Accounting question and answers for October 24, 2023
- Q Charles, a higher rate taxpayer, made a gross pension contribution of 15,000 in 2019/20 & 20,000 in 2020/21 (with no contribution in 18/19 as he wasnt a member of a...
- Q Josh Ltd is an online business that sells clothes ans shoes. The company has been trading for two years and has grown considerably. Find below the company's trial...
- Q What is the mathematical formula known as the fundamental accounting equation? Explain the meaning (all three items included) of the fundamental accounting equation. Also what is its relation to the...
- Q The Berndt Corporation expects to have sales of $12 million. Costs other than depreciation are expected to be 70% of sales, and depreciation is expected to be $1.8 million. All...
- Q Academy Driving School reported the following amounts in its financial statements: Year 1Year 2Number of common shares12,90012,900 Net income$43,860$38,860 Cash dividends paid on common stock$2,600$2,600 Total stockholders' equity$380,000$360,000 ...
- Q Question 30 Robbery differs from burglary in that burglary requires the use of force. O True False
- Q Tom and George form T and G Corporation. Tom transfers machinery worth $100,000 with a basis to Tom of $40,000, while George transfers land worth $90,000 with a basis to...
- Q Investigate the impact a budget has on a healthcare organization by providing accountability and direction. Select an area of the organization that needs to be included in the budget. What...
- Q Compare and Contrast between Traditional Costing and Activity-based costing
- Q 1. A tax client wants to know the difference between getting a tax deduction and a tax credit. Compare and contrast the two concepts. 2. Please inform your tax client...
- Q Check Mar. 23 Issued Check No. 418 to Ryan Co. in payment of the invoice of March 13...
- Q CORPORATE TAX RETURN PROBLEM 1 Required: Complete Alvin's Music Inc.'s (AMI) 2018 Form 1120, Schedule D, and Schedule G (if applicable) using the information provided below. ...
- Q A $2.00 decrease in a product's variable expense per unit will: Multiple Choice have no effect on the contribution margin ratio. increases the units sold needed to breakeven. decrease the...
- Q Colby Corporation has provided the following information: Operating revenues from customers were $199,700. Operating expenses for the store were $111,000. Interest expense was $9,200. Gain from...
- Q Proceeds from Notes Payable On January 26, Elegant Co. borrowed cash from Conrad Bank by issuing a 60-day note with a face amount of $42,000. Assume a 360-day...
- Q There are different types of measures of variability in business statistics. Discuss the purpose and importance of measures of variability in statistical applications in business statistics. Why the study of...
- Q La propiedad y las operaciones de Fillon Corporation incluyen dos plantas de fabricacin, una en el estado A y otra en el estado B. La planta ubicada en A gener...
- Q Sally has a holiday home in Cornwall that she is now considering letting out commercially. To gain certain tax advantages it must qualify as a furnished holiday let which means...
- Q WP Corporation produces products x,Y, and Z from a single raw material input in a joint production process. Budgeted data for the next month is as follows: ...
- Q Which method of inventory results in an inventory valuation that reflects current costs and provides the best matching of costs with revenues? Explain
- Q What is the going concern period for financial statements where the applicable financial reporting framework is under the guidance of the following standard-setting bodies? FASB GASB
- Q principios de contabilidad 14 edicin captulo 10
- Q Xiao Li desea acumular $50 000 al final de 10 aos haciendo depsitos anuales iguales de fin de ao durante los prximos 10 aos. Si Xiao Li puede ganar el...
- Q Coffeez Ltd Comparative Balance Sheet As at 30 June 2010 and 2009 2009 2010 $000 $000 30 20 260 90 80 180 Cash Accounts Receivable Inventory Land Buildings...
- Q Why do auditor focus on the completeness assertions for expenditures and the existence assertion for inventory in the Acquisition and expenditure cycle?
- Q Haynes, Inc., obtained 100 percent of Turner Companys common stock on January 1, 2014, by issuing 8,300 shares of $10 par value common stock. Hayness shares...
- Q Complete the following tasks using the templates provided in FNSACC421_AT2_TMP_V1 and the information and data provided in Appendix A for Golden Steer, including their procedural guidelines. Prepare all journals...
- Q COST OF QUALITY E-5 Hart Company ncured the following costs on Job 109 for the manufactures of 200 widgets: The rework costs were attributable...
- Q -11 ew Policies current Attempt in Progress Under ASPE, if a lease is classified as a capital lease, both the asset and the lease liability are...
- Q Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1.* 2. Journalize...
- Q Whitmore Company issued $505,500 of 5-year, 6% bonds at 97 on January 1, 2017. The bonds pay interest annually. (a1) Prepare the journal entry to record the issuance of the...
- Q 6-5 just type answer George Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. George...
- Q PT corp makes 300 units of A per year. At this level, the cost per unit includes $360 in direct materials, $1,000 in direct labor, $240 in variable overhead, and...
- Q Report on the functional currency of Nike: https://www.sec.gov/Archives/edgar/data/320187/000032018715000113/nke-5312015x10k.htm#s26113029AC268185E0CCE8274DE85AF4 When researching your answer keep in mind the following: Both U.S. GAAP and IFRS recommend the following factors: the location of...
- Q Php. 15, 000.00 is deposited in a savings account that offers continuous compounding. Determine the interest rate if it accumulates to Php. 24, 731.00 after 10 years
- Q C. CALL WRITING pg 55: (1. Reason for Writing (Selling) a Call) b. Covered Call Writing Example CALLS - Are these SHORT 1 ABC MAY 50 CALL LONG 1 ABC...
- Q what is the future value if you invest $8500 per period for the following number of periods, how much would you have: a. in 12 years at 10%: b. in...
- Q If GDP now falls back to 1,500 and the money supply falls to 350, what is velocity
- Q At the beginning of the year, Flint inc. is considering whether to repair and retain an existing machine, or to replace it with a new machine....
- Q DQuestion 9 te The second largest source of taxes US Federal Tax revenue comes from corpora True Fase
- Q Being new to the business, the company is also unaware of how the purchase process would be followed. You as a financial service provider, help them in what procedure...
- Q Managers only need to consider inventoriable product costs when setting prices True False
- Q When a firm decides to change an accounting principle, but does not have sufficient information to use the retrospective approach, it may ___________. A. estimate the numbers to do so...
- Q V1) Which of the following is considered a period cost? C A)...
- Q 5. Leased additional warehouse space from Leasing Solutions for two years on June 1st due expiration of the previous rental contract. $92,000 cash was paid for the new contract on...
- Q please do fully Consider the following data for November 2015 from Grey Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at...
- Q ABC Company sells 60,000 units per year. Its annual holding costs are $120,000. The cost to place each order is $80. Determine the optimal order size
- Q the intensity of care delivered dropped from a budgryrd6 case mix of 0.90 to an actual case mix of 0.85. what dollar effect did this have on actual cost
- Q of either square metres or segment margin for each division i Data Table sque each -?...
- Q The cost formula for utilities expense is $125 plus $3Q. What is total utilities expense if the planned quantity is 100 units
- Q Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or...
- Q Please write the answer in a way that is easy to copy - do not write by hand.. Please write a new answer Provide numerical examples of...
- Q Which of the following statements are correct given a constant interest rate and constant five-year period of time? I. An increase in the future value causes the present value to...
- Q 11) Satoe Corporation uses customers served as its measure of activity. During April, the company budgeted for 21,000 customers,...
- Q J & L Accounting, Inc. Post-Closing Trial Balance December 31, 2014 BALANCE ACCOUNT TITLE DEBIT CREDIT Cash, Business Checking 20,500.00 Accounts Receivable Prepaid Rent Vehicles 48,000.00 Accumulated Depreciation, Vehicles 12,000.00...
- Q E7-6 (Algo) Analyzing Special-Order Decision (LO 7-2, 7-3] MSI has been approached by a fourth-grade teacher from Portland about the possibility of creating a specially designed game that...
- Q he CMS Guiding Principles are applicable: Only during the Award phase of a contract Throughout the contract life cycle Only when required by contract By law and regulation
- Q A new machine costs $42,000 and has a $2000 salvage value at the end of its 8-year useful life. Determine the straight-line (SL), and the double declining balance (DDB) depreciation...
- Q 5. A business has the following financial information for the year: 1. Issued 5,000 shares of common stock for $35.00 per share. 2. Issued long term debt of $250,000. 3....
- Q You give your house to your brother for the rest of his life and, when he dies, the house is to go to his daughter. Your brother's interest in the...
- Q Please post correct answers~! Thank you :) 10 A partnership of attorneys in the St. Louis, Missouri, area has the following balance sheet...
- Q What are the differences between Chapter 7 and Chapter 11 bankruptcies? Research a company that filed for either Chapter 7 or Chapter 11 within the past 10 years and discuss...
- Q Rachel Corporation purchased a building by paying $95,000 cash on the purchase date, agreeing to pay $51,000 every year for the next eight years and one payment of $105,000 ten...
- Q 7. Boyd and Susan are married filing jointly in 2016. They have three children for whom they may claim the child tax credit. Their AGI was $115,000. What amount of...
- Q Wendells Donut Shoppe is investigating the purchase of a new $42,900 donut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a...
- Q The maturity value of a $76800,12%,6-month note receivable is $78336$86016$78643$81408
- Q M9-9 Computing the Present Value of a Single Payment LO9-7 What is the present value of $610,000 to be paid in 8 years? The annual interest rate is 6%. (FV...
- Q 4 Required information {The following information applies to the questions displayed below) Cool Sky reports the following for its first year of operations....
- Q The Fleming Corporation paid a dividend of $1.20 last year. Over the next 12 months, the dividend is expected to grow at 9 percent, which is the constant growth rate...
- Q 7. A teacher may apply for a vacant position for which he is qualified; provided that he respects the system of selection on the basis of merit and competence; provided,...
- Q On December 31, 20X1, Par Inc reported total assets of $608,371, while Sub Corp reported total assets of $121,661. The fair values of Sub's assets and liabilities on the same...
- Q Use the starting balance sheet, income statement, and the list of changes to answer the question. Lightspeed Industries Balance Sheet As of December 31,2022 (amounts...
- Q Prepare the Federal Income Tax return for Tom and Renee Houghton for the year ended 2014 Tom and Renee Houghton are married and file a joint return. Tom was born...
- Q 10. La/s herramienta/s estudiada/s para analizar la cartera de unidades de negocio es/son: a. nicamente la matriz de Boston Consulting Group. b. La matriz de poltica direccional y la matriz...
- Q Company Background & Scenario The AC Speed Company is a well-established, publicly-held corporation, operating as a wholesaler in the auto parts industry. Specifically, AC Speed purchases auto parts from manufacturers...
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