Accounting question and answers for November 06, 2023
- Q During its first year of operations, Anchor Holdings Corporation entered into the following transactions relating to shareholders equity. The articles of incorporation authorized the issue of 12,000,000...
- Q Qualified indorsers do not have warranty liability Transfer Warranty Liability 1. True 2. False
- Q If a corporation sells 400 shares of 12 percent, $100 par-value preferred stock for $105 a share, the entry to record the transaction will include a credit of $____.00 to...
- Q Three transactions for Ivanhoe Gifts are presented here. On October 2, Ivanhoe Gifts purchased $53,500 of merchandise from Sea Toys, terms 210,n30. On October 6, Ivanhoe...
- Q Cul de las siguientes caractersticas involucraba la orientacin contradictoria de las relaciones entre organizaciones? 1) contratos a corto plazo 2) contratos a largo plazo 3) Alta dependencia 4) Asistencia comercial...
- Q The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $73,128 $55,400 Long-term debt 37,950 55,000 Based on this information, what is...
- Q Seigel Co. mantiene un plan de pensin de beneficios definidos para sus empleados. En cada fecha del balance general, Yeager debe informar un activo/pasivo de pensin igual al a....
- Q Mandy's 3rd quarter earnings are $2,100 while the prior earnings are $11,700. What is the 3rd quarter FUTA Tax due? Group of answer choices $126 $702 0 $2,100
- Q You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, knowing that overhead was applied...
- Q On June 10, Kingbird Company purchased $8,200 of merchandise from Blossom Company, on account, terms 410,n30. Kingbird pays the freight costs of $410 on June 11. Goods totaling...
- Q Explain and discuss the importance of the House of Lords judgment in Salomon v. Salomon & co. [1897] in developing the principle of separate corporate personality and the exceptions to...
- Q D Required information The following information applies to the questions...
- Q Management requires purchases above $5,000 to be submitted with cash flow projections for budget approval. As systems manager, you want to upgrade your computers at a cost of $25,000. You...
- Q Selected transactions completed by Romney Circus Supplies Corporation during the current fiscal year are as follows: Jan. 6. Split the common stock 3 for 1 and...
- Q In order to produce correct estimated voucher amounts, how many fields need to be completed on the Estimated Tax Calculation Adjustments popup entry screen?
- Q When an S corporation distributes appreciated property, does the shareholder has a carryover basis in the property
- Q Reynold's Grocery has fixed costs of $308,000, the unit selling price is $23, and the unit variable costs are $18. What is the break-even sales (units) if the variable costs...
- Q Major Manufacturing Company has direct materials used of $50,000, beginning raw materials inventory of $10,000 and ending raw materials inventory of $8,000. Compute the raw materials inventory turnover.
- Q Comparing Two Products under Traditional and Activity-Based Costing Compare two projects under development by the same company. The following are a few aspects of each products development process relevant to...
- Q a. Equipment with a book value of $81,500 and an original cost of $165,000 was sold at a loss of $32,000. b. Paid $109,000...
- Q increasing competition resulting in a lower selling price will cause a(n) Choose your answer here in a company's gross margin.
- Q The abrasives group of Chemical Products Inc. (CPI) has been suffering a decline in its business, due to new product introductions by competitors. At 31 December 20X5, the assets of...
- Q A manager of a business firm made the following statement in an interview with local news agency regarding the firm's investment strategy. "Our strategic priority is find a good spot...
- Q Data Year 2 Quarter Year 3 Quarter 1 2 3 ...
- Q Assume your company received $2,000 worth of inventory from the supplier and has 30 days to pay. How would you journalize this transaction?
- Q What is the taxpayers income for federal and California purposes? A) workers comp: $5,000 B) Treasury Interest: $3,000 C) Wages: $12,000 D) Unemployment: $10,000
- Q Relationships are: O a. Associations between entities. O b. A composite attribute O c. None of these choices O d. A key attribute
- Q Variances, Entries, and Income Statement A summary of Blake Company's manufacturing variance report for June 2016 follows. Total Standard Costs (7,600 units) Actual Costs (7,600...
- Q Beculter: Beculter
- Q 2 Sweet Acacia Ltd. sells $5.00 million of 9% bonds on June 1,2023. The bonds pay interest on December 1 and For situation 2, prepare the journal...
- Q On January , 2022, Oriole Company issued $2,780,000 face value, 12%, 10 year bonds at $2,29,150. This price resulted in an effective-interest rate of 13% on the bonds. Oriole uses...
- Q Getty Company expects sales for the first three months of next year to be $195,000, $260,000 and $290,000, respectively. Getty expects 30 percent of its sales to be cash and...
- Q During the current income year Rafael, a resident taxpayer, has a gross salary of $68,000 (PAYG tax withheld $15,100), a fully franked dividend of $2,000, an unfranked...
- Q The trial balance as of July 31,2024 , for Sharon Sutton, R Click the icon to view the trial...
- Q Required: a. Compute the current and acid test ratios for Maxine Company. b. Evaluate Maxine's liquidity in light of your findings
- Q Jacob Corcoran bought 10,000 shares of Grebe Corporation stock two years ago for $24,000. Last year, Jacob received a nontaxable stock dividend of 2,000 shares in Grebe. In the current...
- Q explain the following term Current Tax Deferred Tax
- Q The average (accounting) rate of return for a proposed average investment cost of $4,800,000 in a fixed asset, with a useful life of 20 years, no residual value, and an...
- Q Martin Company purchases a machine at the beginning of the year at a cost of $95,000. The machine is depreciated using the double-declining-balance method. The machines useful life is estimated...
- Q The FASB has the authority to set accounting policies for governmental organizations such as the IRS and the SEC has the authority to set accounting policies for corporations. true or...
- Q Una empresa emiti bonos a 5 aos al 7% con un valor a la par de $100,000. La tasa de mercado cuando se emitieron los bonos era del 6,5%. La...
- Q Major Co. report ingresos en 2016 de $304,000 de operaciones continuas antes de impuestos sobre la renta y una prdida antes de impuestos en operaciones descontinuadas de $78,000. Todos los...
- Q Scribners Corporation produces fine papers in three production departmentsPulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated...
- Q For this project, you will be using the Excel workbook provided in week 2s tab.Deliverable items for the Portfolio Project will be required at different points during the...
- Q Which model(s) does ASPE allow as an alternative to the consolidation method for investments in subsidiaries that are not publicly traded? Select answer from the options below - cost or...
- Q History Bookmarks Window Help Sat 6:41 1/4 inventory information available Units Unit Cost Beginning Inventory 350 $7.25 2/10 Purchase 800 $7.45 3/17 Purchase 750 $7.50 5/29...
- Q Prepare a summary and comparison on issues disclosed in the corporate governance reports. Briefly comments on the level of compliance and quality on the corporate governance...
- Q Which of the following is the typical handling by corporations of their organization costs? O Capital expenditure O Revenue expenditure O Reduction of paid-in capital O None of the above
- Q I need help ASAP Please. What consolidation entries would be recorded in connection with these intra-entity bonds on December 31, 2013 and December 31, 2014? Make sure it`s for two...
- Q Acme Company tiene costos variables equivalentes al 40% de las ventas. La empresa est considerando una propuesta que incrementar las ventas en $15 000 y los costos fijos totales en...
- Q Deposits in transit shall be added to the balance per bank Select one: True False
- Q Madison Industries tiene unidades equivalentes a 8 000 para materiales y costos de conversin. Los costos totales de fabricacin son de $128,000. Los costos totales de materiales son $96,000....
- Q please help i am confused On August 1, Year 1. Company A, an aeronautic electronics company, borrows $19.0 million cash to expand operations. The loan...
- Q What is the deferred portion of Hormel's fiscal year 2016 provision for income tax? $4,331 $338,044 $24,348 $44.327 $426,698 $6,223 $40,456 $16,583
- Q ABC puede ser utilizado por los proveedores de servicios que suelen clasificar los costos por Pregunta de opcin mltiple. departamento producto nivel de...
- Q Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: Cash $ 52,000 Short-term investments 12,000 Accounts receivable 54,000 Inventory 325,000 Prepaid...
- Q Apply: Privacy v Safety? Which responsibility should be supersede the other, Apples responsibility towards national security or their responsibility towards keeping their customers date private?
- Q Cuando el conteo fsico del inventario de Rosanna Company tuvo un costo de $4,350 al final del ao y el saldo no ajustado en el inventario fue de $4,500, Rosanna...
- Q Current Attempt in Progress corporation's books discloed the followire $14,600 had a nut tralizable value of $5200
- Q use the statement of cash flows to evaluate solvency. give an example of how to compute free cash flow and describe what it measures
- Q Ethan (single) purchased his home on July 1, 2008. He lived in the home as his principal residence until July 1, 2015 when he moved out of the home and...
- Q 31. Maverick, Inc. acquires all of the outstanding common stock of Faust Industries for $290,000 cash. On the acquisition date, the subsidiary had Common Stock of $100,000 and Retained Earnings...
- Q Employee Julian Melrose, had the following earnings: $1,900 for the 3rd quarter and $2.100 in previous earnings. What is the 3rd quarter FUTA Tax due? Group of answer choices $1,900...
- Q A company is being sued for $10,000,000 but the lawyers think it is a frivolous lawsuit and that there is a remote chance that the company will lose. How would...
- Q You are the buyer of steel plate for a large steel distributor. You are looking for a supplier of steel plate that your salespeople could sell in the marketplace for...
- Q Multiple Choice Question 31 Reich, Inc. issued bonds with a maturity amount of $200,000 and a maturity ten years from date of issue. If the bonds were issued at a...
- Q Generally, encumbrance accounting is not used in the accounting for payroll. True False
- Q Wholesale Co. started carrying a new product in December. Purchases and sales of this product during the month were: Purchased 100 units of 80 USD per unit on Dec 20...
- Q [The following information applies to the questions displayed below.] Case A. Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value...
- Q Cualquier diferencia entre los valores justos de mercado de los valores y su costo es una ganancia o prdida realizada. a. verdadero b. FALSO
- Q If all woodlands were taken on as a single project, then how many trees (approximately) would have to be replanted if ALL of the existing trees in the...
- Q What is the coupon rate of an eight-year, $10,000 bond with semiannual coupons and a price of $9006.6568, if it has a yield to maturity of 6.5%? A) 6.84% B)...
- Q Following scenario relates to the questions 3,4 and 5. Bloom Co is listed on the stock market and has increased earnings over the last year. As a...
- Q Required information [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book balance of cash with its bank statement...
- Q Cuando se utiliza un presupuesto flexible, una disminucin de la actividad dentro del rango relevante: disminuye los costos variables por unidad. disminuye los costos totales. aumenta los...
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