Accounting Question
Q: Calendar year S Corporation stock is sold to a partnership on March 13, 2020. On what date is the ...
A: Introduction: Calendar year: Calendar year means the year beginning from January 01 to December 31. ...
Q: What is the uses and fucntions of Executive Performance Measures and Compensation?
A: Answer: Executive performance measures and compensation both are related terms to each other in any ...
Q: preparing pay roll the assembly line worker at K moters are paid any hourly wage plus overtime for e...
A: Formula: Gross earnings of each employee = Total hours worked x Hourly wage rate
Q: Write short notes on the following accounting principles with proper example. A) cost principle? Pr...
A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...
Q: In 2020, its initial year, Business Taxpayer incurred $52,300 in start-up costs. Determine the amoun...
A: Start up Business The purpose of functioning of start up business to implement an ideology or the in...
Q: Foley Co. issued 400 shares of $100 par Preferred Stock for $101 per share. Record this transaction.
A: Preferred stock holder means those stock holder who will be getting dividend before the common stock...
Q: Under a perpetual inventory system, acquisition of inventory is dented to the purchases account. Tru...
A: Under the perpetual inventory system, Inventory transection is charged through the merchandise inven...
Q: Entity A provides bookkeeping services to Entity B for a monthly retainer fee (fixed monthly fee) of...
A: SOLUTION-1- A LIABILITY METHOD (JOURNAL ENTRY) ...
Q: I just need answers.
A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...
Q: If you where an owner of a regular restaurant earning around 6,000 pesos a day net income and you ha...
A: Owner of regular restaurant earning daily net income = 6000 pesos Number of employees in restaurant ...
Q: Job Costs Using a Plantwide Overhead Rate Naranjo Company designs industrial prototypes for outside ...
A: Predetermined overhead rate is the rate at which allocation of overheads is done accurately. When a ...
Q: The expected return on Share Z is 17.50% with a beta of 1.90. If the risk-free rate is 8%, then what...
A: CAPM- Capital Assets pricing Model This Model explain the relationship between return of security ...
Q: Entity A has equipment with a historical cost of ₱1,000,000. The equipment was estimated to have a 1...
A: Depreciation is a reduction in the value of assets due to the usage of that asset. We can evaluate t...
Q: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each ...
A: According to the time value of money concept, the value of money today is more worth than the value ...
Q: D) going concern?example E) periodicity?example F)Revenue recognition principle? Example G)Matchi...
A: The accounting principles seem to be the basic rules and procedures that businesses must adhere to w...
Q: All reconciling items are used to determine the adjusted cash balance per books require the account ...
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Q: Care Company received dividends from its share investments during the year ended December 31, 2011 a...
A: Out of the profit earned by the business entity, some of the profit is distributed by the business e...
Q: There are two projects under consideration by the Rainbow factory. Each of the projects will require...
A: Solution a: Computation of NPV Alpha Project Beta Project Particulars Period PV Factor...
Q: Solomon Corporation paid one of its sales representatives $4,000 during the month of March. The rep ...
A: Fixed cost = Base salary = $4000 Variable cost = Number of units sold * $10 per unit
Q: Which of the following statements regarding the trial balance is most likely to be invalid? The pur...
A: 1. 4. The preparation of the trial balance creates a starting point for the preparation of the finan...
Q: Which of the following statements about a firm's financial statements is true? a. An income s...
A: A balance sheet is a financial statement that represents the financial position of a company as on a...
Q: Using the following information, prepare a bank reconciliation for Young Co. for August 31, 2009: ...
A: Given Information: Bank statement balance is $4,010 Cash account balance is $4,207
Q: Receivables: Credit Terms: ABC sold boxes of candles at P1,000 each. Each box costs P750. Daily sale...
A: Accounts receivable includes the amount that is to be received from the debtors of company and if th...
Q: Of the If taxable income is The tax is this A tax rate schedule is But not Plus given in the table. ...
A: US Taxation - The USA has separate federal, local and state governments with taxes imposed at each o...
Q: The summary of the payroll for the monthly pay period ending July 15 indicated the following: Sale...
A: Federal income taxes are imposed in USA. The income tax is calculated by implementing tax rate which...
Q: An S Corporation is not permitted to take a deduction for: Officers’ compensation Interest paid t...
A: Charitable Contribution Charitable contribution in which the person given for the help of effected ...
Q: You are given the following data: Fixed expenses OMR. 4,000Break-even point OMR. 10,000Calculator- ...
A: 1) PN Ratio or PV ratio = Fixed Cost / BEP = 4000 / 10000...
Q: Care Company received dividends from its share investments during the year ended December 31, 2011 a...
A: Dividend refers to the amount of profit that is distributed by the company to its shareholder. It is...
Q: 1. A donor contributed $100,000 in cash to Goodwill Industries in 2020. The donor specified that the...
A: "Since you have asked multiple question, we will solve the first question for you. If you want ...
Q: Tanner-UNF Corporation acquired as a long-term investment $250 million of 8% bonds, dated July 1, on...
A: Date Accounts Debit Credit January 2, 2022 Cash 200,000,000 Discount on Bonds 39,500,000 ...
Q: Without a computerized inventory accounting system, a perpetual inventory system would most easily b...
A: Perpetual Inventory System: In Perpetual Inventory system the purchase and sale are recorded immedia...
Q: On 1 July 2019, True Ltd leased a plastic-moulding machine from Grit Ltd. The machine cost Grit Ltd ...
A: A payment schedule is a collection of payments that must be made on a regular basis, such as weekly,...
Q: Check my work Critz Company was started on January 1, Year 1. During the month of January, Critz ear...
A: The question is related to Financial Statements. Required Determine a.Balance of Retained Earnings ...
Q: In your own words, define W-3: explain the purpose, and who uses the form.
A:
Q: 1. At the beginning of 2020, the balance sheet of a county general fund reports $500,000 in property...
A: According to GAAP Principles on Financial Accounting for Property taxes, taxes which are Government ...
Q: The KLK Clothing Company manufactures professionals clothing for women. In order to keep costs low w...
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Q: Betty has finally returned to her job as an accountant at Blue Chip Enterprises, a small family run ...
A: The company's aim will be to increase the profitability of the company. The profits can be arrived f...
Q: Erogomomics Supply Inc., organized on July 1 of the current year with the authorization of 80,000 sh...
A: A journal entry records a business transaction and is the first step of the accounting cycle. Every ...
Q: Mika Corporation uses FIFO method to calculate the value of Inventory on hand on March 31 and cost o...
A: First In, First Out (FIFO) is part of an accounting method where assets which are acquired first are...
Q: When an asset is sold, the accumulated depreciation account for the asset must be closed off to the ...
A: The Depreciation expense is charged as reduced on the Value of fixed assets with passage of time.
Q: I dont need work just answers.
A: Retained Earnings at the closing is $54,000. Cash Available at the end of the period is $77,000. ...
Q: Three alternatives have the following cost and annual benefit data associated with them: The loan pa...
A: Incremental internal rate of return refers to the process of analyzing the estimated rate of return ...
Q: AUDITING RETAINED EARNINGS AND DIVIDENDS The accounts from the shareholders' equity section of the...
A: statement of change in Shareholders Equity helps in knowing how and whats make the total Equity of t...
Q: Suppose you can either make computer chips or smartphone chips. If you produce computer chips, you e...
A: Implicit Cost implies the opportunity cost. In other words, implicit cost implies the benefit forgon...
Q: Dackers Company, a wholesaler of jeans, had the following income statement for last year: Sales (40,...
A: Gross Margin/Profit is the difference of Sales and Cost of goods sold. Variable Cost is cost that ba...
Q: Solve the task that is attached
A: 1. Flexible budget Budget per unit cost Flexible Budget 5,500 Units Direct materials $660,000 ...
Q: ABC Corporation resells one type of candle. It has 250 working days. Each day, it sells an average o...
A: Given: To calculate the inventory of the company as,
Q: Donner's customer, Blitzen, paid off an $8,300 balance on its account receivable. Blitzen should rec...
A: Journal entries: It is the duty of the accountant to record business economic and non- economic tra...
Q: Required: 1. Retained earnings - 2019 (restated)?
A: The company periodically earns income and it distributes part of it to the stakeholder’s and rest it...
Q: Aswer correctly. Options already selected are not all correct. Revise and answer.
A: Cash budget refers to an estimation of cash inflows and outflows in a business over a specified peri...
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