Accounting question and answers for November 18, 2023
- Q The balance sheet is illustrated below. Cash Rs. 10,000 Inventory Rs. 5,000 Accounts receivable Rs. 5,000 Investments in stocks Rs. 1000 Prepaid taxes Rs. 500 Current liabilitiesRs. 15,000 Quick ratio...
- Q Which of the following funds are classified as proprietary funds? Group of answer choices Agency and pension trust funds. Enterprise and internal service funds. Agency and special revenue funds. ...
- Q on january 1, 2009, turner inc., reports net assets of $480,000 although a building (with a 10 year life) having a book value of $260,000 is now worth $300,000. Plaster...
- Q Don't answer this question if you don't know answer..I am posting 3rd time all answers are wrong..if u give wrong answer I will give 10 dislikes from my frnds account...
- Q Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 209 and 20Y8, is as follows: Assets Cash Accounts receivable (net) Inventories Investments...
- Q Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria, where the local currency unit is the naira (NGN). On December 31,2023, the subsidiary had the following...
- Q Class, Rocky Dog Toy Co. intends to lease a machine from Riley Leasing, Inc. Rocky's incremental borrowing rate is 14%. The prime rate of interest is 8%. Riley's implicit rate...
- Q On June 1, 2019 Adelphi Corporation issued $110,000 of 6%, 5-year bonds. The bonds which were issued at 99, pay interest on January 1 and June 1. Use this information...
- Q 1/ What do you think about using MUS to test selling, general and administrative expenses in a typical company? 4/ You are using sampling to test the...
- Q Work in Process Account Data for Two Months; Cost of Production Reports Pittsburgh Aluminum Company uses process costing to record the costs of manufacturing rolled aluminum, which consists of the...
- Q The following information pertains to the City of Williamson for 2024, its first year of legal existence. For convenience, assume that all transactions are for the general fund,...
- Q Dorman Company inform los siguientes datos: ingreso neto 225,000 gasto de depreciacin 25,000 ganancia por enajenacin de equipo 20,500 disminucin en cuentas por cobrar 14,000 ...
- Q A property has an initial value of $50,000, service life of 20 years and a final salvage value of $4000. It has been proposed to depreciate the property by the...
- Q Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on...
- Q The static budget for the month of May was for 3,000 units with direct materials at $35 per unit. Direct labor was budgeted at 30 minutes per unit for a...
- Q 4. Explain the difference between Sunk Costs and Opportunity Costs with suitable examples.
- Q Critically evaluate whether the independent auditor followed their key responsibilities in their overall audit process. You need to report where and how they followed or failed to follow their responsibilities....
- Q How the key audit matters have been addressed by the independent auditor. Critically evaluate the addressing of the key audit matters. (500 words, approximately) SYDNEY AIRPORT
- Q Which of the following funds provides goods and services only to other departments or agencies of the government on a cost-reimbursement basis? Group of answer choices Enterprise funds Internal service...
- Q Cost Analysis of Job-Order Sheets Completing this activity will help you learn to: 1. build calculations to find cumulative costs and unit costs for a manufacturing...
- Q which of the following does not consider a companys discount rate?
- Q At fiscal year end, December 31, 2018, Somerset Corporation had total stockholders' equity of $4,400,000. On FY 2018 year end, Somerset Corporation had Common Stock account of $1,450,000 of $10...
- Q x
- Q How can fundraisers of a non-profit homeless shelter sometimes be a non-value added activity.
- Q You have just purchased and have obtained a 30-year, $200000 mortgage with an interest rate of 10 percent. Required: a. What is your annual payment? b. ... for 30...
- Q Registro de transacciones de la empresa compradora. (LO 2), AP El 5 de octubre, Narveson Company compra mercadera a cuenta de Rossi Company. El precio de venta de los bienes...
- Q Actual Rate Per Pound = $14.50 Standard Material For actual units = 12400 Actual Material Used or Purchased = 13200 (as it is given all material purchased is been used)...
- Q The agency relationship occurs when one or more individuals(principal) hire another individual (agent) to perform services on behalf of the principal. 1. The causes of agency problems;and...
- Q Please answer with reason for all why the option is correct and why the other options are incorrect 52.Which error cannot be revealed on the preparation of trial balance? A.Wrong...
- Q The tips received by a tipped employee are less than $5.12 of the minimum hourly tip credit rate. The maximum permissible tip credit is:
- Q 3. You are considering purchasing real estate. Describe the provisions of a warranty deed, quit claim deed, and contract for deed. Explain what form is most desirable for a seller...
- Q The COSO report identified a component of internal control as the policies and procedures that help ensure that management directives are carried out and that management directives are achieved The...
- Q Selected information for Morgan Inc for a recent fiscal year (year ending 6/30/2023) is presented below (dollar amounts in millions): Note (Maturity Date) Reported Book Value,...
- Q Which of the following statements is false regarding an Individual Taxpayer Identification Number (ITIN)?
- Q Fill in the missing amount. WIP Inventory, September 1 7,200 tons WIP Inventory September 30 3,800 tons Units started during September _______ tons Units completed and transferred during...
- Q What is the main objective of the auditor in assessing business risks in the conduct of an audit? Please select the right answer. To identify significant...
- Q Jamie started a home and commercial cleaning service business on 1 July 2023.operations and completed four transactions in July that resulted in the following accounts. All the...
- Q is this worded correctly?"Overall, the company's financial ratios depict that Walmart's financial performance is wanting which makes it difficult for any financial institution to ne willing to invest in the...
- Q Compare and contrast process costing and job costing using your own words (e.g., definition, cost objects, & cost flows). No less than 250 words. Follow APA format. Your...
- Q Suppose the common stock of DreamIndustries has a beta of 1.4 and an expected return of 16.7 percent. The risk-free rate of return is 2.7 percent while the inflation rate...
- Q 5. What is a Capital Investment Decision in Business and what are the different criteria used to appraise the Investments?
- Q Which of the following Adjustments to Income would reduce a client's Qualified Business Income? (Check all that apply.)
- Q What amount of cash must be invested today in order to have $38,000 at the end of one year assuming the rate of return is 8%? Use Appendix Table 1....
- Q Owner's withdrawalsa. increase expensesb. decrease expensesc. decrease owner's equityd. increase cash
- Q TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the companys products is...
- Q For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $47,000, accounts receivable $109,000, inventories $89,000, prepaid expenses $18,000, accounts payable $98,000, and accrued expenses $65,000....
- Q over how many direct labor dollars will FOH be allocated?
- Q Business has a consitutional rights to a fair trial because corporations are
- Q 2. B a US citizen sells products in France. Bs income in France is $500,000 and B pays $200,000 in French income taxes. Bs US tax liability with respect to...
- Q you leand a friend money she writes a contract guaranteeing you 12% return on investment to be paid in full at the end of 4 years
- Q 1. Under which circumstance can the use of a blanket/plant-wide overhead rate be justified? a. If all products consume departmental overheads in varying proportions b. If all products consume departmental...
- Q 6. Which of the following statements is not true regarding prepaid expenses? a. Prepaid expenses appear in the balance sheet b. Prepaid expenses represent assets c. Prepaid expenses become expenses...
- Q c) Danny Keeper is paid $12.50 per hour. He worked 8 hours on Monday and Tuesday, 10 hours on Wednesday and 7 hours on Thursday. Friday was a public holiday...
- Q Segn la ley, las personas que cumplen con ciertos requisitos (como la edad o el nivel de ingresos) califican para recibir beneficios bajo un programa federal en particular. El programa...
- Q Accountants often use the terms debit and credit to indicate the effect of transactions on account balances. true or false?
- Q Gold Star Rice, Ltd., of Thailand exports Thai rice throughout Asia. The company grows three varieties of riceWhite, Fragrant, and Loonzain. Budgeted sales by product and in total for the...
- Q Intel Corporation is currently trading at $52.04. The company expects to pay $2.25 on its next dividend and to grow at an annual constant rate of 5%. Calculate the required...
- Q oseph Max, Inc., sold 10-year, 5 percent bonds for $1,000,000 at 98. On the annual interest payment date at the end of the fifth year the bonds were outstanding, 40...
- Q A companys QBO software is updated _______________. Select one: a. when the user clicks the Update Program link b. automatically by Intuit c. either automatically or on demand depending on...
- Q Financial Ratios: Calculate the following financial ratios and explain the meaning of the results. Net Profit Margin Quick Ratio Debt-to-Equity Ratio ...
- Q During 2018, JASON sold DANIELLE, its 90% owned sub, a parcel of land for $104,200 and recorded a gain of $18,600 on the sale. WHAT IF ANY ARE THE 2018...
- Q Accounting Information System a. Brief overview As part of his going green initiative in previous years, Mr. Marks moved away from a manual accounting system to electronic records. The books...
- Q 367(6)
- Q As a sales representative for a publicly traded pharmaceutical company, you become aware of new evidence that one of your company's main drugs has significant life-threatening side effects that were...
- Q Deductions from gross pay in the payroll register are reflected on the credit side of the journal entry to record the payroll
- Q Southern Company est preparando un presupuesto de efectivo para abril. La empresa tiene $12,000.00 en efectivo a principios de abril y anticipa $30,000.00 en recibos de efectivo y $34,000.00 en...
- Q Hi-Tek Manufacturing, Inc., makes two types of industrial component partsthe B300 and the T500. An absorption costing income statement for the most recent period is shown: ...
- Q x
- Q When bonds are sold at a discount and the effective interest method is used, at each interest payment date, the interest expense:
- Q Question: Two CPAs decide to organize their practice of accountancy as a limited liability partnership. According to the AICPA Code of Professional Conduct: A. This is an acceptable form of...
- Q Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzerias owner has determined...
- Q An organization plans to make a product in batches of 25,000 units. Planned production is 1,000,000 units, and actual production is 1,125,000 units. What are the planned (master budget) number...
- Q Mauro Products distributes a single product, a woven basket whose selling price is $15 and whose variable expense is $12 per unit. The companys monthly fixed expense is $4,200. 1....
- Q After the sales budget is prepared, the capitalexpenditures budget is normally prepared next. True False Question 39 2 points Save All of the following qualitative considerationsmay impact upon capital investments...
- Q When a company exchanges a note for property, goods, or services,what value does it place on the note: a. If it bearsinterest at a reasonable rate and is issued in...
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