Accounting question and answers for August 17, 2023
- Q The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31,20Y8 and 20Y7, is as follows: Additional dita obtained...
- Q Describe the function of a journal in Accounting
- Q If Total Liabilities are $2,600 and Total Equity is $2,900 then what is the value of Total Assets?
- Q Blossom Street inc makes unfinished bookcases that it sells for $59. Production costs are $38 variable and $10 foxed. Because it has unused capacity,...
- Q Explain what an external audit is
- Q Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 10% and the weighted average...
- Q On January 1, 2018, the general ledger of ACME Fireworks includes the following account balances: Accounts Debit Credit Cash $...
- Q Which of the following statements is true? a) Using either direct labor hours or direct labor costs to calculate a plantwide overhead rate will generally ensure that direct labor costs...
- Q Which of the following debts cannot be deducted on Form 706, Schedule K Indebtedness secured by a mortgage on property that is part of the gross estate Unenforceable gambling debts...
- Q Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; rather, it relies completely on independent sales agents to market...
- Q Prior to liquidating their partnership, Underwood and Morrison had capital accounts of $16,000 and $57,000, respectively. The partnership assets were sold for $27,000. The partnership had no liabilities. Underwood and...
- Q We know a car can be had for 60 monthly payments of $399. The dealer has set us a nominal interest rate of 4.5% compounded daily. What is the purchase...
- Q What is the name of a lawsuit brought by one or more individuals on behalf of all persons who were injured by similar acts of the same defendant. ...
- Q Part 6 General Ledger - Post the adjusting entries to the General Ledger Adj-1 Dec. 31 The company has $1,200 of...
- Q Los beneficios de vacaciones son un ejemplo de un pasivo conocido. Verdadero o falso ?
- Q i deleted the first parts that i did. i just need help with questions 5B, 6,7,8,9, and 10 please. ok, please help how should i post it then? ,...
- Q What is the different between operational expenses and capital expenses? How is each budget allocated? What does each type of budget and/or expense cover?
- Q Concord Corporation incurred direct materials costs of $2500000 during the year. Manufacturing overhead applied was $420000 and is applied at the rate of 60% of direct labor costs. Concord Corporations...
- Q qu 2 condiciones deben cumplirse para usar el reenvo de recibos en Quickbooks en lnea
- Q i just want the answers, no ecplanation needed, i will give you a like instantaneuosly once all questions answered Time...
- Q Assignment 1 In this course you will be creating an advertising campaign for an existing product or company-you will not be creating a new product or company. An advertising campaign...
- Q in management accounting definition of relevant cost few examples of relevant cost on table 2, explain brief (egg: opportunity cost, explain one sentences) . irrelevant cost . benefit of...
- Q On November 15, 2022, Pear Corporation sold a subscription service for on-demand advice about tax accounting to a customer. The service costs $3,000 per month and the customer paid for...
- Q Which of the following is NOT a difference we discussed between accounts and notes receivable? Notes Receivable include interest. Notes Receivable are based on sales made. Notes Receivable are due...
- Q A customer was seriously injured in a local grocery store when she slipped due to a spill that was not cleaned up by employees on a timely basis? ...
- Q Many had solved it and got it wrong. I need a professor in accounting to answer this. Answer accordingly. Please solve in table form just like the question for easy...
- Q Required information [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life...
- Q A) Salem company financed the purchase of a land by making payments of $35,000 at the end of each 6 years. The appropriate rate of interest was 8%. What was...
- Q A parents beginning inventory contains unconfirmed profits on goods purchased from its subsidiary of $75,000. The subsidiary's beginning inventory contains unconfirmed profits on goods purchased from its parent of $120,000....
- Q In December of 2022, Flower Inc. paid $1,200 cash for a one year insurance policy tobe used in 2023 and Flower Inc. recorded the transaction correctly. Based only on this...
- Q As an auditor, why do you have to test the validity of payments to authorized suppliers?
- Q A small-business owner is trying to evaluate the profitability of different segments. What are the key factors you would recommend she consider? Over what period of time would you recommend...
- Q Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable,...
- Q Lebron received $66,600 of compensation from his employer and he received $450 of interest from a municipal bond. What is the amount of Lebron's gross income from these...
- Q An income-tax credit is allowed for any excess employee contributions for disability insurance under the Unemployment Insurance Code. For 2018, the employee State Disability Insurance (SDI) was 1% and was...
- Q Classify the following accounts as current assets, noncurrent assets, current liabilities, noncurrent liabilities, contributed capital, or accumulated other comprehensive income. Current portion of long-term debt - Current liabilities Property, plant,...
- Q m elston and r ogle have have partnership capital balance of $40,000 and $80,000 respectively . the partnership agreement indicates that net income or net loss should be shared equally....
- Q If a future cost is the same for more than one alternative, and it has no effect on the decision is known as a(n) Blank 1 cost
- Q Clasifique el siguiente asiento de diario: Utilidades retenidas 6,500 Dividendos 6,500 a. entrada de transaccin b. entrada de cierre C. ajustando la entrada d. ninguna de...
- Q What are standard cost? How do they differ from budgeted cost? Which do you believe is most useful to managers.
- Q Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Pay $4,000 owed to a supplier 2. Issue $90,000 in stock 3. Buy...
- Q 1.Accrued interest on a note payable is an asset use transaction. Group of answer choices True False 2.If a company determines that the likelihood of a future obligation arising from...
- Q The town of Stow was incorporated and began governmental operations on July 1, 20X8. Stow's transactions and events for the fiscal year ended June 30, 20X9, are listed below. Stow...
- Q AusCo is in the business of manufacturing furniture and has an annual turnover of $2 billion. In this income year, it intends to pay $30 million to acquire a competitor,...
- Q The historical cost concept reflects the fact that financial accounting practice favors: Reliability over relevance Management's best guess over historical financial information Relevance over...
- Q which of the following debt ratios indicates a risky situation for a company to pay off it's debt ? A) 4 B ) 2 c)3 D)5
- Q Prepare a Cash Budget for the months of January to March 2019 Your Cash budget should include: ...
- Q Kingbird Inc. compr un terreno a un precio de $30,700. Los costos de cierre fueron de $2,920. Se elimin un edificio antiguo a un costo de $13,560. Qu cantidad debe...
- Q Double declining depreciation method Company purchase equipment for 10,000 euro and this equipment has a useful life of 10 years and a salvage value...
- Q The expense recognition principle matches: O customers with businesses. O expenses with revenues. O creditors with businesses. assets with liabilities
- Q What was the average Issue price per share of common stock? Multiple Choice $275 per share $1.25 per share $1.50 per share $3.75 per share
- Q Which of the following accurately describes a step a paid tax preparer should take when assisting a taxpayer who is applying for an ITIN? A.)Complete Form 8867, Paid Preparer's Due...
- Q Hunt Taxidermy, Inc., is concerned about the taxes paid by the company in 2015. In addition to $42.2 million of taxable income, the firm received $2,990,000 of interest on state-issued...
- Q Item2 10 points Item 2 Greens, Inc. (GI) manufactures golf-related equipment including golf balls. This years expected production of golf balls is 110,000...
- Q Can someone please help me find the incidence rate for 2,456/8,971,000 out of 100,000 people.. also I need a demonstration on how to prepare a graph that illustrate the calculated...
- Q Equipment with an estimated market value of $55,000 is offered for sale at $75,000. the equipment is acquired for $20,000 in cash and a note payable of $40,000 due in...
- Q Los balones de ftbol de la Liga Nacional de Ftbol Americano (NFL) son fabricados por Wilson Sporting Goods Company. Wilson fabrica alrededor de 700.000 balones de ftbol para los juegos...
- Q Denton Company manufactures and sells a single product. Cost data for the product are given below: ...
- Q 1. Compute and interpret financlal ratios that managers use to assess IIquidity. 2. Compute and Interpret financlal ratlos that managers use for asset management purposes. 3. Compute...
- Q Waco Leather Inc., a U.S. corporation, reported total taxable income of $4.95 million. Taxable income included $1.75 million of foreign source taxable income from the companys branch operations in Mexico....
- Q 1- prepare the 2012 statement of cost of good 2-prepare the 2012 income statement Current Assets - Current Liabilities...
- Q Carla Vista Co. receives a $60,000, 5-year note bearing interest of 11% (paid annually) from a customer at a time when the discount rate is 12%. Click here...
- Q 7 Unit 3 Ecam - Multiple Cholce Question 7 7. The following information is evaileble for Birch Company at December 31 Money market fund...
- Q in management accounting responsibility accounting definite . types of reconcilability accounting centers . two benefits . two limitations . four ways to overcomes the problems in responsibility contras (can general)...
- Q A journal provides O information about a transaction in several different places. O the balances for each account. O a chronological record of transactions. O a list of...
- Q 1. Explain the difference between pretax financial income and taxable income. 2. What is the difference between a future taxable amount and a future deductible amount? when is it...
- Q Lito & Sons Woodworks has a beginning inventory of $60,000 and ending inventory of $84,000 for the current period. The company had sales of $340,000 and cost of goods sold...
- Q (Retail Inventory Method) Presented below is information related to Mantle Company. Cost Retail Beginning Inventory $50,000 $ 70,000 Purchases 343,750 535,000 Markups 45,750 Markup Cancellations 3,750 Markdowns 30,750 Markdown...
- Q El balance de una empresa muestra $40 000 en efectivo, $25 000 en cuentas por cobrar, $59 000 en equipo de oficina y $26 000 en cuentas por pagar. Cul...
- Q Fixed Overhead Variances Assume that ExxonMobil uses a standard cost system for each of its refineries. For the Houston refinery, the monthly fixed overhead budget is $9,900,000 for...
- Q Required information [The following information applies to the questions displayed below.] Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock,...
- Q The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.45 and fixed costs of $107,200. Every dollar of sales contributes 45...
- Q in management accounting strandard cost definition types of strands and cost benefit limitation conclusion
- Q please help with both will rate good Which of the following statements, about operational budgets, is not true? Multiple Choice Contain expenses. Are based...
- Q Karim Corp. requires a minimum $8.800 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid monthly Any excess cash is used...
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