Accounting Question
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A: Share Warrant: A Share Warrant is a negotiable instruments and a document issued by the company . ...
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A: Accounting Standards is a set of rules and guidelines, issued by the accounting institutions or bodi...
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A: A journal entry is a form of accounting entry that is used to report a business transaction in a com...
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Q: 1. Beginning total assets and total liabilities were P 64,520 and P 46,250, respectively. If assets ...
A: Accounting Equation of the business shows total assets should be equal to total liabilities and equi...
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A: Here, Given in Qustion Juan Take the fee from customer whom he provide a Ride so, Their is a Income ...
Q: The following transactions took place during the year ended 31 December 2020: On 1 March 2020, a di...
A: Stockholders represented the shares issued by the company are held in hands of the shareholders of t...
Q: (a) Statement of Profit or Loss for the year ended 31 December 2020. (b) Statement of Financial Pos...
A: Statement of profit and loss for the year ended 31st December 2020 Particulars Details Amount ...
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A: The Gross income recognition criteria: A On the basis of constructive receipt B The check has...
Q: . Comparability (consistency). 5. Neutrality.
A: The accounting process is based on various accounting principles and it has various characteristics ...
Q: Capacity in units Selling price to outside customers on the intermediate market Variable costs per u...
A: Transfer pricing is a form of accounting that represents when goods or services are exchanged betwee...
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Q: On March 1, 2021, RED Corporation issued at 103 plus accrued interest, 1,000 of its 9%,₱1,000 bonds....
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A: Intragroup transactions are transactions that occur between entities in the group. They can be eithe...
Q: Determine the effects of the following on a cash basis taxpayer's gross income for 2021 and 2022. If...
A: Gross Income: The whole amount of salary a person receives in their paycheck before any deductions o...
Q: Additional information (1) An analysis of property, plant and equipment shows the following. Extract...
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A: Under the Variable costing method, fixed production costs are considered period costs and are not in...
Q: Madison Ironworks made 400 defective units last month. Fortunately, the units were identified as def...
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A: Segment Reporting means the reporting of the operating segments of the company in the disclosures of...
Q: Date December 2020 Particulars Post Ref Amount $ Dr Amount $ Cr 1 Cash - Dr Motor Vehicle -Dr ...
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Q: Oslo Company prepared the following contribution format income statement based on a sales volume of ...
A:
Q: The following transactions took place during the year ended 31 December 2020: On 1 March 2020, a di...
A: Stockholders' equity represents the shares of the company held in hands of the shareholders of the c...
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A: Job costing is a method of costing in which all costs are assigned and calculated on the basis of jo...
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A: Four worker hourly rate for wokers = 320/ 4 = 80 supervisor = 100
Q: Units Purchased Units Cost Units Issued Date 5/1 (BI) 10 20 P15 5/5 20 5/15 15 5/19 10 5/24 15 18 5/...
A: FIFO Method: FIFO Stands for First in First Out. It means that goods which are Purchased first will ...
Q: Capity Tea Products has an exclusive contract with British Distributors. Calamine and Capity are two...
A: Calamine contribution margin for the flexible budget = Actual sales in pounds x Budgeted contributio...
Q: please do the general entries and adjusting entries thanks. vii. During the year, Majestic paid t...
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Q: a. Interest on notes payable should be accrued b. Services performed but unbilled C. Salaries earned...
A: Under accrual basis of accounting transactions need to be recorded as and when they occur.
Q: Guru Berhad year end is every 31 December. Guru Berhad acquired a warehouse for RM20 million on 1 Oc...
A: Impairment of assets means reducing the book value of assets when carrying amount is more than high...
Q: bility ratios: - Return on assets 0.10 cents - Return on equity 0.71 cents - Profit margin...
A: Profitability ratios refer to the refers to those ratios which evaluate the potential or capability ...
Q: ou know that the contractor wants profits equal to the interest rate and there is no tax ar operatin...
A: Purchase price refers to the sum of money paid by the investor in the desired investment which is es...
Q: Property, plant and equipment are: A. Tangible assets used in the operation of a business that have ...
A: Property, plant, and equipment is considered as long term assets and it is presented in the balance ...
Q: "Disk City, Inc., is a retailer for digital video disks. The projected net income for ...
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Q: Break-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity...
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Q: Rutro Corp. makes 59,000 units per year of a part it uses in the products it manufactures. The unit ...
A: Make or Buy Decision: A make-or-buy choice is one in which a company decides whether to manufacture ...
Q: 1. What is the net income under variable costing method? 2. What is the net income under absorption...
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Q: he following information is related to Nash Company for 2020. Retained earnings balance, January 1,...
A: The income statement is prepared to find net income or losses incurred during the period.
Q: :. On January 1, 2020, Riki Co. acquires the entire share capital of Doom Co. by issuing 100,000 new...
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Q: On January 1, 2017, Shay issues $380,000 of 9%, 15-year bonds at a price of 97.25. Six years later, ...
A: Bonds payable are one of the sources of finance and are shown as liability. If the interest rate is ...
Q: Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions ...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...
Q: Louie Makulet Corporation provided the following balances on December 31, 2020 which has been adjust...
A: Current assets are used or sold within a year whereas, non current assets are sold or utilized after...
Q: Martin Company received an order for 25 automatic mixing machines. Because of the order's exacting s...
A: Original costs = (Material cost + labor cost + manufacturing overhead) x no. of units = (80+194+194)...
Q: Explain the difference between the income statements of a merchandiser & a manufacturer
A: 1. Income Statement - An income statement is a statement that shows the revenue earned and expenses ...
Q: Buzzard Bicycle specializes in custom painting and design of bicycles. December 31 is the company's ...
A: Adjusting entries are entries that are passed at the end of the period in order to accurately reflec...
Lease is a contract between two parties in which one party is lessor and other party is lessee. Lessor is the person who provides its asset for use to another party lessee for use.
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