Accounting question and answers for October 21, 2023
- Q Nelson Company provides the following information for the month ended October 31, 2017: sales on credit $360,800, cash sales $106,800, sales discounts $6,300, and sales returns and allowances $10,900. Prepare...
- Q Which of the following is correct? A.The noncontrolling shareholders claim on the subsidiarys net assets is based on the book value of the subsidiarys net assets. B.Only the parents portion...
- Q Roger Barton hummed along to a seasonal carol on the van radio as he made his way over the dark and icy roads of Amherst County, Virginia. He and his...
- Q A company uses the following standard costs to produce a single unit of output. Direct materials 8 pounds at $0.70 per pound = $5.60 Direct...
- Q please help me in requirement 4 and 5 Part 7 of 9 Davis & Company is...
- Q I Require all the jounal entries of this question sir and 2nd part also done it 45 minutes sir ...
- Q On December 1, 2020, Snow Unlimited Resorts, Inc. factored $400,000 of accounts receivable with Fast Eddies Overnight Cash Quick Finance Company on a without recourse basis. Under the arrangement,...
- Q A 14 year loan with monthly repayments of $551.87 has 4 years remaining. Interest is being charged at the rate of 4% pa. Calculate the money you loan from the...
- Q Help Save & E 0 Required information The following information applies to the questions displayed below. Milea Inc. experienced the following...
- Q Find amount that should be set aside today to yield the desired future amount. Future amount needed $3000, interest rate 2%, compounding period semiannually, investment time five years.
- Q a) Prepare an income statement and Balance Sheet and Statement of Retained Earnings
- Q 0.41 polints Net sales Cost of goods sold Ending inventory S 250,000 180,000 55.000 45,000 invetory b. Caloulate the...
- Q 13 El 1 de abril del ao 5, una empresa descart una mquina que haba costado $10 000 y tena una depreciacin acumulada de $8 000 al 31 de diciembre...
- Q 4. What is a multiple-element transaction? Give two examples of these and discuss how AASB 15/IFRS 15 applies to such transactions
- Q Elsa is the auditor for Frozen Sdn. Bhd. During the course of auditing, she discovered that Frozen Sdn Bhd had overstated their past year profits and overpaid the dividends to...
- Q 2020 (1.5 marks) (1.5 marks) (2.5 marks) (2 marks) (1 mark) (3 marks) (3 marks) 31 2020 33 (1 mark) (1 mark) (2 marks) (1 mark) 34 35...
- Q List the main differences between the net income and cash-flow from operations as two performance measures
- Q HotPizza is an Italian pizza shop. It offers loyalty discounts as a means to increase sales and also to encourage loyalty. The loyalty discounts allow customers to obtain 1 pizza...
- Q On July 1, 2020, *** Inc. acquired equipment for concert performances at a cost of $18,700. The band estimates it will use this equipment for 5 years, during which time...
- Q Please help me with my case study. I've written 10 questions under the case. Please feel free to deduct alloted questions. Badly need it. Your course unfortunately doesnt...
- Q Which of the following are correct regarding why management uses internal controls? (Check all that apply.) Multiple select question. promote efficient operations. protect assets. reduce vendor payables. ensure reliable accounting....
- Q LIME Co. decided to construct a building to expand its operations. The entity decided to obtain a 5-year loan from MAROON Bank for P10,000,000 at 12% on December 31, 2019,...
- Q The amount to be recorded as the cost of an asset under finance lease is equal to the A. present value of the lease payments B. present value of the...
- Q The following information is available for Pharoah Corporation: The number of shares to be used in computing earnings per share for 2025 is 8855833.5347400.8551500.8590500.
- Q Which act regulates reporting of publicly traded companies and mandates certain practices for financial record keeping
- Q Multiple-step income statement. Shown below is revenue, expense, gain, and loss information for AAA Corporation for 2019. Administrative expense 215,000 Cost of merchandise sold 408,500 Interest expense 13,000...
- Q Question 1
- Q When Snowdrop City receives goods at a cost of $9,700 that were encumbered in the prior year for $10,000, which of the following entries are required (assume that encumbrances lapse...
- Q Consolidation: Non-controlling interests On 1 July 2016, Peaceful Ltd acquired 80% of the shares of Serene Ltd on an ex div basis for $305,600. All the identifiable assets and liabilities...
- Q Zumer Ltd owns 45% of the voting shares in Ryder Ltd. The accountant of Zumer is considering whether Zumer should prepare consolidated financial statements. Required: Provide your advice to the...
- Q prepare a post closing trial balance for Swifty Fasion Center. (theres only 10 accounts on the post closing trial balancesomebody answered this question already but there were 20 accounts and...
- Q En qu diario se registrara una compra de inventario en efectivo? a. diario de compras b. Diario general ...
- Q Are points paid by homebuyers on Veterans Affairs (VA) and Federal Housing Administration (FHA) loans deductible in the year the house is purchased? Database to search: revenue procedures Keywords: loan,...
- Q Kathy is 48 years of age and self-employed. During 2019 she reported $136,000 of revenues and $54,400 of expenses relating to her self-employment activities. If Kathy...
- Q Berry Corporation has 50,000 shares of P10 par ordinary shares authorized. The following transactions took place during 2020, the first year of the corporations existence: Sold 5,000 ordinary shares for...
- Q why do the idiots on here keep giving me the wrong answers? it is so frustrating, I don't want to take accounting I am forced to, and I am not...
- Q What amount must you put in the bank today if you will need $10,000 in 8 years for the cost of your childs college education? The bank will provide you...
- Q 1) Moving to another question will save this response. Question 2 When an organization submits a formal ethics policy, what is included
- Q Explain the 5 advantages of having internal Audit Function in the organization?
- Q Given non-current assets of pound40,000, current assets of pound12,000, current liabilities of pound5,000, and non-current liabilities of pound10,000, owner's equity will be: A. pound37,000 B. pound67,000...
- Q It is carried out until the specified period of time or until it is discontinued by another order; it may or may have a termination date
- Q In recent years, Crane Corporation has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation...
- Q Dayton has forecast sales to be $211,000 in February, $274,000 in March, $291,000 in April, and $312,000 in May. The average cost...
- Q Case study 2 - Financial analysis of Boat Builders Pty Ltd* CASE STUDY Learning objectives After completing this case study, you should be able...
- Q Companies are concerned about the cost of extending credit for all the following reasons except the: a. expense of the extra goods that must be produced or purchased for resale....
- Q ace company acquires billings company in a combination accounted for as an acquisition and adopts the equity method to account for investment in billings. at the end of 4 years...
- Q Please help me fill in the empty boxes below and the Porduction cost per helmet at the end. Ohno Company specializes in manufacturing a unique...
- Q Bentley Company owns a subsidlary In Indla whose balance sheets in rupees (R) for the last two years follow: Bentley formed the subsidlary on January 1, 20X6, when...
- Q If the overhead rate is computed annually based on the actual costs and activity for the year, the manufacturing overhead assigned to any particular job can be computed as soon...
- Q how much are the total liabilities? what is the amount for net accounts receivable?
- Q please explain about the The operating cycle of the company. Instructions: Read the scenario and then access the data worksheet below. Review the grading rubric, which provides tips...
- Q Visit the Securities and Exchange Commission's website at www.sec.gov. What is shown on their EDGAR database and how can it help you?
- Q ALL ENTRIES ARE FOR BLUESTAR AIRLINES On September 1st, 2024, BlueStar Airlines purchases a Lexus RXL vehicle for $50,000 in cash. The life of the vehicle...
- Q Trader Investments completed the following transactions during 2024: (Click the...
- Q put journal entries including closing entrys for revenue and expenses On January 1, 2021, the general...
- Q Please assist. 1. Use your spreadsheet to recalculate the ratios and enter your results here: Note: Round your answers to 2 decimal places
- Q Jack Company vende su producto a $11 000 por unidad. Los costos variables por unidad son: manufactura, $6,000 y venta y administracin, $125. Los costos fijos son: $30 000 de...
- Q thank you B C D E F G H I J K L N O P Q LR 1 2 3 Section 1 Determine the changes...
- Q An entity has net assets with a carrying amount of GH420,000. Value in use has been calculated as GH480,000. Several years earlier, the entity had acquired another business....
- Q almone Company reported the following purchases and sales for its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of oods sold using...
- Q Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $2,400 and the variable cost per cup of...
- Q Providing for doubtful accounts
- Q Cotton White, Incorporated, makes specialty clothing for chefs. The company reported the following costs for the current year: Required: Compute the cost of direct materials for Cotton...
- Q QUESTION I Company sells for $5,100 per unit and which comes with a standard one-year warranty. The company also offers its customers a separate three-year extended warranty, commencing after the...
- Q an offeror must request a debriefing in ____ calendar days after the date on which they notice of exclusion from the competition
- Q Assuming you were requested to produce an annual report as the PR manager for a Bank Ltd,explain in detail what the report is likely to contain
- Q Use the following information as of December 31 to determine equity. Mutiple Choice $57,000 $141,000 $297,000 5430.000
- Q Question 1. The key to successful business operations is effective inventory management. Do you agree? Explain. 2. An item must possess two characteristics to be classifi ed as inventory by...
- Q The objective of financial reporting is to provide information about the financial position, performance and as well as changes in financial position of a business in order to assist in...
- Q On January 1, 2024, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building...
- Q Assume that Hart corporation's comparative balance sheet reported these amounts: December 31 2017 2016 Plant and Equipment..................................... $625,000 $609,000 Less: Accumulated Depreciation................... $155,000 $135,000 Net Plant and Equipment..................................
- Q Cancelacin de inventario Brown Company tiene disponible la siguiente informacin con respecto a cada unidad de su inventario: Precio de venta $5,200 Costos de terminacin 250 Costo...
- Q Cul de las siguientes NO es una entrada de efectivo de una actividad de financiacin? Todos estos son entradas de efectivo de una actividad de financiacin. ingresos de una hipoteca...
- Q Which of the following is a passive activity? Group of answer choices Working part-time as a consultant Owning a 10% Limited Partnership interest in a partnership...
- Q An activity that is performed for a specific customer is a(n): Multiple Choice facility-level activity. unit-level activity. product-level activity. batch-level activity
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!