Accounting question and answers for July 16, 2023
- Q Pardoe, Inc., manufactures a single product. The company uses astandard cost system and has established the following standardsfor one unit of product:StandardQuantity of inputsStandard Priceor Rate per inputStandardCost per unitDirect...
- Q Company name: ikeGPS Group Ltd Discussion (Use NZX website, fromits financial profile, we could get this chart for 4 years.) Annualreport from NZX website, is used to analysis this company.DiscussionFinancial...
- Q HOW TO ENTER PRIOR ACCUMULATED DEPRECIATION 179 BONUS ON CURRENTTAX YEAR
- Q Company name: ikeGPS Group LtdDiscussion(Use NZX website, from its financial profile, we could get thischart for 4 years.)Annual report from NZX website, is used to analysis thiscompany.LiquidityIntroduce why it is...
- Q Part 2:Explain the following managerial accounting terms and provide areal-life example for eachaccounting term:administrative expenses and selling expenses. Explain why each accounting term iseither classified as a product cost or...
- Q ***Please complete the "Total market value of shares for Feb 5thand Feb 28th[The followinginformation applies to the questions displayed below.]The stockholders’equity of TVX Company at the beginning of the day...
- Q 5.what is a Digital Dashboard? How does it benefit thebusiness?
- Q The following balance sheet data are reported for BrownleeCatering at September 30, 2015Accounts receivable ... $17,000Notes payable ... $12,000Equipment ... $34,000Supplies Inventory ... $9,000Accounts payable $24,000Cash ... $10,000Common Stock ......
- Q Using the formula: Par value of bonds less unamortized issuancecosts less unamortized discount or plus unamortized premium, answerthe three questions below. Be show to show your work, as I givepartial...
- Q On August 1, supplies were purchased; Accounts Payable wasdebited and Supplies credited for $1,500. The account was due inOctober, and $700 of these supplies were on hand at the end...
- Q Asset acquisition vs. stock purchase (fair value equals bookvalue)Assume that an investor purchases the business of an investee. Theinvestee company reports the following balance sheet on theacquisition date:Cash$2,800Accounts payable$5,600Accounts receivable5,600Accrued...
- Q Hi, the basis for conclusion is the most important part. Ifsomeone has a case or two that applies to the basis that would beawesome.FACTS: Bret and Samantha Woodley have been...
- Q Current liabilities include:A.Accounts receivableB.Unearned revenues.C.Portion of long-term debt that will be paid with noncurrentassetsD.All of theseE.None of these.
- Q Define how managerial accounting differs from financialaccounting. Be sure to address the diverse users of managerial andof financial accounting and provide examples of how at least fiveusers would utilize accounting...
- Q Dempsey Railroad Co. is about to issue $290,000 of 6-year bondspaying an 12% interest rate, with interest payable semiannually.The discount rate for such securities is 10%.Click here to view the...
- Q Question 6: Amortized Cost and FV-NI Investments in Bonds The following information relates to the debt investments ofSarasota Inc. during a recentyear:1.On February 1, the company purchased Gibbons Corp. 10%...
- Q Electrics Ltd is a Sydney-based public company which produces electronic equipment. Popper is the managing director and the otherdirectors are Jones and Brown. Popper, through his holding ofproxies for several institutions, is in...
- Q The role of accounting education is a challenging question. Isthe purpose of university accounting education to prepare studentsfor professional practice? Or is the role of university accountingeducation to understand accounting?Should...
- Q There are a range of accounting stereotypes relevant to theprofession.These include appearance and personality stereotypes.Accountants are boring! Evaluate why this stereotype has becomeattached to accounting and why this stereotype is...
- Q For many, the idea of 'accounting regulation' is a fairlyboring, mundane topic. It is something that exists. We are aware ofaccounting standards, we need to follow them. In some senses,...
- Q Write a high-impact headline for linkedIn.....plzz ans asap...
- Q PLEASE DO NOT COPY PASTE FROM SOMEWHERE ELSEAt times management must make decisions that involve choosingbetween alternative courses of action. Incremental analysis is amethod that is used in the decision...
- Q 1.Markham Company makes two products: Basic Product and DeluxeProduct. Annual production and sales are 1,800 units of BasicProduct and 1,400 units of Deluxe Product. The company hastraditionally used direct labor-hours...
- Q The financial statements for Castile Products, Inc., are givenbelow:Castile Products, Inc.Balance SheetDecember 31 Assets Current assets: Cash$21,000 Accounts receivable, net260,000 Merchandise inventory330,000 Prepaid expenses10,000 Total currentassets621,000 Property andequipment, net900,000 Total assets$1,521,000 Liabilitiesand Stockholders' Equity Liabilities: Current liabilities$300,000 Bonds payable, 10%360,000 Totalliabilities660,000 Stockholders’equity: Common stock, $5 par...
- Q At the balance sheet date, Clarkson Company held title to goodsin transit amounting to $214,000. This amount was omitted from thepurchases figure for the year and also from the ending...
- Q What is included in the valuation of Inventory?What expenditures are included in Inventory?
- Q Shelly is having to review her A/R for her practice. She has apatient who earlier in the year was written off as a bad debt. Thatpatient has now paid on...
- Q Revaluation of property, plant and equipment You are theaccountant for Superstar Ltd, and you are required to account forthe company’s equipment for the years ended 30 June 2017 and 30June...
- Q Impairment of assets Foodie Ltd has two separate cash generatingunits, ‘Fizzy Drinks’ and ‘Ice creamery’. At 30 June 2018, thecarrying amounts of the assets of the units, valued pursuant to...
- Q describe three qualitative factors tin Apple hat would beimportant for management decision-making. Then, assess each of themin order of importance. Given your assessment, justify a situationwhere the qualitative factors would...
- Q 1. Which of the following entities appears not to be a goingconcern?a. Company M’s management is unable to extend its long-term loan,and, given its lossesin recent years, it is unlikely...
- Q Portions of the financial statements for Parnell Company areprovided below.PARNELLCOMPANYIncome StatementFor the Year Ended December 31, 2016($ in 000s) Revenues andgains: Sales$720 Gain on sale of buildings11$731 Expenses andloss: Cost of goods sold$260 Salaries112 Insurance32 Depreciation115 Interest expense42 Loss on...
- Q Comparative balance sheets for 2016 and 2015 and a statement ofincome for 2016 are given below for Metagrobolize Industries.Additional information from the accounting records of Metagrobolizealso is provided. METAGROBOLIZE INDUSTRIESComparative Balance...
- Q Comparative balance sheets for 2016 and 2015 and a statement ofincome for 2016 are given below for Metagrobolize Industries.Additional information from the accounting records of Metagrobolizealso is provided.METAGROBOLIZE INDUSTRIESComparative Balance...
- Q On November 1, the firm of Sails, Welch, and Greenberg decidedto liquidate their partnership. The partners have capital balancesof $58,200, $72,490, and $9,940, respectively. The cash balance is$31,570, the book...
- Q 1. The cost-allocation system Choice Hotels has been usingallocates over 90 percent of overhead costs to the Standard GuestRoom and the Junior Suite, because over 90 percent of the modelsproduced...
- Q Determine whether each statement is true or false.A. Freight costs incurred in shipping products to customers isproperly referred to as a product rather than period cost of theselling company.B. Period...
- Q Summarize International Accounting Standard 21, the effects ofchanges in foreign exchange rates; and International AccountingStandard 39, Financial Instruments, recognition andmeasurement.
- Q QUESTION 1Wisliv Ltd was incorporated on the 01/06/16. The opening balancesheet of the company was as follows: Cash at bank GHS984000, sharecapital (60,000 ordinary shares of GHS 16.40 each)GHS984,000.During June...
- Q Casey Nelson is a divisional manager for Pigeon Company. Hisannual pay raises are largely determined by his division’s returnon investment (ROI), which has been above 24% each of the lastthree...
- Q At December 31, 2017,Cord Company's plant asset and accumulated depreciation andamortization accounts had balances as follows:CategoryPlant AssetAccumulated Depreciationand AmortizationLand$180,000$—Buildings1,750,000333,900Machinery andequipment1,375,000322,500Automobiles andtrucks177,000105,325Leaseholdimprovements226,000113,000Landimprovements——Depreciation methods and useful lives:Buildings—150% declining balance; 25 years.Machinery and...
- Q Comparative financial statement data for Carmono Companyfollow:This YearLast YearAssetsCash$5.00$9.00Accounts receivable40.0033.00Inventory80.0066.20Total current assets125.00108.20Property, plant, andequipment216.00184.00Less accumulateddepreciation41.6031.20Net property, plant, andequipment174.40152.80Total assets$299.40$261.00Liabilities andStockholders’ EquityAccounts payable$48.00$41.00Common stock98.0076.00Retained earnings153.40144.00Total liabilities andstockholders’ equity$299.40$261.00For this year, the...
- Q 1. AB 99 lists eight qualitative factors that impact thedefinition of materiality. List all eight of these qualitativefactors, and explain five.2. Define Disclosure Fraud and list and explain four examples...
- Q Many companies publicly describe their performance using termssuch as “EBITDA” or “earnings purged of various expenses” becausethey believe these terms more effectively reflect their companies’perfor-mance than GAAP-defined terms such as...
- Q The Elberta Fruit Farm of Ontario always has hired transientworkers to pick its annual cherry crop. Janessa Wright, the farmmanager, just received information on a cherry picking machine thatis being...
- Q Peter wants to sell one of his cars that has a diesel motor tohis nephew Brett. Brett is eager to purchase the car but Brett doesnot realise that one of...
- Q what are some challenges that publicly traded companies haveencountered in implementing the changes that Sarbanes-Oxley hasmandated related to audit committees?
- Q The Prince-Robbins partnership has the following capital accountbalances on January 1, 2018: Prince, Capital $ 170,000 Robbins,Capital 160,000 Prince is allocated 70 percent of all profits andlosses with the remaining...
- Q Flounder Company is in the process of preparing its financialstatements for 2017. Assume that no entries for depreciation havebeen recorded in 2017. The following information related todepreciation of fixed assets...
- Q You have been assigned to examine the financial statements ofIndigo Company for the year ended December 31, 2017. You discoverthe following situations.1.Depreciation of $3,200 for 2017 on delivery vehicles was...
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!