,200 Variable cost ...

A: Contribution margin: It is the surplus achieved by a business after meeting all the variable costs f...

Q: The correct percentage to use to calculate the depreciation allowance for a MACRS 3-year property fo...

A: Depreciation: It refers to a gradual decrease in the fixed asset’s value because of obsolescence, we...

Q: A manufacturing process consists of four stages. There are inventories of raw material, work in prog...

A: The manufacturing process may include stages of production needed to convert raw material inventory ...

Q: Accounting Question

A: Inhabitants means the resident or citizen of the company or who are qualified to be the citizen of t...

Q: I am halfway getting this almost lol.  I need to present a table of information and see how this ans...

A: Margin of safety means the difference between the budget sales and breakeven sales. It means the amo...

Q: Why does the Accounting system used for financial statement preparation not always provide the infor...

A: Decision making is supported by financial accounting. For decision making in the organization, howev...

Q: The company obtained a loan from bank amounting to P7,500,000 on November 1, 2020. On the same date,...

A: Accrued Interest Expenses:-These are those expenses that have been incurred but yet not paid. These ...

Q: Explain whether a subsidiary needs to prepare accounts to the same date as the parent company.

A: A parent and a subsidiary company is different from each other and may be following different accoun...

Q: Data related to the acquisition of timber rights and intangible assets during the current year ended...

A: Journal is a place where journal entries are recorded in the book keeping system before ledger accou...

Q: Based on a physical inventory at year-end, Cherry Company determined the chocolate inventory on a FI...

A: As per the generally accepted accounting principle, the inventory is valued at lower of cost of mark...

Q: (1), computing a partner Ordinary income fror Non-deductible fine Distribution of cash Separately st...

A: Partnership according to section 3 (1) of the partnership act 1961 is known as the relation between ...

Q: How do you calcuate the Lower-of-Cost-or-Market ?    Problem : If cost is $13       Replacement cost...

A: Answer and calculations are given below

Q: How much of FTB?

A: Answer:

Q: Which statement about Revenue Cycle is correct? The customer and accounts payable department gets co...

A: The revenue cycle begins with providing a product or service and ends when the invoice is paid in fu...

Q: A taxpayer with $3,000 in unreimbursed employee expenses and an AGI of $50,000 will have what deduct...

A: Unreimbursed Employee Expenses:-These are those expenses for which employers do not pay back or prov...

Q: If beginning raw materials inventory was $16,198; raw materials purchases were $37,965; raw material...

A: Raw material used = Beginning raw material inventory + Raw material purchases - Ending raw material ...

Q: At the beginning of April, Haron Kadir launched a custom computer solutions company called Softworks...

A: Trial balance is the record of all the balances of all the ledgers accounts with the final debit and...

Q: Under the Fair Labor Standards​ Act, for any hours that an employee works over 40 during a work​ wee...

A:

Q: Solve this

A: Net present value  is the difference between the present value of cash inflows and the present value...

Q: In the revenue cycle (for sales on credit), a customer places an order for a certain product. Which ...

A: Every time an order is received by an organisation, there is whole set of process that needs to be f...

Q: In considering a capacity expansion we have two alternatives. The first alternative is expected to c...

A: Net present value: It can be defined as a difference between the PV of all cash inflows and outflows...

Q: A. What document is used to create the Sales Order in the Revenue Cycle and where does itcome from?B...

A: Answer a: Sales order is created by using a document formed by SAP.  

Q: Stephanie Calamba and Allan Brillantes decided to form a partnership. They agreed that Calamba will ...

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...

Q: During the month of January 2020, the job-cost record for Job 123 shows the following:       Jo...

A: Job costing is a method of costing where production is done in distinguishable lots according to cus...

Q: Indicate which principles are violated: A food company ordered a machine needed in the assembly lin...

A: While making the accounting entries in the books, the accounting principles must be kept in mind and...

Q: Cash Flows from Operating Activities-Indirect Method The income statement disclosed the following it...

A: Cash Flow Statement The liquidity of the company is analyzed using a statement called the cash flow ...

Q: Q.01: While studying accounting, you become increasingly familiar with a variety of generally accept...

A: Answer   

Q: Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Each journal requires assembl...

A: Total hours required = Budgeted production x Minutes required for production of per journal / 60 min...

Q: The clock division of Control Central Corporation manufactures clocks and then sells them to custome...

A: Transfer pricing can be defined as the setting of the price for goods and services sold between lega...

Q: Inventory Costing Methods Oppenheimer Inc. reported the following information for the month of Augus...

A: FIFO, LIFO and weighted average are methods used by cost accountants to determine the value of inven...

Q: Luciana, Jon, and Clyde incorporate their respective businesses and form Starling Corporation. On Ma...

A: The Internal Revenue Code (IRC) refers to Title 26 of the U.S. Code, the official "consolidation and...

Q: On January 2, 20x2. Topsail purchased 50, $1,000 bonds issued by Charlie Company. The bonds pay inte...

A: A journal entry is the recording of financial transactions in books of the business entity. It shoul...

Q: 1. why the discount payable note is $9450? I thought discount payable note value is between notes pa...

A: The discount of note payable is the difference in the value of the tractor and consideration paid.

Q: A calendar quarter consists​ of:   A. 12 weeks.   B. 13 weeks.   C. 4 months.   D. ...

A: The operations of the business generally happen within twelve months or a year of the operating cycl...

Q: California income tax laws are generally in conformity with the Internal Revenue Code except... O Wh...

A: Individuals who are residents of California are liable for the personal income tax defines the Calif...

Q: Below is the Stockholders' Equity data of Good Place Stockholders' Equity Share Capital Paid – In Ca...

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If y...