Accounting question and answers for August 25, 2023
- Q Journal entry worksheet \begin{tabular}{l|c|ccc} \hline
- Q how to record general reserve in cash flow statement
- Q ------ Considered a Technical attack; Select one: a. Unauthorized Access b. Hijacking c. All of the choices d. Warms
- Q Saved Help Save & Exit Submit Check my work Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its...
- Q On November 1,2025, Shamrock Inc. had the following account balances. The company uses the perpetual inventory method. During November, the following summary transactions were completed. ...
- Q inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Inspiring U has assets of $886,000 and liabilities of $213,000. Using the accounting...
- Q Michelle's Accessory Store has a planned stock turnover of 3.2 and planned sales of $156,000 for a six-month season. If planned sales for May are $35,000,...
- Q You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's...
- Q A company has a fiscal year-end of December 31: (1) on October 1, $15,000 was paid for a one-year fire insurance policy; (2) on June 30 the company lent its...
- Q 1. Assume the price per unit equals $70, fixed costs total $ 35000, and variable costs are $35 per unit. a. Find the breakeven point in both units and dollars....
- Q On January 1, 2015, Jerry Corporation issued $1,000,000, 8%, 10-year bonds, and received $875,388 in cash proceeds. The market rate at the date of issuance was 10%. The bonds pay...
- Q 5. You are asked to create a database to store customer and order information. The customer information to be captured includes the customer ID, customer name,...
- Q i want this questins answered within 10 mintues its urgent
- Q 1. On Jan11,2011 Olivia and David organize as a partnership called the Landing Zone. Olivias initial net investment is $ 30,000 and Davids initial investment is $10,000. The partnerships net...
- Q Group 1 accounts for its 30% investment in Group 2 using the equity method of accounting. The investment cost $650,000 on 1/1/2021. During X1, Group 2 reported net income of...
- Q In Hedley Byrne & Co. Ltd v. Heller and Partners Ltd [1964], the plaintiff was not awarded damages, because the defendant bank (Heller &Partners): Select one: A. Did not supply...
- Q Explain the difference between an employee payroll deduction and example. Explain the rules regarding when and how a contingency is Explain when product warranty...
- Q What is the correct option for each question? When a company uses the allowance method...
- Q Would companies eliminate financial scandals if they establish a corporate ethic codes? why or why not? Answer this question in 300 words
- Q of 4 each other Generally, the promotion mix strategy of a company should be designed so that its elements
- Q You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country....
- Q Ivy Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total...
- Q Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 5.25 Direct labor $ 3.90 Variable manufacturing overhead $ 1.40 Fixed manufacturing overhead...
- Q When calculating raw materials purchases, the starting point should be Question 2 options: budgeted production budgeted cost of raw materials actual materials purchases from the...
- Q Horizontal analysis is the comparison of a company's financial information to a base amount. True False
- Q hi i need help with this as soon as possible. both? What role does problem recognition play in the consumer- decision making process
- Q When calculating raw materials purchases, the starting point should be Question 2 options: budgeted production budgeted cost of raw materials actual materials purchases from the...
- Q An individual starts paying student loan interest in the current year. How many years may the individual deduct a portion of the student loan interest?
- Q **** I don't JUST want the answers --- I want to see how to do the math on them *** 1. Compton Company uses a predetermined overhead rate in applying...
- Q What are the pros and cons for FASB Topic 958 Not-for-Profit changes taking effect in 2017
- Q Sheridan Inc. had net income for the current year ending December 31, 2020 of $912,320. During the entire year, there were 507,000 common shares outstanding. The company had two classes...
- Q On 1 October 2007 William Ltd purchased a machine for $60,000 + GST. Installation cost was a further $7,400 + GST. It is estimated that the machine will provide...
- Q On January 1, 2013, Piper Company acquired an 80x interest in Sand Company for $2,302,200. At that time the common stock and...
- Q Please answer all of the following thank you! \begin{tabular}{|l|l|l|} \hline a-2. & Impact on 2020 net income & \\ \hline a-3. & Impact on 2021 net...
- Q 2. Which of the following lease contract would be the most likely be classified as a finance lease by the lessee? a. The lease term is 7 years...
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- Q On January 1,2024, Pet Friendly Stores adopted the retail inventory method. Inventory transactions at both cost and retail, and cost indexes for 2024 and 2025 are as follows:...
- Q Melvin Blank, age 57, is chief executive officer of Animated Incorporated. Animated's shares trade on the New York stock exchange. Melvin borrow $100,000 from Animated to purchase a house in...
- Q Catatonic is considering investments for the coming year. 3. Catatonic is considering investments for the coming year. They are considering opportunities...
- Q The following data is used for questions 5.8 and 5.9 Budgeted machine hours 8,500 Budgeted overhead costs 148,750 Actual machine hours 7,928 Actual overhead costs 146,200
- Q Case study1 The Maple Syrup Company has been a good client for the past five years. You have been requested by the managing director of Maple Syrup Company...
- Q Multi-Stage Growth Rate: Calculate the present value weighted average growth rate for an investment with a discount rate of 9% and cash flows that grow through Year 10 at g1...
- Q Rizio Co. purchases a machine for $10,800, terms 1/10, n/60, FOB shipping point. The seller prepaid the $244 freight charges, adding the amount to the invoice and bringing its total...
- Q Mark and Addison formed a partnership. Mark received a 25% interest in partnership capital and profits in exchange for land with a basis of $40,000 and a fair market value...
- Q Allen Inc. obtuvo un prstamo de $ 100,000 a un ao, 8%, el 31 de marzo de 2021. Los intereses vencen al vencimiento del prstamo. Qu asiento de ajuste,...
- Q 10. Compare the cash and accrual methods of accounting for the following events: A. Purchased new equipment, paying $50,000 cash and giving a not payable for $30,000 due next year....
- Q A small assembly line for the assembly of power steering pumps needs to be balanced. Precedence diagram is shown below. The cycle time is determined to be 1.8...
- Q Cost of Goods Sold Shaquille Corporation began the current year with inventory of $40,000. During the year, its purchases totaled $100,000. Shaquille paid freight charges of $8,500 for these purchases....
- Q a and b are part of 3 3. Payback period. a. Calculate the payback period for each project from the following cash flows. Indicate fractions of...
- Q Thomas Tones Incorporated was founded with the mission of filling every home with music. The company reported the following amounts in its financial statements (in millions): 2018 2017 Net Sales...
- Q The charter of a corporation provides for the issuance of 144,000 shares of common stock. Assume that 52,000 shares were originally issued and 14,000 were subsequently reacquired. What is the...
- Q CHAPTER 18! PLEASE HELP THIS IS DUE SOON Continuing Case 65. Retirement Income Forecast Jamie Lee and Ross, now 57 and still very...
- Q A company receives $9,800 cash for performing landscaping services. Which of the following general journal entries will the company make to record this transaction
- Q Windsor Corp. had the following balances in receivable accounts at October 31, 2022 (in thousands): Allowance for Doubtful Accounts...
- Q a) Tom is single in 2019 and has $70,000 of taxable income, which includes $50,000 of long-term capital gain. b) Now suppose instead that Tom has 2019 taxable income of...
- Q This budget lists all the costs of production other than direct materials and direct labor. a. Production budget b. Direct budget O c. Indirect budget Od. Overhead budget
- Q Corporation X reports U.S GAAP book net income of $100,000. The only difference between book income and taxable income is Corporation X elected bonus depreciation which exceeded book depreciation by...
- Q 5 18 points Liberty Company has the following inventory transactions for the year. Date January 1 April 9 October 4 January 1 to December 31 Required: 1. Using FIFO,...
- Q 14) All other things the same, an increase in total fixed expenses will increase the break-even point. A) True B) False 5) Data concerning...
- Q Seinfeld Corporation issued $500,000, 11%, 3-year bonds when the market rate was 12%, and received $487,567.50 in proceeds. Prepare the journal entry to record the issuance of the bonds. The...
- Q Which type of threat may be created when the professional accountant performs a significant portion of the audit clients internal audit activities? Select one: A. Advocacy threat. B. Public practice...
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- Q On January 1, 2019, ABC Company issued $60,000,000 of 20-year, 10.5% bonds when the market rate of interest was 8.5%. Interest is paid semi-annually on June 30 and December 31....
- Q The fixed assets have estimated seful lives as follows: Building -31.5 years Computer Equipment -5.0 years Office Equipment -7.0 years ...
- Q Statement of Cash Flows Amelia's Bookstore reported net income of $64,000 for the current year. The following information is also available for the year: $5,000 depreciation expense, $5,500 increase in...
- Q El lugar ms apropiado para buscar relaciones entre socios es en el a. ley estatal relevante b. Asociacin voluntaria C. acuerdo de Asociacin d. registros contables
- Q Consider the following two investments, each of which has an original cost of $12.000. Net revenues ($) Year Investment A Investment B DOWN 3,000 3.000 3,000...
- Q I provided the Tax rate schedule which needs to be used. Please answer what the Tax Liability would be asap. Chapter 8 Assignment...
- Q Bank Reconciliation and Entries Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement...
- Q The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: 1 Dec....
- Q Required information P9-4 (Static) Recording and Reporting Accrued Liabilities and Deferred Revenue with Discussion of Accrual versus Cash Accounting LO9-1 [The following information applies to the questions displayed...
- Q 39. A taxpayer has multiple sources of income. Is this a source of income that is considered to be taxable? Cancellation of debt for credit card Click 'Yes'...
- Q Marcus invested $215,000 to purchase a home. After 10 years, he sold the home for $280,000. Calculate the effective interest rate earned on this investment. % Round to two decimal...
- Q Test Company produced and sold 10,000 units at a price of $20 per unit for the month of July. The total cost of $185,000 included $140,000 of variable costs. All...
- Q El empleado de contabilidad sin experiencia ingres errneamente el salario del gerente de R11 000 en la cuenta del seguro. El asiento corrector tendr el siguiente efecto en la ecuacin...
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