Accounting question and answers for August 08, 2023
- Q QUESTION 2 Zambeef Plc is listed on the Lusaka Securities Exchange and has a dispersed shareholding. The Company has not paid a dividend for past five (5) years and therefore,...
- Q A utility bill is received for expenses incurred. It will be paid in the following accounting period. Which of the following would be TRUE as a result of the receipt...
- Q Please answer all parts thank you! Alpha and Beta are divisions within the same company. The managers of both divisions are evaluated based on their own division's return on...
- Q Khaled and Omar are partners that share profits with a capital ratio of 40% and 60%. Approval of joining families as a partner has paid the amount of 150,000 dinars...
- Q NACUBO organization. Describe in your own words the reason this organization exists, what impact it has on college and university financial reporting, and the authority it has over standard setting...
- Q During the current year, Chudrick Corporation expects to produce 11,000 units and has budgeted the following: net income $220,000, variable costs $1,000,000, and fixed costs $100,000. It has invested assets...
- Q For the calendar year 2019, Palmer Inc. had the following items that affected the accounts receivable account: $6,500,000 of credit sales, $250,000 in write-offs, and $5,000 of recoveries. The beginning...
- Q Required: Required: un fecords of Canada Pertners on 30 June 2021
- Q Hi i have a kind of weird situation... my professor assigned review questions along with the answers and i was wondering if you could explain how he got each answer....
- Q The following diagram represents the ownership of issued share capital of the companies in a group. What is the ownership interest of A Ltd in D Ltd? ...
- Q examples of capital expenditure
- Q Grouper Corp.s unadjusted trial balance at December 1,2022 , is presented below. Accumulated Depreciation-fhaldings Accumulated Depreciation-Equipment Accounts...
- Q Miley, a single taxpayer, plans on reporting $31,625 of taxable income this year (all of her income is from a part-time job). She is considering applying for a...
- Q Un activo est deteriorado cuando el valor en libros del activo es Seleccione uno: a. Mayor que la suma de los flujos de efectivo esperados descontados. b....
- Q Discuss an inventory management system and provide a general description of the system. what are the advantages and disadvantages of this system.
- Q 12. During June, cash sales totaled $856,000, which includes 7% sales tax. How much is the sales tax that must be remitted to the state? Place your final response first;...
- Q The following selected transactions were taken from the books of Ripley Company for 2016: 1. On February 1,...
- Q The items contained in the Retained Earnings section of a balance sheet are often complex and confusing. Suggest an improvement for the reporting on this information that will help the...
- Q You have four children, and you and your spouse want to maximize the amount you can give to each child each year before you have to pay the gift tax....
- Q Plug Products owns 80 percent of the stock of Spark Fiter Company, which it acquired at underlying...
- Q Explain what is public interest and how does it relate to the auditors code of ethics? explain briefly please
- Q Please detail the equation used to find AOCI-Translation adjustment for Dec 31,20x7 Bentley Company owns a subsidiary in India whose balance sheets in rupees (R)...
- Q At year end (December 31. Chan Company estimates its bad debts as 0 50% of...
- Q When calculating the APR, major assumptions include all of the following except: Group of answer choices Costs paid to banks are included in the calculations The loan is...
- Q Which of the following is not a requirement for the owner of corporate stock who sells to an ESOP to qualify for the nonrecognition of gain treatment? ...
- Q Vijay Inc. purchased a three-acre tract of land for a building site for $350,000. On the land was a building with an appralsed value of $122,000. The company...
- Q Kabir wants to accumulate $118,000 in 4 years. To reach his goal, he plans on making equal semiannual deposits into an investment account that earns 6% annually. How much must...
- Q A revenue agent determined that Ms. Owen underpaid her tax by $48,900 and concluded that $10,000 was caused by her inadequate record keeping while the remainder was caused by her...
- Q If the assets owned by a business total $100,000 and liabilities total$50,000, owners equity totals $150,000True or false
- Q Entries Related to Uncollectible Accounts The following transactions were completed by The Wild Trout Gallery during the current fiscal year ended December 31: Jan. 19 Reinstated the...
- Q Know how to prepare adjusting journal entries including prepaid insurance, depreciation. Prepaid insurance: on October 1,2016 we paid $1200 to prepay our insurance for 6 months a...
- Q This is the question that is being asked: According to the Presentation, what was the impact on cash flow of the new lease accounting standard AASB 16? Why? this is...
- Q A company is retiring 20-year bonds that have now reached maturity. The bonds will be retired with cash equal to their face value. What effect will the retirement of the...
- Q 11. Father of principles of management. A. O Mary Parkett B. O Lillian Gilberth C. Henry Fayol D. Elton Mayo
- Q Sizzle Company uses a standard cost system to collect costs related to the production of its "No-Stick" lawn chairs. The direct material for the chairs is teflon. Sizzle uses a...
- Q Compare the accounting profession in Japan including professional conduct rules Identify how the accounting standard are set in that country Identify two financial reporting standards that differ from those of...
- Q The Golden Braid Bookstore has a quick ratio (Acid Test) of 4.75:1, $40,000 in accounts receivable, and liabilities totaling $80,000. How much cash do they have?
- Q 10. The most popular management think of modern times is. A. O Mary Parkett B. O Lillian Gilberth C. O Peter Drucker D. Elton Mayo
- Q Record the transactions in the journal of Smarty Recliner Chairs. Explanations are not required. (Round to the nearest dollar.) Jul. 1: Sold inventory to StandMart, receiving a $35,000, nine-month, 16%...
- Q 8. El importe por el que se reconoce un activo, un pasivo o un patrimonio en el estado de situacin financiera se denomina Seleccione uno: a. Cantidad monetaria b....
- Q 14. Espirit de corps means A. O union is strength B. O service is our motto C. O buyer beware D. O product is our strength
- Q How to record the amount of federal income taxes withheld form employees gross pay?
- Q 8. If an investor is attempting to buy a stock that is very volatile, it would be best to use A. O market order B. O limit order...
- Q Incentive Corporation has $45,000 in the companys bank account. At year-end, the accounts reflected a profit of $100. What is the maximum amount of cash dividends the company can declare...
- Q What is Just In Time purchasing ? What are the implications with regard to inventory? Compare FIFO and LILO. What is the most efficient
- Q Los costos de materiales directos son los costos de adquisicin de todos los materiales que eventualmente se convierten en parte del objeto de costo y no pueden rastrearse hasta el...
- Q INFORMATION P. Nkosi is employed by Morkel Enterprises. The normal working week is 45 hours. P. Nkosi worked for 49 hours during the last working week of March 2023. She...
- Q Water World is considering purchasing a water park in Atlanta, Georgia, for $1,800,000. The new facility will generate annual net cash inflows of $462,000 for eight years. Engineers...
- Q La regla general aqu es que el inters estipulado en el acuerdo generalmente sustituye a la multa. Si las partes estn de acuerdo, se deben pagar los intereses estipulados y...
- Q 2. True or False- There is really only one ethical system.
- Q INFORMATION Dynamo Ltd manufactures calculators. The following information was extracted from the budget for the year ended 31 December 2023
- Q 10-57 Budgets for a Service Firm Triple-F Health Club (Family, Fitness, and Fun) is a not-for-profit family-oriented health club. The club's board of directors is developing plans to...
- Q Grainger: Reengineering the China/U.S. Supply Chain W. W. Grainger, Inc., is a leading supplier of maintenance, repair, and operating (MRO) products to businesses and institutions in the United...
- Q Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $630,000. ...
- Q Assume that a deposit made on January 1, 2017, earns 8% interest. The deposit plus interest accumulated to $20,000 on January 1, 2022. How much was invested on January 1,...
- Q 7. Which of the following credits is neither a refundable tax credit nor a credit that can be carried forward? I. Child tax credit II. Child and dependent care credit...
- Q 4. Currie Company borrowed $20,000 from the Sierra Bank by issuing a 11% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount...
- Q Questions 30.000 ha 106 model to www. with for the IND . Questions 30.000 ha 106 model to www. with for the IND
- Q A six column table for JFK Company follow. The first two columns contain the unadjusted trial balance for the company as of July 31,2011. The last two columns contain adjusted...
- Q Problem 3 (6 points) The Carolina House Restaurant borrowed $30,000 at 14% from a bank for three months on December 1, 20X3. Required: Prepare...
- Q 1. Define the terms deferred tax items, deferred tax assets, and deferred tax liabilities
- Q Why does GAAP require companies to record estimated sales returns to be made in the subsequent period, if material? What entry is made to do this?
- Q Solve the follwing problem. On July 1, Year 1, Danzer Industries Inc. issued $43,200,000 of 10-year, 9% bonds at a market (effective) interest rate of 10%, receiving cash of $40,508,184....
- Q How is the following solved? CONSOLIDATED STATEMENT OF COMPREHENSIVE GAINS AND LOSSES (EUR milions) 2013 2015 4,001 2014 6,105 Net profit...
- Q can you please answer number 6 to 13 using spreadsheet....
- Q Santana Rey expects sales of Business Solutions's line of computer workstation furniture to equal 300 workstations (at a sales price of $3,300...
- Q 14. Define: a. Record counts b. Limit test c. Validity test d. Hash totals 15. Discuss the advantages to a CPAs documenting internal control using: (1) An internal control questionnaire...
- Q A comparative balance sheet for Concord Corporation is presented as follows. \table[[December 31,],[Assets,2025,2024],[Cash,$72,730,$22,000
- Q Production Errors Attached Files 13 Tshirt Production Data Flexx (12126 KB) Established in 2000 tshirts com has rapidly become the place...
- Q Each of the following items can considered a component of other comprehensive income (OCI) except: Multiple Choice a.Certain defined benefit pension items b.foreign currency translation adjustments c.recording of goodwill d.Unrealized...
- Q 13. Quanti Co., a calendar-year taxpayer, purchased small tools for $5,000 on December 21, 20X14, representing the companys only purchase of tangible personal property that took place during 20X14. On...
- Q 13. Management and administration are. A. O same B. O different C. O partly same and partly different D. O same and different
- Q What are the benefits of Quarterly Tax Payment Services (select all that apply): Includes three additional touchpoints throughout the year. Provides clients an opportunity to review income and...
- Q Exercise 6-39(Algo) Predetermined Overhead Rates (LO 6-2) Redfern Audio produces audio equipment including headphones. At the Campus Facility, it produces two wireless models, Standard and Enhanced, which...
- Q help with part 2 please Part 2 Assume the same facts as in part 1 for Carl and Renee Simpson except...
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