Accounting question and answers for November 18, 2023
- Q Calculate the office in the home income tax deduction: Bedroom #1 (10x12) Bedroom #2 (13x 15) Bedroom #3 (16x 14), Livingroom (15X14) Kitchen 9x14 Bathroom #1 (8x14) Bathroom #2 (6x8)...
- Q De la isla de Hula: Decisiones estratgicas que involucran costos y beneficios de los programas de publicidad en Internet Estudio de caso Aunque la isla de Hula es rentable...
- Q Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Activities...
- Q Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Activities...
- Q A taxpayer can seek an extension of time to lodge an appeal with the Federal Court. Select one: True False
- Q Management believes that maintenance cost is a mixed cost that depends on direct labour hours. Using the high-low method to estimate the variable component of this cost, the estimate...
- Q a. What is the present value of $200,000 to be paid at the endof 10 years, assuming an 8% interest rate?b. What is the present value of $20,000 per year...
- Q Calculate the vehicle deduction for 2021 Income Tax purposes when the UCC on a class 10 vehicle was $22,000 in 2019.The vehicle expense is $13,000.00 in 2021. Note: In 2021...
- Q The gain or loss realized on the sale of a capital asset is considered a long-term capital gain or loss only if
- Q Systematic selection is used to select a sample under PPS sampling but cannot be used to select a non-stat sample. True False
- Q Mayson Company produces wooden craft table. The company is completing its fifth year of operations and is preparing to build its master budget for the coming year (2020). The budget...
- Q Do you agree with this statement? Justify your argument giving three reasons.
- Q A firm with annual sales of $8,700,000 increases its inventoryturnover from 4.5 to 6.0. How much would the company save annuallyin interest expense if the cost of carrying the inventory...
- Q A U.S. corporation that does business internationally can have both outbound transactions and inbound transactions. Identify the major U.S. tax issues that apply to each type of transactionoutbound and inbound....
- Q At January 1, 2019, Sunland Company has beginning inventory of 1000 surfboards. Sunland estimates it will sell 12000 units during the first quarter of 2019 with a 12% increase in...
- Q Option A: If Tony and Susie asked you to invest in their business by purchasing stock, how much (if any amount) would you be willing to invest?
- Q Which of the following statements does not properly describe accounting for OPEB (other post-employment benefits) plans? Group of answer choices a. Losses related to OPEB arise from a decrease in...
- Q What is the correct income
- Q I need a US labor law comic strip (original because it will be subjected to plagiarism scan) that addresses age discrimination law, unemployment law, reasonable accommodation law, and sick leave...
- Q Calculate the amount of Julia's vehicle expense deductin by entering the required information into the boxes
- Q Burlingame Co. is purchasing a new forklift to be used in its warehousing operations. Burlingame borrowed $120,000 from its bank in return for an installment note with 8% interest. Burlingame...
- Q Excel can create many different kinds of charts. The variations within each chart type are almost limitless. Charts provide a visual representation of the data selected and often are a...
- Q define need of Accounting in auditing
- Q Legislation determines;
- Q You are the manager in charge of room revenue for the Victorian Villas hotel. The budget for the property included 6200 room nights at an ADR of 225 dollars for...
- Q Need a cashflow statement.
- Q A long-term investment in debt securities is carried at a) cost b)lower of cost or market c) equity d) market
- Q This week you were introduced to managerial accounting and cost methods. Discuss the differences between fixed, mixed and variable costs by providing two examples of each type of cost. Why...
- Q Which three different transfer prices on a per unit and total basis for Prab to consider?
- Q x
- Q uintero Printing has the following information on their Form 941: (Assume no Section 125 health insurance and that none of the employees had exceeded the Social Security wage base What...
- Q Question 5 Happy Ltd. purchased a new 12 seater Vehicle for $64000 and donated it to a school where the children of employees were studying. Examine whether A Ltd...
- Q Under variable costing, fixed manufacturing overhead costs are a manufacturing overhead costs are a _cost. product, period period, product period, periodO product, product
- Q Current Ratio and Quick (Acid-Test) Ratio Upton Company has current assets equal to $2,885,000. Of these, $1,100,000 is cash, $1,105,000 is accounts receivable, and the remainder is inventories. Current liabilities...
- Q Circle the letter of the best response. 1. When the allowance method is used, the entry to write off a customers account A. increases uncollectible-account expense. B. has no effect...
- Q In the context of project management, explore the key factors that contribute to the success or failure of large-scale projects within organizations.
- Q (1) Write down the more and the less reliable evidences in audit and What are the examples of internal and external documents in audit
- Q Company XYZ has a Marin of Safety in Dollars of $30,000. Fixed costs are $60,000, contribution margin ratio 30%, and tax rate 40%. Given this information what is the...
- Q Superware, Inc. produces multiple products out of a common input. Geratin is one such product, which has a sales value of $15,000 at the split-off point. Joint costs allocated to...
- Q Cul de las siguientes cuentas tiene un saldo acreedor normal?) Devoluciones de ventas y prestaciones Descuentos de ventas Los ingresos por ventas Costo de los bienes vendidos
- Q 1. On January 2, Apple Company purchases factory machine at a cash price of $60,000. Related expenditures are sales taxes $2,000, Insurance after the installation is $200, Installation and testing...
- Q Using the indirect method of determining cash flows from operating activities, would you add or subtract Accounts Receivable to/from Net Income?
- Q 3. La Compaa ABC emitir $5,000,000 en bonos al 6% a 10 aos cuando la tasa de inters del mercado sea del 8%. Los intereses se pagan semestralmente. Requerido:...
- Q The Fitness Studio, Inc.s, 2021 income statement lists the following income and expenses: EBITDA = $961,000, EBIT = $783,000, interest expense = $138,000, and taxes = $225,750. The firm has...
- Q Douglas borrowed $3,000 from the Anna for 234 days at an interest rate of 3.5%, How much does he have to pay her at the end of the borrowing period?...
- Q Assets are shown in balance sheet in order of A. In order of permanence B. On market price C. On Book value D. On the basis of liquidity
- Q Record the sale by Balus Company of $133,000 in accounts receivable on May 1. Balus is charged a 4.00% factoring fee.
- Q The following information relates to the manufacturingoperations of O'Shaunessy mfg Co. during the month of March. Thecompany uses job odrering cost. Prepare a general journal entries to summarize:...
- Q Govind, Hari and Pratap are partners. On the retirement of Govind, the goodwill already appears in the balance sheet at Rs. 24,000. The goodwill will be written off by A....
- Q hxjskkddbdbdhhdjdjdjd dhhdhdjd dont answer 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....
- Q Klumper Corporation is a diversified manufacturer of industrial goods. The companys activity-based costing system contains the following six activity cost pools and activity rates: Activity...
- Q Critically discuss the use of digitization to broaden the tax net.
- Q Crane Company sells its product for $30 per unit. During 2022, it produced 27500 units and sold 15000 units (there was no beginning inventory). Costs per unit are: direct materials...
- Q 4 examples of accrual concept
- Q Which of the following investments below should be accountedfor using the cost method? a) tempory investments in stocks b) long-term investments in stock where the investordoes not have a significant...
- Q Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year ...
- Q 69. According to which of the following concepts, fixed assets are depreciated over their useful life, rather than over a shorter period, on the expectation of early liquidation? A. O...
- Q 10. If adequate maintenance expenditure is incurred, there is no need of charging depreciation. a. True b. False
- Q Write a one page paper to address the following: 1. Identify an important decision made or could be made in the future by your organization or your previously chosen biotech...
- Q Please answer with reason for all why the option is correct and why the other options are incorrect 31. Commercial accounting is based on A. O Single entry book keeping...
- Q 1.Describe, in your own words, how the cost of a product or product is determined service in a company. 2. Explain, in your own words, how the selling price of...
- Q Provincial labou/employment standards legislate:
- Q How to calculate the depreciaton for 4 wheeler?
- Q Robert and Kelly invited Ben to join them in forming Aero, a plane-chartering company, as a corporation. Ben did not want to join at the time and declined their invitation....
- Q 20. When should a server begin looking for signs of impairment?
- Q Beth's business purchased only one asset during the current year (a full 12-month tax year). On December 1 Beth placed in service machinery (seven-year property) with a basis...
- Q Question ABC Company has a budgeted normal capacity of 10,000 labor hours, with a standard production of 8,000 units at that capacity. Standard Cost are as follows; Material 2 KG...
- Q which of the following taxpayer is required to file schedule b with their 2023 tax return?
- Q Company A owns 35% of the common shares of company B and company B earned profits of 100million and paid a common dividend of 20 million. how would the ownership...
- Q p11-15 Accounting for internally developed patents versus purchased patents and making intercompany comparisons Consider the following tow scenarios: Scenario 1: over the 20x1-20x5 period, Mocro Systems,...
- Q Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $290,000. He sold the home on January 1, 2019, for $312,700. How much gain must Troy recognize...
- Q what type of evidence is the easiest for an auditor to get?
- Q If the selling price is $20.80 per unit, the contribution margin per unit sold is closest to:
- Q Thompson Wood Products has credit sales of $2,160,000 and accounts receivable of $372,000. Compute the value of the average collection period. (Use a 360-day year.)
- Q Which earnings per share amounts are reported in a complex capital structure? basic and diluted EPS. diluted EPS only. basic EPS only. basic and simple EPS.
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