Accounting question and answers for November 18, 2023
- Q Q1) can you give me introduction and background about Accounting For Cryptocurrencies Under IFRS.
- Q 69. According to which of the following concepts, fixed assets are depreciated over their useful life, rather than over a shorter period, on the expectation of early liquidation? A. O...
- Q Once you have completed and checked your work, your employer (KBS company) asked you to create Financial Statements. Be sure to do the Income Statement, Statement of Owners Equity, and...
- Q (Use excel)Pioneer Limited issued a bond on 1 April 2016 for $55,000 with a face value of $60,000 on 1 April 2024. The coupon rate is 8% per annum. 1....
- Q Different types of costing systems are appropriate in specific circumstances"
- Q Question 1 of 30. Which statement best describes how you determine the basis of purchased property? The adjusted basis of the property in the hands of...
- Q Windsor Company estimates that unit sales will be 10,300 in quarter 1; 11,500 in quarter 2; 14,400 in quarter 3; and 18,500 in quart 4. Management wants to have an...
- Q a) Distinguish between research and development (R & D) cost in the context of IAS38 Intangible Assets. b) Should we capitalise or expense R&D expenditure?
- Q x
- Q (4) From the list of audit procedures performed to gather audit evidence, classify the evidence gathered according to one or more (if applicable )of the 9 audit procedures and identify...
- Q Why would a corporation prefer to be seen as ethical? To whom does a corporation owe a duty and what if it finds itself subject to conflicting duties? This...
- Q BrambleCompany is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soup Project Nuts Initial investment $440000 $640000 Annual net income 40000 46000 Net annual cash...
- Q Overhead costs cannot be traced to units of product, so assigning these costs to products requires an allocation method. Group startsTrue or False
- Q business law Outline the principal distinctions between a company and the alternative business vehicles of an ordinary partnership and an LLP.
- Q Questions for a carpentry business. Building houses and such. also selling merchidise that says the same of the company. 1. Explain how the Lower of Cost or Market Rule (LCM)...
- Q 3. Amount of security premium may be utilised for A. O payment of dividend B.meeting routine expenses C.purchases of fixed asset D.writing off preliminary expenses
- Q Cost of capital from all the sources of funds is called A. Specific cost B. Composite cost C. Implicit cost D. Simple Average cost
- Q x
- Q The general fund collects taxes that are legally restricted for use in a future year. The amount of the collections is reported on the general fund's: Select one: A. Operating...
- Q Managerial accountants are most likely found in cross-functional teams with personnel having a background in:Multiple Choicecommunications. real estate. finance. marketing. commercial art.
- Q Issues common shares 1 000 Borrows 400 Repays loan ...
- Q Q3. Explain how three of the following elements can affect estimate of loss reserve. (2 marks) The claims-handling process Policy and exposure forms Inflation Legal trends Environmental factors ...
- Q what kind of changes do you think that all of us might face in the future if we start working to reduce our footprint on the environment? What are some...
- Q Candies Inc. manufactures and sells two products, marshmallowbunnies and jelly beans. The fixed costs are $350,000, and thesales mix is 70% marshmallow bunnies and 30% jelly beans. The unitselling price...
- Q Making explicit reference to relevant academic literature, discuss the role of corporate disclosure and external audit in corporate governance.
- Q 1. Identify the functions of audit risk?
- Q How can we calculate cash flow from operating activities? Explain this with a hypothetical example.
- Q A similarity between American opportunity, credit, and a lifetime learning credit is that
- Q In 2010, Amirante Corporation had pretax financial income of $168,000 and taxable income of $120,000. The difference is due to the use of different depreciation methods for tax and accounting...
- Q explain why it is possible to obtain an inaccurate result using the trial and error method of IRR when a wide difference of two discount rates is used for...
- Q Sprue in casting refers to....... A.Gate B.Runner C.Riser D.Vertical passage
- Q What specific costs would you consider fixed and variable in the gaming industry and why?
- Q Including different theories about the social perspectives on accounting module, their differences and how they could be used in research context, complete the following sentence: SOCIAL THEORY HELPS ME TO............
- Q The term regulation refers to how rule are to be applid
- Q Please help me conduct a PEST analysis for the accounting audit services industry? PEST analysis involves Political/Legal trends, Economic trends, Sociocultural trends, and Technological trends. Any help would be greatly...
- Q The effect of a change in tax rates: 1. Results in a prior period adjustment 2. Is allocated between discontinued operations and continuingoperations 3. Is reportred separately after extraordinary items...
- Q Under NY law, a partnerships income is allocated based on either (1) a method of accounting that is to the satisfaction of the commissioner or (2) an allocation using...
- Q Orange Company has recorded a journal entry with a debit to Accounts Receivable and a credit to Interest Revenue. What is the most likely explanation for the journal entry?
- Q In looking at the investigative process. You are the principle of an organization. In what other scenario would you use this process outside of fraud/financial investigation? In your answer define...
- Q The Tax Cuts Job Act (TCJA) changed the rules for like-kind exchanges so that they no longer apply to personal property. Discuss why the legislators made this change and whether...
- Q Under which depreciation method does the amount of depreciation expenses remains the same throughout the useful life of a fixed asset? (a) Reducing...
- Q what is the exception to the passive income and passive activity?
- Q The audit strategy for an integrated audit lists the specific audit steps related to a financial statement assertion is usually developed before the auditor will sign an engagement letter documents...
- Q As per the rule of Garner V. Murray, the deficiency of the insolvent partner is shared by the solvent partners in their A. Profit sharing Ratio B. Capital Ratio C....
- Q DO IT! 10.3 (LO 3), AP The Rockies Division operates as a profit center. It reports the following for the year ending December 31, 2022. Budget Actual Sales $2,000,000 $1,890,000...
- Q x
- Q is modified opinion necessarily bad? explain briefly
- Q The Allowance for Sales Discounts account:
- Q Un proceso de produccin se muestrea 24 veces con un tamao de muestra de 6 que produce una media general de 22,3 y un rango medio de 0,7. Determine el...
- Q A sinking fund is established to discharge a debt of $20,000 in 25 years. If deposits are made at the end of each 6-month period and interest is paid at...
- Q What are the three main characteristics of bonds? ( 6 Marks )
- Q imagine you are a store manager of one of Woolworths branches located in Melbourne CBD. After a regular stock on Monday, you find some goods were stolen over the weekend....
- Q is the greek debt crisis over ? if so explain in detail.
- Q DO IT! 12.1 (LO 1), AP Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $140,000. It will have a useful life of...
- Q Winston is saving for a trip that hed like to take for his 25th birthday in three years. If he invests $244 at the end of every three months for...
- Q 2- Provide table sheet/ diagram of Cost Structure for Samsung Co. time frame 2019 to 2021.
- Q Does a company have to use GAAP as their accounting basis?
- Q Nowlin Pipe & Steel has projected sales of 76,800 pipes this year, an ordering cost of $4 per order, and carrying costs of $1.50 per pipe. a. What is the...
- Q What is the major difference between the franchiseefranchisor relationship and the agentprincipal relationship? How is the agency relationship used in a corporation and a partnership?
- Q A company has a margin of safety of 25%, a contribution marginratio of 30%, and sales of $1,000,000. a) what is the break even point? b) what...
- Q The tax effect of a net operation loss (NOL) carrybackusually: 1. results in a current receivable at the end of the NOLyear 2. is subject to a valution allowance 3....
- Q The NVP was incorrect. It required a single answer for the large and one for the small.
- Q n/a
- Q Question 18: Fields Corporation has 80,000 ordinary shares outstanding. It declares a $ 2 per share cash dividend on November 1, 20x6 to shareholders of record on December 1, 20x6....
- Q Accrual concept meaning and examples
- Q Budgets create negative attitude or invoke fear amongst employees. Assess this statement.
- Q A self empllyed individual assumes a degree of financial risk under a(n):
- Q As per the rule of Garner V. Murray, the deficiency of the insolvent partner is shared by the solvent partners in their A. Profit sharing Ratio B. Capital Ratio C....
- Q 1. What are the assumptions behind the Pure (Unbiased) Expectations Theory and to what conclusion do those assumptions lead? 2. What is the difference (in words, not numbers) between the...
- Q What is a Wolfson's Children Hospital Jacksonville finance? ex. balance sheet, revenue, assets, liabilities,
- Q Which of the following statements are true for both gratuitous and testamentary transfers? A). A unified credit of up to $1 million reduces the tax on any transfer?...
- Q Please answer with reason for all why the option is correct and why the other options are incorrect.. Share warrants to bearers can be issued against: A. Fully paid up...
- Q In order to prevent a transaction from being recorded more than once, a company should maintain only one book of original entry. True or False?
- Q A sales-volume variance of $36,000 unfavorable and a flexible-budget variance of $56,000 favorable equals: A an efficiency variance of $92,000 favorable. B a static-budget variance of $20,000 favorable. C a...
- Q Cash 244000 Cash Equivalents 65000 Accounts Receivable 195000 ...
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