Accounting Question
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A: The unrealized intercompany profit must be eliminated each year, reducing the interests of both owne...
Q: Give an example of an Interest Transaction?
A: Interest is the amount that is based on the credit risk and the inflation rate and profit margin. It...
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A: Step 1 Cash Collection from Debtors = Total Outstanding of Debtors × Collection Period /Operating Cy...
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A: Break-even point: The point where the company generates revenue equal to the cost incurred in busine...
Q: E7-18, and E7-22
A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want...
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A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...
Q: PROBLEM 36 Eddie Company acquired 30% of ABC Corporations share for P8,000.000 on July 1, 2020. ABC ...
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Q: A manufacturing firm uses a job costing system which is also used for assisting in estimating price ...
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Q: Capital balances of partners after exhausting their non-cash assets are as follows: A (20%) – 54,000...
A: Solvency: Solvency can be defined as the capability of the business entity to pay-off the long-term ...
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A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing over...
Q: Aalwyn Ltd was incorporated with authorized share capital consisting of 800 000 10% preference share...
A: Preference shares are those share on which the dividend are issued on priority basis and before ordi...
Q: On January 3, 2021 ABC acquired 90% of DEF at book value. The following information is available: 国 ...
A: Consolidated financial statements are the financial statements of a group consisting of multiple sub...
Q: what is the attributes of determining the far value of intangible assets.
A: A non-physical asset is referred to as an intangible asset. Intangible assets contain goodwill, name...
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Q: If Windsor, Inc. issues 4000 shares of $10 par value common stock for $380000, the account ...
A: General Journal Debit Credit Cash $ 380,000 Common Stock $ 40,000 Addition...
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost...
A: The preceding year income statement for the year ending March 31 is as follows:- Sales (200,000 un...
Q: The Ajax Corporation has an overhead crane that has an estimated remaining life of 10 years. The cra...
A: If we replace the crane now then cashflows will be, At time 0, Sale of old crane ...
Q: ABC acquired 70% of EFG on June 30, 2021. Based on EFG's acquisition-date fair value on intangible o...
A: In a consolidated financial statement, the unrealized gains on intra-group transactions should be el...
Q: What are the equivalent present worth, annual worth, and future worth of the cash flow given in the ...
A:
Q: Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,831. The useful lif...
A: Depreciation = (Cost - Salvage value)/Useful life in years
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A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be so...
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A: We solved current performance ratios and to compare the same with industrial ratios kindly resubmit ...
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A: When the overheads are underapplied, it means that COGS is understand hence we need to adjust by cr...
Q: Djokovic, Federer and Nadal were partners of a firm having their interest 3:2:5 respectively. Their ...
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...
Q: what is State indebtedness
A: Any obligations and liabilities for borrowed money created, issued, or incurred by the Purchased Ent...
Q: Differentiate between a balance sheet and an income statement of a listed company. How are the two s...
A: Since there are multiple questions, we will solve first for you. To get the remaining questions solv...
Q: A machine can be bought for P56,000. Other expenses including installationamounted to P4000. The equ...
A: Depreciation: It refers to decrease in an asset's value over the years due to wear and tear or obsol...
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A: The financial transactions in a business are recorded into the books to maintain the accounts. The t...
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Q: ABC acquired 70% of EFG on June 30, 2021. Based on EFG's acquisition-date fair value on intangible o...
A: An acquisition is the process of acquiring more than 50% of share capital of one company by the othe...
Q: If the company's assets in TL: cash 100.000, accounts receivable 50.000, inventory 150.000, and buil...
A: The goodwill is calculated as excess of purchase price over net value of assets.
Q: Scarlet Company owns 80% of Tamara Corp.’s common stock. During October 2019 Tamara sold merchandise...
A: Unrealized profit is a kind of potential gain which is existed on papers, resulting from an investme...
Q: Bottleneck Profit Product K has a unit contribution margin of $120. Product L has a unit contributio...
A:
Q: Leigh Manufacturers produces three products from a common manufacturing process. The total joint co...
A: Joint costs are those costs which are incurred on more than one product. The products can be main pr...
Q: What is the impact of Engineering Projects on Financial Statements?
A: Engineering projects are those projects that include a more human activity including designing, inno...
Q: For a statement to be true, each part must be true. One detail can make an entire statement false. ...
A: 1) F Receiving cash in advance from a customer for services "Assets Increase and also liabilit...
Q: EXERCISE 11-14 ENTRIES FOR GAIN ON TRADE OF PLANT ASSET On July 1, Klaus Co. acquired a new computer...
A: Trade-in allowance is given to reduce the sale price of the asset.
Q: A limited liability company (LLC): Multiple Choice Has owners called members. Is subject to double t...
A: A Limited Liability Corporation has owners called member.
Q: On January 2, 2022, MAMBA Inc. purchased 5,000 shares of the 20,000 shares outstanding of BLACK Corp...
A: Acquiring the outstanding common shares of a company gives the ownership rights to the buyer. The in...
Q: The non-controlling interest in consolidated income when the selling affiliate is an 80% owned subsi...
A: Non-controlling interest is the interest of those shareholders who does not sell their shares to hol...
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost...
A: The preceding year income statement for the year ending March 31 is as follows Sales (200,000 units ...
Q: 8 see picture to solve
A: This is a Two-Way data table is used in Coating to calculate the Maximization of Total revenue of tw...
Q: The unrealized profits in the year-end 2019 and 2020 inventories were: A. 65,000 and 81,250 resp...
A: Year 2019 Amount($) Inventory (Sheriff's stock in Baelfire Stock) 65000 Sale by Sheriff's to Pro...
Q: Integrative ExerciseIntegrating Accounting for Liabilities and Equity Obtain Apple's 2016 10-K (file...
A: “Since you have asked multiple questions, we will solve the first question for you. If you want a s...
Q: Faucette Corporation has provided the following data concerning manufacturing overhead for January: ...
A: Actual manufacturing overhead incurred $52,000 Manufacturing overhead applied to work in process $7...
Q: Covid Company used a perpetual inventory system. At the end of 2020, the inventory account was P360...
A: Cost of goods sold: It refers to the cost incurred by a company that is directly related to producin...
Q: An adjusting entry to recognize revenue that has been earned but not yet billed or collected will ca...
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