Accounting question and answers for July 26, 2023
- Q Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $774.41 at the end of every month over nine years. If interest is 7.6% compounded...
- Q If the beginning retained earnings was $10,000 and the company had a net income of $15,500 in dividends and had ending retained earnings of $5,000, what were the dividends for...
- Q Francis, Inc. acquired 40% of Park's voting stock on January 1, 2020, for $420,000. During 2020, Park earned $120,000 and paid dividends of $60,000. During 2021, Park earned $160,000 and...
- Q Do you believe it is a good idea for Governments and Governmental Not-for-Profits to have a separate standard-setting authority from Businesses and Non-governmental Not-for-Profits (GASB vs FASB)? Include support for...
- Q Jack, a geologist, had been debating for years whether or not to venture out on his own and operate developed a lot of solid relationships with clients, and...
- Q Choose relevant or not relevant for each blank. When deciding whether to sell as is or process a product further, joint costs are considered ____________________ and process further costs are...
- Q Baldini's Restaurant purchased a new building with the surrounding land. The price paid was $1,200,000, including the commission charged on the sale. An appraisal of the land and building at...
- Q The inventory costing method that reports the most current prices in ending inventory is a. LIFO. b. average cost. c. specific identification. d. FIFO
- Q Min Li is auditing RRR Services Inc. and has designed the following tests: 1. Select 150 cancelled cheques (8 percent of the total number of cheques) at random from...
- Q Take a position for or against the following proposition and defend it: The distinction between shipment and destination contracts for the purpose of deciding who will bear the risk of...
- Q List the 2018 federal and California differences.
- Q Please solve this by excel solver, please do it yourslef and do not paste any other wrong answers Problem 2 [30 points]: An...
- Q Requirement 1. Compute the missing amount (?) for each company. (Amounts are in millions.) (Enter a "0" for any zero amounts.)
- Q Which one of the following inventory methods is a gas station most likely to use? Specific identification ...
- Q Esquire Clothing is a manufacturer of designer suits. The cost of each suit is the sum of three variable costs (direct materiais...
- Q You are a supply manager for a major distributor. The CEO has strongly encouraged that you buy lighting products for the new municipal stadium from a supplier that...
- Q Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of $6.00 per gram. In January...
- Q Kelly Company acquired an iron mine for $2,349,000. Kelly paid a $1,000 filing fee with the county recorder, $50,000 license fee to the state, and $100,000 for a geologic survey....
- Q Alpha and Beta are divisions within the same company. The managers of both divisions are evaluated based on their own division's return on investment (ROl). Assume the following information relative...
- Q The individual financial statements for Abbey Company and Bellstar Company for the year ending December 31, 2024, follow. Abbey acquired a...
- Q Please use this discussion forum to introduce yourself to, and begin learning about, your peers. Please post a message which includes the following information: Your name. Your hobbies or...
- Q ABC company's Inventory balance at 12/31 of the current year was $200,433 and was $190,043 at 12/31 of the previous year. Its Accounts Payable balance at 12/31/current year was $79,090...
- Q Please help prepare the ratios. Thank you!!!! M. Lieberthal Inc. M. Lieberthal Inc. Income Statement Comparative Balance Sheets For years ended December 31, 2017 and 2018 December 31,...
- Q Is the economic entity or the parent concept more consistent with the principles addressed in the FASB's conceptual framework? Explain your answer.
- Q Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product. Production volume 13,700 units 15,000 units...
- Q What are the objectives of budgeting? What problems may arise if budget goals are set too tightly? What problems may arise if budget goals are set too loosely
- Q How should a U.S firm that currency exports only to ASEAN countries respond to the creation of a single market in this regional grouping
- Q A member of the board of directors is puzzled by the fact that the firm has had a very profitable year but does not have enough cash to pay its...
- Q A favourable material price variance could result from: i. quantity discounts ii. the use of lower grade of material in production iii. the use of higher grade of material...
- Q A trial balance before adjustment included the following: Debit Credit Accounts receivable 90,000 Allowance for doubtful accounts 730 Sales 360,000 Sales returns and allowances 8,000 Give the journal...
- Q Why would you choose any of the cost benefit analysis over the other in evaluating a single project and a mutually exclusive projects and why. Benefit cost ratio Bet present...
- Q The income statement of Teal Mountain Inc. is presented here. Teal Mountain Inc. Income Statement For the Year Ended November 30, 2017 Sales revenue $7,663,600 Cost of goods sold Beginning...
- Q explain the concept of an implicit tax and how implicit taxes are related to the concept of tax-induced investment clienteles. explain what would likely happen to residential house prices if...
- Q Nickleson Company had an unadjusted cash balance of $9,432 as of May 31. The company's bank statement, also dated May 31, included a $93 NSF check written by one of...
- Q ____ 18. The tax benefit received from a tax credit is affected by the tax rate of the taxpayer. True/False Indicate whether the statement is true or false....
- Q need help! When a note receivable is honored, Cash is debited for the note's net realizable value. maturity value. gross realizable value. tace value
- Q Based on your reading of Chapters 1 and 2, distinguish between audit, attest, and assurance services. Give examples of each service. Share with us if you have any work place...
- Q need help as soon as possible the deadline is approching. the red boxes are incorrect for both the janurary transactions and adjustments ...
- Q A product sells for $100 and has the following cost per unit: If the company's total fixed cost is $120,000, what is the company's breakeven in...
- Q Marilyn Terrill is the senior auditor for the audit of Uden Supply Company for the year ended December 31,20X4. In planning the audit, Marilyn is attempting to develop...
- Q On January 1, 2018, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 259,000...
- Q Gamma had income before taxes of $500,000 and a tax rate of 35%. Included in this income are $60,000 in municipal bond interest and $10,000 in non-deductible fines and penalties....
- Q Prepare a vertical analysis (in percentage form only) of the following Income Statement. Show and label your work. (1 point each) Net Sales Revenue $450,000 ...
- Q Healthy Malaxed the Pelowing terrain Cick here to see the transactions. Faalaants Journal Entry Accounts Dale Debit Cracit 2015 Jan 31 Cash 92,440 92,000 Nole Receivable - Buffalo...
- Q ...
- Q I have managerial accounting test in hour 50 questions i will pay outside this with paypal email me please [email protected]
- Q Your main responsibility on the work term placement from your robotics program in college is making design revisions requested by customers. The process seems more time-consuming than it needs to...
- Q Problem 3-7(Algo) Profitability ratios [LO3-2] The Haines Corporation shows the following financial data for 201 and 202 : \table[[,20\times 1,20\times 2],[Sales,$3,470,000,$3,270,000],[Cost of goods...
- Q The income statement for the month of June, 2015 of Camera Obscura Enterprises contains the following information: \table[[Revenues,$7,000
- Q Marlow Company purchased a point of sale system on January 1 for $7,200. This system has a useful life of 10 years and a salvage value of $1,300. What would...
- Q What is the Codification? A. The method by which accounting standards developed over time B. The hierarchy of accounting standards, organized from most important to least important C. The source...
- Q $ 24 Cane Company manufactures two products called Alpha and Beta that sell for $210 and $172, respectively....
- Q Linda
- Q Luther and Lexi are married and file a joint return. Luther and Lexi were enrolled in their Marketplace second lowest cost silver (SLCSP) high deductible health...
- Q 10. Suppose the rule for lottery is the following: Each lottery ticket is $1, on which a buyer chooses 6 numbers from {1, 2, 3, ...,...
- Q What factors would influence the inventory levels for a company? How would one determine the optimum level?
- Q 1. Q1 A furniture company uses sunmica tops for tables. It provides the following data: St. Quantity for sunmica per table4 sq. ft St. price per sq. ft of sunmicaAED...
- Q Case Study In July 2016, Josh Gavidia and Rae Dineda, co-owners of Style Inc. (Style), a fine bespoke tailoring company, wondered how to increase the companys profitability. Over the past...
- Q Department W had 2,667 units, one-third completed at the beginning of the period, 12,076 units were transferred to Department X from Department W during the period, and 579 units were...
- Q company B remitted HST owing to the government date description DR CR warranty 1. Company A sold 10000 items at a cost...
- Q Steel City Services is a small startup company that provides computer consulting services. The company
- Q Greenville has provided the following information from its General Fund Revenues and Appropriations/Expenditure/Encumbrances subsidiary ledgers for the fiscal year ended. Assume the beginning fund balances are $150 (in thousands) and...
- Q Carice Martin is planning to sell a piece of capital equipment which can be sold for more than its cost. If she waits until after her companys year end to...
- Q Cost Accounting Fundamental of Cost Accounting 4th Edition Can someone please explain and show examples of the below descriptions? Chapter 9: 1. Understand how a two-stage product costing system works...
- Q The Crick foundation, a private not-for-profit entity, starts in 2020 with the beginning balances shown below. Crick Foundation has one major program (health care) and two supporting services...
- Q Consider the following data table: The above data table has: a. a composite primary key b. a transitive dependency c. a repeating group d. a partial dependency e....
- Q The total book value of WTCs equity is $13 million, and book value per share is $26. The stock has a market-to-book ratio of 1.5, and the cost of equity...
- Q Hello! I'm having trouble with these two practice problems. Is there anyone who could help me understand it? 4. 5a 5b 5c...
- Q If a fixed asset is acquired and placed in usage on March 22,2020 , it is to be depreciated on Dec 31,2020 for 9 months only....
- Q What is the role of accountants in an office environment
- Q why it is necessary to use these inputs when developing the project communications management plan. why it is necessary to use these inputs when developing the project...
- Q what are the incentives for selling accounts receivable? will this be hard for auditors to find out during audit?
- Q Barnaby & Sons receives a large shipment of goods from its supplier. It pays $58,000 at the time of delivery and promises to pay the remaining $42,000 within the next...
- Q Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $171,000, has an estimated useful...
- Q 13. La cuenta de renta no devengada tiene un saldo de $60,000. Si $4,000 de los $60,000 no se han ganado al final del perodo contable, el monto del asiento...
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