Accounting question and answers for August 02, 2023
- Q What is the value of a property if: Building is 15,000 square feet, monthly rent is $1.25 per square foot, cap rate is 10%, and expenses are $0.40 per...
- Q Requirhet: mithale. a. sevoniline forthod A. Unth-if arurhy metod
- Q Truth in a model Given the model below, determine whether each sentence comes out true or false. UD = {Jet, Faye, Spike} extension(A) = {Jet,...
- Q When you were born, your grandfather established a trust fund for you in the Cayman Islands. The account has been earning interest at the rate of 15% per year. If...
- Q ENGL1123P02-1910-10004 Which of the following is important for deciding whether a source is appropriate to use or not? Select one a. how recently the...
- Q Smith Company can produce two types of carpet cleaners, Brighter and Cleaner. Data on these two products are as follows: Sales volume in units Unit sales price Unit...
- Q please show work On January 1, 2020, Swifty Corporation purchased 30% of the common shares of Martz Limited for $201,000. Martz Limited shares are not traded in an active...
- Q The following selected transactions for Sunland Bryce Company are presented in journal form. Post the transactions to T-accounts and determine each account's ending balance. (Post entries in the...
- Q With the aid of an example, evaluate what is meant by tipping off. (3 Marks)
- Q Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: January February March Material purchases $ 12,160 $ 14,270 $ 11,090...
- Q Josh owns a 25% interest in PCS LP (a US partnership). At the end of 2023, PCS liquidated and distributes to Josh $30,000 cash, accounts receivables with...
- Q Select the CORRECT statement regarding budgeted fixed cost per unit. Group of answer choices Budgeted fixed costs per unit decreases when the volume of activity increases All of the choices...
- Q AF's inventories are valued at the lower of cost and net realizable value. How does this approach differ from the U. S. GAAP?
- Q What is the Rule against Perpetuities? What information can you find? Informational videos? What are the rules in each state? Are there countries which have similar laws
- Q Salaries of $5,600 are paid for a 5-day work week on Friday. Journalize the adjusting entry that is required if the month ends on Thursday
- Q 2. HOUSEKEEPING START 6 MONS 1 YEAR 2 YEARS 3 YEARS 4 YEARS 7-1-21 8 9 10 11 12 13 7-1-22 9 10 11 12 13 14 7-1-23...
- Q Gunakan induksi matematika untuk membuktikan bahwa pernyataan ini benar. a. Jumlah dari buah bilangan asli pertama adalah (1)/(2)n(n+1)
- Q Tout Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.1 hours per unit Standard direct labor rate $22.00 per hour Standard cost $2.20 per...
- Q Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, 2016. The following transactions relate to securities acquired by...
- Q Jill invested $25,000 today in a fund that earns 10% annual interest compounded semiannually. To what amount will the investment grow in 7 years? (answers rounded) Period...
- Q NutraLabs, Incorporated, leased a protein analyzer to Werner Chemical, Incorporated, on September 30,2024. Determine the price at which NutraLabs is "selling" the equipment (present value of the...
- Q Jensen Shipping has four open seats on its board of directors. How many shares will a shareholder need to control to ensure that his or her candidate is elected to...
- Q Monthly fixed expenses of 5000 rent, 2500 Utilities & salaries 9000. The average selling prices of product 39 per units and the average variable cost of item sold 19 per...
- Q Kehoe Co. utiliza un sistema de inventario peridico. La empresa tena un inventario inicial de $400 y un inventario final de $200. El costo de los bienes vendidos de Kehoe...
- Q Briefly explain the Freedom of Information Act (FOIA)
- Q Sobey's and Bombardier statements of Earnings what is similar betweem the two companies and major difference
- Q Under GAAP when a company writes down the value of an asset due to impairment it is classified as a loss on impairment. However, under IFRS the asset value can...
- Q Most well run organizations such as Fortune 500 companies go through a formal process in replacing their existing information processing systems and selecting new systems. Required: (1) Outline...
- Q JerriLynne Medical Clinic maintains and sells an inventory of drugs for its patients. The following represents the activity for the past year, assuming no inventory at the beginning of the...
- Q no reference provided Question to be answered is in bold and the notes provided is the Sarbanes Oxley Act to be utilized Auditors have come into a department as part...
- Q Culver Corp. sponsors a defined benefit Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC pension plan for its employees....
- Q Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $585,000 during the current year. The comparative balance sheet indicates dividends payable of $167,625 at the beginning...
- Q The following chart for JenStar details the cost and selling price of the company's inventory: DescriptionCost ($)Selling Price ($)Tail light #175110Tail light #28565Total tail light160175 Speedometer #16535Speedometer #2110135Total speedometer175170 ...
- Q you are the senior on an audit of Teleko, a large public company. the company recently completed an acquisition of its fifth largest competitor. the competitor is known for historical...
- Q If liabilities are $53,000 and assets are...
- Q Grand Corporation reported pretax book income of $720,000. Tax depreciation exceeded book depreciation by $440,000. In addition, the company received $350,000 of tax-exempt municipal bond interest. The companys prior-year tax...
- Q Are there ethical implications to the disclosure of an unaudited non-GAAP financial measure? Do you believe the SEC should be more strictly regulating this disclosure or should a company have...
- Q Kathy Little and her sister Julie are considering starting an online business selling custom made homewares. They are not sure whether to set up their business as a partnership...
- Q IFRS 10 States that there are few ways to ascertain if control exists for consolidation purpose. evaluate the statement above referring it to accounting standard IFRS 10
- Q Oriole Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to bid on...
- Q Which of the following statements about the unadjusted trial balance is not correct? It might only include a preliminary amount for income...
- Q A company issued bonds with a face value of $200,000. The stated interest rate is 5% and the market rate at the issue date was 6%. The bonds will be...
- Q Does anyone have the solution manual (unadjusted trial balance, adjustments, income statement, etc) for Systems Understanding Aid 9th edition? The green transactions list.
- Q Describe how the General Price Level Adjusted (GPLA) model accounts for changes in the general purchasing power of the reporting currency over time. What are its strengths and weaknesses of...
- Q Assume Maria Company's accounting records reflect the following inventories: 12/31/2022 12/31/2021 Raw materials inventory $440,000 $300,000 Work in process inventory $6,000 $8,000 ...
- Q Los salarios por hora para una muestra de empleados a tiempo parcial en Home Depot son $12, $20, $16, $18 y $19. Cul es la varianza muestral?
- Q Described below are three independent and unrelated situations involving accounting changes. Each change occurs during 2024 before any adjusting entries or...
- Q Starlight Company's static budget is based on a planned activity level of 42,000 units. At the same time the static budget was prepared, the management accountant prepared two additional budgets,...
- Q Which cost(s) are considered to be conversion cost(s)? Choose all that apply Research and development Direct labor Direct manufacturing overhead None of the above
- Q The following data pertain to April operations for Josephson Company: Beginning inventory 3,000 Units sold 9,000 Units produced 8,000 Sales price per unit $ 30 Direct manufacturing cost per unit...
- Q Excel problem for accounting information systems 13th, chapter 13.13 Date Invoice# Supplier (Payee) Amount Address City State Zip 2-Jan...
- Q Please answer all parts of #8-9, I will rate. i hope this info helps! Okay im...
- Q Sweeten Company had no jobs in progress at the beginning of...
- Q During 2020, the district engaged in the following transactions: On 5/4 /2020 It ordered goods and services for $4,000. On 20/9 it received 80% of the purchase order issued on...
- Q Management accounting reports can be described as: a. macro-reports b. classified financial statements c. Special-purpose d. General-purpose
- Q Discuss the advantages and disadvantages of ABC Costing approach. (5marks)
- Q Q001: Which of the following is considered a liability? A) Accounts Receivable B) Prepaid Expenses C) Accounts Payable D)...
- Q Loan Amount: $10,000,000.00 Interest Rate: 6-3/4% Amortization: 30 years Term: 10 years Assume the above loan is interest only for the first three (3) years....
- Q A company shows the following profile: current year credit sales is $300,000 credit sales returns and allowances is $20,000 sales discount on credit sales is $10,000 accounts receivable is $60,000...
- Q Swifty Company developed the following reconciling information in preparing its September bank reconciliation: Using the above information, determine the cash balance per books (before adjustments) for the Swifty...
- Q Consider a four-year project with the following information: initial fixed asset investment = $490,000; straight-line depreciation to zero over the four-year life; zero salvage value; price = $34; variable costs...
- Q Why is a flexible budget superior to a static budget? O The flexible budget gives managers the right to change their decisions on costs....
- Q A deferred tax liability of $8,000 was recorded in 2024 due to 2024 tax depreciation of $100,000 and book depreciation of $60,000 for equipment purchased at the beginning of 2024....
- Q decide whether to send amemo or a letter for each of the following situations.
- Q Which is not a type of period cost? Factory depreciation Advertising expense Sales commissions Secretarial wages
- Q Prepare a Trial balance as at 31 December 2015, with the following accounts balances. (10 Marks) Account Amount (P) Sales 532000 Purchases 308000 Rent 7600 Electricity 1400 Salaries & Wages...
- Q Craft declares and distributes a 50% common stock dividend. There are 100,000 shares outstanding when the market value of the $1 par common stock is $12 per share. What is...
- Q Find the discount period. Loan made: April 24 Length of loan: 180 days Date of discount: July 18 96 days 95 days 84 days 85 days
- Q emmett embers exchanges a business building with an adjusted basis of $207,000 and a fair market value of $300,000 for george gunn's land to be held as an investment with...
- Q these are all the info provided - no missing figures Background information The profit before tax, reported in the statement...
- Q Why is the use of argumentative logic important in the world around us? How do you use argumentation in your personal life? What about the other appeals? When...
- Q describe what is the difference between the audit of financial statements and the audit of internal controls for U.S public companies. write 10-12 sentences.
- Q Required information [The following information applies to the questions displayed below.] Prat Corp. started the 2018 accounting period with $31,000 of assets (all cash), $12,500 of liabilities, and...
- Q 19. Jasmine sold land for $250,000 in 2019. The land had a basis of $128,000. Jasmine received $50,000 down in 2019 and will receive five additional annual payments of $40,000...
- Q You spend $2,000 in years 0 thru 5, $2,200 in year 6, $2,400 in year 7 and the amounts are increasing by $200 per year until year 12. The interest...
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