Accounting question and answers for September 03, 2023
- Q where did you get the 06200 amount paid to the marketing manager from
- Q A second hand bulldozer acquired at the beginning of the fiscal year at a cost of $68,000 has an estimated salvage value of $9,500 and an estimated useful life of...
- Q Concord Company purchased equipment for $228,400 on October 1,2025. It is estimated that the equipment will have a useful life of 8 years and a...
- Q In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 150 units at $9, (2) 500 units at $10, and (3) 150...
- Q Suponga que las economas en auge en las naciones BRIC (Brasil, Rusia, India y China) hacen que las exportaciones netas (NX) aumenten $150 mil millones en los Estados Unidos. Si...
- Q 21. Calculate the acid-test (quick) ratio for the past two years. Did the acid-test ratio improve or weaken in the more recent year? 22. Review the balance sheet and other...
- Q Partners in a general partnership have equal right to participate in the management of the business, regardless of the percentage of capital contribution unless agreed otherwise True False
- Q Problem 5-36 (LO 5-2, 5-3, 5-4, 5-6) On January 1, 2017, Panther, Inc., issued securities with a total fair value of $588,000 for 100 percent of Stark Corporation's...
- Q The ex-dividend date is one working day before the record date. If the record date is Friday and the ex-dividend date is Thursday, what is the last day you can...
- Q Problem 3-15 (Algo) Journal Entries; T-Accounts; Financial Statements [LO3-1, LO3-2, LO3-3, LO3-4] Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for...
- Q SFAS No. 87, Employers Accounting for Pensions, requires an understanding of certain terms. Required: a) Discuss the following components of annual pension cost : i. Service cost ii. Interest cost...
- Q Summary Payroll Data In the following summary of data for a payroll period, some amounts have been intentionally omitted. Calculate the amounts omitted below. Enter all your answers...
- Q A reversing entry is: (multiple choice) required as a normal part of the companys recordkeeping process. optional and used to simplify the companys recordkeeping process. required and used to simplify...
- Q Determine the missing amounts
- Q John is the manager of a small computer sales and support chain. He has stores located throughout the state of California and is in strong competition with all of the...
- Q 1. Hanson Co. tena 200 000 acciones ordinarias, 20 000 acciones preferentes convertibles y $1 000 000 de bonos convertibles al 10 % en circulacin durante 2011. Las acciones...
- Q Describe how a business charitable contribution is treated for tax purposes if the business owner is: A sole proprietor A 100% corporate shareholder A partner in a partnership A 100%...
- Q Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company's production costs for the year were: direct labor, $29,000;...
- Q Blair has a capital balance of $63,000 after adjusting assets to fair market value. Marler contributes $35,000 to receive a 30% interest in a new partnership with Blair. Determine the...
- Q Janenda Inc. issued $5,000,000 of convertible 5-year bonds on July 1, 2014. The bonds provide for 6% interest payable semiamuially on January 1 and July 1. The discount in connection...
- Q If a firm has revenues of $4,500,000 and construction costs of $2,780,000 with overhead costs of $ 488,000, what would the Gross profits be? Additionally, provide proportionally for an estimate...
- Q address the following: Revenue recognition for most product sales that allow the right of return occurs at the point of product delivery. Under what circumstances would revenue recognition be delayed?...
- Q How many units must have been completed and transferred if beginning inventory was 15,241 units, ending inventory was 82,769 units, and 251,923 units were...
- Q Thornton Information Services, Inc., has two service departments: human resources and billing. Thornton's operating departments, organized according to the special industry each department serves, are health care, retail,...
- Q Each of the following situations involves a possible violation of the AICPA
- Q Which of the following is not a goal of the design of internal controls? effective operations reliable financial reporting compliance with laws improved employee morale
- Q Problem 1 (50 points) Supreme Company's bookkeeper prepared the bank reconciliation for May...
- Q a check of $300,000, deposited by a company, was returned to the bank for nonsufficient funds. how would this information be included on the bank reconiliation?
- Q Transactions - week 2 You are now instructed to record transactions that occurred throughout the second week of June into the company's books. The week 2...
- Q .
- Q Target Corporation has assets with a FMV of $24,000,000 and a tax basis of $16,000,000. Target has one shareholder named Keri and Keri's basis in his Target stock is $12...
- Q On the basis of the following data: Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in...
- Q The following information is available for Park Valley Spa for July Year 1. BANK STATEMENT STATE BANK BOLTA VISTA, NV 10001 ...
- Q 8.Renee Ross and Sally Smith are equal partners in the RS Partnership. On July 1st, The RS Partnership admitted Tara Trent. Tara Trent contributed $150,000 in exchange for a one-third...
- Q Joseph Delvechio runs a dress repair business in Surrey, B.C. as a sole-proprietorship (i.e. it is his own unincorporated business). He has provided you with the following...
- Q Martin is married (spouse does not work), two dependents who are under the age of 17. What is his federal income tax withholding under the following conditions? Assume that Martin...
- Q Just looking for formula on how to arrive at answer. Thanks! The revenues are given in the table below. If sales-to-capital ratio that determines reinvestment is 2...
- Q Illinois Bio Technologies (IBTECH) was founded in Rosemont, Illinois, in 1992 by Kelly O'Brien, David Roberts, and Barbara Smalley. O'Brien and Roberts, both MDs, were on the research faculty at...
- Q Accounting for operating leases is easy in governmental accounting, as; at the most, all that is required is adequate note discosure. Select one: True False
- Q Please Help! the master budget is complete I need help with the budgeted balance sheet. all information to complete is provided. Please...
- Q identify all relevant costs or revenue that are applicable to the decisions Contribution margin of product. Sales revenue at split-off point. Interference with other production. Contribution margin per unit of...
- Q Relevant Range and Iixed and Variable Costs \table[[Components produced,61,600,79,200,100,000],[Total costs:],[Total variable costs,119,712,(d),(j)],[Total fixed costs,22,176,(e),(k)],[Total costs,$41,868,(1),(1)],[Cost per unit:],[Varlable cost per unit,(a),(0),(m)],[Fixed cost per unit,(b),(h),(n)],[Total cost per unit,(c),(i),(o)]] Complete...
- Q Fresh Powder, Inc., manufactures snowboards. Based on past experience, Fresh Powder has found that its total annual overhead costs can be represented by the following formula: Overhead cost = $601,875...
- Q Exercise 4-9 The ledger of Beckett Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies...
- Q based on shelby's current and future life situation what tax planning strategies should shelby consider? shelby has been working at a local pet store in the grooming department. She just...
- Q Current Attempt in Progress Tiana's Jewel Design, Inc designs and manufactures mass produced metal jewelry and custom designed silver-plated jewelry. Currently, the owner designs and...
- Q On 1/1/20X1, Illini issues 10% bonds dated 1/1/20X1, with a face amount of $60,000. The bonds mature on 12/31/20X4 (4 years). For bonds of similar risk and maturity, the...
- Q The total assets and total liabilities (in millions) of ABC Corporation and XYZ Corporation follow: ABC XYZ Assets $62,060 $60,198 Liabilities 27,306 28,895 Determine the stockholders' equity of each company....
- Q Required information Skip to question [The following information applies to the questions displayed below.] Colton Enterprises experienced the following events for...
- Q Rotorua Products sells agricultural products in the burgeoning Asian market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is...
- Q Why do we need closing entries at the end of an accounting period?
- Q Please assist Question 5 European Intemational has 3 separate business units in the following countries, Data for each of...
- Q P4-36 Comprehensive Problem: Differential Apportionment Prince Corporation acquired 100 percent of Sword Company on January 1,20X7, for $203,000. The trial balances for the two companies on...
- Q Texas-Q Company produces and sells barbeque grills. Texas-Q sells three models: a small portable gas grill, a larger stationary gas gril, and the specialty smoker. In the...
- Q What is a sunk cost? Why is it not considered a relevant cost in differential analysis? Explain in your own words, feel free to use examples, metaphors, etc. In detail...
- Q Calculations Marketing Inc. issued 9.0% bonds with a par value of $360,000 and a five-year life on January 1,2020, for $374,600. The bonds pay interest on...
- Q Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be required...
- Q compute the gross profit rate when net sales are $350000 and gross profits are $178500
- Q Shell City transfers $108,000 from the General Fund to the Debt Service fund. $100,000 for principal and $8,000 interest. Please record the transaction in the fund financial statement and governments...
- Q Saxon Corporation beginning inventory was $30000. The cost of goods sold was $350000 for the year, with the ending inventory of $40000 inventory turnover for the year is A. 20...
- Q Financial Statements of a Manufacturing Firm The following events took place for Bridger Bikes Inc. during July 20Y6, the first month of operations, as a producer of road...
- Q which of the following is a requirements of sarbanes oxley act?
- Q 14. Sinclair Manufacturing and Boswell Brothers Inc. are both involved in the production of brick for the homebuilding industry. Their financial information is as follows: Sinclair...
- Q Accounting for impairment losses is required for investments that are measured using the: cost/amortized cost model. FV - NI model. FV-OCI model. all of the above...
- Q A machine cost $240,000, has annual depreciation expense of $48,000, and has accumulated depreciation of $120,000 on December 31, 2014. On April 1, 2015, when the machine has a fair...
- Q marketing materials (brochure, flyer) will need to be printed how many coples due date Number of the brochure and flyer need...
- Q Marry and Max had adjusted gross income of 358000. They have itemized deductions of $20,000 consisting of $8,000 in medical expenses that exceed 10% of adjusted gross income ,$3,000 in...
- Q give me results in this order please 1 Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based...
- Q Facilities planning An order of 20 custom-designed castings has been received. Each casting costs $ 400 per scheduled castings. If the casting is good, it...
- Q Benny, George, and Angie have partnership capital accounts with balances of $150,000, $300,000, and $70,000, respectively. The income sharing ratio is Benny, 50%; George, 40%; and Angie, 10%....
- Q Which of the following is a true statement regarding the evaluation of an investment center? Return on investment may be high because of old equipment that is fully...
- Q Credit sales were $950,000. Cash flow from operating activities was $650,000. Cash sales were $350,000. Accrual expenses were $925,000. Cash flow from financing activities was $400,000. What was net income?
- Q (Subjective) (Capital & Current Accounts, Profit And Loss Appropriation Account.) Chong and Loh were in partnership trading sharing profits and losses in the...
- Q An electrical engineer wants to develop cash-flow diagram so he prepared proposal now. An investment of 25000$ and he expect to get revenue of 5000$ per year for the first...
- Q kindly give explanation and analysis for the ratio base on P&L and BS provided. AutoSave Off H20 Appendix 6 VASB v2 Search HASLINDA AHMAD SHAFIEE HA File Home...
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!