Payment for acquisition of merchandise antory are ren orted as investing aporte

Q: True or False?   And why?

A: The objective of the question is to verify the calculation of the cost of goods sold (COGS) for a…

Q: _2. An existing line of credit that a consumer can use at a store is called an acquisition account.

A: an existing line of credit that a consumer can use at a store is not called an acquisition account

Q: Required information [The following information applies to the questions displayed below.] Sammy's…

A: The company cab declare dividend in the form. Of cash or stock dividend. The dividend is declared…

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A: Under Absorption costing, all manufacturing costs (whether fixed or variable) are included in the…

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A: Variable Cost per cleaning = $8000/4 = $2000 per cleaning.MonthNumber of CleaningsFixed CostVariable…

Q: A corporation is a business owned by its stockholders.

A: Company or Corporate: Company is an acceptable type of business organization or legal structure for…

Q: this is wrong. Answer is B

A: A dividend is defined as the part of the profit which is not distributed by the company among the…

Q: True or False:

A: Explanations: 1. Total capital of the firm depends upon the types of capital a firm has issued.…

Q: revaluation or restatement of assets and liabilitie:

A: Equity is calculated by deducting total liabilities from total assets. It can be more clearly…

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A: The answer for the True or false question on the applicability of Conceptual framework is discussed…

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A: Net cash flow is the amount of cash generated or lost over a specific period of time, usually over…

Q: Any corporation not meeting the requirements for an S corporation is automatically a C corporation.

A: C corp operates as a conventional business structure in the United States, subject to corporate…

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A: Oligopoly Market : In oligopoly, There are few large sellers who occupy the major share in the…

Q: 34. Dissolution is always followed by liquidation. . 0 The amount of asset revaluation when a new…

A: partnership  between partners to share profit and loss and contribute capital in the aggred ratio .…

Q: _6. The unpaid-balance method computes finance charges based on the portion of the account balance…

A: Given statement is false.   Explanation- The unpaid-balance method computes finance charges based on…

Q: An effective process of capital allocation promotes productivity and provides an efficient market…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Problem 6-15 You manage a risky portfolio with an expected rate of return of 17% and a standard…

A: Sharpe ratio is used to help investors understand the return of an investment compared to its…

Q: Big Apple Company sells tickets in advance for its weekly productions and records the proceeds as…

A: A T-account has three sections. The top is the name of the account. The left-hand side is where…

Q: _7. The average daily balance method – new purchases included means that the company adds any new…

A: The average daily balance method computes the interest costs by considering the purchases, the…

Q: Dinklage Corp. has 121 million shares of common stock outstanding. The current share price is $49,…

A: Weight of common stock : it means the ratio of equity and total  capital used by the firm whether on…

Q: Northern Wood Products is an all-equity firm with 25,100 shares of stock outstanding and a total…

A: Earning per share refers to an income attributable to the outstanding shareholders out of the…

Q: 12. Which statement is NOT true? A. Families can save money to pay some of the cost of attending…

A: Loans: It refers to a type of credit vehicle in which a sum of money is lent to a person in exchange…

Q: Part B Write a procedural text of about 200 to 300 words that describes how to successfully carry…

A: The answer to the question are given below:

Q: Sysco Corporation, formed in 1969, is the largest global distributor of food service products,…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: 4. Financial Management, this area focuses on the decisions made by businesses and individuals as…

A: Required: To state TRUE or FALSE

Q: Behavior True False Asset bubbles tend to be corrected by a reversion of market prices toward the…

A: Yes, the first statement is true because asset price is mean-reverting i.e. intrinsic value. If the…

Q: 6. From a borrower's perspective, interest if the fee paid on an amount of money, whether loaned or…

A: The questions are related to True or False. This is due to interest and fees, which is what a lender…

Q: rue or Fals

A: As per the Honor code of Bartleby we are bound to given the answer of first question only, Please…

Q: Question 27 Waterways mass-produces a special connector unit that it normally sells for $3.80. It…

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…

Q: 5. Manufacturing costs that cannot be classified as direct materials or direct labor are classified…

A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…

Q: Which of the following are substantive tests?

A: For identifying whether the following are substantive tests or not we need to first identify what is…

Q: - 3. Consider the balance sheet of Wilkes Industries as shown below. Because Wilkes has $800,000 of…

A: Answer:- Asset refers to the resource that a company owns or controls to use in production to…

Q: You would rather have a tax deduction thana tax credit of equal size. Ture False A large tax refund…

A: FALSE Tax Credits and Tax Deductions both help in reducing the amount of income tax to be paid by a…

Q: Married individuals filing separate Forms 1040 are not eligible to claim an exclusion for interest…

A: 16.True. To claim an exclusion for interest income earned on United states saving bonds used to…

Q: A debit side entry must have a corresponding credit side entry. The normal balance of an account…

A: Solution Debit and credit are used in company bookkeeping in order for its books to balance.

Q: TB TF Qu. 09-28 (Static) The amount of Federal Insurance Contributions Act (FICA) tax. The amount of…

A: Federal Insurance Contributions Act (FICA) is enacted to fund the Social Security and Medicare…

Q: 15. Grants shall not be recognized on a cash basis as this is not consistent with GAAP.

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

Q: true or false questions

A: Adjusting entries are prepared at the end of the year to accrue the revenues and expenses accrued…

Q: Indicate whether the statement is true or false. 1. A credit card can be used to purchase items on…

A: Credit card can be used to purchase items on credit only

Q: Exercise 11-17 (Algo) Preparing a statement of retained earnings LO C3 Prepare a statement of…

A: RETAINED EARNINGS    Retained earnings Account are shown under the Shareholders Equity in the…

Q: Available-for-Sale Securities are reported on the balance sheet at cost.

A: Held for sale securities are current assets.These are likely to be sold within 1 year.Held for sale…

Q: Under clean-surplus accounting, a statement of common shareholders' equity has no income other than…

A: According to the clean surplus accounting idea or concept, equity-related profits and losses should…

Q: If a firm's tangible assets are measured at their fair (intrinsic) value, one must forecast that…

A: Fair (Intrinsic) value: When the price of tangible assets such as buildings, machinery, etc. is…