All of the following describe a liability except. a. investments by owners b. outsider claims c. debts to creditors d. economic obligations to creditors
Q: ?????
A: To find out how much you will have in 11 years, we calculate the future value of the $43,000 after…
Q: Need help with this general accounting question
A: Step 1: Define Direct Materials BudgetThe direct materials budget is prepared to estimate the…
Q: Please give me answer this financial accounting question
A: Step 1: Define Debt-Equity RatioThe ratio of the total debt relative to the total equity is called…
Q: What is the total amount of assets at the end of the year on these general accounting question?
A: Step 1: Define Accounting EquationThe Accounting Equation is the foundation of double-entry…
Q: A company produces a single product. Variable production costs Variable selling and administrative…
A: Explanation of Variable Costing: Variable costing is an inventory costing method that only includes…
Q: Given answer accounting questions
A: The Degree of Operating Leverage (DOL) can be calculated using the formula:DOL=%Change in Net…
Q: I don't need ai answer general accounting question
A: Approach to solving the question: For better clarity of the solution, I have provided both the…
Q: Accounting 25
A: Explanation of Return on Assets (ROA):Return on Assets (ROA) is a profitability metric that measures…
Q: How much is Stephen's disposable income?? General accounting
A: Step 1: Define PayrollWhen an employee is hired by a company, the company is required by law to make…
Q: On its balance sheet will be ??
A: Step 1: Define Straight-Line DepreciationThe straight-line depreciation method is a method where an…
Q: A company has beginning inventory of 2,300 units at a cost of $4.4 per unit. During the month, it…
A: Concept of Beginning Inventory: Beginning inventory refers to the number of units or stock a…
Q: Please solve general account questions
A: Step 1: Understand the Flow of UnitsIn a production process, units are accounted for using the…
Q: Which of the following is NOT
A: Concept of Non-Current Assets: Non-current assets are long-term resources owned by a business,…
Q: What is the original cost of machinery?
A: Step 1: Define DepreciationDepreciation is the non-cash expense charged in the income statement to…
Q: Calculate the cost per equivalent unit of conversion using the weighted average method.
A: To calculate the cost per equivalent unit of conversion using the weighted average method, follow…
Q: Rose Company uses a job order cost system and applies overhead based on estimated rates. The…
A: Step 1: Predetermined overhead rate Basis: Direct labor hours Predetermined overhead rate =…
Q: General Accounting Question please answer
A: Step 1: Define Section 197 AmortizationSection 197 allows for the amortization of intangible assets,…
Q: Jones company reported a pretax book solve this question general Accounting
A: Step 1: Define Income taxThe government collects tax revenue from residents for initiatives that…
Q: Hi teacher please help me this question general accounting
A: Step 1: Define Variance AnalysisVariance analysis is conducted by comparing the actual values of…
Q: What was the net income for the year on these general accounting question?
A: Step 1: Define Net IncomeNet income is the profit a company earns during a given period after…
Q: General Accounting question
A: Step 1: Define Profit Margin RatioThe profit margin ratio tells us the percentage of profit in the…
Q: ?
A: Explanation of Total Manufacturing CostTotal manufacturing cost is the complete cost incurred to…
Q: What is the fixed cost per month?
A: Explanation of Total Cost:Total Cost refers to the combined cost of producing goods or services,…
Q: The matching principle requires that: (a) Expenses are recorded when cash is paid (b) Assets and…
A: Option (a): Expenses are recorded when cash is paid.It describes cash accounting, not the matching…
Q: Need answer the general accounting question not use ai please don't
A: Step 1: Define Net Cash Provided by Operating Activities (Indirect Method)The indirect method…
Q: General Accounting
A:
Q: Get correct answer
A: Step 1: Definition of Total AssetsTotal Assets represent the sum of all resources owned by a…
Q: ?
A: Explanation of Revenue:Revenue is the total income generated from the sale of goods or services by a…
Q: A manufacturing company produces 1,000 units at a total cost of $20,000, where $5,000 is fixed…
A: Concept of Fixed Costs:Fixed costs are expenses that do not change with the level of production or…
Q: Please solve this question general accounting
A: Step 1: Define Net ProfitNet profit or net income is the ultimate profit generated by a company…
Q: A company is analyzing its break-even point for a product with a selling price of $63 per unit. The…
A: Explanation of Break-Even Point:The Break-Even Point represents the sales volume at which total…
Q: What is the amount of net income?
A: Step 1: Define Net IncomeNet income is left with the business after providing for all the expenses…
Q: A review of Bearing's Year 2 records disclosed the following tax information: Wages $20,000; Taxable…
A: To calculate Bearing's Year 2 Adjusted Gross Income (AGI), we need to sum up all income sources and…
Q: A business purchases equipment for $25,000, paying $6,000 in cash and signing a note payable for the…
A: Concept of Total Cost:The total cost refers to the complete monetary value of an asset, including…
Q: ?
A: Explanation of Applied Overhead:Applied overhead refers to the manufacturing overhead that is…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Operating LeverageOperating leverage measures the sensitivity of a company's…
Q: The total assets of Dierdorf Co. are $780,000 and its liabilities are equal to two-thirds of its…
A: To determine Dierdorf Co.'s stockholders' equity, we use the accounting equation:…
Q: What is the value of this investment on these financial accounting question?
A: The perpetuity formula is used to calculate the present value of a series of infinite cash flows…
Q: See the table for more info
A: Explanation of Variable Overhead Costs:Variable Overhead Costs are the indirect expenses that…
Q: Myrna and Geoffrey filed a joint tax return in 2017. Their AGI was $85,000, and itemized deductions…
A: To determine how much of the state income tax refund Myrna and Geoffrey must include in their gross…
Q: Financial accounting question
A: Step 1: Define Du Pont AnalysisDu Pont model aids in assessing return equity. To obtain a clear…
Q: Need help with this general accounting question
A: Step 1: Define Predetermined Manufacturing Overhead RateThe predetermined manufacturing overhead…
Q: Financial Accounting Question please solve this problem
A: Step 1: Define Preferred Stock OutstandingPreferred stock outstanding refers to the number of…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Degree of Operating LeverageDegree of operating leverage (DOL) measures how…
Q: What was callie's gross profit???
A: Step 1: Define Gross profitIt is shown in the income statement of the company. While computing gross…
Q: For the year ended December 31, 2015, Pering Co. reported pretax financial income of $550,000. Its…
A: Step 1: Identify the FormulaThe relationship between taxable income and current tax expense is:…
Q: Which of the following is false? a. A company can have a transaction that affects only the left side…
A: The correct answer is:b. In each accounting transaction, total debits to assets must be equal to…
Q: 2. Financial Accounting: On January 1, a company lends a corporate customer $178,000 at 7.25%…
A: Explanation of Interest Revenue:Interest revenue is the income earned by a lender for allowing a…
Q: Financial Accounting question
A: Step 1: Define Gross ProfitGross profit is the difference between net sales and the cost of goods…
Q: What is the company's gross profit on these general accounting question?
A: Step 1: Formula Gross profit = Net sales - Cost of goods soldGross profit = (Sales revenue - Sales…
All of the following describe a liability except _. . general account
Step by step
Solved in 2 steps
- Which of the following is most likely to be classified and reported as a current liability? a. Prepaid Expense b. Bond Payable c. Mortgage Payable d. Unearned Revenue O None of the aboveWhich of the following is usually not an accrued liability? Select one: a. Notes payable b. Taxes payable C. The answer does not exist d. Wages payable e. Interest payable Jump to...For a liability to be recognised within the financial statements, it needs to be reasonably apparent that an obligation to an ____________exists. Select one alternative: legal obligation external party another party counter party
- Briefly explain off-balance-sheet assets and off-balance-sheet liabilities with an appropriate non-market related OBS liability example.Which of the following is least likely to be classified as a current liability? Select one: Accounts payable Income tax payable Bonds payable Unearned revenueа. Define what is an off-balance sheet activity? Also provide an example of an off-balance sheet liability.
- 1. Which of the following is not an essential characteristic of a liability? * a. It is a present obligation that entails settlement by probable future transfer or use of cash, goods or services. b. The liability must be an unavoidable obligation. c. The transaction or other event creating the obligation must have already occurred. d. The obligation must be settled to an identifiable party.Liabilities are the owner's claim on assets. Group of answer choices True False1. What are contingent liabilities and could you give some examples of contingent liabilities? Which two conditions have to be met in order to report a contingent liability on a balance sheet?
- When should a contingent liability be recognized and reported on the financial statements? A. Reporting contingent liabilities do not require they be probable or reasonably estimated B. When the contingent liability is probable C. When a reasonable estimation can be made of the amount owed D. When the contingent liability is probable and a reasonable estimation can be made of the amount owedDefine debtor-in-possession (DIP) financingWhich item below is not a current liability? Select one: O O a. Unearned revenue b. Trade accounts payable c. cash dividends d. The currently maturing portion of long-term debt