on Jan 20, 2024 lilly corp purchased a luxury apartment complex in vancouver for $10million cash. in addition to purchase price they paid transfer fees 150000 legal fees 20000 salaries wages each follow 3 year 2024: 103000 25: 107000 26: 110000 ffair value info dec312024: 9.1 mil dec 31,2025:10.9 mil dec31,2026: 11.7 mill complex is investment propert and they apply fair value model prepare all journal entries for each year show ur wirk

Q: Use EMBG's adjusted trial balance to prepare EMBG's balance sheet for the current year-end. EMBG…

A: Definition: Balance sheet: To Know the financial position of the business balance sheet is prepared.…

Q: Please help thanks

A: Equivalent units: This is one of the processes costing methods, under this method the uncompleted…

Q: why are all the answerer are wrong please help

A: Inventory valuation method includes: First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted…

Q: If the company sells produces and sells 3,000 baskets how much operating income will they make A)…

A: Direct material rate per unit = $16,000/2000 = $8 per unit Direct Labour rate per unit =…

Q: look at the image to help me solve the problem

A: In Double Entry System, the total of assets are always equal to the total of liabilities.

Q: Direct materials and conversion equivalent units of production for August . Direct materials and…

A: Solution:-                               Morning Brew Coffee Company…

Q: Required: a. Prepare a statement of LLC liquidation. b. Provide the journal entry for the final cash…

A: Given Information: Lester Capital = $48,630 Torres Capital = $65,630 Hearst Capital = $26,190…

Q: Use EMBG's adjusted trial balance to prepare the company's income statement. EMBG CORPORATION…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: How do I solve these?

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: Hello, I would need guidance with A-F, if possible.

A: Manufacturing overhead: It is the indirect cost incurred as a part of manufacturing the products.…

Q: Are these written in your own words?

A: Yes the answer is writtern in own words. Please find a alternate answer below

Q: Kate is very pleased with the results of the first year of operations for Kate's Cards. She ended…

A: Financial Statement:   A financial statement is the complete record of financial transactions that…

Q: How to solve this problem? How does the answer look all solved? I am struggling to answering this…

A: Multi-step income statement: It is the presentation of a normal income statement in a more detailed…

Q: Thank you so much this is very clea

A: Introduction:- A cash flow statement denotes total amount cash is inflows and cash outflows your…

Q: I need help

A: A payroll journal is a written record of accounting transactions pertaining to payroll. Payroll…

Q: I need help with this

A: ‘’Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Hi, can you help me with this, is hard to understand. Thank you.

A: 1. Allowance for doubtful debt - Allowance for doubtful debt is the account that a company creates…

Q: When preparing a report form of a Balance Sheet for a merchandising business, assume that the…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Uncollectible Accounts-Percentage of Sales and Percentage of Recelvab At the end of the current…

A: We shall answer the first question since the exact one was not specified. Please resubmit a new…

Q: advance for P 60,000. B. On October 1, 2016, Mr. Kemeki, open a consulting firm The business adjusts…

A: Adjusting entries are those entries which are passed at the end of period to reflect income,…

Q: How am I going to solve this? Thank you.

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: How do I find u. I am having a hard time with finding it. Can you show me how to do that. I…

A: We have to explain how to find "u".

Q: kindly, explain more

A: When deciding where to invest there many factors that need to be considered in order to take any…

Q: Big help please

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: I need help with figuring out the solution, thank you.

A: The debtors issues an instrument instead of cash said to be note receivable. In case note is paid…

Q: Discuss the Crowdfunding Campaign process with appropriate examples.

A: Crowdfunding is defined as the method or techniques used for raising the finances or funds from the…

Q: I need help trying to figure out where these go.

A: Petty Cash is the small sum of money maintained by the organisation seperate from Cash to meet small…

Q: 35. If the company produces and sells 2,000 baskets how much will their cost of goods sold be?…

A: Workings: Calculation of variable cost per unit: Total baskets produced = 2000 direct materials cost…

Q: help me with the last

A: In market leader in the product States something regarding the competitions and make a different…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: Please tell answer as soon as possible

A: The closing entries refer to the journal entries passed at the end of the reporting period to…

Q: Please help me with this I'm lost.

A: Comment- Multiple Questions Asked. Utilization Rate- It refers to the performance pointer which is…

Q: can i please get a correct answer for that question

A: The statement of comprehensive income is computed by adding the net income – which is found by…

Q: please help me with part E.

A: A question with multiple sub parts were asked by you earlier. One of the sub parts were not…