Accounting question and answers for December 05, 2024
- Q At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,920 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage...
- Q Please help me with adjusting entries, adjusted trial balance, financial statements and calculating ratios. Overview: You just began a position as a financial accountant at Peyton Approved. In this...
- Q An investor has a long-term investment in stocks. Regular cash dividends received by the investor are recorded as Fair Value Method Equity Method A reduction of the investment Income Income...
- Q on Ju ly 5, Brenner company recorded sales of merchandise inventory on account 65,000. The sales were subject to sales tax of 3%. on August 15, Brenner company paid 1,500...
- Q A company had been selling its product for $58 per unit, but recently lowered the selling price to $34 per unit. The company's current inventory consists of 295 units purchased...
- Q Joyce, age 40, and Sam, age 42, who have been married for seven years, are both active participants in qualified retirement plans. Their total AGI for 2013 is $120,000. Each...
- Q Hunter has a $55,000 loss from an investment in a partnership in which he does not participate. His basis in the interest is $44,000. a. How much of the loss...
- Q The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: ...
- Q Please show formula used to answer question. sThe standard costs and actual costs manufacture of 2568 units of actualroductioa or...
- Q QUESTION 7 Which of the following best describes the tax consequences associated with revocable trusts? I. All assets are included in the beneficiarys gross estate. II. The Grantor...
- Q Financial statement impact of a lease On January 1, 2017, Kiger Manufacturing company leased a factory machine for six years. Annual payments of $21,980 are to be...
- Q Hi there, Please answer the incorrect parts of this question. I found a question with the same numbers and same question but that one was incorrect. Please give the right...
- Q 3 points Primary Co. declared a cash dividend of $20,000 of February 12,2021 . Journalize the required entry
- Q which is not an advantage of a 401k plan over traditional ira? a. deduction limitation b.early withdrawl option without penalty c. loans from the plan d. record keeping e. all...
- Q I have an accounting task and i need help filling out the general journal . The exel sheet is how we need to answer the question ( it has a...
- Q The following beginning and ending balances were drawn from the records of Grimes Company: If Grimes Company sold equipment that had an onginal cost of $2,500...
- Q In response to which of the following events would an auditor issue a report that refers to consistency? I. A change in the useful life used to calculate the provision...
- Q the trade desk: Opportunity and Risk Assessment: Describe competing and existing initiatives, regulatory trends, and other factors influencing the opportunity to solve the problem and collect data. What resources are...
- Q example questions of this 1..material price variance 2. material usage variance 3. total material cost variance 4. labour rate variance 5. labour efficiency variance total labour cost variance
- Q (Ignore income taxes in this problem.) The Poteran Company is considering a machine that will save $3,000 a year in cash operating costs each year for the next six years....
- Q If Integrity Co. acquires all of the common stock of Accountability, Inc. Where will the entries necessary to arrive at consolidated balances appear? If Integrity Co. acquires all of the...
- Q During 2021 equipment was sold for $75,000. This equipment cost $120,000 and had a book value of $80,000. Accumulated depreciation for equipment was $325,000 at 12/31/20 and $310,000 at 12/31/21....
- Q What is the Current Quick Ratio given the following information? Current Assets = $750 Inventory = $275 Current Liabilities = $1075 A 0.81 ...
- Q Si un bono con un valor nominal de $1,000, una tasa de cupn y un rendimiento al vencimiento del 8 % y un ndice de conversin de 20,...
- Q Please respond to the following questions 1--- What motivating factor will be the most powerful for you in the future? Have you publicly committed to a course of...
- Q Primary Co. issed a bond with a face value of $100,000 at 98 . Was the bond issued at a premium or a discount?...
- Q Perry, Incorporated desires to maintain the ending inventory of raw materials at 40 percent of the next quarter's raw material needs. What is the cost of raw materials to be...
- Q Transaction 01. Description of transaction June 1: Byte of Accounting, Inc. issued 2,650 shares of its common stock to...
- Q Culver Company is considering investing in new equipment that will cost $1.428,000 with a 10 -year useful life. The new equipment is expected to produce annual...
- Q Brief Exercise 24-3 Your answer is partially correct. Try again. Thunder Corporation, an amusement park, is considering a capital investment in a new exhibit. The exhibit would cost...
- Q a company issues a 100 day, 11% note for 20000. what is the principle amount for the note?
- Q The relevant range concept refers to: A. A firm's range of profitability. B. A firm's range of sales. C. A firm's range of rates of return. D. A firm's range...
- Q College Coasters is a San Diego-based...
- Q BALLS AND BATS INC. PURCHASE EQUIPMENT ON JANUARY 1 2005 AT A COST OF 100,000. THE ESTAIMATED USEFUL LIFE IS 4 YRS WITH SALVAGE VALUE OF 10,000. 1. PREPARE TWO...
- Q Perpetual and Periodic Systems-Recording Inventory-Related Entries using the Net Method The following transactions all relate to Sharper Inc.'s purchase of merchandise inventory on December 10....
- Q Famous Daves is labeled BBQ HOLDINGS INC. AND SUBSIDIARIES Describe in two complete sentences what the receivable turnover ratio measures. Which company has a better...
- Q D) if their market value has increased enormously in the recent past Question 20 20) Which of the following accounting methods is usually used...
- Q Nosker Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 1,900 shares of Escalante Corporation common stock (6%) for $115,520 cash. July 1 Received a...
- Q Steve Pratt, who is single, purchased a home in Riverside, California, for $540,000. He moved into the home on February 1 of year 1. He lived in the home as...
- Q Hunter has a $55,000 loss from an investment in a partnership in which he does not participate. His basis in the interest is $44,000. a. How much of the loss...
- Q true or false? Adjustments for accruals are needed to record a revenue that has been earned or an expense that has been incurred but not recorded
- Q "Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. Required: 2. Determine the cost...
- Q Paula Boothe, president of the Sarasota Corporation, has mandated a minimum 6% return on investment for any project undertaken by the company. Given the company's decentralization, Paula leaves...
- Q If a company, sells dog food and each bag cost $5 to produce with the company having fixed costs of $1,000 and they sell each bag for $7.50. What is...
- Q please find npv use tables for calculation Help Save Submit 2 10 Check my work sold the cars after three years of...
- Q On the statement of cash flows; when a company purchases a security it considers a cash equivalent, the cash outflow is: A)Reported as an operating activity. B)Reported as an investing...
- Q which report...
- Q Select whether the FIFO or LIFO inventory costing method would normally be selected based on the following scenarios
- Q Derive the NPW equation formula by hand.
- Q E9-3A. Mtodos de depreciacin Se espera que un camin de reparto que cuesta $22 000 tenga un valor de rescate de $2 000 al final de su vida til durante...
- Q On January 2, 2021, Concord Corporation issued at par $2060000 of 5% convertible bonds. Each $1000 bond is convertible into 10 shares of common stock. No bonds were converted during...
- Q What is the present value of equal payments of $36,000 due at the end of each of 8 periods, Answer discounted at 5%?
- Q Exercise 23-14 Your answer is partially correct. Try again. Windsor Inc., a greeting card company, had the following statements prepared as of December 31, 2017. WINDSOR INC. COMPARATIVE...
- Q The following...
- Q # Transaction Account DR CR 1 Government levied $2,000,000 of General Fund...
- Q Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,380. At the end of the year, actual...
- Q on october 1, 2015, ealays jewler accepted a 4 month, 11% note for 7500 in a settlement of an overdue account receivable. the company closes its accouts at the year...
- Q McClintock Manufacturing Inc. has the following information available for the month of July
- Q Sibble Corporation is considering the purchase of a machine that would cost $280,000 and would last for 5 years. At the end of 5 years, the machine would have a...
- Q Sam, Dean, Bobby and Cass are the shareholders of a C-corporation named Winchester 4'Ever, Inc. Throughout the current tax year (payment dates provided below), Winchester distributed $70,000 cash to its...
- Q Journalize transactions in General Journal 7. In a "fire sale," building and land obviously worth $400,000 and $100,000, respectively, was acquired for $380,000 in cash. 8. Collected $20,000 interest...
- Q Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements....
- Q Variable costs within the relevant range for a firm are assumed: Not to vary per unit. ...
- Q Calculate the AGI, Taxable Income and Tax Liability for 2021 for Samantha age 63 and Bob age 64 who are married filing jointly and have the following income and...
- Q Alex emiti un pagar a favor de Ben por P5000. Ben perdi la nota. Cris encontr la nota y se la present a Alex. Alex pag a Cris. Es vlido...
- Q the allowance for bad debt account has a credit balance of 9000 before the adjusted entry for bad debt expense. after analyzing the accounts in the accounts recievable subsidiary ledger...
- Q Big-Co, which uses the periodic method and records purchases at net, has beginning inventory of $200,000. Big-Cos data for 20X1 includes the following: Purchases $150,000 Freight-in 8,000 Purchase discounts lost...
- Q suppose fitness and fashion east corporation paid $20.25 per share for 770 shares of its own common stock on march 30, 2001, and then resold theses treasury shares for $24.00...
- Q For the current fiscal year, Purchases were $300,000, Purchase Returns and Allowances were $4,500 and Freight In was $24,000. If the beginning merchandise inventory was $185,000 and the ending merchandise...
- Q Q 1: (5 points each blank, 20 points total) CH.8 On June 8, LR Company (Maker) issued a $100,000,6% (APR), 120 day note payable to Fairfax...
- Q A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no...
- Q Shocker Corporation's sales budget shows quarterly sales for the next year as follow unit sales. quarter 1: 10,000 units quarter 2: 8,000units quarter 3: 12,000 units and quarter 4 14,000...
- Q manaterumk? manaterumk
- Q how is Macra deduction calculated in the year of disposition for an asset that has been deoreciated using the half year convention? what is the total drpreciation allowed for the...
- Q explain load application in staad pro and etabs
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