What is materiality? Explain?

Q: 3.Find the value of a 15 % coupon 3 year maturity bond, whose face value will be repaid at the end…

A: A bond is a fixed-rate debt security that provides funds to the company for a certain maturity…

Q: 6. The assets and equities of the Perdales, Ceballus and Bandonell partnership at the end of its…

A: SOLUTION-   EXPLANATION- PERDALES  (45000 / 30%) 150000 CEBALLUS (30000 / 50%) 60000…

Q: Which of the following best characterizes the bonus method of recording a new partner's investment…

A: Solution:- The following best characterizes the bonus method of recording a new partner's investment…

Q: Partners Mcdo and Jobbe have capital balances ofP150,000 and P45,000 and share income in a ratio of…

A: Since, It is given in question that Total Capital will be P267,000.Therefore, Capital Balance of…

Q: 2.A person got a loan of 200.000 € from Bank A at 12 % annual interest rate. The bond will be repaid…

A: Amortization table: It is the schedule showing repayment of the loan amount that includes principal…

Q: Which of the following statements is true? COMPANY NAME Some Corporation 123 Somewhere Drive,…

A: An earnings statement also commonly referred to as the payslip consists of payment information. It…

Q: In the ABC Partnership, A's capital is P40,000,B's capital is P70,000, and C's Capital is P20,000.…

A: Solution Given A’s capital 40000 B’s capital 70000 C’s capital 20000 Profit…

Q: 1.A father is investing 1000 t, every 6 months into a life insurance account for his son. According…

A: Using Future value in excel

Q: 1. Arden has the following information to evaluate: his current salary of $50,000 versus total…

A: Opportunity Cost is the cost of next best alternative. It is the cost of benefit forgone in favour…

Q: On June 30, 2021, the statement of financial position of Meycauyan Marketing, a partnership, is…

A: The partnership comes into existence when two or more persons agree to do the business together and…

Q: What is this question answer?

A: Net realizable value = Estimated Selling Price -  Cost of Completion and Disposal where, Cost of…

Q: Exercise - ABC Inc. provided the following information: Cost per Period Unit Cost $ 5.00 $3.00 $1.50…

A: Manufacturing Overhead Cost All the cost of indirect nature being spent by a company in the…

Q: Which of the following equations is equal to the intrinsic value of a 14 % coupon rate 3 years…

A: Coupon Rate = 14% Years= 3 Intrinsic Value of Bond = PVAF( Interest rate,3) * 140  + Face Value…

Q: Flynn Company reported a net loss of $30,000 for the year ended December 31, 2011. During the year,…

A: Statement of cash flows:   It is one of the financial statement that shows the cash and cash…

Q: One of Hope's coworkers quits, and during the next pay period, Hope works 60 hours instead of 40 to…

A: An earnings statement can be referred to as the payment slip or financial record of the payment…

Q: The admission of a new partner under the bonus method will result in A) Bonus to old partners only…

A: SOLUTION- PARTNERSHIP   IS THE ARRANGEMENT BETWEEN TWO OR MORE PEOPLE TO OVERSEE BUSINESS OPERATIONS…

Q: A partnership agreement most likely will stipulate that assets be reappraised when A That…

A: solution concept The asset and liabilities of the partnership firm are generally restated or say…

Q: 6) Milestone Inc. Distributes 55% of its profits and uses the rest in the operations of the firm.…

A: Dividend Payout Ratio = 55% Retention Ratio = 1-Dividend Payout Ratio = 1-55% = 45% ROE = 22%…

Q: 3. Partners Badecir and Magallanes each have a P300,000 capital balance and share profits and losses…

A: A partnership is an arrangement between two or more people to look over the business operations and…

Q: source of payment to Partner

A: Option A is wrong because partners' assets are the personal property of the partners and they are…

Q: 2. Roberta has the following information to evaluate: her current salary of $75,000 versus total…

A: Revenue = $ 130,000 Expenses = $ 80,000

Q: 4. Mactal, Macadang and Pangan a partners with capital balances of P350,000, P250,000 and P350,00…

A: solution given Profit sharing ratio   Mactal 30% Macadang 20% Pangan 50%…

Q: How is materiality concept applied?

A: Accounting principles:

Q: 2. An investor purchased a 4 year maturity 13 % coupon bond at 960 t and sold it for 1100 t 2 years…

A: Yield to the investor is the interest earned on the bond and the price e gets after selling the…

Q: Aš of De -ti tnershi

A: AMURAO ZULUETA    ESTOQUE Capital balances  40,000   5,000     25,000…

Q: If a bonus is traceable to the old partners rather than to a new partner, it is allocated among the…

A: If a Bonus is traceable to the old partners rather than to a new partner, than such an bonus will be…

Q: * The Nar Company Sald Uarinbe 100,000 uts of itsproducts at P0 per unit cenit are incurred 792 0dD…

A: Since we answer three sub-parts, we will answer the first three subparts. Please resubmit the…

Q: what is materiality?

A: Materiality is an accounting concept that signifies the importance of an item to users of financial…

Q: 1. Partners Badecir and Magallanes each have a P300,000 capital balance and share profits and losses…

A: Partnership: It is often defined as a form of trade where two or more people starts a business to…

Q: 2. Compute the intrinsic value of a 16 % coupon, 3 year maturity bond whose face value (1000Ł) will…

A: Bond is a debt instrument issued by companies and government. It is a fixed income instrument which…

Q: Total partner's equity will not change when a withdrawing partner A Withdraws assets equal to his…

A: ANSWER   Total partner's equity will not change when a withdrawing partner A Withdraws assets equal…

Q: Nevis Corporation manufactures and sells a single product. In preparing the budget for the first…

A: The budgets are prepared to estimate the requirements for the future period including sales budget,…

Q: 4. Find the value of a coupon 4 year maturity bond, whose face value will be paid in equal…

A: In this question one has to find the future value of the coupon of a bond. also face value is not…

Q: Which of the following results in the dissolution of a partnership? The withdrawal of a partner of…

A:

Q: The assets and equities of the Perdales, Ceballus and Bandonell partnership at the end of its fiscal…

A: SOLUTION-   EXPLANATION- PERDALES (7500 *30%) 2250 CERBALLUES (7500 * 50%) 3750 BANDONELL…