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You have established your performance materiality for accounts payable and revenue; now you must determine the posting materiality for individual items. The materiality judgement is at 4%. What is the posting materiality? Show your work.   Your work should look like: APPROPRIATE AMOUNT x MATERIALITY JUDGEMENT = POSTING MATERIALITY

With the Trial balance and the additional data. How can I prepare a Jurnal entrie.   I don't understand how to do because there are many amounts of money in the additional Data. Can you show how to do it, thank you.

show calculations where needed

Could you please provide an image of the balance reconciliation account? Show what needs to be added and subtracted from each side. Thank you.

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Two alternative means of providing engineering drafting services are under consideration. Handy-Cam $250,000 $115/hr $250/hr $15,000 R-tistry $200,000 $120/hr $250/hr $20,000 Purchase Price Operating Cost Revenue Market value (end of useful life) Useful life б years б years It is anticipated that the chosen alternative will be used to generate revenue 8 hrs/day, 250 days per year. The company uses a MARR = 12% for all investments.

Please correct answer and don't use hend raiting

During 2025, Sandhill Company started a construction job with a contract price of $1,580,000. The job was completed in 2027. The following information is available. Costs incurred to date Estimated costs to complete Billings to date Collections to date (a) Your answer is correct. 2025 $383,800 $807,380 626,200 298,620 297,000 271,000 Gross profit recognized in 2025 $ eTextbook and Media Gross profit recognized in 2026 $ List of Accounts Gross profit recognized in 2027 $ 2026 895,000 807,000 Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. $1,070,000 2027 1,580,000 1,433,000 216600 -0- 129420 163980 Attempts: 2 of 5 used

Current Attempt in Progress During 2025, Ivanhoe Company started a construction job with a contract price of $1,610,000. The job was completed in 2027. The following information is available. Costs incurred to date Estimated costs to complete Billings to date Collections to date 2025 $383,800 626,200 302,000 271,000 2026 $905,280 198,720 896,000 817,000 2027 $1,063,000 -0- 1,610,000 1,419,000

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The Steps in Preparing a Worksheet Put the steps in the correct order that the worksheet is prepared. 1. [ Choose ] [Choose] Enter adjustment data. Enter adjusted balances. Total the statements columns, computer net income/(loss), and complete the worksheet. Prepare a trial balance on the worksheet. Extended adjusted balances to appropriate statement columns. (Choose 3 [ Choose ) (Choose ] 2.

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Ms. Andrews is a customer of the Edsell Company. In the object-oriented design approach   A. Ms. Andrews is an instance in the object class accounts receivable   B.          the amount Ms. Andrews owes the Edsell Company is an operation   C.           determining the amount past due is an attribute   D.            the object class accounts receivable inherits all the attributes of Ms. Andrews

The following is a statement showing the financial status of the comapany at any given time A. Trading account B. Profit & Loss statement C. Balance Sheet D. Cash Book Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Would you please remind me how the debits and credits system works? Why do the assets get debit increased and the liabilities and owner’s equity get debit decreased? I know the parts must balance and clear each other out, but reviewing my notes from a previous class, I’m having a hard time getting a perspective on the principle of the T-balance.

Is there a way to add more than one image? I have tried, but when I do, I get a red circle with a red line, and I cannot add more. Is there a way to add more images, somehow? Also, when I type in this box and hit "Enter," it submits my question instead of going to the next space below where I am typing. Is there a way to fix this? Sorry, but third - Where are the expenses in this question? I see assets, liabilities, common stock, and retained earnings, but not expenses. Am I not seeing it? What are the expenses? I am confused. :(  Please help me, and explain clearly and succinctly. Thank you so much. :)

Explain the importance of the Trial Balance State your opinion on the following statement: "If the debits and the credits in the Trial Balance equal, then everything must be correct". Elaborate your answer.

Which of the following will appear on the credit side of a trial balance? A. Fixed assets and Rent income B. Expenses and Non-current liabilities C. Negative assets and Income D. Current liabilities and Interest on overdraft Clear my choice Type here to search i packard bell

Please help me

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Wolmore Resources Ltd. is authorized to issue unlimited numbers of common shares, of which 40,500,000 have been issued at an average price of $22 per share. On 1 January 20X3, when shares were trading for $30 per share, the company granted stock options to each of its 42 senior executives. The stock options provide that each individual will be eligible to purchase, no earlier than 31 December 20X7, 3,000 common shares at a base option price of $30 per share. The options are nontransferable, vest on 31 December 20X7, and expire on 31 December 20X8. Option pricing models indicate that the options have a total value of $480,000. Estimates of retention are: End of Year Employees expected to remain until vesting Employees expected to forfeit Employees actually forfeiting in the year Employees actually receiving options (42 - 7) 20X3 32 (76%) 10 (24%) 0 20X4 30 (71%) 12 (29%) 5 20X5 35 (83%) 7 (17%) 2 20X6 34 (81%) 8 (19%) 0 20X7 n/a n/a 0 35 Twenty-five individuals who received the options…

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don't give answer in im

(b) Prepare the journal entry required, if any, to record the adjustment from cost to net realizable value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List debit entry before credit entry.) Account Titles Debit Credit

Provide a accounting problem, For that problem, there should be 3 requirements or questions then write a short narrative of your analysis of the problem. Explain what theories/ concepts apply, how, and why. Then present the solution/computation. Write a short narrative explaining the meaning of the final answer - its implication to thefirm. Write a short recommendation/conclusion based on the analysis and solutions. You solved a current problem only. How can you provide for the future? What about contingencies that may arise? What proactive measures can you take? And the attached photo is an example of accounting problem.

In 2023, Sheridan Contractors began construction on an office building. The building was expected to cost $45,510,000 in total and was expected to be completed in early 2025. The customer was to pay Sheridan $48,560,000 for the building. Sheridan was able to use percentage-of-completion accounting for the project, and at the end of 2023 had accumulated $11,377,500 in cost. Sheridan estimated that the costs to complete the construction were in line with the original expected total costs. During 2024, there was a lumber shortage, a strike by construction workers, and various other incidents that dramatically raised costs in the construction industry. As a result, at the end of 2024, Sheridan estimated that the office building would cost an additional $4,990,000 more than originally estimated. To the end of 2024, Sheridan had spent $38,380,000 on constructing the office building. (a1) Your answer is correct. Calculate the revenue to be recognized by Sheridan for the 2024 fiscal year.…