Accounting question and answers for November 03, 2023
- Q Pina Colada Corp. reported net cash provided by operating activities of $385,700, net cash used by investing activities of $249,500, and net cash provided by financing activities of $70,900. In...
- Q Assignment Choice #1: Corporate Tax Returns Because it is important for accountants to demonstrate the filing requirements for specialized tax returns, for this final project you will be completing a...
- Q More info - fiue of Urdinary Ann pe of $1...
- Q Calculate Depreciation Expense, Accumulated Depreciation, and Salvage value using the following information and MACRS: Item: Copier Date Purchased and Date placed in service: 3/4/2021 Property Type: Personal Recovery Period: 5...
- Q As a new controller, reply to this comment by a manager. As I see it, our accountants may be needed to keep records for shareholders and Uncle Sam, but I...
- Q Which of the following is not a fund category used by state and local governments? Fiduciary funds. Plant and Equipment funds. Governmental funds. Proprietary funds.
- Q You decide to buy a car costing $35,000. You plan to borrow the money at an interest rate of 6% compounded monthly, and pay off the loan using monthly payments...
- Q On June 1, Pina colada inc. issues 3,150 shares of no-par common stock at a cash price of $6 per share. Journalize the issuance of the shares assuming the stock...
- Q Mountain High Ice Cream Company transferred $63,000 of accounts receivable to the Prudential Bank. The transfer was made without recourse. Prudential remits 90% of the factored amount to...
- Q Return to question On January 1, 2017, when the market interest rate was 14%, Luba Corporation issued bonds in the face amount of $500,000 with interest at...
- Q Assume that sales are predicted to be $4,300, the expected contribution margin is $1,978, and a net loss of $310 is anticipated. The break-even point in sales dollars...
- Q is the information provided complete and correct Required information Great Adventures Problem...
- Q Myrtle Company has sales of $243,000, cost of goods sold of $95,300, operating expenses of $23,820, average invested assets of $760,000, and a hurdle rate of 7.75 percent. Calculate Myrtles...
- Q Cash flow per share is measured by Net operating cash flow / Weighted average number of shares on issue. State the effect the following event occurring on the reporting date...
- Q The New Order company uses a predetermined overhead rate based on direct labour costs to apply manufacturing overhead to jobs. For the year ended May 31st, New Orders estimated manufacturing...
- Q To specify a color for an element's background the property used is. Select one: color color-background all of the above none of the above
- Q NEED ANSWERS URGENTLY!!!!? 1.What is an EFT? Why are more companies increasingly using them? 2.There are several reasons why your books (cash account) and your bank statement do not...
- Q Question Content Area Using the following information: The bank statement balance is $3,236. The cash account balance is $3,467. Outstanding checks amount to $735. Deposits in transit...
- Q Fill in the table below. Is the project acceptable or not? Explain the reason
- Q Analyzing Manufacturing Cost Accounts Big Wave Company manufactures surf boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for...
- Q When Greenway, Inc. sells 49,200 units, its total fixed cost is $88,560. What is its total fixed cost when it sells 46,300 units? Multiple Choice $93,780...
- Q The preemptive right enables a stockholder to a. receive cash dividends after other classes of stock with the preemptive right b. retain their ownership interest if additional stock is issued...
- Q Kory operates a sporting goods store. His records indicate that he had sales of $78,000. Customers return $1500 worth of sporting goods because of various defects. His cost of goods...
- Q QUESTION 8 Share buybacks' occur when a company buys back some of the ordinary shares held by existing shareholders. O True O False
- Q Discuss briefly the activity-based costing (ABC) concept and explain how ABC can differ from traditional costing approaches? Consider a healthcare organization with which you are familiar that uses an ABC...
- Q Keepsake Corporation currently produces picture frames in an automated process. Expected production per month is 39,000 units, directminusmaterial costs are $0.47 per unit, and manufacturing overhead costs are $16,500 per...
- Q y 1, 2016 Magna Refrigeration co,. had 100,000 shares of SS par common stock outstanding. The following transactions took place d...
- Q On January 6 , Pharoah Co. sells merchandise on account to Harley Inc. for $10,300, terms 2/10,n/30, On January 16 , Harley pays the amount due....
- Q 2 of 2 (1 complete) - X - the adjusti mation.) Data Table the explanati...
- Q Two items are omitted in each of the following two lists of income statement data. Determine the amounts of the missing items. BIG Co. SmallCo Sales $ 800,000 $757,500 Sales...
- Q Last month Peggy Company had a $38,184 profit on sales of $345,000. Fixed costs are $89,466 a month. What sales revenue is needed for Peggy to break even?...
- Q This Question: 1 pt 40f 40 (1 complete) Wark in process, begining inventory 25,400 units Translerred in during ourment pariod...
- Q Which of the following provides the best method of obtaining an understanding of a continuing client's business for planning an audit? Multiple Choice Reading specialized industry...
- Q in preparing the cash flows from operating activities section of the statement of cash flows by the indirect method the amortization of bond discount for the period is deducted from...
- Q Of the following items, which are considered inventoriable costs? Acquisition costs, freight out, insurance in, salary expense, taxes, utility expense, freight in.
- Q How do you figure out the current quarter's adjustment for fractions of cents on form 941?
- Q A new computer, which had been estimated to cost $28,000, was received. The actual cost of the computer was $29,400. To record this in the special revenue fund, Capital assets...
- Q Which of the following best describes the concept of the "real rate of return" that an asset earns? Group of answer choices It is the actual return that the asset...
- Q The production of Job ACE went much better than planned. In fact, there was a fair amount of good, usable material left over. Mary, the production manager, pulled...
- Q Question 3-Rolexant_costing_short-term investments.and financial reporting issues Is it now 5 July 2024. The SMT has concluded that while the production facility could be...
- Q A taxpayer with a farming loss maybe elect to waive the carryback period for a net operating loss (NOL) by: a Attaching a statement to the reuturn for the carryforward...
- Q how to create a concept map that illustrates the relationship and comparison of banking and non banking institutions; banks and other financial institutions; depositary banks; banks and quasi-banks
- Q In regard to substantive tests which of the following is false? Substantive tests are designed to test controls. ...
- Q DePaul Industries uses the indirect method. Selected information appears below. Net income $370,000 Accounts receivable increase 10,000 Inventory increase 14,000 Loss on sale of equipment 6,400 Accounts payable decrease 7,000...
- Q Supplier Corp. enters into a government contract during the year to provide computer equipment for $1,800,000. The contract consists of a single performance obligation to provide specified equipment in three...
- Q UESTION 14 In regard to analytical procedures which of the following is true? Auditors may perform analytical procedures as part of the planning process for an audit. Auditors must perform...
- Q Below are Madrid.s transactions for the third quarter: Payment of quick response insurance premium for calendar year (payment was made during the 1st quarter)- P400,000 Loss from earthquake-...
- Q A product sells for $30 per unit and has variable costs of $17.50 per unit. The fixed costs are $775,000. If the variable costs per unit were to decrease to...
- Q 1. Izzy's partnership interest basis is $60,000. Izzy receives a proportionate, liquidating distribution from a liquidating partnership of $45,000 cash and inventory having a basis of $20,000 to the partnership...
- Q Describe earnings management techniques in SEC enforcement actions.
- Q El saldo de las utilidades retenidas el 1 de enero de 2010 para Persinger Inc fue de $800,000. Durante el ao, la corporacin pag dividendos en efectivo de $90,000 y...
- Q Record the following transactions as general journal entries. Use the gross-price method. Aug. 6 Purchased $830 of merchandise on account from Johnston Co....
- Q The following data regarding purchases and sales of a commodity were taken from the related perpetual inventory account: June 1 Balance 25 units at $60 ...
- Q The partnership of Jordan and O'Neal began business on January 1, 20X7. Each partner contributed the following assets (the noncash assets are stated at their fair values on...
- Q (a)
- Q El costo de produccin de los productos terminados y terminados durante el perodo ascendi a $400 000 y los productos terminados enviados a los clientes tuvieron costos totales de produccin...
- Q In 2019, Bob and Carol filed a joint return . They had 2 qualifying children. They had $52,494 of wage income and $48,494 of adjusted gross income. Their earned income...
- Q ACC410 Week 10 Assignment Adapted from Government and Not-for-Profit Accounting: Concepts & Practices, 9th edition, by Granof, Khumawala, and Calabrese, Wiley Publishing General Ledger Code Account Description General Ledger...
- Q The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at the end of 2020 and 2021, respectively. The fixed-asset turnover ratio for 2021 was 3.25....
- Q 1. vouchers should be stamped PAID to a. prevent duplicate payment b. generate a new purchase order c. indicate posting and the voucher register d. facilitate preparation of the bank...
- Q What is the theoretical justification for the allowance method of accounting for bad debt?
- Q 1. The effect of cost structure on decisions. 2. The assumptions and limitations of Cost-Volume-Profit analysis.
- Q Luna Company accepted credit cards in payment for $6,550 of services performed during July 2018. The credit card company charged Luna a 2.30 percent service fee; it paid Luna as...
- Q Required information [The following information applies to the questions displayed below.] The following information regarding Mahen, Inc. is...
- Q Problem 11-6A (Static) Net present value of alternate investments LO P3 Interstate Manufacturing is considering either overhauling an old machine or replacing...
- Q An investor purchases a bond paying a stated (coupon) interest rate of 3% when the market rate of interest for the bond is also 3%. Assuming that over the life...
- Q Using Sony SNE latest Sec Report of 2019 Calculate Sony Price-earnings (PE) ratio for 2019
- Q When the net present value-3 method is used, the internal rate of return is the discount rate used to compute the net present value of a * .project...
- Q When a company purchases land with a building on it and immediately tears down the building so that the land can be used for the construction of a plant, the...
- Q What is a highly unreasonable omission or misrepresentation involving an extreme depature from the standards of ordinary care that a practitoner should observe under the circumstance? ...
- Q Al final del trimestre, una empresa hizo un asiento de ajuste para reconocer $1000 de costos de intereses en los que se ha incurrido este trimestre en la construccin de...
- Q The J, a married couple, borrow to invest. Their 2020 investment interest expense paid was 72,500. In 2020 the couple earned taxable interest income of $3,000, Qualified Dividends of 4,350,...
- Q ...
- Q Using these two public companies, Chevron Corp (CVX stock symbol) and Phillips 66 (PSX stock symbol), look up their 12/31/22 annual 10k financial reports, perform research, analysis, and comparisons as...
- Q Sheniqua, a single taxpayer, had taxable income of $91,823. Her employer withheld $15,964 in federal income tax from her paychecks throughout the year. What is the amount of refund would...
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