Accounting Question
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A: The journal entries are prepared to keep the record of day to day transactions of the business.
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A: The equivalent units are calculated on the basis of percentage work completed during the period.
Q: Accounting Question
A: Discount = (Purchase - purchase return) x discount rate = ($3500 - 240) x 2% = $65.20
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A: The preceding year income statement for the year ending March 31 is as follows Sales (200,000 units ...
Q: Net Present Value A project has estimated annual net cash flows of $7,500 for three years and is est...
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A: Direct Labor Cost Variance Formula:
Q: REQUIRED: COMPUTE NCI IN NET ASSET (ONLY)
A: As it is specifically asked to compute NCI (Non controlling interest) in Net Asset it has been been ...
Q: interest in Net assets. Compute for the Profit attributable to Equity Holders of Parent or Controlli...
A: Solution: The profit attributable to the parent entity is determined based on the adjusted net incom...
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...
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A: Process costing means when raw material is added in one process and different process are applied to...
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A: The unrealized intercompany profit must be eliminated each year, reducing the interests of both owne...
Q: Assume that sales volume remains fixed but there is a 5% increase in variable expenses (materials co...
A:
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...
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A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...
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A: An annual report contains various aspects- Corporate information, balance sheet, income statement an...
Q: 1. What are the two requirements for the executor of the Stooge estate to be able to elect the alter...
A: Tax return is the systematic document being filed to the government as the proof against the tax lia...
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A: Transfer Price is the price at which one division of enterprise sells the product to the other divis...
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: PROBLEM 36 Eddie Company acquired 30% of ABC Corporations share for P8,000.000 on July 1, 2020. ABC ...
A: 1. On 01.07.2020, Eddie company acquired shares of ABC company = 30% Purchase consideration = P80000...
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A: Consolidated financial statements are the financial statements of a group consisting of multiple sub...
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A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be so...
Q: In June, one of the processing departments at Furbush Corporation had ending work in process invento...
A: Hi student Since there are multiple questions, we will answer only first question. If you want remai...
Q: ABC just issued US$200 million 10 year bond at PAR with an annual coupon of 2% attached with a 3-yea...
A: Theoretical market price of bond=Rv×Pvf (4%,3) +C× Pvaf(4%,3)=10,000×0.888+200×2.771 (c=10,000×2%=20...
Q: The company bought devices worth 500 dinars on the account. Knowing that the limitation is: 5000 of ...
A: Answer is as per data given Limitation are the constraints.
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A: When the overheads are underapplied, it means that COGS is understand hence we need to adjust by cr...
Q: Accounting Question
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Q: what is State indebtedness
A: Any obligations and liabilities for borrowed money created, issued, or incurred by the Purchased Ent...
Q: . In June 2022, Wild Company had excess cash that would not be needed until March 1, 2022. Managemen...
A: Unrealized profit is the part of profit which is not realized till the end of the accounting year. S...
Q: please answer and i will upvote thankssss A. Determine the present worth of perpetual expenses that...
A: Present worth or present value is defined as the amount of money which required to be invested for a...
Q: Geranium Traders is a clothing store in Diepkloof. Petunia Mokoena owns it. Geranium Traders use the...
A: SOLUTION- TRANSACTIONS- IT IS A BUSINESS EVENT HAVING MONETARY IMPACT ON THE FINANCIAL STATEMENTS OF...
Q: Required answers are listed in the attached picture
A: Cost of Goods Sold = Opening Stock + Net Purchases - Closing Stock Net Purchases = Purchases - Purc...
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: What is the consolidated sales for 2020?
A:
Q: For $42,950,000, Wesco Developers purchased land which their experts believe to contain 28.5 million...
A: Cost of asset=Cost of Land+Development cost=$42,950,000+$12,423,000=$55,373,000
Q: Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 2.5 kilograms...
A: SOLUTION- DIRECT MATERIAL PURCHASE BUDGET- IT IS THAT BUDGET WHICH SHOWS HOW MUCH MATERIAL IS REQU...
Q: Jackson County Senior Services is a nonprofit organization devoted to providing essential ser-vices ...
A: Variable costing- It is a method of costing which helps the entity in calculation their variable and...
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: Delgato Corporation, a manufacturing company, has provided data concerning its operations for Septem...
A: Manufacturing OG cost 100,000 Add: Ending materials 57,000 A 157,000 Less: Beginning mate...
Q: Scoring: Your score will be based on the number of correct matches. There is no penalty for incorre ...
A: Absorption Costing: it is a Method of costing which consider Full cost for manufacturing or Services...
Q: Non-controlling interest in consolidated income is never affected bya) Non-controlling interest is a...
A: The question is multiple choice question and is related to Consolidated Financial Statements. Requir...
Q: define volatility
A: Volatility is a rate at which the cost of a security increments or diminishes for a specified set of...
Q: Hello Below is my answers to a deminishing balance method question: My Answer: Depreciation of Vehic...
A: Depreciation- It is the amount of reduction in the cost of the tangible fixed assets due to continuo...
Q: Compute for the Profit attributable to Equity Holders of Parent or Controlling Interest in Net Incom...
A: On 03.01.2021, ABC acquired DEF at book value = 90% For year 2022 : Inventory of December 31st = 300...
Q: Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: ...
A: Answer (c) $18,000 Estimated manufacturing overhead for the year = $30,000 Estimated direct labor...
Q: Prepare an income statement for Moore Ltd for the year ended 31 December 2018, a statement of financ...
A: Financial Statements: These are the reports which provide information regarding company's financial ...
Q: How long, to the nearest tenth of a year, will it take $4000 to grow to $8000 at 5% annual interest ...
A: Given, Final amount A=$8000A=$8000 Initial Principal balance P=$4000P=$4000 Interest rate r=5%=0.05r...
Q: The following are financial data taken from the annual report of Bree & Company: Year 2 Year 1 Net s...
A: Fixed asset turnover is the ratio how much times revenue has been earned on investing average fixed ...
Q: Compute for Consolidated Asset for 2018.
A: In a consolidated financial statement, the unrealized gains on intra-group transactions should be el...
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