Accounting question and answers for August 06, 2023
- Q Imagine that you are the cost accounting manager and the director of your present or past organization. Management wants your opinion on whether the company should manufacture a new electric...
- Q You are an accounts payable clerk for a small manufacturer that creates designer flowerpots. 1. Would you enter accounting transactions? 2. If so, what accounting entries would you make?...
- Q On October 1, 2017, John Oak a sole-proprietor, purchased a machine for 20000 to use in his business this was the only purchase he made fir the year. on December...
- Q Why is it important that users of financial information perceive auditors to be independent?
- Q After reviewing the WBS, SOW, and Project Schedule Create a budget for animal land: Work Breakdown Structure (WBS) Scope of Work (SOW) 1. Animal exhibits will include giraffes, elephants,...
- Q tate company purchased $60,000 equipment on november 1, 2014, and in exchange signed a 3-month 9% note payable due on feburary 1 2015 the december 31 2014 adjusting entry is
- Q can you please prepare on Excel spreadsheet. Scanned with CamScanner Q-2. Assume the following information for the G. Long Company (all estimated figures. Factory of $425,000 Units of...
- Q Haack Incorporated is a merchandising company. Last month the company's cost of goods sold was $69,400. The company's beginning merchandise inventory was $11,600 and its ending merchandise inventory was $29,400....
- Q uniform capitalization of indirect inventory costs is required for most very large taxpayers, true or false.
- Q 6 395 000 4 419 000 6000 8 000 22 000 100 000 36 000 54 000 932 000 58 000 7000...
- Q Gabriella purchased a house for $85,000 in 2007. On May 5, 2019, she made a gift of the house to her cousin, Marcel. At the time of the transfer, it...
- Q question 1. Quince Corporation has taxable income of $300,000 for its calendar tax year. Calculate the corporation's income tax liability for 2022 before tax credits. question 2. For...
- Q 2) M/s. XYZ & Co. dirige una cafetera. Renovaron. algunas de las antiguas cabaas. Porque esta renovacin se liber un poco de espacio y se aument el nmero de cabaas...
- Q no idea
- Q Nieman Inc., a local retailer, has provided the following data for the month of March: The cost of goods sold for March
- Q The Roof Top Bistro achieved an ADR and a UVC of $95.00 and $35.00 respectively in this month. Imagine that the building rent is about to expire and the new...
- Q The Cash Over and Short account: A) Is not necessary in a computerized accounting system. B) Is used when the cash account reports a credit balance. C) Can never...
- Q Calculate Bridgets minimum net income for tax purposes in accordance with the ordering provisions found in section 3 of the Income Tax Act, and her minimum taxable...
- Q Morrisey & Brown, Ltd., of Sydney is a merchandising company that is the sole distributor of a product that is increasing in popularity among Australian consumers. The companys income statements...
- Q A mixed cost function has a constant component of $20,000. If the total cost is $60,000 and the independent variable has the value 200, what is the value of the...
- Q Capital budgeting decisions usually involve analysis primarily of which of the following: Group of answer choices Operating expenses only Investment opportunities that are long-term in nature. Cash inflows only Investment...
- Q Which of the following is NOT used for inventory valuation? a.Matching principle b.Weighted average c.First-in-first-out d.Last-in-first-out e.Specific identification
- Q Explain how activity-based costing is superior to traditional costing and how does management know if they should use it - maximum of 200 words
- Q Think about the types of inventory systems used in business? Now that you selected the inventory, briefly describe a business you would like to own or run, and choose...
- Q Mancturing Company uses a job order system. and the coropriate accounts) to be increased and decreased for the transactions listed below. Do not...
- Q Choosing between Purchase Alternatives Foot Loose, Inc., needs to purchase a new shoelace-making machine. Machines Ready has agreed to sell Foot Loose the machine for $22,000 down and four payments...
- Q Smith Company distributes a $3,000 cash dividend to the stockholders. What is the effect on the accounting equation
- Q JJ Johnson has decided to supplement his income by selling beehives. He expects to sell 25,000 hives in 2014. He ended 2013 with 2,500 completed hives in inventory and would...
- Q OD 100.000 OG OAB,000 , ( ...
- Q At the end of this period, Conch Plebian, Inc. debited $5,100,000 to WIP to record direct labor cost during the period. The firm also debited Direct Labor Price Variance for...
- Q Los sueldos y salarios brutos de Redmont Company son de $14,000 y retiene $2,100 por impuestos sobre la renta y $1,071 por impuestos FICA, el asiento de diario para registrar...
- Q How should companies be reporting stock options? From the perspective of a manager at the corporation and from the perspective of a stockholder of the company. Which perspective do you...
- Q Which one of the following tasks would not be performed by a management accountant? O preparing reports primarily for external users O assisting in budget planning being concerned...
- Q Draw up an income statement and balance sheet for this company for 2011 and 2012. 2011 2012 Sales ...
- Q . On the IRS website review Form 1040 for individuals and associated schedules (Schedule A, B, C, and E). Compare and contrast individual (1040) and corporate (1120) tax forms. Identify...
- Q Hickory Company manufactures two products15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing...
- Q As a general rule-of-thumb, how much of Toms $150,000 annual income is used to maintain his family? 1. $45,000 2. $75000 3. $100,000 4. $125000
- Q Task 1 GST Registration (for Australia) Required: a)List the annual GST registration turnover threshold levels applicable to businesses/enterprises. General businesses Not for profits Taxi drivers b)Advise...
- Q Human Resource Management plays a crucial role in multinational enterprises, where a great diversity of people work together at multiple locations and where people frequently have to move between locations....
- Q An individual contributes property with a basis of $15000, and fair market value of $20000 to a corporation in return for 80% of the corporation's stock. The individual's stock basis...
- Q Managers use sales variances for: Multiple Choice Planning purposes only. Budgeting purposes only. Control purposes only. Planning and control purposes....
- Q Would you purchase Canada Goose Inc. stocks why or why not? can you please add sources from which you have taken the infromation
- Q Your process waits until you receive a response from your customers. What kind of flow object would you use to show this?
- Q The Alabama Company owns 30% of the Georgia Company and correctly accounts for its investment under the equity method. At the beginning of 2020 Alabama Company showed its investment in...
- Q The cost of goods manufactured of a company is $850,000. The beginning and ending finished goods inventory are $360,000 and 250,000, respectively. Determine the cost of goods sold.
- Q Show a detailed journalizing of the following transactions: Galle Inc. entered into the following transactions during January; Jan 1-Borrowed $50,000 from First Street Bank by signing a note...
- Q On December 31, the capital balances and profit and loss ratios in Pharoah Company are as follows: (a) Your answer is correct
- Q Jan 1. The salon rented a place that cost 12,000 annually to start the business. The full payment due in Dec. 31, 2020. How will be recording the transaction?...
- Q The journal entry to issue a promissory note for a company lending $9,000 for one year at an annual interest rate of 13% would be
- Q Identify the processing controls associated with a computerized system and identify the types of tests to be performed. (2) Identify the issues an e-commerce system presents for an auditor
- Q Max retired in 2017 at age 62. During the year he received distributions of $9,000 from his IRA. He made nondeductible contributions of $20,000 to the IRA in prior years...
- Q STATEMENT OF CASH FLOWS W.C. Cycling had $60,000 in cash at year-end 2013 and $35,000 in cash at year-end 2014. The firm invested in property, plant, and equipment totaling $255,000....
- Q ____ manufacturing philosophy emphasizes quality and zero defects. a. Lean b. Traditional c. Chinese d. Zero-Based
- Q Material AG-5 KL-2 CW-7 DF-6 BH-3 Pounds in Inventory 23,000 5,000 7,000 5,600 5, 400 Actual Price per Pound When Purchased $ 0.73 $ 0.38 $1.30 $ 0.41...
- Q The company controller, Barry Melrose, has asked for your help in interpreting the authoritative accounting literature that addresses the recognition and measurement of impairment losses for property, plant,...
- Q Venkat is age 32, single, and reported AGI of $67,000 in tax year 2017. He is an active participant in his employer's pension plan. What is the maximum deductible IRA...
- Q Which of the following methods of allocating costs use market-based data? Sales value at split-off method Estimated net realizable value method...
- Q January 1, 2019 ABEF company issued 5-year bonds with a par value of $1,000,000 and a 6% annual stated rate of interest. The issue price of the bond was $950,000....
- Q In 2018, Amy receives $8,000 (of which $3,000 is earnings) from a qualified tuition program. She does not use the funds to pay for tuition or other qualified higher...
- Q Un corredor que cobra o cobra una tarifa por adelantado en exceso de $25 por los servicios prestados DEBE: a) deducir el importe cobrado de la comisin...
- Q 36 Total assets, total liabilities, and total stockholders' equity do not change as a result of a stock dividend. True or False True False
- Q 1. Calculate the value of the cash flows at time 6. The interest rate is 10.04%. 0 1 2 $1,055 $2,408 $3,350 ...
- Q A mixed cost function has a constant component of $20,000. If the total cost is $60,000 and the independent variable has the value 200, what is the value of the...
- Q Clark, a widower, maintains a household for himself and his two dependent preschool children. For the year ended December 31, 2020, Clark earned a salary of $32,000. He paid $3,600...
- Q an individuals gross income is $86,375, they take the standard deduction if $12,000. If they claim bo additional deductions/credits and paid $12,302 in federal income taxes, (1) what was their...
- Q Hua Xin Services offered an incentive stock option plan to its employees. On January 1, 2024, options were granted for 63,000 $1 par common shares. The exercise price equals the...
- Q Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called...
- Q Need it ASAP PLEASE Two months ago, Dawes Incorporated broke a mult-year lease on office space that it had occupied for four years. Three years...
- Q Record the appropriate journal entry to update Sambas books. Samba corporation operates in an industry with a high collectability issues. Recently, one of Sambas customer wrote a check...
- Q I need the answer as soon as possible Target cost is computed by determining the appropriate selling price and subtracting desired profit. True or False
- Q first picture is information needed for second picture! acquisition-date fair values. On the date of acquisition, Son reported the following: GashInventoryPlantAsseta(net)PropertyTotalAssets$350,000100,000320,000$1,270,000500,000 Corront Ilabulitios Commen...
- Q 15. Which is likely to make the process of tax research more advantageous to the taxpayer? a. Open facts b. Closed facts c. Calling the IRS whistleblower hotline d. Ignoring...
- Q On November 1, received $6,000 ($300 per hour X 20 hours) in retainers from a client for future legal services. As of November 30, only 5 hours of the services...
- Q One of Sherwin's independent contractors neglects to provide Sherwin with the appropriate TIN. Accordingly, Sherwin must take backup withholding out of the payments of $42,351 to the contractor of: a.$9,317.22...
- Q FinTon Inn is having hard time catching up with the breakeven points due to low season. During the last month, the management was able to sell 672 less rooms than...
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!