What is the impact on profit for the year if income overstated? a. no effect b. profit will be overstated c. cannot be determined due to insufficient information d. profit will be understated

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A: % of variation in cost is not explained by production=(1-R square)×100

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A: The answer is shown below:

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Q: An Individual nold the folowing annnta thin year. Sala price Cost Solling cont Painting. .$2,000 $ 3...

A: Answer Capital gain:- Profit realised on the sale of long-term asset that has increase in value dur...

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A: appropriate letter indicate with the nature are as follows.

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A:

Q: xplain the main principles of Direct costing

A: Solution Concept Direct costing                 This is a method of costing which is based on the di...

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A: Amortization refers to the concept of systematically and timely declining the principal amount of an...

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A: The question is based on the concept of Financial Accounting.

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Q: Required: a. Prepare journa

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Q: Exercise 6-13 (Algo) Depreciation calculation methods LO 3 Millco Inc., acquired a machine that cost...

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A: Following is the correct answer

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A:   Interest means the extra amount which we received because of investment made and will be paid in c...

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Q: 1. Relevant of differential cost analysis a takes all variable and fixed costs into account to analy...

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

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A: The correct answers for the above mentioned questions is given in the following steps for your refer...

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Q: What is the difference between D uration and Convexity of a bond?

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Q: Jan 2 Additional money was introduced by Dada in a form cash GH¢50,000.00 and cash at bank GHe70,00c...

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A: Journal is the primary book of entry which is used to record the transactions for preparing financia...

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A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

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A:

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A: Solution Concept The cost classification on the basis of behavior                 -variable cost    ...

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Q: At year-end (December 31), Chan Company estimates its bad debts as 0.50% of its annual credit sales ...

A: Estimated bad debt expense= $ 837000*0.50%=$4185

Q: preferred shares, both payable on 30 October 20X5, to shareholders of record on 10 October 20X5. (Re...

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Q: Net income for Mory Company for the years 2021 and 2022 is shown below. An audit of the accounts, ho...

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Q: USD565,000 and paid ordinary dividends of USD59,000. It also has 25,000 cumulative preference stocks...

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A: As posted multiple independent questions we are answering only first question kindly repost the unan...