Under what circumstances does the economic entity assumption not apply? a) When a sole proprietor files for personal bankruptcy affecting the business b) When a corporation issues new shares c) When a partnership adds new partners d) When a company pays dividends
Q: Please help, give me a detailed answer to this.
A: Let's solve this step by step to determine the amount of interest to be capitalized in 2025.1.…
Q: Martin corporation has provided...accounting
A: Explanation: As per activity-based costing, the activity rate is calculated as = Activity Cost…
Q: Don't use ai to answer I will report you answer
A: Adjusted Basis to Father: $40,000Fair Market Value at Gift: $30,000Sale Price: $45,000 Scenario…
Q: 65 Accounting..
A: Explanation of Step Acquisition: Step acquisition occurs when a company gradually increases its…
Q: Need help with this accounting question
A: Step 1: Define Accrued InterestFor a lender, accrued interest is the amount of interest income due…
Q: General accounting Based on these data, calculate starlight company's return on stockholders equity
A: Return on Stockholders' Equity (ROE)To calculate the Return on Stockholders' Equity (ROE), the…
Q: Activity 4. Research Questions Conduct your own research to answer the following questions. 4.1…
A: Explained Above.
Q: Give true answer this accounting question
A: Step 1: Define Job CostingWhen an industry does not create similar products or when every order…
Q: The following are selected accounts and balances for Mergaronite Company and Hill, Inc., as of…
A:
Q: I need Solution
A: Explanation of Net Working Capital: Net working capital is the difference between a company's…
Q: I need answer of this question general finance
A: Step 1: Define Statement of Cash FlowsA cash flow statement is an important aspect of a company's…
Q: Pleae fill all cells necessary!!! please help me. The Last column on the right, that is hidden, is…
A: In (a), the accounts affected are cash and notes payable. The ones in red or in blank spaces are…
Q: I need answer of this question general accounting
A: Step 1: Define Bank ReconciliationThe act of reconciling a bank account enables comparison and…
Q: Need Answer to Question
A: 1. Understanding Stockholders' EquityStockholders' equity represents the residual interest in the…
Q: What would the price of the stock be for black adam enterprise on these financial accounting…
A: Step 1: Define Price-Earnings RatioThe company uses the price-earnings ratio to calculate the value…
Q: Take Home Portion Wishful Thinking (WT) School of Management is building a new facility on a piece…
A:
Q: Provide this question solution general accounting
A: To determine the amount of cash received from customers, we need to adjust the sales figure reported…
Q: General Business
A: 1. Calculating Beginning EquityWe can calculate Beginning Equity using the accounting equation:…
Q: Need answer the accounting question please answer do fast
A: Step 1: Define Bank ReconciliationBank reconciliations are carried out daily to check that the…
Q: financial accounting 5 point assignment
A: Explanation of Present Value of a Lease:The present value of a lease represents the current worth of…
Q: Answer
A: Break-even analysis determines the point at which a business's total revenues are equal to its total…
Q: Please corporation sold a machine accounting
A: Step 1:- Define MachineA machine is a system that uses power to act. The machine is used to perform…
Q: Please give me answer general accounting
A: Step 1: Define Material Price VarianceThe price of material variance is computed by the elimination…
Q: Assignment prblm
A: Concept: Present Value of Lease:- The Present Value (PV) represents the value today of a series of…
Q: Need answer the accounting question
A: Step 1: DepreciationThis is one of the basic accounting concept which is considered as an expenses…
Q: Provide this question solution general accounting
A: Step 1: This question is related to the concept of the break-even point - At the breakeven point,…
Q: Pharoah Company had the following balances in receivable accounts at October 31, 2025 (in…
A: Step 1: Total receivables Total receivables = ReceivablesTotal receivables = Accounts receivable +…
Q: General Accounting
A: Step 1: Define Debt-to-Equity RatioIn business and finance, the debt-to-equity ratio is a…
Q: I need answer of this question solution general accounting
A: Step 1: Define Account ReceivablesWhen a firm sells its items to its consumers on credit, the…
Q: Provide Answer of this one please need Correct Answer general accounting
A: Step 1: Define Average Collection PeriodThe average collection period is determined when analyzing…
Q: rmn
A: Detailed explanation:Cash Flow from Operating Activities Net Loss (given) -$12000Adjustment to…
Q: Hello tutor please provide answer the accounting question
A: We are using the formula for the expected return on equity after leveraging:Re=R0+ED⋅(R0−Rd)…
Q: What would be the correct discounted net cash flow to include in an acquisition analysis on these…
A: Step 1: Define Discounted Cash FlowAn approach that assists the analysis in evaluating an investment…
Q: Find out the total gross wages for the week.
A: Explanation of Regular Hours: Regular hours represent the standard number of working hours in a…
Q: How much overhead should be applied to Job No. B12 on this financial accounting question?
A: Step 1: Define Manufacturing CostsThe manufacturing costs are the costs incurred to convert the raw…
Q: American Eagle Outfitters 2024 Financial analysis significant findings and the meaning of the…
A: Significant findings from my analysis of American Eagle Outfitters' 2024 financial performance and…
Q: Please provide answer the accounting question not use ai
A: Step 1: Define Profit MarginProfit Margin is also referred to as the income. This is the amount…
Q: (28) A company reported the following data: 口 Sales Variable operating costs $240,000 (20,000 units)…
A: Approach to solving the question: Analysis Detailed explanation:Formula:Margin of Safety = Actual…
Q: Provide correct solution these accounting question not use ai please don't
A: Step 1: Receivables turnover can be calculated by dividing the net income by the average trade…
Q: Follow the instructions
A: Definitions Related to the QuestionResearch Costs:Research costs refer to the expenses incurred in…
Q: Help
A: Approach to Solving the QuestionUnderstand the Scenario:The objective of the question is on business…
Q: ?
A: FEEL FREE TO ASK FOR CLARIFICAITONS.
Q: Required: Compute the following three ratios for The Home Depot's year ended January 30, 2022: fixed…
A: Step 1: Definition of Fixed Asset Turnover Fixed Asset Turnover is a financial metric that evaluates…
Q: Determine ending inventory under weighted average cost.
A: Hi Student, please note that I did not round the intermediate calculations below and I rounded the…
Q: Assume the following information was derived from the fund financial statements prepared by the city…
A:
Q: None
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Please provide step by step solution or in excel format
A: The shift from Just-in-Time (JIT) strategies to carrying stock is driven by global supply chain…
Q: General Accounting
A: Problem Breakdown: Coca-Cola's worldwide sales in 2011: 26.7 billion cases.Spain's share of sales:…
Q: Get correct answer general accounting
A: Step 1: Define Bank ReconciliationAccount transactions can be verified with accounting invoice…
Q: I need answer of this question general accounting
A: Step 1: Define Adjusted Cash BalanceThe adjusted cash balance refers to the balance of the cash…
I need answer to this accounting Question-mcq
Step by step
Solved in 2 steps
- Correct answer? With proper definitionDiscuss the circumstances under which losses are disallowed to a corporation in a liquidation.What is the legal relationship of a sole proprietorship to its owner? A. The owner and the sole proprietorship are considered to be the same legal entity. B. A sole proprietorship can survive the death of its owner. C. The owner can shelter profits of a sole proprietorship from taxation. D. Then owner is not liable for debts incurred by the sole proprietorship.
- Describe the three hurdles partner John must pass if he wants to deduct a loss from his share in an S corporation. What other loss limitation rule may impact the deductibility of losses from an S corporation?Which of the following statements regarding losses is true? A. A personal net operating loss may be carried back but not forward to other tax years. B. A sole proprietor may deduct business losses against any form of income. C. In a regular corporation, entity level losses are passed through to the shareholders. D. In a S corporation, entity level losses are fully deductible by the shareholder under any circumstance.When may a corporation sell, lease, exchange, mortgage, or pledge all or substantially all of its assets in the usual and regular course of its business? b. When may a corporation sell, lease, exchange, mortgage, or pledge all or substantially all of its assets other than in the usual and regular course of its business? c. What are the rights of a shareholder who dissents from a proposed sale or exchange of all or substantially all of the assets of a corporation other than in the usual and regular course of its business?
- Which one of the following statements is incorrect related to the liquidation of the company? 1. Liquidation shall be effected by all the partners 2. Liquidation is processed by an appointed liquidator 3. Two or more liquidators cannot be appointed to act jointly 4. Liquidator appointment need not be as per constitutive documents.Select the best answer. Which of the following statements regarding transfers of property or services is true? For a transfer of property to a corporation, no gain is recognized by the taxpayer if the O A. transferred property is encumbered with liabilities in excess of the taxpayer's basis in the property. O O O If receipt of stock is subject to a substantial risk of forfeiture, income is recognized by th B. recipient in the year the stock is received even though the substantial risk of forfeiture h lapsed. If the contributing partner receives a capital interest in the partnership upon contributi C. services, the contributor will be taxed on the transfer when the contributor actually rec profits. In order for an exchange of services to a partnership for a profit interest to qualify as a D. nontaxable event, the service partner must provide services to the partnership or for it benefit, and the services must be provided by the service partner in his capacity as a p Submit Answers9 When making non-cash distributions where the fair market value of the property distirbuted exceeds its adjusted basis, corporations must: a. Defer the gain until such time as the recipient shareholder disposes of all stock in the corporation b. Disclose the adjusted basis info to the recipient shareholder so the shareholder may recognize the gain upon disposition. c. Recognize gain under IRC 311
- An individual contributes property with an FMV in excess of basis to a corporatioin exchance for stock. The property is subject to a mortgage. In each of the followiinciances determine the basis obnestock in the hands of the shareholder and the bacof the propertycontributed in the hands of the corporation. Assume that the 80 ait.I meta. The property is subjoct to a morteage that is less than basis, and the corporatioassumes the morezec.o. The property is subicct to a morteage that is more than basis. and the corporatio:assumes the mortgage.Which of the following statements regarding constructive dividends is not correct? a. Constructive dividends do not need to be formally declared or designated as a dividend b. Constructive dividends need not be paid pro rata to the shareholders. c. Corporate shareholders that receive constructive dividends may not use the dividends received deduction. d. Constructive dividends are taxable as dividendsA subsidiary corporation is liquidated under Section 332. Pursuant to its liquidation, the subsidiary distributed property to a minority shareholder. With respect to this distribution, what are the tax consequences to the subsidiary corporation and to the minority shareholder?