What were the prevailing situations when the account took place? Santiago Alvarez

Q: What are the responsibilities of an originator?

A: The originator's responsibilities are: Originator communicates with all borrowers of mortgage loans…

Q: could you please help with attached question?

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: When is nonfinancial information relevant?

A: Non-Financial information: Non- Financial decisions are qualitative in nature and do not include…

Q: What does MYOB use the Historical Balancing account for?

A: MYOB: It is often defined as an international accounting software that is used by the businesses for…

Q: How would the T Account look?

A: T account is the account which is made by the company for each account in which all the transactions…

Q: The following are the statements of financial position (balance sheet) of Prominent Sdn Bhd as at 30…

A: A cash flow statement is one of the important primary financial statements that is prepared in order…

Q: answers be itemized

A: There are situations when a company computes that if there is a change in the depreciation method…

Q: What is a statement of circumstances?

A: The external auditor is expected to lodge a statement of circumstances at the company's registered…

Q: What is deposits in transit?

A: Definition: Bank reconciliation: Bank statement is prepared by the bank. The company maintains its…

Q: Can I be provided help with the following questions?

A: Details are provided below.Explanation:

Q: What is the importance of date of declaration, date of record, and date of payment?

A: Following are the importance of declaration date, record date and payment date in accordance with…

Q: What examples can be used for the client on the advantages of the accrual method?

A: Accrual basis accounting recognizes business revenue and matching expenses when they are…

Q: 10. Gamma University is considering making one, or possibly none, of the four mutually exclusive…

A: INCREMENTAL IRR is the rate of return where NPV of the project is zero.

Q: what is a validity check?

A:

Q: Supplies on hand at December 31, 2024 were $890. Prepare the necessary adjusting entry on December…

A: Adjustment entries in accounting refer to the entries made to adjust the accounts at the end of an…

Q: What are finanicial transactions?

A: Transaction process system: It is a transaction process system can be defined as a system which is…

Q: Decide if the following statements are true or false and select the correct answer: If a company is…

A: Allowance is made from the net income from the business. So any uncollectible accounts are then…

Q: what is the Credit for partial payment knowing that information?

A: Trade discount: Trade discount can be defined as the deduction provided by the manufacturer or the…

Q: could you please help with attached questions?

A: Hello since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: how did you come up with the values for entry S ?

A: Entry SCommon Stock (Young)$200,000Additional Paid-in Capital (Young)$60,000Retained Earnings,…