Accounting question and answers for August 06, 2023
- Q what kind of accountent are you if you are asked to do the following, You are an Analyst for the professional service firm, BUSI 1043 LLP. Your firm specializes in...
- Q Is cost of goods sold is 147600 and the beginning and ending inventory balances are 19300 and 14300, respectively inventory purchases for cash equal
- Q Fleetwood Corp. purchased a mine in 2016 for $500,000 and estimated that 30,000 tons of iron ore could be extracted from it. There was no residual value. The business extracted...
- Q Lightning Electronics is a midsize manufacturer of lithium batteries. The companys payroll records for the November 114 pay period show that employees earned wages totaling $66,000 but that employee income...
- Q Money market funds (MMF) are typically classified as .. . Group of answer choices a. intangible assets b. long-term investments c. cash and cash equivalents. d. short-term investments ...
- Q The budgeted balance sheet and income statement are normally completed after preparation of operating and capital expenditure budgets. True False
- Q Aquarius Game Inc has finished a new video game, Triathlon Challenge. Management is now considering its marketing strategies. The following information is available.
- Q The budget process rarely coincides with the accounting period. True False
- Q Define and discuss the weak-form EMH. Describe the two sets of tests used to examine the weak-form EMH.
- Q The income statement of Dolan Corporation for 2020 included the following items: Interest revenue $141,000 Salaries and wages expense 210,000 Insurance expense 21,200 The following balances have...
- Q Under SFAS 109 when there is a net operating loss carryforward: a. A deferred tax liability is recognized b. A receivable is created c. A deferred tax equity account is...
- Q Aadakilerden hangisi arazi iyiletirme maliyetlerine dahil edilmelidir? A. araba yollar B. it C. evre dzenlemesi iin yamurlama sistemi D. yukardakilerin hepsi
- Q Need help!
- Q The company has 40 units remaining on December 31st 5. Determine ending inventory using FIFO: \$
- Q Gordons Grocers purchases bread from Buddys Bread Company at $1.45 per loaf. Gordons recently engaged in a customer service contract with Buddys to purchase 20,000 loaves of Buddys...
- Q Kingbird, Inc. purchased a new machine on October 1, 2022, at a cost of $133,000. The company estimated that the machine will have a salvage value of $19,500. The...
- Q Following is the adjusted trial balance, with accounts in alphabetical order, for Required: Prepare the closing entries
- Q Which one of the following does not reflect the correct effect of an increase in provision for bad debts on the financial statements? a- expenses will increase b- profit will...
- Q Discuss why marketing costs so much. Is this amount worth it? Why or why not? Make sure to use outside references to support your answer.
- Q According to Policy Statement, who will approve the annual budget?
- Q Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; rather, it relies completely on independent...
- Q Adjusted trial balance
- Q Hotel De MontGerch has three different revenue generating departments as: rooms, F&B, and convention. The rooms department has acquired total revenue of $460,000 and VC of $100,000. F&B departments total...
- Q At the break-even point: Sales - Variable expenses = Fixed expenses. true or false
- Q Explain the amounts that were excluded from the moving expense deductions. (Select all that apply.) 4. Expenses related to cleaning and minor...
- Q a. Determane the total factory overhesd amourk apylled b. compute the overr- or underapplad ament for the veas
- Q Cul de los siguientes no resulta en un ajuste retrospectivo de la informacin de EPS del perodo anterior?
- Q A special order generally should be accepted if: A. ts revenue exceeds allocated fixed costs, regardless of the variable costs associated with the order. B. excess capacity exists and the...
- Q Once an observation is identified, there are several steps the internal audit function must go through to: do nothing ...
- Q Problem 12-6A Liquidation of a partnership LO P5 Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio. The partners have decided to liquidate their partnership. On the...
- Q Iso Corporation is considering the purchase of new presentation equipment at a cost of P150,000. The equipment has an estimated useful life of 10 years with an expected salvage value...
- Q QUESTION 1 A partnership is a A) firm listed on a stock exchange, in which no owner owns a controlling majority of equity B) business with...
- Q An investor purchases on margin Orange Computer for $30 a share. The stocks price subsequently rose to $50 a share one year later at which time the investor sold the...
- Q Bradbeer Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 17,500 hours. At the end of the year, actual...
- Q T- Accounts is also known as: O a. Balance Sheet O b. Income Statement O c. None of these O d. Ledger - Accounts
- Q Question 1 of 3 , lagement Consulting, Inc. at December 31, 2023, reported the following stockholders' equity: nolders' equity section of the balance sheet.) Data table Stockholders' Equity Paid-In Capital:...
- Q Gregs Breads can produce and sell only one of the following two products: Oven Contribution Hours Required Margin Per Unit Muffins 0.2 $3 Coffee Cakes 0.3 $4 The company has...
- Q Cuntas de las siguientes transacciones aumentaran el capital contable total en el perodo actual? Pagar dividendos a los accionistas. Retrasar el pago de los suministros comprados...
- Q please help on full question ! Oriole provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Oriole charges $80 per...
- Q Hey I just need help with these questions. The questions are in the last picture. Appreciate it! estu. Instructure.com Formatting requirements: The assignment is due...
- Q Need it ASAP please! Gupta Company made the following sales of capital assets this year. What is the effect of the three sales on Gupta's taxable...
- Q The Financial Detective, 2016 Financial characteristics of companies vary for many reasons. The two most prominent drivers are industry economics and firm strategy. Each industry has a financial norm around...
- Q QQ Inc. had pretax accounting income of S291.000 and taxable income of $300,000in 2022. The only difference between accounting and taxable income is estimated product warranty costs of $9,000 for...
- Q The most recently issued Treasuries are referred to as: A when-Issued issues B Off-the-run issues C On-the-run issues D Bid-to-cover issues
- Q 12 pts QUESTION 4(12 marks) The question has got three requirements and IntaSecure produces car seats for children from newborn to be years...
- Q Reese Co. issued 10,000 shares of common stock for $20 cash per share on January 1st. Then, on March 31st it repurchased 5,000 of these common shares to hold as...
- Q BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $5 million and net plant and...
- Q Heinrich Corporation incurred fixed manufacturing costs of $6,000 during 2020. Other information for 2020 includes: Units produced total 750 units. Units sold total 600 units. Beginning inventory was zero. The...
- Q Adjusting entries for expenses are required because: a. some expenses are not recorded as the economic benefits expire over time such as depreciation and insurance. b. some expenses are not...
- Q travel expenses or to perform employment duties away from her employer's place of business. View the information about Lu's family....
- Q On January 1, 2022, Kinney, Inc., an S corporation, reports $26,400 of accumulated E & P and a balance of $66,000 in AAA. Kinney has two shareholders, Erin and Frank,...
- Q Una empresa tiene ventas de GH 1.000. La empresa vende tres tipos de productos. El sesenta por ciento de las ventas son del tipo A, que se vende con un...
- Q Madeline hizo una donacin en efectivo de $30,000 a la Sociedad Estadounidense del Cncer, una organizacin benfica pblica calificada. Madeline detalla sus deducciones y tiene un ingreso bruto ajustado de...
- Q Equipment, December 31, 2014 $65,000 Equipment, December 31, 2015 $72,000 Accumulated Depreciation, December 31, 2014 $39,000 Accumulated Depreciation, December 31, 2015 $30,000 During 2015, the company sold equipment...
- Q Martinez Co. sells $409,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1,...
- Q Maria Alvarez is investing $310,900 in a fund that earns 12% interest compounded annually. (Use the table below.)What equal amounts can Maria withdraw at the end of each of the...
- Q Portsmouth Printing Corporation recently purchased a truck for $38,000. Under MACRS, the first years depreciation was $7,600. The truck drivers salary in the first year of operation was $52,800. The...
- Q A company pay for 25% of its purchases by credit terms n/60, 40% of its purchases by credit terms n/30, and the remaining 35% by a two-month advance payment. The...
- Q Dawn's Technology Co provides computer services to which special sales tax rules apply. The company set up a taxable product/service item for sale and accepted the default Sales Tax category...
- Q Una empresa fabrica y vende un producto a 100 dlares la unidad. Los costos fijos de la empresa son $180 000 y sus costos variables son $40 por unidad. El...
- Q can you deduct your educational expenses from your income tax if you are studying for a post-bachelor college degree? explain
- Q I need help !! Oriole Compary exchanged equipment used in its manufacturing operations plus $4,200 in cash for similar equipment used in the Prepare the...
- Q Accounting 2101 Chapter 5 and 6 Assignment I. Wynn Company uses the periodic inventory system to account for inventories. Information related to Wynn Company's inventory at October 31...
- Q what is the general rule about when to borrow long term or short term state 3 reasons why facilities need to hold cash
- Q Explain the differences between vertical and Horizontal Integration? Discuss the regulations for alterations of capital under Companies Act 2015- Fiji? Discuss two ways in which Corporations can...
- Q If products are alike, then for costing purposes a simple costing system will yield accurate cost numbers. an activity-based...
- Q Which of the following is not relevant for decision making? Gross Profit or Differential revenues?
- Q To guide cost allocation decisions, the fairness or equity criterion is the criterion often cited in government contracts. superior when the purpose...
- Q please answer #5 The Stratton Township Park The Stratton Township Park is located on a piece of property that contains two golf courses, a swimming pool, and 800 acres of...
- Q 1. A four-year Time Deposit with a maturity value of Php 700 is purchased for Php 500. The rate % P.A. is 2. 1. A nominal annual rate of interest...
- Q financing activities include
- Q BE 5-43 Gordons Grocers purchases bread from Buddys Bread Company at $1.45 per loaf. Gordons recently engaged in a customer service contract with Buddys to purchase 20,000 loaves of Buddys...
- Q retained earnings is increased by each of the following except a.net income b.some disposals of treasury stock below cost c.prior period adjustments d.all of these increase retained earnings
- Q The amount of the minimum required distribution from an IRA at age 70 is based on your life expectancy at the time of the distribution. Group of answer choices True...
- Q Con base en la siguiente informacin, calcule la variacin de la tasa de mano de obra directa. Tarifa real 2500 horas a $15,00 Tarifa estndar 2650 horas a $15,50 a....
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