Accounting question and answers for September 19, 2023
- Q Jones Construction Company purchased new equipment on January 1, 2012 for $320,000. The equipment has a 10 year useful life and $0 salvage value. Jones uses the straight line depreciation...
- Q Find the value of R90V D1D0R180 in D4.
- Q 1/ Cloverdale, Inc., uses the conventional retail inventory method to account for inventory. The following information relates to current year's operations: Cost ...
- Q Simpson Inc. just purchased a piece of equipment to be used in its factory operations. The cost of this machinery is $150,000, and the asset is expected to have a...
- Q Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance...
- Q EX 10-2 Divisional income statements Obj. 3 The following data were summarized from the accounting records for Gonzaga Industries Inc. for the year ended November 30, 20Y8: Cost of...
- Q Exercise 11-2 Cullumber Company had these transactions during the current period. June 12 Issued 80,500 shares of $1 par value common stock for cash of $301,875. July 11...
- Q Amount DATA Description Sales price per unit Variable cost per unit Contribution margin per unit Totalfixed costs Profitat breakeven...
- Q What is a perverse incentive? What are several ways to address these types of incentives?
- Q URGENT Plz a. $6,592 gain b. $6,592 loss c. $9,888 loss d. $9,888 gain
- Q Stallion Corporation sold $100,000 par value, 10-year first mortgage bonds to Pony Corporation on January 1, 20X5. The bonds, which bear a nominal interest rate of 12 percent, pay interest...
- Q The role of budget in planning the future performance of the company in today's business environment. ( for a research )
- Q Governmental units use which fun type to account for services provided to the general public on a user-charge basis?A. Internal service fund B. Permanent fund C. Enterprise fund D. General...
- Q Please help work below facts into the estate tax formula for John Doe, who died June 17, 2023. John (born July 2, 1940) resided at 30 Rockefeller Plaza, New York,...
- Q Requirements 1. Prepare an incremental analysis to show whether Georgia Flooring should discontinue the laminate flooring product line. Will discontinuing laminate flooring add $24,000 to operating income? Explain....
- Q Lens Care Inc. (LCI) manufactures specialized equipment for polishing optical lenses. There are two models - one mainly used for fine eyewear (F-32) and another for lenses used in binoculars,...
- Q Assume a companys activity-based costing system included three expenses: Vehicle operating expenses, $300,000; Vehicle depreciation, $160,000; and Customer service salaries, $210,000. These costs were consumed by four activities as follows:...
- Q In July, Essinger Inc. incurred $72,000 of direct labor costs and $3,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a: debit...
- Q Case 13-1 Recording an Operating lease Noel Company leases 25 cell phones for three years. The rent for the phones is $1,700 a month for 36 months ($61,200 in total)....
- Q Abysinnin Company has the following data related to an item of inventory Inventory March 1 135 units $2.28 each Purchase March 7 250 units $2.38 each Sale March 28. 160...
- Q Which the following is true regarding pension accounting and reporting for state and local governments?A. Statement of changes in fiduciary net position reports additions and deductions computed on...
- Q Say According to Bureau of Labor Statistics what percentage additional compensation is offered in fringe benefits Oo oo 25.00
- Q Abcom is considering building either a one-storey (Project A) or five-storey (Project B) block of offices on a prime site. The following information is available: Initial Investment Outlay Net Inflow...
- Q Alvarado Apps, Inc. owned real and tangible personal property valued at $3,000,000 at the beginning of the year and $3,400,000 at the end of the year. It also leased real...
- Q 18) Xavier Company reported the following income statement and balance sheet amounts on December 31, 2017. 2017 2016 Net sales revenue (all credit) $1,700,000 Cost of goods sold 1,040,000...
- Q The Foundational 15 (Algo) (L014-2, L014-3, L014-4, L014-5, L014-6] [The following information applies to the questions displayed below.) Markus Company's common...
- Q [The following information applies to the questions displayed below.] A company began January with 6,000 units of its principal product. The cost of each unit is $9. Inventory transactions...
- Q Traves Corporation incurred $69,000 of actual Manufacturing Overhead costs during October. During the same period, the Manufacturing Overhead applied to Work in Process was $68,000. The journal entry to record...
- Q The entry to record the receipt of a check in settlement in interest, bearing promise. Siri note includes a debit to cash a Credit to notes receivable, and they credit...
- Q Multple Cnolce 93,100 units 106,925 units 82500 units 45.200 units
- Q What value of X makes the two annual cash flows equivalent at an annual rate of 10%? $400 $400 $400 $400 $300 3 2 years 5...
- Q Determine the missing items. Assets LA $82,000 $89,000 = Liabilities LA $53,500 $30,400 + Stockholders' Equity $ $32,400 $55,000 Determine the missing items. Determine...
- Q Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each phrase that follows with the...
- Q I need help. Please answer accordingly in table form just as in the question. Thank you. (Question 2i) (Question 2ii) Roth...
- Q Usando la siguiente informacin, calcule la ganancia bruta para el perodo. Inventario inicial de materias primas $20 000 Inventario final de materiales directos $25 000 Inventario inicial de productos en...
- Q which of the following types of transactions would be reported as a cash flow from investing activity on the statement of cash flows?
- Q kindly help.Thank you Assignment No 4 Unicorn Inc., located in Toronto, Ontario Has a Bi-weekly pay period. Ms. Marry works in Sales department, annual salary...
- Q Co. has the following normal account balances on its published financial statements for the year ended December 31, Year3: Bad debt expense for the year $ 22,000 Accounts receivable (12/31/Year3)...
- Q Accounting for equity investments The beginning balance sheet of Waterfall Source Co. included a $400,000 investment in Evan stock (20% ownership, Waterfall has significant influence over Evan). During...
- Q 29. Swenson Company produced 300 units in year one and sold 260 units in that year. In year two, it produced 260 units and sold 300 units. Total fixed overhead...
- Q generally, all of the following are required to be in the articles of organization of a limited liability company except
- Q 10-8 Part 1 Required: Provide the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No entry...
- Q For which situation(s) below would an organization be more likely to use a process costing system of rather than a job-order costing system? a paper mill that processes wood pulp...
- Q Bird Co. has the following normal account balances on its published financial statements for the year ended December 31, Year3: Bad debt expense for the year $ 22,000...
- Q (a) Risk management is sometimes described as the process of identifying and evaluating the trade-off between risk and expected return, and choosing the appropriate course of action. Explain FOUR (4)...
- Q GASB Requires the ________ method to report cash flows from operating activities in the statement of cash flowsA. Indirect B. Direct C. Modified accrual D. Full accrual
- Q Activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund?A. Advance fund B. Agency fund C. Internal service...
- Q Mauro products sells a woven basket for $15 per unit. Its variable expense is $12 per unit and the companys monthly fixed expense is $4,200
- Q Required Information [The following information applies to the questions displayed below) Bacon Inc. has the following stockholders' equity section in its May 31,...
- Q Clint wrote a check to pay for his phone bill. The amount of the bill was $50. He wrote out the words "Fifty dollars only" but he also wrote "$60"...
- Q Which of the following statements about a journal entry is false? An increase in an asset account is compatible with an increase in a liability account. An increase in an...
- Q Adjusted taxable gifts are added to the taxable estate to accomplish which of the following objectives? Increase the marginal tax rate on previously taxed gifts. Remove intervivos transfers from...
- Q The cost of a project is $50,000 and it generates cash inflows of $20,000, $15,000, $25,000 and $10,000 in four years. Using net present value and the profitability index methods,...
- Q One of the driving forces in budget transformation in Zambia was a change to budgeting systems as well as political and economic environment that saw a shift in the composition...
- Q Your client has issued an estimate which was accepted by the client. When the work is done, your client issues an invoice. Which statement is true of recording this workflow...
- Q Assume you are an accountant working for a small private company. Your manager asked you to make an adjusting entry as the balance on the company's Prepaid Rent account was...
- Q Boxing Cat Company reported the following data at the end of 20X7: Sales revenue (75% on credit) $300,000 Expenses 60,000 Trade receivables, net at December 31, 20X7(a decrease of $4,000...
- Q On December 1, 2020, Talk Inc. sells a basic cell phone and six-month airtime package to a customer for $80 per month for six months, starting on that date. The...
- Q Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. The company sells its birdcages through an extensive network of...
- Q Your "Input" area should start with information containing the bond face issue amount, stated interest rate, market rate,...
- Q The annual report for Sneer Corporation disclosed that the company declared and paid preferred dividends in the amount of $280,000 in...
- Q Thrope, Inc. purchased 1,900 pounds of direct material at a price of $1.30 per pound. The standard price of the material is $1.42 per pound. Thrope used 1,300 pounds in...
- Q Compute trend percents for the following accounts, using 2011 as the base year (round the percents to whole numbers). State whether the situation as revealed by the trends appears to...
- Q Preston Inc. manufactures G and T from a joint process (cost = $81,000). Five thousand pounds of G can be sold at split-off for $20 per pound or processed further...
- Q On July 1, 2022, Sunland Company purchased new equipment for $92,800. Its estimated useful life was 7 years with a $11,600 salvage value. On January 1, 2025, the company estimated...
- Q What is the treatment of gains on the disposal of property, plant, and equipment under IAS 16? Recognize as revenue. Adjust the carrying amount of the asset....
- Q The Dawg corporation owns 11% of Company A and 34% of Company B. Dividends received from Company A were $113,000 and from Company B were $241,000....
- Q all of the following business operators may have qualified business income except
- Q QUESTIONS Prepare required ratio analysis and then complete the horizontal and vertical analysis using the Excel file. Based on your horizontal and vertical analysis, identify at least three possible...
- Q The semiannual tuition payment at a major university is expected to be $37,000 for the 4 years beginning 18 years from now. What lump sum payment should the university accept...
- Q El saldo en Descuento sobre bonos por pagar que se aplica a los bonos con vencimiento en 2015 se informara en el balance general en la seccin titulada Elija una...
- Q 1. Explain symmetric encryption. 2. Explain asymmetric encryption (public/private key). 3. Describe digital certificates.
- Q Multiple Choice Question 148 The following information is available for Halle Department Stores: Average operating assets Controllable margin Contribution margin Minimum rate of return $500000 56000...
- Q Life Insurance Assignment Chad, age 32, owns an ordinary life insurance policy with face amount of $200,000. The policy pays dividends. The following riders are attached...
- Q Select each of the below that are considered a "responsibility centre" Select one or more: a. Profit Centre b. Investment Centre c. Learning and Growth Centre d. Cost Centre ...
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!