Accounting question and answers for March 01, 2024
- Q Investor Inc. owns 40 percent of Alimand Corporation. During the calendar year 20X5, Alimand had net earnings of $100,000 and paid dividends of $10,000. Investor accounts for this investment using...
- Q Crane, Inc. reported actual sales of $2,045,000 and fixed costs of $347,650. The contribution margin ratio is 25%. Compute the company's margin of safety in dollars and the margin...
- Q this would be an example on how i can do rhis problem
- Q Problem 6-6B (Algo) Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value (LO6-2,6-3,6-4,6-5,6-6) ...
- Q Shamrock Corporation wishes to exchange a machine used in its operations. Shamrock has received the following offers from other companies in the industry. 1. ...
- Q QUESTION 11 Of the following, which is the least persuasive type of audit evidence? O A. Documents mailed by outsiders to the auditor O B. Correspondence between...
- Q Will leave a thumbs up! The year-end pre-closing trial balance for the Chance County Woodland Park Capital Projects Fund is provided below. a. Prepare the...
- Q You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you...
- Q New York imposes a corporate franchise tax on all domestic corporations which are incorporated in the state and on foreign corporations for (1) doing business, (2) employing capital in NY,...
- Q The Turbo Speedboat Company has just acquired new manufacturing equipment. No down payment was made, but four year-end payments of $2,400 will be required to pay for the machine. If...
- Q Question 3: The Adrenaline company manufactures ATVs. Adrenaline manufactures two types of ATVs: Regular and Hyper. The Hyper ATV uses a special Turbo engine, which increases the acceleration and...
- Q You are a senior accountant in an accounting firm in Australia. Your senior manager has asked you to assist your client, Cherry Ltd, in the preparation of consolidated...
- Q 9- The company sent a purchase order for a printer for the amount of SR 1,500 from supplier XYZ and was paid before the printer arrived. What is the entry...
- Q Laredo, Inc. has a contribution margin ratio of 45%. This month, sales revenue was $200,000, and profit was $40,000. If sales revenue increases by $20,000, by how much will profit...
- Q Dunder Company traded machinery with a book value of $1,080,000 and a fair value of $1,800,000. It received in exchange from Kojack Company a machine with a fair value of...
- Q On January 1, 2013, Z S.A. acquires a machine for 15,000. Payment is made in cash on the same date. The machine is immediately available for use. The residual value...
- Q Can anyone help determine what I have wrong or what am I missing? Required information (The following information applies to the questions displayed below.) Sierra Company manufactures...
- Q Help with Adjusted journal entries and income statement. 3. Post daily to the Accounts Receivable Subsidiary Ledger and the Accounts Payable Subsidiary...
- Q Allen, Inc., has a contribution margin of 39% and fixed costs of $201,747. What is the break-even point in sales dollars?
- Q On January 1, 2020, Abbey acquires 90 percent of Benjamin's outstanding shares. Financial information for these two companies for the years of 2020 and 2021 follows: 2020 2021 Abbey Company:...
- Q Easy Incorporated uses the FIFO method in its process costing system. The following data concern the operations of the companys first processing department for a recent month. Work in process,...
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- Q Which of the following accounts would Carlo credit when a customer who bought three dozen pastries and muffins from his bakery paid $55 in cash? Expense...
- Q I dont know what is the answer Ouestion 39 (1.25 points) Seles $11.05 $3200. $35.00 $21.00
- Q The internal control principle of establishing responsibility occurs when one employee is made rosponsible for all parts of a process. True or False
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