Prepare the journal entry for the following transactions (1) Geysler Company sold some old equipment that initially cost $30, 000 and had $25,000 of accumulated depreciation and received cash in the amount of $3,000. (2) Assume the facts except Geysler received $9,000.

Q: 3). Explain the difference between a joint product and a byproduct. Can a byproduct ever become a…

A: Joint product and by-product are part of cost accounting. Raw materials are purchased or produced…

Q: True/False) All of the regulations for Section 162 are proposed regulations.

A: The general rule for section 162 states that "A deduction of ordinary and necessary expenses paid or…

Q: P12.2 (c)

A: Ending Retained Earnings  = Beginning Retained Earnings  + Net income - dividend declared…

Q: 10) 11) 12) 13) 14) Explain Dual Aspect concept and provide example. Explain Consistency concept and…

A: 10) Dual Aspect Concept:  Any business transaction is documented in two separate accounts according…

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: The Sarbanes-Oxley Act requires the following?

A: Sarbanes-Oxley Act is formulated during 2002 under US federal law. The prime purpose of the act is…

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: elated factor can (pick the best) Select one: a. reverse an association

A: The answer has been mentioned below.

Q: Explanation 1031 like-kind exchange

A:

Q: 2. When do you considered an as to related party’ transaction?

A: A related party is an entity or a person that has some relationship with the reporting entity or…

Q: With the aid of examples, highlight the differences between the following terms: Rights issue and…

A: Solution:- Capitalization issue are also known as bonus issue. The following difference between…

Q: 3. Distinguish between a joint product and a byproduct.

A: The production in the business may lead to product of joint products which are main products and…

Q: What is Break Even Point?

A: BEP is called as break even point. Formula: Break even point = Fixed cost / Contribution per unit

Q: 7. How would you define transaction exposure? How is it different from economic exposure?

A: Exposure refers to the degree to which an individual or entity is subject to a particular risk or…

Q: Why option A is incorrect?

A: revenue is generated by the business whenever  goods or services are sold by the business.this leads…

Q: c. Compare the dollar allocations with those obtained in Problem 6.7. Explain the differences.

A: a.         Here are the allocation rates:                     General Administration…

Q: please question d) e) and F)

A: in order to calculate Weighted average cost of capital it is important to know the cost of capital…

Q: Explain Matching concept and provide example.

A: In order to record revenue and expense for a company, it should consider the matching concept while…

Q: Distinguish between vesting and non-vesting conditions.

A: Share-based payments: These payments agreements are the transactions in which a third party is…

Q: Distinguish between cumulative or noncumulative?

A: cumulative and noncumulative preferred is assumed since the key term is not given.

Q: 1,525,394 is the wrong answer. what is the correct one?

A: The recovery of net working capital (NWC) refers to the return of funds initially tied to current…

Q: explain in details the scope, obectives

A: IAS / IFRS 33 deals with the calculation and presentation of earnings per share (EPS). It applies to…

Q: Explain- Agency cost.

A:

Q: What is the principle behind the Sharpe measure?

A: Shape Ratio: It is known as the Sharpe ratio, this indicator measures how well a financial portfolio…

Q: hat are the Sarbanes-Oxley Act and GAAP?

A: In order to reduce the fraud in corporations while recording financial transitions or preparing…

Q: 3. What is availability? Give an example showing a violation of availability.

A: Following is a meaning of availability and its examples

Q: Over subscription and under subscription

A: Over subscription and under subscription are terms associated with the issue of shares of a company…

Q: The significance difference between U.S. GAAP and IFRS in regard of development cost that IFRS…

A: The development cost represents the future economic benefit under the IFRS as well as GAAP. Under…

Q: Why is a policy statement important?

A: A policy statement or an investment policy statement is a document created by the investment…

Q: Determining current portion of long-term note payable On January 1, Irving Company purchased…

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

Q: 4. Which of the following statements is correct? I. An entity shall present separately each…

A: As per IAS 1 Presentation of Financial Statements,  The objective IAS 1 of IFRS is to prescribe the…

Q: i did ask for a certain question to be resolved question 2b

A: High low method is used to segregate the semi variable or mixed cost into two separate costs i.e.…

Q: Explain the advantages and disadvantages of (i) Progressive taxing system and (ii) regressive taxing…

A: Following is the answer to the question

Q: developed the IPSASs? d.What are the scopes of the IP

A: International Public Sector Accounting Standards (IPSAS) are a collection of accounting standards…

Q: a. What is the Benefit-Cost ratio for "Proposal 1?" [Select] b. Based on a Benefit-Cost analysis,…

A: Benefit cost ratio is an important metric when we look at analyzing and determining the financial…

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.