Accounting question and answers for October 27, 2023
- Q Explain how redeemable preferred shares are used in succession planning for small business corporations. ( Minimum 100 words)
- Q I am needing the following questions answered based on General Motors Company (GM), using the 2019 fiscal year 10-k report 31. How many footnote disclosures does your company have? 32....
- Q Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (i.e., direct materials and direct labor) of its single product...
- Q COCO LAMELA COMPANY Excel Assignment #3 The Coco Lamela Company (CLC) owns the global rights to sell a very fragile glass...
- Q 10,000
- Q The agency theory affected on standards, procedures and concept of accounting, more over effected on theory of accounting, explain?
- Q Good ethical behaviour may require acting beyond the requirement of the law. In a highly competitive complex business world, it is essential that professional accountants maintain their integrity...
- Q 26) A(n) ________ is a supporting schedule that supports a specific amount and is normally expected to tie the amount recorded in the client's records to another...
- Q At the beginning of the year budgeted blueman factory overhead was $336,000, and budgeted machine hours were 8,000. All the jobs that were worked on during the year had 7,900...
- Q The accountant for Indra Ltd (Indra) has determined the following information for the year ended 30 June 2020. Profit or loss P300,000...
- Q when the cost paid by an investor exceeds equity acquired in an associate
- Q A dog training business began on December 1. The following transactions occurred during its first month. December 1 Receives $30,000 cash as an owner investment. ...
- Q please help me to understand by explaining the extent to which state law impacts bankruptcy. 200 words.
- Q The greatest vulneratbilty to inventory theft is having...... (a) a dishonest employee (b) insufficient controls on shipping reports (c) no centralized department for receiving and storing merchandise (d) insufficient controls...
- Q A company is considering two insurance plans with the following types of coverage and premiums: \table[[,Plan A,Plan B],[Fire/Theft,$26,000,$33,000
- Q Kirchhoff Industries has a past history of uncollectible accounts, as follows. Percent Age Class Uncollectible Not past due 2% 1-30 days past due 4 31-60 days past due...
- Q I need some help with this part of the project cant seem to get the FIT amounts right for December 4 and 18, also if there's any incorrect amounts please...
- Q What are the steps of a post-audit in capital budgeting? Check all that apply: A.Verify the accounting numbers pertaining to a project B. Explain differences between actual and predicted results...
- Q creating an agenda create an agenda for a recent meeting you had or a meeting that you will have soon ( it could be a work or school agenda). feel...
- Q Devoluciones de sociedad y corporacin S: A) Llevar sus NOL diez aos atrs. B) No llevar NOLs atrs o adelante. C) Tener la opcin de llevar sus...
- Q Al final del primer ao de operaciones, quedaban 11,250 unidades en el inventario de productos terminados. Los costos unitarios de fabricacin durante el ao fueron los siguientes: Materiales Directos-...
- Q JT Engineering usually pays $21 per pound of copper and uses 300 pounds of copper per 1,000 widgets. Due to the current high demand for copper, JT is...
- Q The auditor would examine a sample of sales transactions throughout the entire period to determine if sales were recorded in the proper period when performing a sales cutoff test. ...
- Q Management uses costing reports to decide all of the following except Group of answer choices : which information to ignore how the reports are to be formatted...
- Q When using the audit risk model, A) auditors are only concerned with understating accounts. B) auditors find it relatively easy...
- Q Excellent Suppliers Limited had a Kia delivery van which they purchased for R378 000 on 1 January 2018. It was estimated that the Kia delivery van will have a residual...
- Q According to section 33 of ITO 1984, which interests income will be considered under the head income from other sources instead of income from interest on securities?
- Q Use the following adjusted account balances to answer the question below: What is net income
- Q Problem 16-15(Static) Comprehensive Ratio Analysis [LO16-2, LO16-3, LO16-4, LO16-5, LO16-6] Skip to question [The following information applies to the questions displayed below.] ...
- Q Hedrick Company Comparative Balance Sheet This Year Last Year Assets...
- Q 39) When the auditor identifies risk at the assertion level, A) the auditor may need to obtain audit evidence that is more...
- Q Matthew Martin, the owner of Innovation Consulting, started the business by investing $40,000 cash. Identify the general journal entry below that Innovation Consulting will make to record the...
- Q 13) Which of the following statements is the most correct regarding errors and fraud? A) An error is unintentional, whereas fraud is intentional. B) Frauds occur more often than errors...
- Q Ejercicio 19-8 All That Blooms ofrece servicios de jardinera respetuosos con el medio ambiente para los propietarios de viviendas. Sus costos de operacin son los siguientes. ...
- Q Critical Thinking Problem 10.1(Static) Payroll Accounting LO 10-2,10-3,10-4,10-5,10-6,10-7Beach Vacations pays salaries and wages on the last day of each month. Payments made on December 31,20X1, for amounts incurred...
- Q Helix Corporation uses the weighted-average method in its process costing system, it produces prefabricated flooring in a series of steps corried out in production departments. Alf...
- Q Paragon Properties built a shopping center at a cost of $50M in year 2010. The purchase of land accounted for $5M of the total cost. The company started leasing space...
- Q VIOLET Company acquired an investment property on March 31, 2019 for 4,830,000. In addition, 210,000 was paid to the local authority as property transfer tax and 280,000 paid to professional...
- Q Question 5. 5. According to some U.S. companies what gives foreign firms a competitive advantage in the capital market? A. The foreign companies don't have standards similar to GAAP. B....
- Q The Clothing Cove has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders equity during 2024, its first year of...
- Q Vanilla House produces non-fat frozen yogurt which it sells to restaurants and ice-cream shops. The product is sold in 10-gallon containers, which have the following price and variable...
- Q Auditors Frequently Audit Statements Prepared on Bases Other Than GAAP. Discuss Four Commonly Used Bases Other Than GAAP
- Q Many have suggested that OSHA penalties are weak and misdirected (aimed at employers rather than employees) to have any significant impact on workplace safety. Do you think that OSHA sanctions...
- Q T/F. Data analytics methodology has made it easier for auditors to examine big data or the entire population of substantive tests.
- Q Discussion on cost and benefit of commercial packages for proposed accounting software. 1000 words - no handwriting-
- Q Bobby is age 62, single, and is a dependent of his daughter. During the current year, Bobby received interest on a bank account of $3,500 and $2,300 from a part-time...
- Q 2. Zulaikha and Ker Xin went to a shop to buy rice. Zulaikha wanted to buy 10kg of rice and Ker Xin wanted to buy RM20 worth of...
- Q El 1 de enero de 20X0, Celt Corp. emiti bonos al 9% por un monto nominal de $1,000,000, con vencimiento el 1 de enero de 20X10. Los bonos se emitieron...
- Q amazon current information systems? The course is Sms
- Q 4. JP Alexander afirma que el concepto de rango relevante es importante solo para los costos variables. a. Explique el concepto de rango relevante. b. Ests de acuerdo...
- Q Classify each account below using the following options: Assets, Liabilities, Equity, Revenue, and Expenses. Inventory Cash Supplies Prepaid Insurance Sales Accounts Receivable Accounts Payable Loans Common Stock Retained...
- Q Exercise 21-3(Algo) Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) folllows. \table[[Fixed Budget],[Sales units $215 per unit),2,580,000...
- Q The Neal Company wants to estimate next year's return on equity (ROE) under different financial leverage ratios. Neal's total capital is $11 million, it currently uses only common equity, it...
- Q Boiler Bakeries borrowed money from Lafayette Savings Bank. The note that Boiler signed requires 6 annual payments fo $20,000 beginning one year from today. The interest rate on the loan...
- Q Evelyn made a business deal with the small B&B and sold them 8 AC units on credit for each 1,250 $. Edgar also made a deal with the local truck...
- Q Please answer the steps this is all 1 Question. Will Upvote!!! On January 1 of Year 1, Lessee Inc. leased equipment at an annual payment of $255,297, payable...
- Q Aadakilerden hangisi faaliyet tabanl maliyetlemenin aamalarndan biri deildir ? oktan semeli Kaynaklar tketen faaliyetleri belirleyin ve bu faaliyetlere maliyet atayn. Maliyet etkeni orann, rn...
- Q During the first 6 months of 2013, Morgan Mining Co.: Purchased the mineral rights to a coal deposit for 200,000 Incurred 50,000 in expenses exploring for the coal Purchased 200,000...
- Q Discussion on cost and benefit of in-house development for proposed accounting software. -no handwriting- 1000words
- Q Money as a means of payments refers only to: Answer a. Actual currency b. Coins and currency c. Coins, currency and credit cards d. Anything that is generally...
- Q 1. Give an example of a government organizations at the federal and provincial levels (20marks)
- Q as the strength of general IT controls weakens, the auditor is most likely to 1. reduce testing of application controls performed by the computer 2. expand testing of application controls...
- Q Your new client, Jennifer, has come to you expressing interest in filing separately. After some discussion, she discloses that she is unemployed, but her husband makes $200,000 per year selling...
- Q Bridgeport Enterprises purchased a machine on January 1, 2024, for $23900. The machine had an estimated useful life of 10 years and an estimated residual value of $3000. Assuming Bridgeport...
- Q What is the taxpayer's statutory income based on the following: Salary received: $75,000; rent received: $15,000; net capital gain: $5,000; Interest received: $3,000 compensation (for...
- Q Amy came tonthe United States under F1 visa sept 15,2017,she returned to England March 15,2018.. On May 2,2018 Amy entered the United States under an H-1 visa. What is her...
- Q Rollins Corp purchases a truck on January 1, 2014, for $114,000. The truck is expected to have a useful life of five years and a residual value of $17,000. The...
- Q The following explanations appeared on last weeks variance report for JT Engineerings purchasing department. Which of these explanations could reflect negatively on the purchasing department? A : regular supplier on...
- Q Sandhill Company had $267,000 of net income in 2021 when the unit selling price was $153, the unit variable costs were $95, and the fixed costs were $574,000. Management expects...
- Q Hello! I need help coming up with a business name for a subscription box company that revolves around Disney. I'm looking for someone who is very creative in coming up...
- Q Monty Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 1 2...
- Q under u.s auditing standards when an auditor believes there is substantial doubt about the ability of an entity to continue as a going concern, all of the following should be...
- Q Compare and contrast the purposes of adjusting entries and closing entries. 2. a) Which of the following accounts would be included on a post-closing trial balance. b) Which of the...
- Q Define offshore outsourcing and explain its pros and cons
- Q How the role of the cost accountant has changed since the late 1970s/early 1980s
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