True or False 1. A continuous lost is assumed to occur at a specific point in the production 2. Abnormal spoilage is accounted in the computation of

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A: Introduction:- Accounting principles are guidelines issued by accounting standards like GAAP and…

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A: Cash paid for purchase of treasury stock = 2000×$18 =$36000

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A: Net Present Value is the Present value of cash inflows less initial investment . Initial Investment…

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Q: 1000, Y*=1000 um level of production is:

A: Given as, Consumption function C=100+0.8(Y-T) Investment I=400 X=0.3Y* IM=0.3Y T=1000 and G=1000,…

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A: Given: - beginning cash balance= 1,300,000 cash flow from operating activities= 400,000 cash flow…

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A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: What is the operating cash flow for a firm with $500,000 profit before tax, $100,000 depreciation…

A: Tax = $500,000 x 21% = $105,000 Depreciation expense = $100,000 Profit before tax = $500,000

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A: Formulas: Bad debts expense = Ending allowance for doubtful accounts + Written off accounts -…

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A: Depreciation refers to the allocation of cost over the expected life of the assets and in short, it…

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A: Statement of cash flows: It is a financial statement that shows the increase or decrease in the cash…

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A: Sunk Costs are the costs which are already incurred in past. These costs are not relevant in…

Q: A printing machine initially costs ₱158,000. It can be sold for ₱15,000 at the end of its 10-year…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

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A: High-low Method:- Under this method, difference between the total cost at  highest and lowest volume…

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A: Cash received on issue of 8000 shares at $25 = 8000×$25 =$200000

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A: Cash payback period is the number of years within in which initial outflow of an investment is…

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A: Annual Profit contribution: For first 3 years = $500 per year For last 2 years = $500 x 80% = $400…

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A: The question is asking about the VALUE OF CLOSING INVENTORY not the COST OF INVENTORY SOLD, what you…

Q: g two mutuall

A: Given as,

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A: The variable costing system assunes only variable cost to be included in the product cost.

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A:

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A: Variance is considered as the difference between budgeted value and actual results. The management…

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Q: ate annuity on

A: Given as, 5000 for 5 years and 15000 for next 5 years.

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A: Formulas: Bad debts expense = Ending allowance for doubtful accounts + Written off accounts -…

Q: Exercise 2. Prepare an income statement for Blueberry Cleaners for the month ended October 30, 20..…

A: Income statement means the statement which shows all nominal account and reflect the net profit or…

Q: What is the adjusted net income for 2019?

A: 2019 Reported Net Income  $ 4,00,000.00 Adjustments:   a. Failed to record Accrued Expense…