20 - Why did a joint stock company make this journal entry? …/…/201. Will borrow 780 Financial Expenses xxx 191 VAT to be deducted xxxx 100 Cash xxx A) None B) For VAT settlement C) To pay the expenses of the partners D) to cover general administrative expenses E) To account for expenses in issuing bonds

20 - Why did a joint stock company make this journal entry? …/…/201. Will borrow 780 Financial Expenses xxx 191 VAT to be deducted xxxx 100 Cash xxx A) None B) For VAT settlement C) To pay the expenses of the partners D) to cover general administrative expenses E) To account for expenses in issuing bonds

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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АССТ 3113 Supplemental Homework 10 Chapter 12 Accounting for accrued interest on bonds In 2021 and 2022, Norman Company had the following transactions related to investments in bonds. 2021 Purchased $400,000 of 8% bonds issued by JS, Inc. at face value. Interest is payable semiannually on September 30 and March 31. Purchased $500,000 of 12% bonds issued by Okla Co. at face value. Interest is payable semiannually on November 30 and May 31. Received semiannual interest payment from JS, Inc. Received semiannual interest payment from Okla Co. Recorded any necessary adjusting entries relating to the investments. Apr. 1 June 1 Sept. 30 Nov. 30 Dec. 31 2022 Received semiannual interest payment from JS, Inc. Received semiannual interest payment from Okla Co. Received semiannual interest payment from JS, Inc. Received semiannual interest payment from Okla Co. Recorded any necessary adjusting entries relating to the investments. Mar 31 May 31 Sept. 30 Nov. 30 Dec. 31 Requirement 1: a. Record the…
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Question 16 Superb Manufactutring inc attached in ss below thanks for help aprpeciated irwgwrgw
Tweet Incorporated included the following disclosure note in an annual report: Share-Based Compensation (in part) ...compensation expense related to these grants is based on the grant date fair value of the RSUS and is recognized on a straight-line basis over the applicable three-year vesting period. The following table summarizes the activities for our unvested RSUs for the year ended December 31, 2024: Unvested at December 31, 2023 Granted Vested Forfeited Unvested at December 31, 2024 Number of Shares 115,500 57,300 (49,400) (15,900) 107,500 Required: 1. Ignoring taxes, determine compensation expense Tweet reported in the year ended December 31, 2025, for the restricted stock units granted during the year ended December 31, 2024. Weighted Average Grant Date Fair Value $ 22.50 30.60 18.10 26.40 $ 28.26 2. Based on the information provided in the disclosure note, prepare the journal entry that summarizes the vesting of RSUS during the year ended December 31, 2024. (Tweet's common…
60 Analyze the following: I – Cumulative preference dividends in arrears should be reported as a note disclosure. II – Depreciable assets which are part of the component held for sale shall be depreciated. III – According to PAS 10, date of authorization for FS issuance is when the board of directors approves the release of financial statements regardless of the approval of the stockholders. Given these, we can conclude that: Group of answer choices Only statement I is true. Only statement II is false. Only statements II and III are false. Only statement III is false.
17. 2022 Corp Z Cash Method Taxpayer – (Corp. Aggregate Receipts < $27 Mil.) 100% Owned by Shareholder A Business Income - 1200000 Business Expenses - 160000 NYS Bond Interest - 2000 Dividend received from 75 % owned Corporation - 8000 Reasonable Compensation - 5500000 Compensation of Family Members Not Active in the Company - 150000 Capital Loss – (5000) Interest Expense paid to Bank - 250000 §179 Depreciation Tractor - 25000 Bonus Depreciation Heavy Truck - 50000 Questions: a. What is taxable income? _______________ Show calculations.
BUS 208 - Principles of Accounting II Homework Assignment 1 Chapter 12 Karen Smith and Abby Jones formed a partnership, investing $250,000 and $125,000, respectively. Determine their participation in the year's net income of $420,000 under each of the following independent assumptions. Please show your calculations. a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. c. Interest at the rate of 4% allowed on original investments and the remainder divided in the ratio of 4:1. d. Salary allowances of $50,000 and $60,000, respectively, and the remainder divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $40,000 and $80,000 respectively and the remainder divided equally. Show your work.
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#21 The trustee for John Corp. prepares a statement of affairs which shows that unsecured creditors whose claims total P540,000 may expect to receive approximately P405,000 if assets are sold for the benefit of creditors. Danielle Corp. holds a note for P22,500 on which interest of P1,350 is accrued, property with a book value of P18,000 and a realizable amount of P27,000 is pledged on the note Randolph, an employee is owed P6,750 for his salary Baltimore Corp. holds a note of P54,000 on which interest of P2,700 is accrued, securities with a book value of P58,500 and a realizable amount P45,000 is pledged on the note Nick Corp. holds a note for P9,000 on which interest of P500 is accrued, nothing has been pledged for the note How much may each of the following creditors receive? Group of answer choices P23,850; P6,750; P53,775; P7,125 P27,000; P6,750; P53,775; P0 P23,850; P6,750; P56,700; P7,125 P27,000; P6,750; P56,700; P0
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on Which constitutive document has the power to prohibit or restrict the issuance of shares or bonds for the company ? of Both Articles and Memorandum tion Memorandum of Association Articles of Associatir Agreement between shareholders 3: 104°F Sunny O G 1) ENG 7/ DELL