Accounting question and answers for October 28, 2023
- Q Oakland Inc. signs a contract with Ashton Ltd. on January 1, 2021 to lease equipment to Ashton. The following information relates to the agreement. The term of the non-cancellable...
- Q You are the owner of four Taco Bell restaurant locations. You have a business loan with Citizens Bank hisen out 60 days ago that is due in 90...
- Q 1. Please explain briefly three activities on Statement of Cash Flow. 2. Please explain the difference between direct and indirect method of reporting cash flow. 3. Please provide examples...
- Q On January 1,2022, Pharoah Company purchased equipment for $66960. The company is depreciating the equipment at the rate of $930 per month. The book value of the...
- Q At December 31,2027, Marigold Corporation reported the following plant assts. Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets ...
- Q Accounts payable are:
- Q Question 1:Beginning inventory (30% complete as to Material B and 60% complete for conversion)700 units Started this cycle 2,000 units Ending inventory (50% complete as to Material B...
- Q During the year ended 30 June 2020 HUGE Pty Limited, a resident Australian private company, received interest income of $18,700 and a franked dividend of $9,900 with $3,100 of attached...
- Q Q1) STAR, CPA is auditing a not-for profit. Provide an example of due professional care with for this audit. Q2) Hodor is currently seeking his first...
- Q Assume that on February 1, Procter & Gamble (P&G) paid $720,000 in advance for 2 years' insurance coverage. Prepare P&G's February 1 journal entry and the annual adjusting entry on...
- Q Maturity Risk Premium The real risk-free rate is 2%, and inflation is expected to be 4% for the next 2 years. A 2-year Treasury security yields 7.6%. What is the...
- Q The last step in an IS audit is the report to management on the audit results. Describe the structure of an IS audit report and the components that are important...
- Q Selected account balances of the COMPANY L.L.C. balance sheet (statement of financial position) and income statements at December 31, 2020 were as follows: Current assets 980,000, long term liabilities...
- Q Sunland Company expects to purchase $170000 of materials in July and $190000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the...
- Q 5.Bond ratings are a measure of a firm's ___________.. Single choice. (5 Points) Interest rate risk. Exchange rate risk. Default risk....
- Q Cick here to view factor tables. What is the future value of 20 periodicpayments of $5,220 each made at the beginning of each period and compounded...
- Q I was able to complete my other journals with the number inputs ,but I am having trouble with these screenshots! I am either only missing the debit/credit number or both...
- Q Suministros y gestin de adquisiciones de proyectos Su empresa es una empresa de ingeniera de la construccin. Tiene una reputacin de edificios comerciales Sloid en todo el mundo. Sus...
- Q Caterpillar, Inc., is one of the worlds largest manufacturers of construction, mining, and forestry machinery. The following disclosure note is included in the companys 2017 financial statements: D. Inventories ($...
- Q 9 ! Part 2 of 2 Required Information [The following information applies to the questions displayed below.] York's outstanding stock consists of 60,000 shares of noncumulative 7.5% preferred...
- Q Nesman Company, which has only one product, has provided the following data concerning its most recent month of operations: ...
- Q Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of...
- Q Joint cost allocation net realizable value method Nature's Garden Inc. produces wood chips, wood pulp, and mulch. These products are produced through harvesting trees and sending the...
- Q Beverly Plastics produces a part used in precision machining. The part is produced in two departments: Mixing and Refining. The raw material is introduced into the process in the Mixing...
- Q Budgeted Income Statement and Balance Sheet As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal year beginning January 1, 20Y4, the following tentative trial...
- Q The following statement(s) describe an adjusting journal entry. a.It affects cash but not the income statement b.It affects the income statement and balance sheet, but not cash c.It affects cash...
- Q Bro i willgive like just give me a different answer do not copy from chegg And aswer it as long as u can in a great way...
- Q references the 2013 State of the Industry Report by the ASTD. See if you can research and find the most recent State of the Industry report and share what insights...
- Q Overview Vincentian Auto Insurance Co. has hired your team and six other teams to help the pricing actuary determine an appropriate premium rate, effective 11?2025. You are...
- Q What is meant by the statement that "labor costing is related to motion costing
- Q 1. Prepare journal entries for the December 31 payroll. 2. Use T-accounts to compute the following: ...
- Q A contractor commenced the work on a particular contract on 1st April 2012 he usually closes his books of accounts for the year on...
- Q The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and Inventory. The December 31, 2021, balance sheet...
- Q On January 1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was...
- Q Over what time period does the lessee amortize the leased asset transferred by the lessor? A. The lessee can amortize the leased asset over the lease term. The amortization of...
- Q Committee of Sponsoring Organizations What is the Committee on Sponsoring Organizations (COSO)? What are the five components which the organization outlines for an entity to use to achieve the organizations...
- Q On September 1, 2014, the Matisse Co. paid $12,000 for insurance to cover the next 12 months. Assume the company prepares all adjusting journal entries at the end of the...
- Q Big-Mouth Frog Corporation had revenues of $300,000, expenses of $200,000, and dividends of $45,000. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to...
- Q Union Carbolics Inc. has five operating segments. Segment operating data (in millions of Canadian dollars) for the year 20X6 are as follows: Segment Intersegment Sales ...
- Q The number I have put for the Cash and Investment revenue are correct answers. I only need help for the Investment Equity Securities $______ I can tell you it is...
- Q Question 4 The accruals concept states that: Not yet answered Marked out of 1.0 Select one: O a Sales can only be recorded when cash has been received...
- Q Which of the following statements regarding the fixed asset turnover ratio is true?
- Q During Year 1, its first year of operations, Benitez Co. reported sales of $380,000. At the end of Year 1 , the company estimated its warranty...
- Q This is non linear control system questions. Please give me answers. 1. Question One...
- Q Baubee Meal Delivery Service (BMDS) provides restaurant to customer meal deliveries for food establishments in a suburban neighborhood. The company provides you with...
- Q Emery is a salaried nonexempt employee in Evanston, Wyoming, who earns $32,750 per year for a standard 40-hour workweek and is paid biweekly. According to the 2023 Form...
- Q Management uses costing reports to decide all of the following except Group of answer choices : what types of information it prefers to see which information to ignore he...
- Q thould be recorded thould be recorded
- Q Cake made. Which one are direct cost and which one indirect cost? Flour, milk, packaging, baker's salary, employee who serves the bread to customers, oven depreciation, salary of the...
- Q what is the 4 line journal entry to record a sale on account of inventory for a retail business?
- Q Herit Industries has $140,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are Cost of equipment required...
- Q In all respects Company A and company B are identical except that company A's cost are mostly variable whereas company B's costs are mostly fixed. When sales increase which company...
- Q The investment category on the balance sheet normally includes investments that are intended to be held for a short period of time (less than...
- Q someone do this make sure everything is clear 1) List 10 companies that have well known trademarks or trade names 2) Review...
- Q Simon Companys year-end balance sheets follow. At December 31 ...
- Q 6. Hanwoos Store is a trading company which has been in operation for five years and makes up its accounts to 30 April annually. The details of Hanwoos existing non-current...
- Q Marsden Company has three departments occupying the following amount of floor space: Picture How much store rent should be allocated to Department 3 if total rent is equal to $200,000?...
- Q Please show all work on how you get the answers Vaughn Manufacturing was organized on January 1, 2021. During its first year, the corporation issued...
- Q Prepare the Organization of the Study on accountants and how they adapt to technology.
- Q Nunthatch corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $260,000, $350,000, and $400,000, respectively, for September, October,...
- Q I need help with compeleting the following general ledger accounts. i have added the previous 3 requirements in the photos that i have a completed and are correct to...
- Q Preparing the Statement of Stockholders Equity Presented below is financial data for Likert & Co. as of year-end 2016: Cash $7,500 Retained Earnings,...
- Q Which of the following is/are regulators and other organizations that impact the audit process and the profession? Select all that apply. Group of answer choices A. Committee on Sponsoring Organizations...
- Q An analytical technique used by management to focus attention on the most significant variances and give less attention to the areas where performance is reasonably close to standard is known...
- Q 45) Cul de los siguientes es cierto de la informacin relevante? A) Todos los costos fijos son relevantes. B) Los ingresos y gastos futuros son relevantes. C)...
- Q (c) it was sold for $18,700 wildhorse Co. has delivery equipment that cost $54,600 and has been dereciated \$23,500. prepare a tabular summary to record the...
- Q Shannon Company segments its income statement into North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $500,000,46%, and $10,000, respectively. The...
- Q Required information [The following information applies to the questions displayed below.] In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara...
- Q During 2020Jaime and Claire, who are married, have four dependent children, three of whom are under the age of 17 and one of whom is a full-time student who is...
- Q A partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension plan of Universal Products is given below. The actuary's discount rate...
- Q Budget Preparation Case Instruction: This is a take-home assignment that you can work individually or with your peers. You must show steps (reference to ebook or...
- Q Without considering additional first year (bonus) depreciation, $10,100 is the maximum depreciation deduction allowed for the purchase of an automobile during 2020 that weighs under 6,000 pounds and...
- Q I need questions correctly answered - Risk-free securities may not exceed 30% of the total funds available for investment. - Signature loans may not exceed 10% of the...
- Q QUESTION 46 Pasta Disasta, Inc is preparing its master budget for its first quarter of business. It expects to sell 3.000 puzzas at per peza per...
- Q Taft Corporation operates primarily in the United States. However, a few years ago, it opened a plant in Spain to produce merchandise to...
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