Accounting Question
Q: operational audit
A: Operational audit is the type of audit service that the review is mainly focused on the key proces...
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A: Perpetual inventory system is system of checking the inventory constantly throughout the year like u...
Q: There are only five companies in the market. Company B and Company D are planning to merge. Market s...
A: The Herfindahl-Hirschman Index (HHI) is an index that measures the market concentration of an indust...
Q: BAUMOL CASH MANAGEMENT MODEL ABC Company uses the BAUMOL CASH MANAGEMENT MODEL to determine its opti...
A: "Since you have posted multiple questions, we will solve the first question for you. To get the rema...
Q: Accountants refer to the period of time from October 1 - December 31 as "busy season." True False
A: Following is the answer to the given question
Q: Worldwide Corporation is a highly automated manufacturing firm. The vice president of finance has de...
A: 1. Calculate the manufacturing cycle efficiency. Manufacturing cycle efficency = Processing time / (...
Q: On January 3, 2021 ABC acquired 90% of DEF at book value. The following information is available: 20...
A: The consolidated financial statement adjust the downstream or upstream sale or cost of sales from th...
Q: Unioil produces vegetable based cooking oil and butter spreads. Unioil uses large quantities of crud...
A: 25000 Metric tons required in September 2021 Current Spot Price =RM 2200 per MT In the case of per...
Q: The material sale of inventory items by a parent company to an affiliated company a. Affects consoli...
A: Consolidated financial statements are to be prepared by the parent company, to show the combined ass...
Q: Accounting Question
A: Inventory turnover = Cost of goods sold / Average inventory where, Average inventory = (Beginning i...
Q: What is ‘fringe benefit tax’ (FBT)? Explain at least five main salient features of the FBT?
A: WHAT IS 'FRINGE BENEFIT TAX' (FBT) ? FRINGE BENEFIT TAX IS IS THE TAX LEVIED ON ANY CONSIDERATION FO...
Q: Practice Exercise 4: Ahmed is offered OMR. 5000 four years from now or OMR. 4000 in cash today. Sugg...
A: NOTE: This set contains three questions and nothing has been mentioned regarding which question need...
Q: PROBLEM 13-30 Restructuring a Segmented Income Statement [LO1] Losses have been incurred at Millard ...
A: Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get ...
Q: 2.) On January 3, 2019 Abracada acquired 90% of Deli Co. at book value. The following information is...
A: Parent company - A parent company is a company which has controlling or substantial interest or majo...
Q: Q No.1 Use following title of accounts to complete journal entries of given transactions. 1) HAS...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...
Q: Accounting Question
A: Full capacity = 50,000 Current capacity = 30,000
Q: Which of the following would most likely be classified as a current liability?
A: current liabilites: it is liabilites which is short term and need to repay within on year.
Q: What are Equal-Payment Series?
A: What are Equal-Payment Series?
Q: Topic: Intercompany Sale of Inventory
A: The inter-sales transaction between group entities should be eliminated to present a clear picture o...
Q: On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit t...
A: Given that, the company sold merchandise costing $4500 value of merchandise sold = $7800 sales re...
Q: Computational. Look for the balances of the different accounts using the following transactions: A) ...
A: The financial transactions in a business are recorded into the books to maintain the accounts. The t...
Q: a) 13,000 and 16,250 respectivelyb) 30,400 and 13,000 respectivelyc) 520,000 and 65,000 respectively...
A: An unrealized profit or gain is that gain which is not realized yet because it is estimated by deduc...
Q: Accountants refer to the period of time from October 1 - December 31 as "busy season." True False
A: Fiscal year: The year from the beginning of January to December is referred as fiscal year in accou...
Q: The following information relates to Fanning’s Electronics on December 31, 2011. The company, which ...
A: Adjusting entries (often described as end-of-year adjustments) constitute journal entries produced a...
Q: Blossom Corporation is involved in the business of injection molding of plastics. It is considering ...
A: In this Problem Cash flows are Uniform so first of all we have to calculate Present Value Factor P...
Q: what is the role of performace management techniues in improving organizational performance
A: Performance management involves the process by which the set of activities to be done by the employe...
Q: The expense cycle offers employees many opportunities to commit fraud in processing cash purchases a...
A: “Since you have asked multiple questions, we will solve the first three sub-parts question for you. ...
Q: Mr.W, Mr.X, Mrs.Y and Ms.Z organized a general partnership with W and X as industrial partners and ...
A: Collaboration is a legally binding agreement between two or more parties to manage a company and sha...
Q: On December 31, 2019, P Company purchased 70% of the outstanding stocks of S Company for P271,000 in...
A: The control premium is an amount that an Acquirer pays to the Acquiree for obtaining control over th...
Q: Accounting Question
A: The adjusting entries reported by the corporation because of the accrual concept which requires the ...
Q: Where is net profit shown in balance sheet?
A: The profit of a corporation is referred to as net profits.
Q: REINFORCE YOUR SKILLS 10-1 Analyze and Record Transactions Sadie has left a stack of miscellaneous p...
A: Bank reconciliation statement refers to a reconciliation between the entries entered in the cash boo...
Q: Carla and Eliza share income equally. For the current year, the partnership net income is $40,000. C...
A: We will prepare partners capital accounts in T format to arrive at clos...
Q: ABC Corp. Acquired a 70% interest in GHI Corp on January 2, 2021 for P936,000 when GHI’s net assets ...
A: The income of the both holding and the subsidiary entities excluding the unrealized incomes and amor...
Q: Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur i...
A: Statement showing Sales, Cash Collection and Ending Receivables Feb ...
Q: 188 Part-lI. System of Accoun ing for Costs. 5-9. Three Work in Process Accounts, Calculation of Uni...
A: Cost of goods manufactured means the cost incurred for manufacturing the finished product. Cost of g...
Q: Assume that the underapplied or overapplied overhead is closed to Cost of Goods Sold. Prepare thenec...
A: When the overheads are underapplied, it means that COGS is understand hence we need to adjust by cr...
Q: If Mirabel purchases the new equipment for $1,200,000, it will increase fixed costs by 10% but will ...
A: Break-even point It is a financial calculation for determining the number of products or services a ...
Q: roles of directors in apublis c
A: Step 1 - Role of board of directors The roles of the board of directors are given below. 1.) The bo...
Q: The following selected acCounts appear in the ledger of Kingfisher Environmental Corporation on Marc...
A: The journal entries are prepared to keep the record of day to day transactions of the business.
Q: E7-23 only
A: Special journal means a book which is kept to record the similar entries which occur repeatedly.
Q: Seroja Sdn. Bhd. manufactures customized equipment for local market. The budgeted data for the month...
A: The first question is answered for you. Please resubmit specifying the question number you want answ...
Q: Fill up the missing amount for 1. Asset - 120,000 Liabilities - 15,000 Equity 2. Asset 2 Liabilities...
A: Accounting equation is the one which is the beginning of the accounting system named as double entry...
Q: A company is preparing budgets for the quarter ending Mar 31, 2020. Jan 10,000 unitsFeb 50,000 units...
A: Production budget (in units) . FOR QUARTER ENDING March 2020 January ( in u...
Q: A sole proprietorship had the following assets and liabilities at the beginning and end of this year...
A: We know that, Assets = Liabilities + Owner's Equity or Owner's Equity = Assets - Liabilities Also B...
Q: Please solve the question(sub-part) 4 and 5, and if you could kindly check the answer of the questio...
A: LIFO Reserve: LIFO reserve is the difference in value of inventory calculated using LIFO and FIFO me...
Q: Selected current year company information follows: Net income $ 16,153 Net sales 714,855 Total liabi...
A: Total asset turnover = Net sales Average total ass...
Q: Accounting Question
A: Equity of a business is impact by the revenues and the expenses. Revenue increases the equity of bus...
Q: During June, the Conchran Manufacturing Company's costing system reported several variances that the...
A: Standard costing is an costing method where it was used to identify variances between actual and bud...
Q: Elk River Corporation sells and services pipe welding equipment in Wyoming. The following selected a...
A: Treasury stock refers to those shares that are brought back by the company from the market. Treasury...
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