Accounting question and answers for November 18, 2023
- Q Onwers' equity as of 12/31/2019 is _____________
- Q Capital budgeting decisions are risky.: Research the risks associated with capital budgeting and identify the three that you believe are the most significant risks. Describe these risks and...
- Q Hoosier Technology, Inc. is a producer of digital rearview mirrors. Its current line of mirrors are selling excellently. However, in order to cope with the foreseeable competition from other similar...
- Q shareholder's equity: decreases whenever new shares of stock are issued, represents the residual value of a firm, is equal to total assets plus equal
- Q On September 1, Ziegler Corporation had 51,000 shares of $5 par value common stock, and $153,000 of retained earnings. On that date, when the market price of the stock is...
- Q Which of the following differentiates between a bookkeeper and an accountant? Multiple select question. an understanding of bookkeeping using technology to complete work assignments ...
- Q oscar purchased 200 shares of value Corp stock in 2021 for $2,500 value Corp had no earnnings orr profts for 2021 or 2022 oscar receivedd a $1,500 return...
- Q Find the total deposit. Checks: $152.54 and $147.46; cash: 54 one-dollar bills, 12 five-dollar bills, 6 ten-dollar bills, 35 quarters, 18 dimes, 40 nickels, and 75 pennies; less...
- Q Question 16 (1 point) Listen Public goods tend to be ________ by the private market. a. underproduced b. eliminated c. optimally produced d. overproduced
- Q On 30 June 2020 River Ltd acquired 70% shares in Tributary Ltd for $90,000. The statements of financial position of both companies at that date (but prior to acquisition)...
- Q VineyardVineyard Test Laboratories does heat testing(HT) and stress testing(ST) on materials and operates at capacity. Under its current simple costing system, VineyardVineyard aggregates all operating costs of $...
- Q Which profitability ratio would be equal to the net income available to common stockholders divided by sales? a. Net profit margin b. Operating...
- Q An audit client of a public accounting firm is extensively involved in defence contracting. During the past year, the Defence Department has conducted an ongoing investigation of the client for...
- Q Under the liability provisions of Section 11 of the Securities Act of 1933, a CPA may be liable to any purchaser of a security for certifying materially misstated...
- Q A bond issue with a face amount of $1,000,000 bears interest at the rate of 9%. The current market rate of interest is 11%. These bonds will sell...
- Q The comparative balance sheet of Canace Products Inc. for December 31, 20Y6 and 20Y5, is shown as follows: 1 Dec....
- Q Joetz Corporation has gathered the following data on a proposed investment project (ignore income taxes.): Investment required in equipment $35,500 annual cash inflows $8,600 salvage value of equipment $0 Life...
- Q Acme Company Balance Sheet As of January 5, 2019 (amounts in thousands) Cash 9,000 Accounts Payable 1,200 Accounts Receivable 3,400 Debt 3,600 ...
- Q Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 42,000 direct labor-hours would be required...
- Q Morning Sky, Inc. (MSI), manufactures and sells computer games. The company has several product lines based on the age range of the target market. MSI sells both...
- Q withdrew money for personal use accounting equation
- Q Exercise 1.3(Static) Part b Required: What are the principal accounting reports involved in the financial reporting process and what is the purpose of each report?
- Q On October 1,2020, Jayhawk Company paid $9,600 for a two-year insurance policy on its building. Jayhawk's fiscal year ends on December 31. Which amounts should the Company...
- Q A debtor can discharge his liabilities by paying $7,000 now or $9,000 in 2 years time. If money is worth only 5% compounded quarterly, which is better? Please provide working,...
- Q Fraud involves an intentional embezzlement or theft of funds from a company or the misstatement of financial account balances. This type of fraud that has been committed in our discussion...
- Q Every new venture starts with an entrepreneur and an idea. The idea needs to be screened to determine its feasibility and its feasibility for the entrepreneur in question. You are...
- Q Identify the rule dictating that on sale of an asset a taxpayer need only include the incremental gain in gross income rather than the entire proceeds from the sale....
- Q Sheridan Company issues 5300 shares of its $10 par value common stock having a fair value of $20 per share and 8300 shares of its $10 par value preferred stock...
- Q Dexter Industries...
- Q Then, to complete the case study, you will use Alteryx to create a workflow package file. You will answer the following questions in separate comment boxes in the...
- Q On December 31,2021, the end of its first year of operations, Sunland Associates owned the following securities that are held as long-term investments. On this date, the total...
- Q Fahad was terminated from employment with XYZ company on December 9, 2011. He claimed that the reason for his termination is employment discrimination. He worked as a financial accountant with...
- Q Which principle/guideline requires a company's balance sheet to report its land at the amount the company paid to acquire the land, even if the land could be sold...
- Q Provide an example of a company in California that provides goods or services that are exported or a company that uses goods or services that are imported.
- Q Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given...
- Q Pasadena Candle Inc. projected sales of 800,000 candles for the year. The estimated January 1 inventory is 35,000 units, and the desired December 31 inventory is 20,000 units. What is...
- Q problem 1 (Retirement, Conversion and Treasury Shares) The shareholders equity of Adana Publishing Company shows the following balances: 5% Preference Share Capital, P 50 par value, 20,000...
- Q TB MC Qu. 7-170 (Static) Which of these would you expect... Which of these would you expect to have the highest inventory turnover ratio? McDonald's Corporation - quick...
- Q Gemma is not married. Her son, Kamden, lived with her all year. To claim the filing status of head of household, Gemma must: Live in the U.S. more than half...
- Q If a company fails to adjust for accrued expenses, what effect will this have on that month's financial
- Q An entry recorded with a debit to the prepaid rent account and a credit to the cash account: Multiple select question. does not affect net income increases cash flow...
- Q Question 13 (1 point) Rick is 28 years old and a new homeowner. He is looking to sell his car and tells his friends and neighbours that he...
- Q Please show the complete solution An company bought a telecommunication equipment for 280,000. Other expenses including installation amount to 40,000. The equipment is set to have a 12 years with...
- Q Which of the following is an exception preventing cancellation of debt income from being recognized as taxable? All student loans. ...
- Q Which of the following California taxpayers would have to file an individual tax return for 2022? Group of answer choices A married couple with $5,000...
- Q Only certain expenses can be included in determining the cost of maintaining the home for the head of household or qualifying surviving spouse smiling statuses which of the following...
- Q Assume that a company provided the following information and assumptions from its master budget: Sales budget: Unit sales in June, July, and August are 20,000, 18,000, and 17,000,...
- Q Lion Industries required production for June is 132,000 units. To make one unit of finished product, three pounds of direct material Z are required. Actual beginning and desired...
- Q Silver Company makes a product that is very popular as a Mothers Day gift. Thus, peak sales occur in May of each year, as shown in the companys sales budget...
- Q what is annuety mean in accounting
- Q An example of an internal transaction is the performance of services payment of a liability purchase of an asset or use of office supplies
- Q For the typical city government, the budget has an important influence on the determination of the annual: a.) income tax rate b.) property tax rate c.) sales tax rate...
- Q A gain resulting from the sale of buildings and equipment is not reported as income from operations on the income statement. Group startsTrue or FalseTrue,...
- Q Which of the following statements about users of accounting information is incorrect? a Management is an internal user b Taxing authorities are external users. c Present...
- Q Payroll Fundamentals 1 1) True or False. When amending a Record of Employment (ROE) Web, all the blocks need to be completed on the amended copy. ...
- Q The following information is supplied to you: Standard time for a month : 4000 Hours Standard wage rate : Rs.2.25 per hour Number of...
- Q What is the formula for calculating the debt-to-equity ratio? a) Total Assets / Total Liabilities b) Total Liabilities / Total Equity ...
- Q 7. A trial balance is prepared to: a) Summarize the financial position of the business b) Ensure that...
- Q the town established a central printing fund for the purpose of printing items for the entire government. The general fund made an initial capital contribution of $120,000. What account(s) should...
- Q A product that is purchased from vendors for sale to customers is called a/an: A report that breaks the analysis into operating, investing, and financing activities is called:...
- Q Char and Russ Dasrup have one daughter, Siera, who is 16 years old. In November of last year, the Dasrups took in Siera's 16-year-old friend Angela, who...
- Q qualitative characteristic being employed when companies in the same industry are using the same accounting principles
- Q true or false? the statement of cash flows reports cash receipts (inflows) and cash payments (outflows) for a peroid.
- Q Essentially, stock dividends transfer value from the Retained Earnings account to the Common Stock and (possibly) APIC-CS accounts. A. TRUE B. FALSE
- Q The general factory labour costs are _________ labour costs. Question 13Answer direct budget sunk indirect
- Q Exercise 12-3 Joni Sage Hill Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $22,400 Trademarks 12,900 Discount on bonds...
- Q What is a major disadvantage of using ROI to evaluate investment and company performance?
- Q Exercise 20-19 Novak Co. provides the following information about its postretirement benefit plan for the year 2017. Service cost $ 49,200 Contribution to the plan 10,600 Actual and expected return...
- Q Hurst Mats manufactures custom replacement floor mats for automobiles. The floor mats are made of spun nylon on highly automated, expensive machinery. Hurst manufactures two mat styles: Plush and Deluxe....
- Q Delaware Inc. incurred the following costs in October, 2020, for producing 5,000 units of personalized photo frames. Direct materials, $15,000 Direct labor, $10,000...
- Q ABC Corporation's sales is $3,725,000, cost of goods sold is $2,664,000 and depreciation expense is $243,000. ABC issues (sells) bonds at a 4.65% annual interest rate with par...
- Q an audit should be designed to obtain reasonable assurance of detecting material misstatements due to
- Q Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 pounds of oysters in August. The companys flexible budget for August appears below: ...
- Q imagine i have a company, the company make coffee .have to make marketing plan Marketing Funds Allocation question - Allot funds for your Integrated Marketing Communications (IMC) efforts. Describe...
- Q non-profit accounting - continuous problem - looking for answer key to check my work -
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