What was the main basic for doing accounting?
Q: Equipment that cost 412000 and on which 191000 of accumulated depreciation has been recorded was…
A: Banks play an active role in the capital market. Banks are active participants in the financial…
Q: Sales (8,400 units) $ 764,400 Variable expenses 445, 200 Contribution margin 319, 200 Fixed expenses…
A: Contribution margin per unit = Total contribution/Number of units sold
Q: Calculate the Direct expenses and factory cost from the following information: Direct Labor RO…
A: Solution Concept While preparing cost sheet statement prime cost and factory cost shall be shown…
Q: discuss the identification and accounting treatments of adjusting and non-adjusting events
A: International Accounting Standard (IAS) 10, Events after the Reporting Period, prescribes the…
Q: View Policies Current Attempt in Progress During 2017, Teal Furniture Company purchases a carload of…
A: Gross profit is calculated by deducting the cost of goods sold from sales. It is a profit before…
Q: Sheffield Company has unit costs of $6 for direct materials and $15 for conversion costs. There are…
A: Work in the process is a part of process costing. It contains material cost and cost of conversion.…
Q: Question 13 Which of the following alternatives represents the correct amount that must be disclosed…
A: Cash Flow Statement is the summary of Cash Receipts and Cash Payments for the period. There are…
Q: The profit made by a business in 20X2 was $35,400. The proprietor injected new capital of $10,200…
A: Information Given: Net assets/Ending proprietor's capital = $95,100 Profit for the year = $35,400…
Q: September with a customer. was uncompieted ember 2017. This is a performance obligation satisfied…
A: The term income statement (P & L) refers to financial statements that summarize income,…
Q: Alternative A Alternative B Capital Investment Annual Expenses $20,000 $38,000 5,500 4,000 Market…
A: Annual worth(AW) method is mostly used to compare different alternatives available. AW is the net…
Q: as: ucas Company recorded the following events for the year just ended: Retirement of preferred…
A: Cash flow statement : This is the statement which measures flow cash in an organization from three…
Q: 8- Which among the following is a tool of management accounting? a. Risk analysis b. All the…
A: Management accounting refers to the managing of the operations of the business. It is basically…
Q: X corporation, a corporation with P120,000,000 in total assets, reported the following for the year…
A: Given that, Total gross income = P500,000 Total taxable income = P300,000 Unrelated taxable income…
Q: Christian Company provided the current year: Sales Sales salaries Advertising
A: The gross profit is calculated as difference between sales and cost of goods sold. The net profit…
Q: The following information is available from the current period financial statements: Net income…
A: The amount of money generated by a corporation by continuous, regular commercial activity, such as…
Q: 3.Unadjusted Trial Balance
A: Answer:
Q: Hi how do you get 2.73554 can you elaborate it?
A: Solution: Present value of an annuity due is computed as = Annuity amount * PVAD of $1 at given…
Q: Ferkil Corporation manufacturers a single product that has a selling price of $100 per unit. Fixed…
A: Formula: Required sales units to earn a target profit = ( Fixed cost + target profit ) / Unit…
Q: pls solve this ques needed urgently with the proper explanation will give you many upvotes
A: Here discuss about the details of the capital gain taxes which are applicable in the different…
Q: University Printers has two service departments (Maintenance and Personnel) and two operating…
A: Cost refers to the amount of money incurred by the entity for running its daily operations.
Q: retained earning
A: Retained earnings are posted under the head shareholders' equity on the balance sheet of the…
Q: Camille Company has underapplied overhead of P45,000 for the year ended Pefore dispositiop,of the…
A: Cost of goods sold refers the total direct cost which is related with the production cost incurred…
Q: Watson Company manufactures a product with a standard direct labor cost of three hours at $20.00 per…
A: The variance is the difference between the actual data and standard output of the production.
Q: Using the following categories, discuss the differences that exist between accounting for these…
A: Accounting is the process of defining, assessing, and reporting transactions to oversight…
Q: The account of ABC Corp. prepared a statement of affairs. Total assets which there are no claims or…
A: The answer is stated below:
Q: AA and BB are partners engaged in a manufacturing business. Transactions affecting the partners’…
A: A partnership capital account is a distinct account that shows the equity in a partnership that is…
Q: 8, paid cash dividends of $150,000 during 2018, 18. Ziegler Corporation should report revenue fro-
A: Ziegler holds 25000 shares of common stock of Sherman Corporation . Sherman Co has total 100,000…
Q: At January 1, 2021, Canaday Corporation had outstanding the following securities: 720 million common…
A: In order to determine the Earning per share, the total earning available to the equity shareholder's…
Q: process, with a cost of Kshs 9,000.Direct labour cost for the month was Kshs.3,840.Production…
A: Process Costing : Process costing is the costing method which is been used to determined cost…
Q: Salim, Osama and Javid are partners. They share profits and losses in the ratio of 2/5, 2/5 and 1/5…
A: The profit and loss appropriation account is a subset of the profit and loss account. This statement…
Q: 3. A discounted loan of $3,000 at a simple discount rate of 6.5% is offered to Mr. Jones. If the…
A: Solution Concept Simple interest rate is the rate that does not have the effect of compounding To…
Q: Kelly K. inc enters a lease agreement for a piece of equipment with a fair value of $45,000 under a…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: THEORY A - Canine Parks Canine Parks, Inc. operates several dog kennels throughout the country. Most…
A: Ethics refers to the following of particular rules as well as guidelines set through the governing…
Q: amount of compensation
A: Stock appreciation rights (SARs) are a device used by companies for compensating their employee.…
Q: Using FIFO, compute for the total cost transferred to finished goods if the losses were discovered…
A: Process Costing: The equivalent units would be computed under the FIFO method for the Assembly…
Q: Prepare a multi-year budget for a project for a period of 3 years (2020-2022) in an Excel worksheet…
A: A project Budget is the estimation of all the costs and revenue to be incurred and generated…
Q: Answer questions number 1, 2 and 3 correctly. 1. Explain the treatment of share issuance costs. 2.…
A: Solution Concept Shareholders are the owners of the company They have the residual interest in the…
Q: On December 31, 2022, Day Company leased a new machine from Parr with the following pertinen…
A: Lease liability is the obligation of the person who has taken an asset on lease.
Q: Nicholas Technologies operates two divisions Hardware Services and Software Services. During the ce…
A: The income statement represents the net income or net loss that is calculated by deducting the…
Q: The statement of financial position for the partnership of AA, BB and CC who share profits in the…
A: Calculation of Total Loss/Deficit on Liquidation and Amount Paid to Partners: Particulars…
Q: On January 2, 2018 Pearl corporation purchased 10%, $1.500 000 bonds of Gold Company to yield 11%.…
A: Here asked for multi sub part question we will solve for first three sub part question for you. If…
Q: What formula is used to compute the amount of the cash interest payment on Bonds Payable? Multiple…
A: Bonds means an instrument issued by company acknowledging the debt due from company to bond holder.…
Q: On January 01, 2020, Sisig Corp. acquired an investment property, and the initial cost of the…
A: The investment property refers to the investment that is either used for capital appreciation or for…
Q: d. P 30,000 22.If the step method of allocation is used, how much would be allocated from…
A: The cost can be allocated to various departments using various methods as direct method, step down…
Q: The trial balance before adjustment of Ehrlich Company reports the following balances:…
A: The allowance for doubtful accounts is created to record estimated bad debt expense for the period.…
Q: HZ Company had outstanding 2,000 shares of P100 par value 8% cumulative preference share and 30,000…
A: Dividend is distribution of cash or stock paid out to the shareholders out of stock. The working is…
Q: You manage a real estate investment company. One year ago, the company purchased 10 parcels of land…
A: calculation of above requirement with all necessary working are as follows
Q: Question 5 of 10 Khalid invested $9500 in a savings account with a yearly interest rate of 3% for 8…
A: Lets understand the basics. Simple interest is a interest earned over a single amount of investment.…
Q: Is there a way you can provide an example for number 3?
A: Break-even level is computed by the company at which company has sufficient amount of revenue…
Q: 2. A man invested P10,000 in 2 years earning an interest of P1,600. What was the interest rate…
A: Simple interest is the interest charged on the amount of investment using a flat rate.
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