Accounting question and answers for November 19, 2023
- Q Describe the accounting procedures when using the direct write-off method to account for uncollectible accounts.
- Q For consideration comprised of bonds that are convertible into voting common stock, Smith acquired Jones assets. Does this transaction qualify as a Type C reorganization? Briefly state your reasoning....
- Q La compaa azul actualmente vende su producto individual por $15. Se estima que los costos variables permanecern en el 70% del precio de venta actual y los costos fijos...
- Q Absentees do not seriously disrupt service and other productive activities if a company implements ______.
- Q Which of the following processes can be used to refine the grain structure? a) Recovery b) Recrystallization c) Grain growth d) Such a process does not exist.
- Q Pick a product that you've purchased this week, and think about where you bought it. Identify one direct material, one direct labor, and one overhead cost associated with that product.
- Q Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $62,400Davis contributing $52,000 Singer contributing $41,600. Their partnership agreement calls for the income (loss) division to be based on the...
- Q A company is taking action to reduce overhead, which have exceeded budgeted amounts. Which of the following functions best describes this process?Multiple ChoicePlanning Coordinating Organizing Decision making Controlling
- Q On January 1, 2020, Bonita Corporation sold a building that cost $251,060 and that had accumulated depreciation of $109,510 on the date of sale. Bonita received as consideration a $241,060...
- Q Golden Enterprises comenz el ao con lo siguiente: Activos $115,000; Pasivos $40,000; Acciones comunes $70,000; Ganancias retenidas $5,000. Durante el ao, la empresa obtuvo ingresos por $6,100, los cuales fueron...
- Q Gamma had income before taxes (book income) of $500 and a tax rate of 30%. Included in this income are $60 in municipal bond interest and $10 in non-deductible fines...
- Q 1) For a bank to accept credit risk, it must expect to be paid either interest at a sufficiently large premium above the risk-free rate or an actuarially fair fee....
- Q THESIS TOPIC: Common shocks in stocks and bonds Please give following points on the Thesis Topic: Common shocks in stocks and bonds Introduction Problem Statement/OBJECTIVE literature summary required in THESIS...
- Q A new equipment costs $369,600 and has 8 year of life and no salvage value, requires 9% return on it's investment, expected annual income for each year (PV of $1,...
- Q ISLAMIC BANKING AND FINANCE COURSE related to Albaraka islamic bank - Links with other departments Albaraka islamic bank write the detail of links of albaraka...
- Q job cost
- Q The General Fund used electricity provided by the city-owned electric utility (an enterprise fund of the city). The governmental activities journal entry to record the transaction will include: ...
- Q Cullumber Enterprises produces giant stuffed bears. Each bear consists of $14 of variable costs and $11 of fixed costs and sells for $47. A wholesaler offers to buy 6,720 units...
- Q x
- Q Asset turnover ratio Financial statement data for years ended December 31, 20Y3 and 20Y2, for Edison Company follow: Line Item Description 20Y3 20Y2 ...
- Q How property tax and title transfer tax are calculated in City of Nanaimo? (M8 & market research) The speculation/vacancy tax is a key...
- Q In a hospital how are overhead or indirect costs allocated to evaluate service lines or areas of business? Is there anything to do differently to properly reflect the performance? Why?
- Q (2) Make an example of an audit of long- lived assets according to the relevant assertions and Write down the 9 substantive audit procedures related to the level of costs...
- Q The taxpayer will receive a refund of costs of an AAT appeal or review if the taxpayer wins the case. Select one: True False
- Q The budgeted income statement presented below is for Griffith Corporation for the coming fiscal year: Picture If Griffith Corporation's income tax rate is 40%, compute the number of units that...
- Q all penalties can be avoided if the taxpayer shows theat the failure to file and or failure to pay was due to reasonable cause and
- Q Accounting in Daily life
- Q When purchase cost regularly rise, the inventory costing method that yields the highest reported net income is
- Q A credit: alwats increases an account. Always decreases an account is on the right side of a t account is the left side of a t account always increases...
- Q Lost Peak ski resort located in Montana caters to day skiers from nearby towns. Last year the company had net operating income of $440,000 on sales of $1,500,000. Lost Peaks...
- Q State the reasons for allocating support department costs to the operating department. What are its various methods? Provide numerical examples of any two methods and discuss how these methods could...
- Q Which item is an auditor least likely to review during a system controls audit?
- Q Under IFRS a company may report either a statement of financial position or a statement of changes in shareholders equity but it need not provide both statements. True...
- Q Hello, I am new to this website. I see that the response is saying not enough information however I responded to the question that was thoroughly asked and answered. It...
- Q Write a complete, that is .data and .code and anything else, assembly language program (but don't bother assembling it) that reads in a string of up to 20...
- Q Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative...
- Q x
- Q Ian gan $150,000 de salario como empleado en 2020. Cunto debera haber retenido su empleador de su cheque de pago para los impuestos FICA (redondeado al monto entero en dlares...
- Q True or false: In addition to the number of rooms sold and Net ADR Yield, when evaluating the effect of a distribution channel on the hotels profitability, it is important...
- Q A taxpayer cannot object to PAYG tax deductions. Select one: True False
- Q Choose any global organization and explain the organizational theory used in the same organization and what problems this organization faces and discuss how you can support the organization to solve...
- Q X Ltd. manufactures plastic products and sells them for SAR 350 per unit. The firm's variable cost per unit is SAR 90, while its total fixed costs are SAR 110,000....
- Q a standard clean audit option basicaly says the financial statements are?
- Q The standard costs and actual costs for direct materials for the manufacture of 2,190 actual units of product are as follows: Standard Costs Direct materials...
- Q The principal that requires expenses to be reported in the same period as the revenues that were recognized as a result of those expenses is the
- Q define need of Accounting in auditing
- Q Identity Of African Dance
- Q x
- Q 96. Prepaid rent appearing in trial balance should be shown in A.Trading account B.Profit and loss account c.Liabilities side of balance sheet D.Asset side of balance sheet
- Q Q1. Explain how Break-even point can affect financial and investment decision for any company? 350 words please write by word not by hand
- Q Explain with examples the distinct conceptual descriptions of the claims made by the management in the financial statement, and how these claims are evaluated by Auditors in the financial statement...
- Q On Schedule C(form 1040), a sole proprietor can potentially deduct what after calculating the tentative profit. A. One-half of self-employment tax B. Office-in-home expenses C. Qualified Business income deduction D....
- Q On January 1, The Parts Store had a $510,000 inventory at cost. During the first quarter of the year, it purchased $1,650,000 of merchandise, returned $26,100, and paid freight charges...
- Q In rare cases, auditors have been held liable for criminal acts. A criminal conviction against an auditor can result only when it is demonstrated that the auditor: Select one: a....
- Q Which of the following statements regarding contribution margin is correct? Select one: a. A decline in total sales will reduce the contribution margin. b. An increase in contribution margin will...
- Q Unearned revenues are increases in assets as a result of delivering products or services to a customer assets that will be used overtime decreases in an asset transferred to...
- Q Asset disposal A/c is prepared when _______. (a) Provision for depreciation A/c is prepared (b) Asset A/c is prepared...
- Q Asset disposal A/c is prepared when _______. (a) Provision for depreciation A/c is prepared (b) Asset A/c is prepared...
- Q El uso de una cuenta controladora de Cuentas por Pagar. A) Reduce el nmero de cuentas en el libro auxiliar. B) Reduce el nmero total...
- Q Question: Which budget focuses on expected cash inflows and outflows over a specific period? a) Operating budget b) Cash budget c) Master budget d) Capital budget
- Q EMPLOYEE TOTAL DEDUCTIONS SALARY TAX CPP EI BERT LAMONT $ 2 , 6 0 0 $ 3 9...
- Q Which of the following is fixed asset? A. Bank balance B. Manufactured stock of goods C. Goodwill D. Small tools
- Q Explain why a well-structured Chart of Accounts is necessary to help produce ad-hoc management reports. Use an example to explain your answer.
- Q 25 Auerbach Inc. issued 8% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $325 million. The bonds pay...
- Q with all the benefits generated from implementing the accounting information systems (AIS), yet many risks threaten the success of such systems. Highlight such risks through answering the following: 1. What...
- Q Can i get some flowcharts for this question
- Q Question 8 of 30. Stan uses his personal vehicle in his sole proprietorship. He keeps no records of any kind regarding his business use of the car...
- Q allow a financial intermediary to offer safe liquid liabilities such as deposits while investing the depositors' money in riskier illiquid assets. A) Diversification; high equity returns B) Price risk; collateral...
- Q Assume an S corp. has accumulated E & P of $1,000, AAA of $5,000 and makes a $7,000 cash distribution to the shareholder. Also assume the shareholder's basis in the...
- Q Review the acquisitions journal, cash disbursements journal, general ledger, and accounts payable master file for large or unusual amounts. Identify the related audit objective. A. Accuracy. B. Presentation. C. Posting...
- Q Asset disposal A/c is prepared when _______. (a) Provision for depreciation A/c is prepared (b) Asset A/c is prepared...
- Q 1: Hatem company discovered the following errors made in January 2023. 1. A payment of salaries expenses of 800 was debited to equipment and credited to cash , both for...
- Q Si una empresa utiliza un sistema de inventario peridico, el mtodo de utilidad bruta se puede utilizar para estimar el inventario para los estados de cuenta mensuales o trimestrales. ...
- Q Direction: Match the items in column A with the items in Column B. Write the letters only in the space provided.
- Q How do I book insurance proceeds on a loss or damaged property
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