Each of the following statements may (or may not) describe these technical terms. For each state- ment, indicate the term described, or answer "None" if the statement does not correctly describe any of the terms. An activity base that can be traced directly to units produced and can be used as a denominator in computing an overhead application rate. b. The total of all direct labor, direct materials, and manufacturing overhead transferred from work in process to finished goods. A means of assigning indirect product costs to work in process during the period. A debit balance remaining in the Manufacturing Overhead account at the end of the period. e. The type of cost accounting system likely to be used by a construction company. f. The type of cost accounting method likely to be used for overhead costs. а. с. d.

Q: pecia

A: Special Journals – Definition Special journals are those that are designed to handle certain…

Q: EX.09.14

A: Meaning of Capital Expenditure: Capital expenditures (CapEx) are funds used by a company to acquire,…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: Question 4 a/ Which three term structure facts should a good theory explain?

A: A good theory of the term structure of interest rates should explain the following three facts:

Q: E15.11

A: As posted multiple sub parts questions we are answering only first three sub parts kindly repost the…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: 1,352,113.13 is incorrect. What is the correct answer?

A: Net Present Value is used to evaluate the investment and financing decisions that involve cash flows…

Q: E11.5

A: Face value of bonds outstanding on December 31, 2020 = Total Beginning Balance of Bonds Payable -…

Q: How about the Question 3

A: The present value of growth opportunity is defined as the value of stock attributed to the earnings…

Q: Explanation 1031 like-kind exchange

A:

Q: whats 1100+90

A: The question was a simple arithmetic problem that required adding two numbers together. In this…

Q: Topic is Interests If A(t) = 100(1.1)t  Find: a. i5 b. i10 Show complete solution with explanatio

A:

Q: So the answer is  1394 or2450?

A: The deductible business expenses are the expenses which are incurred for business. If the expenses…

Q: Answer to Part C = 42250

A: Given, Maturity =10 Years Market interest rate: 6% Stated interest rate = 5%   Price of the bond is…

Q: Define regulation D

A: The Accounting Standards are specific set of principles and procedures set by the authorized bodies…

Q: rom where does 184.17 came in step 3

A: When a loan is taken then periodic payments has to be made. In this case and situation monthly…

Q: E12.17

A: Retained earnings refer to the amount earned by the organization till the date of preparation of the…

Q: E11.4

A: Bonds payable: It is a long term liability to the organization issuing it. It is issued to raise…

Q: 5 basic of pulic sector ethics

A: Ethics implies the arrangement of rules that the association ought to follow. While in business,…

Q: What about requirement 4+5

A: Since only requirement 4 and 5 is asked I am not solving the 6th requirement.For solution one…

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.