Accounting question and answers for November 01, 2023
- Q Feline Pet Care Trial Balance July 31, 2023 Acct.No Account Title Debit Credit 101 Cash $ 22,000 106 Accounts receivable 10,600 128 Prepaid insurance 11,500 163 Equipment 17,200 173 Building...
- Q In provinces with PST, businesses must pay the tax when they are the final consumer of the goods. true or false
- Q 1) one or two paragraph overview of general skills, abilities and interest that can make an Accounting firm be more appealed to you? 2) Is there a particular accounting firm...
- Q Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is listed for sale at $900,000 with the help of his accountant,...
- Q Bally corporation purchases an investment in Monte Carlo, Inc. at a purchase price of $7 million cash, representing 40% of the book value of Monte Carlo, Inc. During the year,...
- Q Mastery Problem: Variable Costing for Management Analysis Absorption vs. Variable Method Comparison Absorption Statement Variable Statement Manufacturing Decisions PL Absorption Statement x Absorption costing does not distinguish between...
- Q On January 1, Bosack borrowed $40,000 at 6% interest for 1 year. Bosack accrues interest on the note monthly. If no adjusting entry is made at the end of January,...
- Q The first audit of the books of Bonita Company was made for the year ended December 31, 2021. In examining the books, the auditor found that...
- Q Martin & Associates borrowed $15,000 on April 1, 2016 at 8% interest with both principal and interest due on March 31, 2017. How much should be in the firm's interest...
- Q The unadjusted trial balance as of December 31, 2021, for the Bagley Consulting Company appears below. December 31 is the companys reporting year-end. Account Title Debits ...
- Q 1- Some companies are based on intangible assets (such as the skills and expertise of their managers) to generate income , while other are based on tangible assets (such as...
- Q Check my w Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: Budgeted unit sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 15,000...
- Q When originally purchased, a vehicle costing $23,220 had an estimated useful life of 8 years and an estimated salvage value of $1,700. After 4 years of straight-line depreciation, the asset's...
- Q Questions 24 and 25 refer to the problem below. A businessman is contemplating purchasing a company for R950000. The company is expected to operate for...
- Q lice is an elderly woman of questionable mental competence. Alice's children have arranged for a hired companion, Judy, to live with Alice and tend to her needs. Three weeks later,...
- Q answer all a-1,a-2,b-1, & b-2 for thumbs up what more information??? EVERYTHING...
- Q Describir buenas prcticas de gestin de efectivo que impliquen compras de inventario. (Marque todo lo que corresponda). Pregunta de seleccin mltiple. Los compradores deben aprovechar los descuentos por pago...
- Q Oh budget The controller of Bridgeport Houses incrct you to prepare monthly cash budget for the next three months....
- Q Gamma Company is considering an investment of $ 504, 000 in a land development project. It will yield cash flows of $ 210, 000 for 5 years. The company uses...
- Q On January 1, 2021, a company issues $750,000 of 8% bonds, due in twelve years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market...
- Q While auditing a company you notice an employee in payroll who is living beyond his means (e.g., clothes, automobiles, housing). His wife does not work. Suggest six audit steps to...
- Q Why are budgets important to a company? Describe some of the budgets of Ford Motor Company you think would be useful to that company (operating and financial) and the purpose...
- Q The collection period should be the same for all industries
- Q Explain all five CMA concepts in depth and examine how the application or the analysis of the concept is practically relevant in your area or field of experience and expertise....
- Q the ruling company assigns plant administration cost to the production departments based on the number of employees. which of the following would not be a good combination of common cost...
- Q Larren Buffett is concerned after recelving her weekly paycheck. She belleves that her deductions for Social Security, Medicare, and Federal Income Tax withholding (FIT)...
- Q On August 1, Alaskan Adventures issues a $160,000, eight-month, 6% note. Interest is payable at maturity. What is the amount of interest expense that the company would record in a...
- Q Which of the following sources of income would be subject to the highest combined corporate tax rate? Multiple Choice 1) Active business income of a Canadian controlled private...
- Q For tangible non-current assets, identify FIVE risks of misstatement in the financial statements. For each risk given, identify the financial statement assertion which it affects, and describe a test which...
- Q At year-end, Owl Co. estimates that it is more likely than not, a 55% expectation, that $25,000 of a $200,000 Deferred Tax Asset account regarding a temporary depreciation method difference...
- Q Assume the following (1) variable expenses = $308,000,(2) unit sales =10,000,(3) the contribution margin ratio =20%, and (4) net operating income = $10,000. Given these four assumptions, which...
- Q Explain why governments subside education and training which allows students to attend at a fee below the full cost? What are the positive externalities? explain base on Australian firm and...
- Q Balance Sheet from Adjusted Trial Balance The following is the alphabetical adjusted trial balance of Meadows Company on December 31, 2019: Debits Credits ...
- Q GAAP requires the Statement of Cash Flow to be presented in one of two formats (direct or indirect). The most common method used is the indirect method. Discuss the three...
- Q is LESS compatible with 7-Eleven Japan's competitive strategy. 9. (7-Eleven Japan) A. Low cost B. Availability C. Convenience D. Variety 10. (Single-Server Queues 1)*...
- Q An electrical engineer wishes to set up a special fund by making uniform semiannual start-of-period (period 0) deposits for 12 years. The fund is to provide P700,000 at the end...
- Q From the following information, compute the margin of safety expressed in units of sales. Sales $467,000 Sales at the break-even point 452,000 ...
- Q How important is fiscal transparency? Look at the budget for a department of your choice. Does the executive/federal budget reflect a realistic assessment of the fiscal problems facing state and...
- Q I just need to figure out how the get the answer for ENDING WORK IN PROCESS INVENTORY.
- Q Which of the following statements about the income statement is NOT true? A. A company can show a profit and have a negative cash flow. B. If a business is...
- Q McDonald's 2019 return on common equity=?
- Q How to solve
- Q A company buys equipment for $230,000 using a loan. What is the journal entry? Debit Choose... . $230,000 Credit Choose... $230,000
- Q Please Help I will thumbs up! Thank you The following information applies to the questions displayed below.] Dne Product Corporation (OPC) incorporated at the beginning of...
- Q Ferrar Corporation has two major business segments: Consumer and Commercial. Data for the segments and for the March appear below: In addition, common fixed expenses totaled $210,000...
- Q A taxpayer may donate the free use of property to a charitable organization and deduct the value as an itemized deduction.
- Q The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits or losses be shared between the partners in the ratio of their financial contributions to the...
- Q When performing a cash payments transaction in integrated accounting the account most commonly credited is: a. expense b. cash c. inventory c. account payable
- Q Current Attempt in Progress Carla Vista Company has income from continuing operations of $645,000 (after tax) for the year ended December 31,2022 . It...
- Q Skysong Enterprises Ltd., a private company following ASPE earned accounting income before taxes of $1,712,000 for the year ended December 31,2023. During 2023,...
- Q Sharon Feldman, president of Allied Company, considers $21,000 to be a minimum cash balance for operating purposes. As can be seen from the following statements, only...
- Q At the beginning of the current year, Miller Company has a net gain Accumulated - Other Comprehensive Net Income of...
- Q According to the cash flow equation, variable costs, fixed costs, and taxes are considered to be _____. A. operating activities B. investments C. cash outflows D. cash flow from financing...
- Q With these exact input fields as seen below ...
- Q Bradley Company pronostic ventas para el mes de marzo de 10,000 unidades en su regin de Columbus, 13,000 unidades en su regin de Cincinnati y 15,000 unidades en su regin...
- Q All I need is part D numbers 3. 4.10. ents NEXT Attempts: 2 of 3 used (d) A Your...
- Q Assuming interest at 10% what sum of money receivable three years from now will have a present value of 5,000?
- Q Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round variable cost per unit to 2 decimal places, eg. 15.25.)
- Q In Year 2, LIFO liquidation was caused primarily by a substantial reduction during the year in [the inventory of] molasses (the major raw material). This...
- Q Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $256,500its fair value(FV of $1PV of 1FVA...
- Q Prepare the journal entries to record the issuance and first semiannual interest payment on a $650,000 9% 15-year bond, issued at 103. Then create the journal entry for the redemption...
- Q The end of month adjustments are below. a. Depreciation on shop equipment for the month is 15% p.a. prime cost (straight line)....
- Q Prepare the issuers journal entry for each of the following separate transactions. A. On March 1, Atlantic Co. issues 51,000 shares of $4 par value common stock for...
- Q Steinberg Corporation and Dietrich Corporation are identical firms except that Dietrich is more levered. Both companies will remain in business for one more year. The companies'...
- Q Need help for New standards and amendments of PFRS and IFRS effective 2022 Financial Reports. ASAP THANK YOU!
- Q 1)In the revenue process, which document typically accompanies a customer's payment of their accounts receivable? an invoice O a remittance advice O a sale order O a credit...
- Q Foxboro Companys income statement for Year 2 follows: Foxboro Company Income Statement ...
- Q The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Sales $ 1,247,000 Selling price per...
- Q What are the steps to adjust GST/HST rates in Sage 50
- Q 1) What are some of the limitations of cost accounting. 2) Management accounting provides economic and financial information for external users such as shareholders, creditors and banks. True/ False 3)...
- Q Air carrier revenues are reported inti which of the following groups of carriers
- Q On May 1, 2014, Kymier Corp. purchased $1,500,000 of 12% bondswith interest payable on January 1 and July 1for $1,406,500 plus accrued interest. The bonds mature on January 1, 2024....
- Q Comparing Real Estate Investments Suppose Sam wants to invest in real estate and is considering two different residential properties, Based on the expected incomes and operating expenses...
- Q 1. What is the critical issue in interpreting the nature of this transaction? How does interpretation of the critical issue lead to the two different viewpoints? 2. Explain why SOP...
- Q Suponga los siguientes datos de ventas de una empresa: Ao actual $325 000 Ao anterior 250 000 Cul es el porcentaje de aumento en las ventas del ao anterior al...
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!