Accounting question and answers for September 13, 2023
- Q macroeconomics
- Q Dubberly Corporation's cost formula for its manufacturing overhead is $31,400 per month plus $56 per machine-hour. For the month of March, the company planned for activity of 8,060...
- Q QUESTION 1 In a vertical analysis of the balance sheet the 100% amount is a. Current assets b. Working capital Total assets d. Total stockholders' equity QUESTION 2...
- Q what is the basis of Equipment 2 and Equipment 3 for corporation in the example of "In exchange for 300 shares of common stock valued at $300,000 Dr. T contributes...
- Q Boeing Corporation has just issued a callable (at par) three-year, 5.2 % coupon bond with semi-annual coupon payments. The bond can be called at par in two years or anytime...
- Q Cul de los siguientes no es un gasto organizacional corporativo que puede ser amortizado? a. El costo de la reunin organizada b. Tasas pagadas al estado para la...
- Q On January 1,2025, Blossom Company purchased 8% bonds having a maturity value of $280,000 for $303,589.66. The bonds provide the bondholders with a 6% yield. ...
- Q Take one of the two gig economy : freelance web designer or Vintage clothing online store. complete the Schedule C and explain how you arrived at the numbers on your...
- Q Malley Corporation provided the following information on December 31, 2020: Employees income taxes withheld P 900,000 Cash Balance in AAA State Bank 3,500,000 Cash overdraft at BBB State Bank 1,200,000...
- Q Northern Lights, Inc. has monthly fixed costs totaling $210,000, monthly variable costs totaling $78,000, and variable costs of $10 per unit. Each unit of product is sold for $40. The...
- Q Windsor tiene saldos de cuenta al final del ao de Ingresos por ventas $839,807, Ingresos por intereses $13,020, Costo de bienes vendidos $534,832, Gastos administrativos $193,450, Gastos por impuestos sobre...
- Q Last year Idaho Steel Corporation had a taxable ordinary income of $2 million and a capital gains income of $500,000. The company also had $50, 000 in dividend income and...
- Q Man merged with San Corporation in a business combination in which San issued 30,000 shares of its $5 par (current fair value $20 a share) common stock to stockholders of...
- Q 1.) When a company has preferred stock in its capital structure, what amount should be used to calculate noncontrolling interest in the preferred stock of the subsidiary when the company...
- Q Heritage Ltd. was organized on January 2, 2023. The following investment transactions and events occurred during the following months: Assume that Heritage has a significant influence over Port...
- Q Financial information exhibits the characteristic of consistency when: Question 47Select one: a. Stand-alone assets b. A discontinued operating segment and Stand-alone assets and liabilities that form a distinct group within...
- Q Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales April 74,000 May 85,000 June 114,000 July 92,000...
- Q Margaret Duffy Company tiene la siguiente informacin disponible: Costo presupuestado de materiales directos en 900 000 unidades $900 000 Costo presupuestado de materiales directos en 820 000 unidades $820 000...
- Q Acker Inc. emite 5,000 acciones preferentes de valor nominal de $100 a cambio de efectivo a $130 por accin. Registrar en el diario la emisin de las acciones preferentes
- Q Read the 5 paragraphs under Contingencies in the continuation of Note 10. Why is this note provided? How does the company react when litigation goes against the company? If you...
- Q A firm has 2,280,000 authorized shares, 540,000 issued shares, and 370,000 outstanding shares before retiring shares on August 13th. The shares have a par value of $0.11. On August...
- Q La relacin entre el pasivo y el capital contable de una empresa es la siguiente... ______________________2019_____________2018______ Pasivos totales $. 550,000 $400,000 Capital contable total $ 900,000 $...
- Q Reeves Company is preparing its master budget for July. Use the given estimates to determine the amounts necessary for each of the following requirements. (Estimates may be related to more...
- Q What is the total overhead applied to Product P4 under activity- based costing? Weirick, Inc, manufactures and sells two products Product T8 and Praduct...
- Q Kutlow Inc. had cost of goods sold of $112,000 for the year ended December 31, 2011. The finished goods inventory on January 1, 2011 was $28,000 and the finished goods...
- Q What are prepaid expenses? Give four examples.
- Q IS overtime a premium cost
- Q If the carrying amount of the subsidiary's preferred shares is $240,000 and the parent company acquires 60% of the subsidiary's preferred shares at a cost of $150,000, what effect will...
- Q Una empresa vende un activo de planta que originalmente costaba $180 000 por $60 000 el 31 de diciembre de 2010. La cuenta de depreciacin acumulada tena un saldo de...
- Q Please help with the following questions, 46) In the graph above, suppose the government mandates that the price of wheat rice can be no lower...
- Q A taxpayer with a farming loss may elect to waive the carryback period for a net operating loss by
- Q A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers....
- Q Costello Corporation reported pretax book income of $501,000. During the current year, the reserve for bad debts increased by $7,000. In addition, tax depreciation exceeded book depreciation by...
- Q The 2021 beginning and ending trial balances of a German subsidiary of a U.S. company appear below, in euros. 1-Jan 31-Dec...
- Q What is the role of accounting in business? Expound your ideas and give me some real-life examples of the application
- Q Which of the following is NOT a possible legal risk that can result from improperly conducted interviews? Question 58 options: ...
- Q VAUGHN COMPANY Income Statement For the Year Ended December 31,2022 Service revenue $970,800 Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets...
- Q Pepper Company adquiri el 60 por ciento de las acciones ordinarias de Safton Corporation el 31 de diciembre de 20X9. En la fecha de adquisicin, Pepper posea terrenos con un...
- Q Please help with this: For the first quarter of 2019, do the following. ...
- Q Inc. recorded sales of $1,300,000 in 2018, in addition the companys accounts receivable balance grew from $120,000 at the beginning of 2018 to $165,000 at the end of 2018. How...
- Q the total revenue numbers over the past 5 years for tag it corporation were as follows, 2018, 72,710, 2019, 75,360, 2020, 78,112, 2021, 93,561, determine whether you think tag it...
- Q Under PCAOB requirements, auditors of public companies are required to disclose
- Q 13-4\ Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $54,900; total assets, $249,400; common stock,...
- Q Sunland Company sells a product for $50 per unit. The fixed costs are $860000 and the variable costs are 60% of the selling price. As a result of new automated...
- Q Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 104. (Credit accetint titles are automatically...
- Q Foster Florist speciales in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concering itsual overhead...
- Q How do these analytical procedures that you perform during the planning phase of the audit differ from analytical procedures conducted during the fieldwork or late stages of an audit
- Q Sheridan Inc. shows a balance of $515,350 in the Accounts Receivable account on December 31,2023. The balance consists of the following: installment accounts due in...
- Q Ken Gorman is a maitre d' at Carmel Dinner Club. On February 1, 20-- his gross pay was $800 (three days working, one paid vacation day, and one paid sick...
- Q 16) Cari yln 31 Aralk tarihindeki alma stou 44.000$'dr. Proses ii i envanteri yl boyunca %60 artt. retilen mallarn maliyeti 275.000 ABD dolardr. Cari ylda yaplan toplam retim maliyetleri nelerdir?...
- Q At April 30, partners' capital balances in Cullumber Company are G. Donley $55,120, C. Lamar $50,880, and J. Pinkston $19,080. The Lamar's capital balance is $33,920 after...
- Q Prime Products hopes to borrow $93,000 on April 1 and repay it plus interest of $1,280 on June 30 . The following data are available for the months...
- Q David R. and Ella M. Cole (ages 39 and 38, respectively) are husband and wife who live at 1820 Elk Avenue, Denver, CO 80202. David is a self-employed consultant specializing...
- Q El ao pasado, Ace carg $3,013,333 de depreciacin en el estado de resultados de Andrews. Si a principios de este ao Ace comprara un nuevo activo depreciable, el efecto en...
- Q 1. Budgetary control and standard costing have the common objective of cost control by establishing pre-determined targets. These two techniques are similar in certain respects but differ in respect of...
- Q Three years ago, James Matheson bought 200 shares of a mutual fund for $29 a share. During the three-year period, he received total income dividends of $1.90 per share. He...
- Q How important is it to trace costs appropriately? Explain. As you are beginning to think about the importance of tracing costs appropriately, please consider the differences between variable costing and...
- Q Complete the payroll register. Round to two decimals. 2. Journalize Company's salaries and wages expense accrual for the current pay period. 3. Journalize Company's expenses for...
- Q Anita paints portraits in her spare time. She earned $6,600 painting portraits during the year and incurred expenses as follows: Supplies $3,300 Gallery rent 1,200 Advertising expenses 225 Postage and...
- Q (a) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2022. (b) Show the balance sheet presentation of accounts receivable on December 31, 2022. (c) On March...
- Q Down Under Products, Ltd. of Australia has budgeted sales of its popular boomerang for the next four months as follows: April Unit Sie 50.000 75,000 90,000...
- Q Which of the following is true of management accounting information? A. It is prepared based on SEC rules and FASB accounting principles. B. It focuses on documenting past business actions...
- Q calculate following ratios and show the rules: Inventory Turnover, Average Collection Period, Average Payment Period, Fixed Asset Turnover, Total Assets Turnover, Debt Ratio, Operating Profit Margin, Return on Equity...
- Q How would you determine the level of internal control? What would be the acceptable error/theft/loss in your inventory for example?
- Q Terra Cotta Designs manufactures custom tiles. The following information relates to the fiscal year ending December 31, 2014:...
- Q Mr. Duncan has decided to eliminate preferred stock as one of the alternatives and focus on the others. EduSofts investment banker estimates that EduSoft could issue a bond-with-warrants package consisting...
- Q If you now buy a ten year 1000 face vale bond currently priced at $984, and the coupon pays7% annually, what is the coupon payment if the market interest rate...
- Q in March 2020. Airbnb completed a 4-for-1 stock split. Immediately before the split, Airbnb had 526200 common shares outstanding trading at US$41 per share. Required: How many shares did Airbnb...
- Q Frauds are notoriously difficult to detect in a timely fashion. How do you think management and internal audit can improve the timeliness and effectiveness of fraud detection? What can...
- Q Cul de los siguientes es un beneficio derivado del presupuesto? El presupuesto enfoca la atencin de la gerencia en el desempeo pasado. La presupuestacin evita la necesidad de...
- Q On May 31, 2020, the current fair values of Subsidiarys inventories and plant assets (net) were $40,000 and $180,000, respectively; whereas the currying amounts of these assets were $50,000 and...
- Q What are three reasons why companies purchase investments in debt or stock securities
- Q Whirlie Inc. emiti $300,000 de valor nominal, 10% pagado anualmente, bonos a 10 aos por $319,251 cuando el mercado de inters era del 9%. La empresa utiliza el mtodo de...
- Q
- Q i will rate it s from discontinued oper from discontinue Bluebell Products, Inc provided the following information from its current-year trial balance ...
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