Accounting question and answers for September 21, 2024
- Q (Learning Objective 1: Show how to account for inventory transactions)Bridget Krumb, Inc., purchased inventory costing $125,000 and sold 80% of the goods for $190,000. All purchases and sales were on...
- Q hapter 11 ebook Calculator Summary payroll data EX 11 11. BLANKSHEET ALGO Chart of Accounts First...
- Q https://www.chegg.com/homework-help/questions-and-answers/consolidating-international-subsidiary-year-acquisition-february-1-2019-pathway-inc-us-com-q70783048 we need answers please!
- Q Q2: Briefly discuss four types of adjustments that may be necessary to convert cost of salesfood, to net cost of salesfood.
- Q ***I ONLY NEED ANSWERS FOR THE ITEMS IN BOLD OR BLANK*** THANK YOU!! The following data from the just completed year are taken from the accounting records of...
- Q Manager would appear in a relational diagram as a(n): -resource -event -agent -none of the above
- Q The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.: Required: 1. Assuming that the payroll for the...
- Q WorldBiz operates divisions around the world. Its European division-EuroBiz (EB)-has recently reported the following information to...
- Q Accrual describes how a corporation accounts for revenue/ expenses. While cash describes how a sole proprietor accounts for sales/ expenses and other.
- Q a method of raising equity funds is for a company to make a private placement of shares with a large instructional investor. from the companys position what advantages does this...
- Q Nash Jewelry reported the following income statement data for a 2-year period. 2019 2020 Sales revenue HK$2,130,000 HK$2,540,000 Cost...
- Q What is the required method of amortizing discount and premium on bonds payable? Explain the procedures. In IFRS.
- Q Morning Sky, Inc. (MSI), manufactures and sells computer games. The company has several product lines based on the age range of the target market. MSI sells both individual...
- Q On October...
- Q A client you are preparing financial statements for has asked you to prepare financial statements with adjustments added to artificially inflate profit to a level required by bank covenants. The...
- Q Emperor Company provides renting services. In September 2019, the company receives $2700 in advance payment for providing renting service for six months to XYZ company. On December 31, the...
- Q In what situations/ circumstances may it more effective to have a nonprofit/ or nonprofit with earned income structure than a for-profit with social impact enterprise?
- Q The time period assumption states that: Select one: a. the economic life of a business can be divided into artificial time periods. b. assumption that the company is going to...
- Q 1) What effect does Stock Price have on call option price? 2) What effect does Time expiration have on call option price? 3) What effect does Risk-free rate have on...
- Q USAco is a domestic corporation that manufactures products in the U.S. for distribution in the U.S. and abroad. During the current year, USAco derives a pre-tax profit of $10 million,...
- Q Required information Skip to question [The following information applies to the questions displayed below.] George and Wanda received $28,100 of Social Security benefits this year ($10,500...
- Q interest on notes payable balance is 1 percent per month. the adjusting entry to record interest expence for january 2019 and the liability for interest payable is $10. Add account...
- Q Which of the following leases is not likely to be viewed as a lease from the perspective of the Internal Revenue Service? a. a 20 year lease for an asset...
- Q Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 590 $ 2.35 Apr. 20 Purchase 450 2.61 Dunbar sold 590...
- Q One amount is missing in the following trial balance of proprietary accounts, and another is missing from the trial balance of budgetary accounts of the Save...
- Q 11. Making unwelcome sexual advances in the workplace Quid Pro Quo Harassment o Hostile Work Environment Patriot Act Sexual Harassment
- Q \table[[\table[[Vaughn Inc.],[Balance Sheets]]],[,Dec. 31,2025,Jan. 1,2025,Inc./Dec.],[Assets,,,,],[Cash,$44,100,$12,740,$31,360,Inc.],[Accounts receivable,89,180,86,240,2,940,Inc.],[Equipment,38,220,21,560,16,660,Inc.],[Less: Accumulated depreciation-equipment,16,660,10,780,5,880,Inc.],[Total,$154,840,$109,760,,],[Liabilities and Stockholders' Equity.,,,,],[Accounts payable,$19,600,$14,700,$4,900,Inc.],[Common stock,98,000,78,400,19,600,Inc.],[Retained earnings,37,240,16,660,20,580,Inc.],[Total,$154,840,$109,760,,]] Net income of $43,120 was reported, and dividends of $22,540 were paid...
- Q Calculate the direct material price variance. Calculate the direct material quantity variance
- Q Journal Entries 1.Depreciation and amortization are amortized on a straight-line basis. Equipment is depreciated over a five-year term and intangible assets over ten-years. Equipment is expected to have no...
- Q Bridgeport inc. issues $2,500,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12% ...
- Q Crane Company has a contribution margin of $220000 and a contribution margin ratio of 40%. How much are total variable costs? $88000 $132000 $330000 $550000
- Q Daisy, a clerk at a Games and More store, takes a video game player and a selection of new games from the store without permission. Daisy is liable Group of...
- Q Problem 9-39 Preparation of Master Budget (LO 9-3, 9-4, 9-5, 9-6) [The following information applies to the questions displayed below.] ...
- Q Define Friedmans and Freemans perspectives on Corporate Social Responsibility (CSR). Using examples to illustrate your answer, describe how the Moral Minimum perspective assists an organisation to achieve sustainability and accountability...
- Q French Bakery makes a large sale for $1,000 of pastry on November 23. However, the customer paid the full amount on December 10. The bakery shop follows GAAP and applies...
- Q Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000 hours, and (3) estimated machine-hours to be worked during the coming...
- Q Quickbook online Question 4 Vendor credits are designed for returns of products purchased on account. What are 2 ways to use a vendor credit in QuickBooks Online? 1-Apply it to...
- Q uick Pix...
- Q Both questions please 6. The following account information is for Extra Inc. as at December 31, 2017. All accounts have debit balances. 10 marks...
- Q In 2022, costs incurred were $2.650.000 with remaining costs estimated to be $3,825,000.2022 billings were $2,900,000 and $2,625000 cash was collected. The...
- Q A man borrowed P 50,000.00 payables in equal quarterly payment of P 1,827.79 for 10 years. Calculate the interest rate
- Q need Req3-7, Req 1 and 2 are already completed please answer this as fast as possible, i need to understand how to do this before i take my quiz tn...
- Q Describe how negative selection is achieved in developing B cells to prevent B cells from reacting to self antigens. Including how the process is different with monovalent and multivalent antigens...
- Q Edison Company has 5,000 obsolete desk lamps that are carried in inventory at a manufacturing cost of $45,000. If the lamps are reworked for $20,000, they could be sold for...
- Q In addition, the following sales unit volume information for the period is as follows: a. Prepare a contribution margin by product report. Compute the contribution margin ratio for...
- Q The advantages of using variable costing in internal reporting include following except: a. it is easier to estimate the profitability of segments of the business. b....
- Q Becker Bikes manufactures tricycles. The company expects to sell 430 units in May and 560 units in June. Beginning and ending finished goods for May is expected to be...
- Q Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an Investment center). Investment Center Electronics...
- Q You are...
- Q Explain how estimates of service costs help managers to manage resources and create values.
- Q can be held responsible for not complying with their state laws. Explain.
- Q The following statements have been made about target costing and lifecycle costing. Target costing ensures that new product development costs are recovered in the target price for the...
- Q Question 5 Bramble Corp.'s balance sheet at December 31, 2016, is presented below BRAMBLE CORP Balance Sheet December 31, 2016 Cash Inventory Prepaid insurance Equipment $31,800 Accounts payable...
- Q The Farley Corporation starts the year with a beginning inventory of 3,700 units at $5 per unit. The company purchases 5,700 units at $4 each in...
- Q The Saudi Aramco company had income from operations of $60,000 in 2021 and $65,000 in 2022; invested assets was $345,000 in 2021 and $355,000 in 2022; and sales were $786,000...
- Q Library Assignment: Please find the Accounting standards & New Tax accounting regulations for 2022. Answers must be two pages report or 600 words minimum.
- Q Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step....
- Q ...
- Q teacher swapping teaching work valued at $1,000 with a retailer for a device which has a market value of $700 (but only cost the retailer $500). How much, if...
- Q Jack transfer property worth $250,000 (basis of $240,000) to seafoam corporation(a calendar year C-corporation). In return, he receives 80% of its stock( worth $230,000) and a long term note, executed...
- Q Magnolia Company's Division A has operating income of $94,000 and assets of $305,000. The minimum acceptable return on investment is 14%. What is the residual income...
- Q Show Me How Entries for Investment in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $205,800 of Walker C0.,6% bonds on May 1 at their face amount....
- Q LIFO Perpetual Inventory The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date...
- Q The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $ 60,000 $ 2,000 2 $ 4,000...
- Q In the consolidated financial statements of a parent and its 90%owned subsidiary . A. Comprehensive income or loss attributable to the parent and the noncontrolling interest is reported at separate...
- Q On July 15, TechCom has $200 of credit card sales with a 4% fee. Please construct a journal entry for such transaction.
- Q 16. On July 19, 2022 Big Deal Oil Company pays landowner Cringeworthy $3 an acre for the right to explore 3,200 acres (5 sections). Big Deal also buys...
- Q annual salary is $120,000 and have enough of a down payment for a 20% down-payment on a home. Your only long-term debt is a Range Rover that costs $1,000 per...
- Q Willis Bus Service traded in a used bus for a new one. The original cost of the old bus was $53,200. Accumulated depreciation at the time of the trade-in amounted...
- Q 2. Bema has 10 more years of service in the university as a staff. She plans to invest P 9,000 of her salary at...
- Q (c) Your answer is partially correct. Try again. Prepare all the necessary journal entries...
- Q Accounting 203 Class Exercises Chapter 3 Part I - Transactions and Adjusting Journal Entries John and Lou Topp are brothers. In April 2020, they...
- Q Define the following terms, using graphs or equations to illustrate your answers wherever feasible: d. Characteristic line; beta coefficient,
- Q Ouestion 3 (6 +4 = 10 marks) What are the relative strengths and weaknesses of three current theories of accounting. How and why does Traditional Accounting Theory continue to...
- Q Preparing a Job Order Cost Sheet Riverwood Accounting Company has the following account in its cost records: Riverwood applies overhead to projects at a predetermined rate based on direct...
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