Accounting Question
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A: Solution 1. Discount on bonds payable is a liability valuation account, that reduces the face amount...
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A: Answer
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A: Treasury stock refers to a method used by the organization to repurchase the issued stock. It is als...
Q: Question 9 Notes payable paid within a year should be classified as a long term liability. True Fals...
A: Liabilities payable with in a time period of one year are considered as current liabilities and liab...
Q: Help to clarify the trial balance for 1,2,3,4,5 For num 2 knowing that will be 0 as paid up the acco...
A: Adjusting entries are prepared at the end of the accounting period to ensure the accrual base accoun...
Q: Bluer Company has a current ratio of 3.00. Which of the following events would cause its current rat...
A: Formula: Current ratio = Current Assets / Current liabilities. Division of current liabilities with ...
Q: Craig, Inc., has provided the following information for one of its products for each hour of product...
A:
Q: 1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per...
A: 1.Budgeted sale price per unit= Budgeted sales revenue / budgeted sales volume $165000/50,000 = $3....
Q: $15-5 Accounting for trading investments On February 1, 2014, Holl Co. decides to invest excess cash...
A: Given that, on 1 Feb 2014 Holl Co. Purchased 1000 shares of Cooke. In at $20 per share At the end of...
Q: Which of the following errors will affect the Trial balance? a. Cash received from Mr. Ahmed OMR ...
A: The trial balance is prepared using the ledger balances. Both sides of trial balance should be equal...
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A: Average Rate of Return Method - It is calculate the return, generated from the net income of the pro...
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A:
Q: For Bus #3 calculate depreciation expense per mile under units-of-activity method. (Round answer to ...
A: Depreciation per mile = (Original cost - Salvage value) / Total miles
Q: I’m trying to do the debt to equity ratio. I understand that is total liabilities divided by stockho...
A: Debt to equity ratio indicates the level of ability of the company to their all creditors and debts....
Q: The following note transactions occurred during the year for Zuber Company: On November 25, Zuber is...
A: Counting of days of accrual Porter's note From November 25 to December 31st = 5 +31 = 36 days Bank ...
Q: 301- Classify each of the following items as a cost, expense, loss, or other category, and explain h...
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Q: Prepare adjusting journal entry. Shark Bait purchased $12,000 of office supplies and lures from Hug...
A: given that, office supplies and lures purchased = $12000 received $3,400 cash for the sale of some ...
Q: How does declaring a stock dividend affect the corporation's assets, liabilities, and total equity?
A: Company means a form of business where the share holder invest money in business in form of shares a...
Q: What are the tax-exempt corporations? Thank you!
A: Tax-exempt status is given to the nonprofit corporation in order to exempt them from paying income t...
Q: What is the rate of return when 25 shares of Stock A, purchased for $30/share, are sold for $825? Th...
A: Rate of return is the amount which defined total income or loss earned over a specific period of tim...
Q: ( data backups) explain how can they implemented and how they make accountant job more efficient?
A: Introduction :- The accountant may be a key player in any business - in any case , bad money managem...
Q: TRUE OR FALSE
A: We'll answer the first question as the exact one wasn't specified. Please submit a new question spec...
Q: Nutritious Pet Food Company’s board of directors declares a small stock dividend (25%) on June 30 wh...
A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in ...
Q: hi, this is my finance question. i need answer asap. thxx
A: Cash flow from operation = Operating Income + Depreciation - Taxes - Interest Expense (net of tax) +...
Q: Dobson Construction specializes in the construction of commercial and industrial buildings. The cont...
A: Percentage of completion = Cumulative cost incurred at end of year / Total estimated cost
Q: Prepare adjusting journal entry. On 3/1/21, the company purchased a large fishing boat for $20,000 o...
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Q: S15-2 Accounting for held-to-maturity investments On January 1, 2014, the Gamekeeper's Restaurant de...
A: Journal entries are prepared to record the financial and non-financial transactions of the business ...
Q: 1) if service revenue this week is $500 record service revenue. 2) if cash $300 and record a debit t...
A: Given that, The building has been exchanged with another asset. the depreciation method used = sum o...
Q: The University of Michigan football stadium, built in 1927, is the largest college stadium in Americ...
A: The University of Michigan football stadium, built in 1927, is the largest college stadium in Americ...
Q: Marwan, aged 30, male, purchased an insurance policy from National Life Insurance with a face value ...
A: Following is the answer to the givem question
Q: In addition to its common stock, Johnson Corp. had 30,000 shares of $60 par value, 8%, cumulative pr...
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share...
Q: 1) to compare both alternatives and clea per year compounded semiannually. Alternatives A Alternativ...
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Q: Statement of Profit or Loss for Guinness Ghana Ltd 2019 GH¢’000 2018 GH¢’000 2017 GH¢’0...
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Q: Coda Corporation was organized on January 1, 2019, with an authorization of 2,000,000 shares of $5 p...
A: The shareholders equity section of balance shows all the capital belonging to shareholders.
Q: Assume the following (1) variable expenses = $286,000, (2) unit sales = 10,000, (3) the contribution...
A: CVP analysis is considered a decision-making tool that helps management to make strategies and take ...
Q: Dishonoring a note means the maker no longer has to pay. True or False?
A: Dishonoring a note means that note has not been paid on the date of maturity. This does not payor no...
Q: How to estimate an appropriate loan tenor of a PE fund? If the fund is maturing in 2 years, and lo...
A: Introduction: Depreciation is defined as an expense which is non-monetary in nature. When a business...
Q: Which of the following statement is False for Perpetual inventory system of a Merchandise Business? ...
A: Under perpetual inventory system, the record for goods purchase and sale is maintained with every tr...
Q: Bank accounts to administer payroll are often on an imprest basis, as in they are usually at zero ba...
A:
Q: Forten Company's current year income statement, comparative balance sheets, and additional informati...
A: the cash flow from investing activity deals with the cash inflows and cash outflow where investment ...
Q: How do managers solve problems and make decisions? Identify any three (3) quantitative tools that ar...
A: The administrative or managerial problem-solving process is a never-ending loop of organizing, doing...
Q: Help me to entry particular
A: Solution:-a Computation of the accrued interest payable on December 31 of the current year as follow...
Q: Assume the following information for a company that produced and sold 10,000 units during Year 1. It...
A: CVP analysis is considered a decision-making tool that helps management to make strategies and take ...
Q: Which one of the following journal entry is Correct on 20th February 2020? a. Debit Cash OMR 150 Cr...
A: The journal entries are prepared to keep the record of day to day transactions of the business.
Q: Shaw Corp reported pretax book income of $1,000,000. Included in the computation were favorable temp...
A: Deferred Income Tax When a company postpones the payment of income tax in a financial year Deferred ...
Q: Which of the following statements is correct with regards to the auditor's responsibility concerning...
A: The answer is option (c) [ The auditor is responsible for obtaining reasonable assurance that the f...
Q: A condensed income statement by product line for British Beverage Inc. indicated the following for R...
A: Under Differential analysis, An alternative project is compared with current one to analyze the inco...
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