Accounting question and answers for November 19, 2023
- Q The Material Supplies account at Dar Al Fatina shows the following transactions: Material supplies purchased for cash AED1,000, additional supplies purchased for cash AED500, material supplies purchased on account AED3,500....
- Q At January 1, 2020, Ivanhoe Inc. had accounts receivable of $71,000. At December 31, 2020, accounts receivable is $50,000. Sales revenue for 2020 total $417,000. Compute Ivanhoes 2020...
- 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 Choose an organization, analyze its organizational behavior, discuss organizational behavior issues in the organization, and find solutions to organizational behavior issues within the organization. (No less than 1000 words)
- Q Calculate child tax credit,adoption credit ,ede[endent credit Name : Missy Harken SSN: 365-00-2131 DOB: September 2,2012 Relationship: Daughter Time in household:...
- Q Recent financial statements for Emerald Limited appear below as well as income statement for the latest year. Emerald Statement of Financial Position 2020 and...
- Q Which of the following would likely be considered an internal user of accounting information rather than an external user?Multiple ChoiceMiddle-level managers Government agencies Lenders Stockholders Consumer groups ...
- Q A company shows the following balances: sales revenue $1,000,000 cost of goods sold. $560,000 sales revenue and allowances. $180,000 sales discounts. $30,000 operating expenses. $100,000 What is the gross profit?
- Q Estimating manufacturing overhead rates and applying overhead is a waste of time since you dont know what the actual cost will be. Moreover, it creates inaccuracies in the cost of...
- Q Manufacturing overhead rate is 90% of direct labor cost journal entry
- Q CHAPTER THREE 3-1 INTRODUCTION The source documents in this supplement are presented in the order they appear in the chapters, but without any keystroke instructions. The source document numbers...
- Q A dairy allocates the cost of unprocessed milk to theproduction of milk, cream, butter and cheese. For the currentperiod, unprocessed milk was purchased for $240,000, and thefollowing quantities of product...
- Q Dick owns a house that he rents to college students. Dickreceives $750 per month rent and incurs the following expensesduring the year. Real estate taxes $1,250 Mortgage, interest$1,500, Insurance $375,...
- 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 In the correct of the real estate professional exception to the passive activity loss (PAL) rules, making the aggregation election to attain real estate professional status: a. May or may...
- Q A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share. The entry to record this transaction would include
- Q purchases services from suppliers on account and sells its products to distributors on short-term credit. do each of these events affect net income faster than they affect net...
- Q A company uses 8900 pounds of materials and exceeds the standard by 500 pounds. The quantity variance is $2700 unfavorable. What is the standard price? $1.8 Cannot be determined from...
- Q El supuesto de entidad comercial significa que a.una entidad est organizada de acuerdo con los estatutos estatales o federales b. la entidad es una unidad econmica individual...
- Q QUESTION TWO [30] 2.1 Discuss the 3 popular authoritative sources of ethics. Provide examples of each. (15) 2.2 Evaluate the Relativist and the Non-Cognitive argument and provide your own opinion...
- Q Crane Inc. (CI) is a widely held, publicly traded company that designs equipment for tuning musical instruments. Information about its shareholders' equity is as follows. Share capital...
- Q Discuss the appropriateness of presenting the profits obtained on treasury shares as revenues in the financial statements
- Q Novak Corp. tiene 6000 acciones del 5%, valor nominal de $100, acciones preferentes acumulativas y 12000 acciones ordinarias de valor nominal de $1 en circulacin al 31 de diciembre de...
- Q Outline the five methods discussed in this chapter that entities can use to manage earnings. Discuss the circumstances in which entities are likely to use each method.
- Q Martinez Company's ending inventory includes the following items: Product Units Cost per Unit NRV per Unit Helmets 22 $ 50 $ 54 Bats 15 78 72 Shoes 36 95 91...
- Q please Journalize adjusting entries from the following data: Heidi Jara opened Culver's Cleaning Service on July 1,2022. During July, the following transactions were completed. July 1...
- Q The revenue tecognition principle stated that conpanies typically record revenue
- Q The depreciation charged on an asset will be credited to ________. (a) Depreciation A/c (b) Asset A/c ...
- Q What are the requirements for becoming a Certified Management Accountant?
- 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 9. Express each of these sets using a regular expression (5 pts each). a. The set of strings with less than 4 bits. b. The set of strings where every...
- 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 How does the work of an Internal Auditor differ from that of an External Auditor (Public Accountant)? Identify a minimum of two differences and elaborate. How is the work similar?...
- Q Firm A had the following selected items on its balance sheet: Cash $ 28,000,000 Common stock ($50 par; 2,000,000 shares outstanding)100,000,000 Additional paid-in capital 10,000,000 Retained earnings 62,000,000 How would...
- Q how to fill a 1040 irs form with this info
- Q Many businesses exist as partnerships between two or more people. While this can be a good way to operate a business there are many considerations such as the rights and...
- Q The pensionable and insurable earnings review identifies remittance deficiencies of
- Q Vasa is an ordained minister. His church provides him a housing allowance, all of Question 17 of 30. Why might a military taxpayer want to consider making...
- Q x
- Q On January 1,2025, Ivanhoe Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 10,600 shares $1,060,000 ...
- Q The process or function of paying employees in exchange for the services they perform is referred to as canada labour code
- Q Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flows (indirect method) for ATM Software...
- Q How long can a taxpayer carry for a 2023 net operating loss?
- Q 1. In one sentence each for each of the following tool of financial analysis, what does higher ratio tell you? I. Current ratio II. Average collection period III. Account...
- Q Which accounting methods should be used to value a company's investment in another company when it holds: Insignificant influence, significant influence or control over the company it is investing in?
- Q what is trucks classification in business: long term liabilities, plant assets, equity, intangiable assets, long term investments, current assets, current liabilites, not on balance sheet
- 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 Question: What is the formula for calculating the contribution margin? a) Sales Revenue - Variable Costs b) Sales Revenue - Fixed Costs c) Gross Profit - Operating Expenses d) Net...
- Q What are the three forms of business organization. Why is it easier for a corporation to raise large amounts of capital than it is for a partnership ? What...
- Q The following data is extracted from the books of ABC ShoeCompany for the year 2008. The company sold 100 units during theyear. Variable cost per unit is Rs.60 Fixed cost...
- Q discuss the causes of differences in financial reporting and its regulation (giving relevant examples of the effects) between Bahrain and Japan.
- Q please help guide me how to enter this using MS Excel
- Q QS 20-15 (Algo) Selling expense budget LO P1 Zilly Company budgets sales of $185,000 for June. Zilly pays a sales manager a monthly salary of $7,000 and a commission...
- Q The depreciation charged on an asset will be credited to ________. (a) Depreciation A/c (b) Asset A/c ...
- Q The abbreviated consolidated financial statements of Print Inc. and its subsidiary, Set Inc., for the two years ended December 31, Year 5, and Year 6, are presented...
- Q Match the "goods of work" as defined by Gheaus and Herzog with their definition. Contribution Answer 1 Question 7 Choose... Excellence Answer 2 Question 7 Choose... Recognition Answer 3 Question...
- Q Changes under TCJA suspension of exclusion for qualified bivycle communing Termination of dedujction
- Q 2. Winsomes Watch Company has a balance in his Cash Ledger Account of $42,000 at July 31st 2024. Winsome receives her Bank Statement which shows...
- Q ABC Co. signed a contract to export 200 M/T of beans. The letter of credit stipulated, Partial shipment not allowed. When the shipment was being made, the exporter loaded 100...
- Q I'm reading chap 6 of Financial Accounting (5th ed Kimmel) and stuck on E6-7. Help
- 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 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 4 Layla, the owner of Bubur Cedok, sells only one product, porridge. The selling price of each porridge is RM6. The average variable cost is RM3.50. The total fixed cost...
- Q on march 1, 19X8, Carol Lilian opens a business. the following transactions occurred in the first ten days of businessmarch 1 lilian deposited $15,000 in the business bank account march...
- Q 84. The first accounting standard issued by the Accounting Standard Board of India (ASBI) relates to: A. O Valuation of Inventories B.Depreciation Accounting C.Disclosure of Accounting Policies D. O Revenue...
- Q Minimum distributions upon reaching a certain age are a requirement of which type of plan Only Roth IRAs Only employer-sponosored plans Only traditional IRAs Employer-sponsored...
- Q 1. You are an accountant. Your client, a franchisor, asked you for advice regarding the recognition of revenue from a franchise contract. Your advice to your client would most certainly...
- Q Use audit software to examine the acquisitions journal for duplicate entries to a vendor. Identify the related audit objective. A. Accuracy. B. Presentation. C. Posting & summarization. D. Occurrence.
- Q Mostly in financials, risk of portfolio is smaller than that of assets A. mean B. weighted average C. mean correlation D. negative correlation
- Q Las empresas del sector servicios tienen costos inventariables?
- Q Thirteen years ago, Mr. Lawton rolled a $18,000 retiring allowance into an RRSP that subsequently earned 10.1% compounded semiannually. Four years ago he transferred the funds to an RRIF. Since...
- Q You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4500 per month. You have access to an...
- Q Cost of capital from all the sources of funds is called A. Specific cost B. Composite cost C. Implicit cost D. Simple Average cost
- Q A 50000 loan made on january 1, 2010 is to be repaid over 25years with payments on the last day of each month, beginningjanuary 31,2010. if i(2) = 10%, find...
- Q On January 1 of the current year, the Oleg Konisovskiy Company purchased machinery for $127,000. The machinery has an estimated useful life of 5 years and an...
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