Accounting question and answers for October 24, 2023
- Q 6. How does one determine whether a warranty constitutes a separate performance obligation within a contract
- Q Temple Corp. is considering a new project whose data are shown below. The equipment that would be used for 2-year, would be depreciated by the straight-line method over its 2-year...
- Q Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1,2024. Courtney purchased the equipment from Doane Machines at a cost of $252,000, its fair value....
- Q At June 30, 2017, the end of its most recent fiscal year, Flounder Computer Consultants post-closing trial balance was as follows: Debit Credit Cash $ 4,390 Accounts receivable 1,010 Supplies...
- Q when shares of stock are issue in exchange for services, the consideration is measured by? a. the fair value of the services received b. par value of the shares issued...
- Q Read the relevant BCs in IFRS 2, paragraphs BC222 through BC237B. Why does IFRS not allow a reduction in costs of a share-based award when there is a modification...
- Q Bob Barker's dog biscuit company sells dog biscuits. The ingredients for the biscuits cost $1.52 per box and the packaging for each box costs $0.25. Fixed costs are $35,000...
- Q Ford Corporation has 1,200,000 shares of common stock issued and outstanding with a $1.20 par value. If Lincoln declares a one-for-three reverse stock split, how many shares will be issued...
- Q Write a mock email to the board of your government giving at least two recommendations on changes to the budget based on actual amounts for the future year. Make sure...
- Q locate a video (24 months or less) of a current issue specific to distribution, service, or pricing of items or services. What is making the news?
- Q Which of the following is a requirement for classifying a security as amortized cost? Select answer from the options below The security must not be an equity security. ...
- Q when analysis of an investment proposal by the next res e nt value method indicates that the present exceeds the amount to be invested_____
- Q On December 31, Pane evaluates the companys research and development (R&D) activities conducted throughout the year to help develop a new bullet proof glass for the Department of Defense....
- Q Gilly Construction trades in an old tractor for a new tractor, receiving a $29,000 trade-in allowance and paying the remaining $83,000 in cash. The old tractor had cost...
- Q Required information The following information applies to the questions displayed below.) Read the following letter and help Shady Slim with his tax situation. Please assume that gross...
- Q I need the solution of this two math, number 19 & 20. The next two questions are based on...
- Q Post-Lecture Question 02 Direct materials are a Product Cost Manufacturing Overhead Period Cost No Yes No No No No No Yes Yes Yes Yes Yes
- Q Taxpayer's filing status is single, and he takes the standard deduction. For the year 2022, Taxpayer earned $53,625 in salary income and received $5,000 of qualified dividends for the year....
- Q A depreciation schedule for semi-trucks of Murph Manufacturing Company was requested by your auditor soon after December 31, 2021, showing the additions, retirements, depreciation, and other data affecting the income...
- Q Describe the role of the Controller in investor relations.
- Q 3.) B&B Company has numerous emplo information for the most recent wee ompany has numerous employees who are paid on a weekly basis. Payroll mation for...
- Q What is the accountants role in the computer acquisition process? Should the accountant play an active role, or should all the work be left to computer experts?...
- Q On January 1,2024, Pukalanl Corporation had 87,000 common shares, recorded at $591,600, and retalned earnings of $1 million. During the year, the following transactlons occurred: ...
- Q When there is an involuntary conversion of partnership property, can the partners get deferral of gain if the proceeds of the involuntary conversion are distributed to the partners, who then...
- Q 21. Leonard and Linda Lindsay sold for $350,000 in October 2020 their residence that they had purchased in 2010 for $100,000. They made major capital improvements during their 10-year ownership...
- Q Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The companys planning budget for July appears below: Flight Caf ...
- Q A customer wants to add additional work to their original estimate. What are 2 ways to record this change? (Select all that apply) Delete the original estimate ...
- Q All stockholders' equity accounts record increases to the accounts with credits. True False?
- Q What are the common errors and frauds in the personnel and payroll cycle? Which control characteristic are auditors looking for to prevent or detect these errors and frauds? What features...
- Q Budgeted Income Statement and Supporting Budgets The budget director of Feathered Friends Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data...
- Q On December 31, 2018, Perry Corporation leased equipment to Admiral Company for a five-year period. The annual lease payment, excluding nonlease components, is $45,000. The interest rate for this lease...
- Q On December 31, 2024, when its Allowance for Doubtful Accounts had a debit balance of $1,529, Ivanhoe Co. estimates that 7% of its accounts receivable balance of $77,800 will...
- Q On January 1, a company issues bonds dated January 1 with a par value of $470,000. The bonds mature in 5 years. The contract rate is 11%, and...
- Q Toplam karm hesaplamak iin doru forml aadakilerden hangisidir? maliyet? A. Toplam karma maliyet? = (Birim bana deiken maliyet kez Says? birimler) + Toplam sabit maliyet ...
- Q why models are used (1.1) Parameters, data, objectives How models are used (1-2) 12 key steps in modelling process [3page & number [ Don't copy type and take...
- Q Individual Tax Return 2021 John Williams (age 42) is a single taxpayer, and he lives...
- Q Bonita Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product....
- Q paymenS TO aTIOspi D) cosmetic surgery necessary to correct a deformity arising from a congemtar 20. Leo spent S6,600 to construct an entrance ramp and to...
- Q Pickle Motorcycles, Inc. (PMI), manufactures three motorcycle models: a cruising bike (Route 66), a street bike (Main Street), and a starter model (Alley Cat). Because of the different materials used,...
- Q 2. When you first choose Inventory Part item in the New item window of the Item List, which two accounts does QuickBooks look for on the Chart of Accounts List?...
- Q 17. You prepared an estimate for a customer and were subsequently awarded the contract. How would you change the job from pending to awarded? A. By changing the...
- Q Answer this question completely, please type your answer! Thanks 3. give numerical examples of how to calculate the Dow 30 and S&P 500 indices? What are the implications...
- Q Vincent Corporation has 91,000 shares of $110 par common stock outstanding. On June 30, Vincent Corporation declared a 6% stock dividend to be issued on July 30 to stockholders of...
- Q Assume the following account balances at January 1, 20X1: Accounts Receivable (control account) Accounts...
- Q The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reportsthe number of courses and...
- Q Cost Concepts and ABC Instructions: Use the tabs above to navigate back and forth between steps. ...
- Q A government accounts for inventory on the purchases basis. Why must if offset its year-end inventory balance with an addition to fund balance?
- Q Renee is 19 years old, a full time student, and a dependent of her parents. She earns $1,800 from her job as a waitress and receives $3,500 of interest on...
- Q Higgins Corporation is in the process of overhauling the performance evaluation system for its Los Angeles manufacturing division, which produces and sells parts that are popular in the aerospace industry....
- Q Which one of the following will likely use a job-order costing system? Select one: O a. A dairy product company O b. A pencil manufacturing company...
- Q On 11?2012ABC. Inc. enters into a 20-year non-cancelable lease for a piece of machinery owned by xYZ, Inc. The lease calls for annual payments of $20,000, payable at...
- Q Cindy will invest $4000 at the beginning of every year for the next 25 years. Her money will earn 11% compounded annually. If she does not withdraw any of the...
- Q Summarize the impact of foreign exchange rates on a companys financial statements. What risks do foreign exchange rates pose
- Q Government agencies have a different threat than most business or nongovernmental organizations: employees dissatisfied with government policy. Think about your school, your local government, or a government agency: What sensitive...
- Q Sergio and Malena were married for 10 years before Malena unexpectedly passed away in 2021. Sergio has a qualifying child dependent, Tomas (age 6), who lived with him all year....
- Q Help with accounting Question list 1
- Q Required Information The following information applies to the questions displayed below) Iguana, Inc., manufactures bamboo picture frames that sell for $20 each. Each frame requires 4 linear...
- Q berh wased in hudgeve Aitusi rewins for Mer Mhipe these tmou sigou berh wased in hudgeve Aitusi rewins for Mer Mhipe these tmou sigou
- Q Which of the following is a separable item that must be reported by the shareholders of S corporations? A. Charitable contributions B. Interest expense due to indebtedness of the active...
- Q 1. Johnson Corporation (a television company) uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for...
- Q Question 5 Insider Trading involves the buying or selling of a security in breach of a fiduciary duty. True False
- Q On October 1, 2018, Chief Corporation declared and issued a 8% stock dividend. Before this date, Chief had 87,000 shares of $5 par common stock outstanding. The market...
- Q Required information [The following information applies to the questions displayed below.] Westerville Company reported the following results from...
- Q Use the table template to fill in the blanks Situation 3: US dollar depreciates with respect to euro. That makes the import more expensive an export cheaper. A)...
- Q Q 7.16: Sprockets Corporation is thinking about replacing a piece of manufacturing equipment with a remaining useful life of six years. The book value of the equipment is $55,000, and...
- Q Read the assigned passages from Machiavelli's The Prince. respond to them in at least 250 words. Your response should be critical in nature. In other words, rather than summarizing the...
- Q Which of the following statement is always true? Select one: a. Audit is always based on facts and professional judgment is not common. b. The auditors report is addressed to...
- Q Prepare journals:1- material purchased on credit worth 2500 2- material issued to the production department worth 900 3- job completed and transferred to finish goods 850 4- goods sold...
- Q The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: a. The gross...
- Q 16. Application of Time Value of Money Skills Harry Hurler has been playing baseball since he was five...
- Q White Inc. produces cardboard boxes using an automated process. Expected production per month is 38838 units. Direct materials cost $3.18 per unit. Manufacturing overhead costs are all fixed and amount...
- Q At an activity level of 6.000 unts the cost for maintenance $7,200 and 10,000 unts the cast for maintenance...
- Q Buttermilk Bakery has provided the following cost data for the last year when90,000loaves of bread were produced and sold. Raw materials$182,700 Direct labor71,100 Manufacturing overhead184,720 Selling and administrative costs131,170
- Q Windborn Company has 15,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 $56,300...
- Q Required information [The following information applies to the questions displayed below.] Milea Incorporated experienced the following events in Year 1, its first year...
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