Accounting question and answers for December 04, 2023
- Q Factory overhead includes: Group of answer choices Indirect labor but not indirect materials. All manufacturing costs except direct materials and direct labor. All...
- Q The Blank______ precise the expectation, the Blank______ the likelihood that the difference is actually a misstatement. Multiple choice question. less, greater more, lower...
- Q determine the degree to which Chinese GAAP conforms to IFRS
- Q A flash drive manufacturer is offering its wholesalers a 17% discount for the next quarter to help increase its total sales. On average, it costs $20 to manufacture one flash...
- Q 1. A taxpayer received a $30,000 gift. 2. A taxpayer, who was not an active participant in an employers qualified pension or annuity plan in...
- Q Which of the following would result in gross income to the taxpayer? Group of answer choices Taxpayer receives cash proceeds from a home equity loan. ...
- Q An understatement of ending inventory will cause An overstatement of assets and equity on the balance sheet
- Q Jane, Joseph, and John are supporting their father who lives in a separate apartment. Their contribution towards his support is 10%,42%, and 48%, respectively. In a multiple support...
- Q The following data relate to Schroeder Ltd. for the calendar year 2020: Net income (30% tax rate) ...................................$3,250,000 Average number of common shares outstanding during 2020..................................1,200,000shares 8%,...
- Q What is the maximum amount Scott and Barbara are eligible to claim for the child tax credit? a. $2,000 b. $3,000 c. $4,000...
- Q . The total amount of David's net premium tax credit on Form 1040 Schedule 3, line 9 is $696. a. True b. False...
- Q how do you Participate in a WBL experience, when appropriate in real life.
- Q Of the following administrative sources of the tax law, which one has the highest authority? Group of answer choices Temporary regulation Revenue ruling Revenue...
- Q Which of the following is not true of the standard mileage rate used in the computation of business automobile expenses? Group of answer choices A.The...
- Q A type of analytical procedure in which auditors use their professional judgment to review accounting data to identify unusual or significant items that may be an indication of...
- Q Taxpayers who overpaid for their health insurance in California may be eligible to receive a Premium Assistance Subsidy by completing and attaching which form
- Q 53. Walmart no saba que Tuba Group haba enviado el pedido de Walmart a la fbrica de Tazreen antes del incendio de noviembre de 2012. Verdadero FALSO
- Q INFORMATION Read the following case study and answer the questions provided. INVENTORY AND DEBTOR MANAGEMENT ISSUES AT INVERTERGO (PTY) LTD The load-shodding woes of Eskom has...
- Q For passenger automobiles placed in service in 2023 for which no Section 168(k) additional (bonus) first-year depreciation deduction applies, the depreciation limit under Section 280F(d)(7) is what amount...
- Q Prueba de conocimiento 01 Cul de los siguientes enfoques de costeo es el ms adecuado para el anlisis de costo-volumen-beneficio? Absorcin Normal Estndar...
- Q Una entidad vende bienes bajo garanta y la experiencia pasada muestra que menores... Una entidad vende bienes bajo garanta y la experiencia anterior muestra que los defectos menores representan...
- Q The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reportsthe number of courses and...
- Q Auditors would plan for audit procedures that may result in lower quality evidence and possibly a decreased quantity of evidence for that assertion ________. Question 23...
- Q 2. Imagine scenario B: 25% of payments for the goods are delayed by one quarter. - What are the implications of this for different budgets? ...
- Q Morton Companys contribution format income statement for last month is given below: Sales (48,000 units $ 30 per unit) $ 1,440,000 Variable expenses 1,008,000...
- Q In a period of rising purchase costs, LIFO usually gives a lower taxable income and therefore, yields a tax advantage.
- Q Cul de los siguientes describe mejor el concepto de prueba de elementos clave? a) la seleccin de artculos que se agrupan dentro de la poblacin de artculos disponibles...
- Q QUESTION 1(20 Marks) REQUIRED Study the Statement of Cash Flows given below and answer the following questions: 1.1 Calculate the following: 1.1.1 Decrease in...
- Q Indicate whether each transaction that follows caused an increase (+), a decrease (-), or no change (NC) in assets, liabilities, and stockholders equity. Purchased supplies on credit. Paid...
- Q diego Company fabrica un producto que se vende a $72 por unidad en dos regiones geogrficas: las regiones este y oeste. La siguiente informacin se refiere al primer ao de...
- Q Ivanhoe has recently started to manufacture RecRobo, a three-wheeled robot that can scan a home for fires and gas leaks and then transmit this information to a mobile...
- Q Please explain variable, fixed, and mixed costs. and provide one example of each.
- Q Una empresa compr un vehculo motorizado por valor de $40 000, pag $15 000 en efectivo y pidi prestados $25 000. El efecto de esta transaccin en la ecuacin contable...
- Q 5.What must be done if an error is made on a paycheque? 6.To adjust a previously posted paycheque, you must click the button in the Paycheques window. a.True b.False...
- Q Otis Corp. utiliza un sistema peridico y el mtodo FIFO. Otis tena un inventario inicial de 30 unidades compradas a $120 cada una y realiz las siguientes compras durante el...
- Q When an individual taxpayer sells a Section 1250 asset at a gain, how much of the game will be taxed as ordinary income?
- Q Un nuevo estndar de contabilidad requiere que una empresa acumule nuevos pasivos importantes para las pensiones y beneficios de los empleados. Como resultado, su relacin deuda-capital aumenta hasta el punto...
- Q James Company determina que se necesitan 13 500 libras de materiales directos para la produccin en julio. Hay 800 libras de materiales directos disponibles al 1 de julio y el...
- Q Ollie (28) spent $3,800 for tuition and required course fees to complete two college courses during the year. Ollie cannot be claimed as a dependent on anyone...
- Q A listing of the components and the number of each required to make the product is called the bill of lading. Incorrect Response True Correct Answer False
- Q The intercompany purchase of the parent company bonds by a subsidiary has the same effect on the consolidated financial statements as the Top of Form Multiple Choice parent's...
- Q Selected transactions on the books of Crane Corporation follow: May 1,2023 Dec. 31 Jan. 1,2024 April 1 Dec. 31 ...
- Q Analyzing Footnote Disclosure of Pension Buy-out In a press release dated December 3, 2018, Bristol Myers Squibb disclosed the following with respect to its pension plans (excerpted). NEW YORK (BUSINESS...
- Q : 1. Tew Electric Company sells 500,000 standard wall switches a year. Each switch costs the company $2.0. The percentage cost of carrying the switch is 20% of inventory value....
- Q Cul de las siguientes afirmaciones es cierta con respecto a las acciones propias? a. Los dividendos se pagan sobre acciones propias. b. El Capital Pagado por Venta de Acciones Propias...
- Q chapter 5,6,9,10,12 end of chapter solutions managerial accounting 9th needles and crosson
- Q Which of the following helps discover and analyze patterns, identify anomalies, and extract other useful information in data underlying the subject matter of an audit? Question 22 options:...
- Q Which of the following is affected by taking too much money out of the business? Cash flow. Income tax. Payroll taxes. SE tax.
- Q El estado de ganancias o prdidas de Basin Ltd para el ao terminado el 30 de junio de 2021 y extractos de su Los estados de situacin financiera...
- Q How are discontinued operations reported? (Select all that apply.)
- Q David MacLee's adjusted gross income on his Form 1040 is _______. a. $8,404 b. $36,000 c. $36,104 d. $36,130 ...
- Q A company issues $100,000 par value, 4% bonds on January 120XX with interest paid on June 30 and December 31. On the issue date, the market rate is...
- Q the accounting equation may be restated as equity = assets = liabilities true pr false?
- Q Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets...
- Q Standard cost is the industry average cost for a product or service. a. true b. false
- Q What record or document provides evidence of a deductible expense for a taxpayer using this method?
- Q Auditors communicating directly with a client's bank regarding the existence of the client's cash account balances at year-end would be an example of an ________. Question...
- Q Suponga que trabaja como asistente de contabilidad en la oficina central de una empresa nacional de alquiler de pelculas, al estilo Blockbuster Inc. Con la creciente popularidad de las operaciones...
- Q VERDADERO FALSO? 1) En el costeo por procesos, las unidades equivalentes calculadas para los materiales son generalmente las mismas que las calculadas para los costos de conversin. 2)...
- Q Management assertions are best defined as ________. Question 14 options: A) optional items for the auditor to check ...
- Q Sally trabaja 48 horas en una semana en junio. Le pagan $10 por hora por horas regulares y el doble por horas extras. Se espera que los empleados trabajen...
- Q Record the issuance of 4 additional shares for cash at $1 market value per share on January 1,2023.
- Q Overapplied overhead will always result when a predetermined factory overhead rate is employed and: Group of answer choices Overhead incurred is more than overhead applied. Overhead...
- Q Most companies nowadays have a website that you can visit firstbefore setting foot in their stores, as well as for purchasing their products online, or making use of their...
- Q Decline in trade volumes and economic conditions Our customers are logistics service providers whose business operations depend on regional and global logistics activities, which are closely linked to regional...
- Q For this week's discussion, select a business in your community (or online) and discuss its internal controls. This is about more than just cash. The best choice for...
- Q Allowable qualified business income deduction
- Q Problem 6-10(Algo) Long-term contract; revenue recognition over time [LO6-8,6-9] Skip to question [The following information applies to the questions displayed below.] In...
- Q The printing costs and legal fees associated with the issuance of bonds shoulda. be expensed when incurred.o. be reported as a deduction from the face amount of bonds...
- Q The completeness assertion relates to ________. Question 7 options: A) all payroll accounting records are complete and valued correctly ...
- Q Which of the following have problems with gender bias? CheckALLthat apply. 1. Every employee needs to submit his time card by 5:00 on Friday 2. The company...
- Q You are to retrieve a Code of Ethics for two organizations companies UPS and USPS You should analyze the Codes by identifying points of similarity, points of difference, and suggesting...
- Q On January 1, a corporation issues bonds that have a $4,500,000 par value, mature in 20 years, and pay 10% interest semiannually on June 30 and December 31....
- Q TAXAYER'S wife died in Year 1, and he maintains a household for himself and his daughter, who qualifies as his dependent. TAXPAYER has not remarried. What is the...
- Q Bugle Corporation has sales of $400,000, a variable cost ratio of 40%, and a profit of $40,000. If 10,000 units were sold, what is the contribution margin per...
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