Accounting question and answers for August 07, 2023
- Q On May 31, 2021, Armstrong Company paid $3,500,000 to acquire Hall Corporation. Hall reported the following balance sheet at the time of the acquisition: Current assets $...
- Q how to calculate actual growth rate
- Q The alphabetical listing below includes all of the adjusted account balances of T.O.s Dance Studio as of December 31, 2015. All account balances are normal. ...
- Q 5. Explain what the name "the political cost hypothesis" relates to in the earnings management literature
- Q Devor Corporation issues 200, five-year, 10%, $1,000 bonds dated January 1, 2017, at 100 (100% of face value). Prepare the entry Devor would make to accrue interest on December...
- Q Plurah's Sweet Shops Apt 31 bank balance was $11.125. The company's cash balance at Aurut 31 was $10,785. Other information follows:...
- Q SOURCES up to Exercise 5-14 a A comparative statement of financial position for Novak Industries Inc. follows: py Study NOVAK INDUSTRIES INC. Statement of Financial Position...
- Q Walker Machine Tools has eight million shares of common stock outstanding. The current market price of Walker common stock is $52 per share rights-on. The company's...
- Q Week 6: Financial Statements Complete this assignment using the Excel workbook provided (add any necessary additional lines), and submit your work by the end of Week 6, 11:59pm EST. Now...
- Q Explain the roles of the six federal government departments that interact with the tourism sector.
- Q A cement manufacturer has supplied the following data: Tons of cement produced and sold 255,000 Sales revenue $959,000 Variable manufacturing expense $228,000 Fixed manufacturing expense $301,000 Variable selling and administrative...
- Q Please briefly discuss what is "budgetary slack" please briefly discuss what is "earnings management and possible ways to manage earnings Please briefly discuss what is off-balance sheet financing
- Q Calculate the weighted average cost per unit. You have the following information for Blossom Inc. for the month ended October 31, 2025. Blossom uses a periodic system for...
- Q Presidio, Incorporated, produces one model of mountain bike. Partial information for the company follows: Required: Complete Presidios cost data table. Calculate Presidios contribution margin ratio and its total contribution...
- Q Given the cost formula Y=$12,000+$6X, total cost at an activity level of 8,000 units would be
- Q Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set...
- Q Which overall type of accounting standard do you prefer; GAAP or IFRS, and why? Please write more than 3 paragraphs!
- Q CLICK HERE TO SAVE YOUR WORK Defence Electronics Inc. B Defence Electronics...
- Q part 2 payroll questions 1-4 Blue Incorporated purchased Yellow Company with a negotiated purchase price of $900,000 cash. Book values of acquired assets and liabilities were: Assets: Book...
- Q Sara sold 1,000 shares of IBM for $10,000 she also received land valued at $6,000 from the transaction. The basis of the IBM stock was $4,000. What is her gain/...
- Q The following balances were extracted from Billy Transport Services books on 31 August 2021. $ Office equipment 15,000 ...
- Q Accounts payableAccounts receivableInvestmentsCashCommon stockDividendsPrepaid insuranceInsurance expenseLandNotes payable (long term)Salaries expenseSales revenue$ 18,0004,00088,00019,00030,00016,00020,0008,00026,00055,00037,000115,000 Instructions Prepare an adjusted trial balance from the following account information, and also...
- Q Exercise 8-6 (Algo) Selling and Administrative Expense Budget [LO8-7] Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: The company's variable selling...
- Q Just need help for Question 1. The ending inventory is supposed to be $4396.37 and the ending average cost should be $3.77. How do I...
- Q The ACCURATE criteria list eight key characteristics of good quality information. As well as being authoritative and timely, good quality information should be O A unalterable O B. easy to...
- Q Calculate the following from the information provided below: 3.2.1 The total variable costs if 12 000 units are sold. (2 marks) 3.2.2 The number of units that must be sold...
- Q Research further into the following companies using the school research databases, such as Hoovers database, or the companys own website. Yum! Brands, Inc. Panera Bread Starbucks Using the current year,...
- Q Swift Traders Ltd is a resident of the Republic. It carries on business as a retailer from its head office in South Africa. It also operates a...
- Q Two grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in westem...
- Q (a) In the fourth quarter of 2017, we recorded an estimate of certain tax effects of the TCJA, including (i) the impact on deferred tax assets and liabilities from the...
- Q I am doing my essay on Tesla Evaluate the impact of new or recently changed regulations specific to the companys industry. Include the following details in your response: Provide a...
- Q At zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis at $25000. At 20000 direct labor hours,...
- Q current position analysis Current position analysis The following items are reported on a company's balance sheet: Determine (a) the current ratio and (b)...
- Q Si una empresa compra terrenos, pagando parte en efectivo y emitiendo un documento por pagar por el saldo, el asiento de diario para registrar esta transaccin incluir un dbito a...
- Q Required information [The following information applies to the questions displayed below] Delph Company uses job-order costing with a plantwide...
- Q Exercise 4-3 (Static) Compute ABC Product Costs [LO4-3] Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools...
- Q Journalize the following transactions for the month of September. Assume this is an accrual company. The company collected $4,200 of September receivable balance
- Q Gabe's Auto produces and sells an auto part for $30.00 per unit. In 2020, 100,000 parts were produced and 75,000 units were sold. Other information for the year includes: Direct...
- Q Unlike manual accounting, in QuickBooks, various items such as service, inventory parts, other charges, and discounts are used in the sales, purchase and end-of-period cycles. What are the advantages of...
- Q Asset Replacement An uninsured boat costing $94,000 was wrecked the first day it was used. It can be either sold as-is for $9,400 cash and replaced with a...
- Q A1 Corporation uses the indirect method to convert net income from an accrual to a cash basis. Indicate where, if at all, an inventory increase would be classified...
- Q The answer in the book is 417 A single MS engineer started a new job at $70,000 and paid $3000 in interest on her student...
- Q Required information Exercise 11.23 (Algo) Change in estimate; useful life and residual value of equipment [LO11-2, 11.5] the following information applies to the questions displayed below]...
- Q a. The compary has used Sonj of its supglies and sons of its insurance already empened, This tramaction have net recorded yet. 6....
- Q This question is already done in textbook. But the numbers in this problem are slightly different to textbook problem. So, I can't refer textbook solution. Problem 9-3A At December...
- Q Journalize the following transactions for Riley Corporation: Dec. 31 The accrued product warranty expense for the year is estimated to be 4% of sales. Sales for the year totaled $5,550,000....
- Q Problem 2 (4 points each = 16 points) Given the following Income statement for ABC company, answer the following questions. Show your work. Sales (10,000 units sold) Less...
- Q 1 1 1 [ ] (To record compensation expense attrrbutable to 2025 -20,000 options.) L (To record lapse of president's and...
- Q Required information [The following information applies to the questions displayed below.] Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $189,000...
- Q The Scottie Sweater Company produces sweaters under the Scottie label. The company buys raw wool and processes it into wool yarn from which the sweaters are...
- Q legislative, statutory, regulatory and industry requirements (for STP) that apply to my small Electric business to carry out its business. Include 5 examples. with descriptions
- Q Problem #2 In 2015, Webtel Corporation donated $50,000 to a qualifying charity. For the year, it reported taxable income of $310,000, which included the following: the $50,000 charitable contribution (before...
- Q Weinberg Canning produces fillet, smoked salmon, and salmon remnants in a single process. The same amount of disposal cost is incurred whether a product is sold at...
- Q Pharoah Electronics Inc. produces and sells two models of pocket calculators, Deluxe and Standard. The calculators sell for $7 and $5, respectively. Because of the intense competition Pharoah...
- Q Problem #3 In 2015, Datasoft Inc. received $350,000 in dividends from CSLabs Inc. Datasoft's taxable income before the dividends received deduction and $20,000 charitable contribution deduction is $300,000. What is...
- Q Sweet Companys outstanding stock consists of 1,200 shares of cumulative 4% preferred stock with a $100 par value and 11,200 shares of common stock with a $10 par value. During...
- Q The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, not intending to profit from short-term differences in...
- Q Under the allowance method, if a company writes off a customer account the net effect on the current assets is zero. true or false?
- Q Bobbi Clothing manufactures clothing Information about a production week is as follows: none of the above $200U (\$620/F $15.500U 5620U
- Q The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, intending to profit from short-term differences in price and...
- Q Glass Company makes glass orders based on the customer specifications, so the company uses job costing to track costs. ...
- Q What are the journal entries for the shrinkage in retail industries in manual accounting? Why are the different debit accounts used, depending on the companies?
- Q The gumdrop Trust was ceated by the will of Misty Gumdrop. It has three beneficiaries: Adam, Bella, and Craig. In 2022, the trust received net income of $22,000. It distributed...
- Q You take out an adjustable rate mortgage for $100,000 for 20 years. For the first 5 years, the rate is 4%. It then rises to 7% for the next 10...
- Q You have just been hired as a management trainee by Cosmos Sales Company, a nationwide distributor of a designer's S silk ties.The company has an exclusive franchise on...
- Q You have just been hired as a management trainee by Cosmos Sales Company, a nationwide distributor of a designer's silk ties. The company has an exclusive franchise...
- Q Which ONE of the following statements BEST describes investing activities? Activities related to a companys delivering or producing its goods for sale and providing its services ...
- Q Profits have been decreasing for several years at Pegasus Airlines. In an effort to improve the companys performance, the company is thinking about dropping several flights that appear to be...
- Q Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total sales were $145,000, its total variable expenses were $79,100, and its total fixed...
- Q 1/The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and...
- Q Revenues:Service Revenue28,000Total Revenue28,000Expenses:Salary Expense4,500Rent Expense1,200|Utility Expense300Depreciation Expense500Insurance Expense100Supply Expense4007,000Net Income21,000 Prepare for tax form 1120
- Q Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available. Product G $ 120 40...
- Q Zurich Corporation has 21,000 shares of $30 par common stock outstanding. On June 8, Zurich Corporation declared a 2% stock dividend to be issued August 12 to stockholders of record...
- Q Which item is NOT reported in the Deductions section on large 1 of Form 1065? Charitable contributions made by the partnership. Repairs and maintenance expenses paid by the partnership. Depreciation...
- Q uick Shop sells $10,000 of merchandise on July 5. The sales tax for all purchases of merchandise is 8%. What is the journal entry to record the sale and sales...
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