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Q: Discuss the nature of income and revenue. When can revenue be recognised?

A: Nature of income and revenue and recognition of revenue is discussed hereunder : Income is the…

Q: Net Income .90  How did you get .90 please explain

A: Closing Balance of Retained Earnings = Opening Balance of Retained Earnings + Net Income/(losses)…

Q: A tort is a basis for a action O criminal O criminal or civil

A: Tort refers to the wrong doing which is in legal form, where the one person commits wrong against…

Q: What are the five differences between Bills Payable and Bills Receivable?

A: Bills payable: Bills payable is a document that reflects the amount to be paid by an individual or…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: iii. Do you think the regulatory requirements in Tier 2 should be tightened? Why or Why not?

A: Please note since, the context and industry has not been specified, this question has been answered…

Q: The Probability and Return for the four financial instruments are given for your reference in the…

A: Given: Economy Probability(P) HSBC Pandemic 0.20 0.04 Recession 0.25 0.32 Normal 0.30 0.18…

Q: lain 5C analysis for loan proc

A: Loans are a type of credit vehicle in which a sum of cash is lent to this other party in return for…

Q: What is Jasimes adjusted grosss income?

A: Adjusted gross income: Adjusted Gross Income is the difference between the gross income minus…

Q: 6. The Fisher effect and the cost of unexpected inflation Suppose the nominal interest rate on…

A: According to bartleby guidelines , if question involves multiple sub parts , then 1st sub 3 parts…

Q: What are the trade bills?

A: Trade bills are also called Trade Acceptance / Accepted draft

Q: 31.25 25.0

A: EPS=Earnings per share =0.36+0.42+0.39+0.43=1.60 Price Of shares =P P/E=Price/EPS

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: Explanation 1031 like-kind exchange

A:

Q: 3. What is the compensation expense in 2021?

A: Compensation Expense= Compensation Expense are Expenses made in exchange for services rendered…

Q: 16. Training opportunities fall under which category of returns for work? O A. Total compensation O…

A: All forms of salary and perks are included in an employee's total compensation. In addition to basic…

Q: 6. It is basically the amount of an employee's SSS contribution.

A: Full form of SSS is Social Security System. SSS deduction is reflected on employee payslip in every…

Q: ue or false The credit is legally quite independent of the underlying transac

A: Step 1 The credit letter has a different function than the contract attached to it (the contract…

Q: What is free trade what are its pros and cons?

A: Trade is an economic activity in which buying and selling are involved. It involves buying and…

Q: what is the difference between Simple perpetuity from general perpetuity?

A: Perpetuity refers to the incoming of equal infinite cash flows which arrive at the end of every…

Q: ill of exchange important? Why

A: Bill of exchange is some sort of promise to other that he will pay the given amount on a given date…

Q: What is euro?

A: There are 28 Member States in the European Economic and Monetary Union (EMU), 19 of which have…

Q: Discuss the following terms…

A: Financial market: It is the market under which bond, debentures, equities of the company are traded…

Q: Why is the net income .90

A: Lets understand the basics. Cashflow statement are divided into three type of activities which are,…

Q: 9. What is the Accounting Equation?

A: Accounting equation is very important term in the field of accounting, which shows relationship…

Q: Essay about the importance of credit to country

A: Credit- Credit means loans. Credit plays a vital role in the economic development of any country.…

Q: » 24 Which of the following transactions would be recorded in the general journal?

A: 24. The following transactions would be recorded in the general journal are given below:…

Q: The numbers indicate that it would be profitable to accept a special order. Should we consider any…

A: We often see companies receiving special orders for selling a product from some customers. To…

Q: Net income may be based on estimates.   true or False

A: Net income: Net income is the revenue of the company after deducting all the expenses and taxes. It…

Q: Question 13 Which of the following are paid by the employer? ☐ A. SUTA taxes B. FUTA taxes C. Social…

A: Before we answer the question, let's understand what each of these taxes are:SUTA taxes (State…

Q: tate two (2) main criticisms against the adoption of IFRSs in some countries.

A: IFRS was established to give a single view to the balance sheet prepared by the companies globally.…

Q: two questions

A: Prepare an income statement.

Q: 2R Code to answer the riddle. 3. 24 is what percent of 30 ?

A: A percentage is a fraction of an entire value represented as a value between zero and 100.…

Q: Which of the following statement is/are correct about US treasury securities? 1. All securities…

A: The US treasury securities refer to the fixed-income debt securities that are issued by the US…

Q: what are the disadvantages of bill of exchange?

A: A bill of Exchange is a certificate of agreement between two parties where one party agrees to pay…

Q: what is State indebtedness

A: Any obligations and liabilities for borrowed money created, issued, or incurred by the Purchased…