1. Which of the following is not a financial instrument? a. accounts receivable b. accrued utilities payable c. cash d. advances to suppliers

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A: Variance analysis is primarily used by the managers for comparison of actual results with the…

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Q: Question 4 a) Auditors are regulated by professional bodies and should follow recognized auditing…

A: (Since you have posted multiple questions, we will solve the first question for you. For the…

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Q: Suka Tenis Group manufactured 100,000 tennis rackets in 2022 and reported the following costs: RM RM…

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Q: Melisandre Merchandising sold merchandise on credit to Ellaria, terms 2/10, r/45, $25,000, on April…

A:

Q: On January 1, 2020, Leo paid $15,000 for 5 percent of the stock in BLS, an S corporation. In…

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A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

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A: Treasury stock are the shares bought back (reacquired) by the issuing company. The working is shown…

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A: Introduction: Net pay: Deduction of Federal income tax withholding and FICA from Gross earnings…

Q: 1. Create and Income Statement with schedules for BLAZING ENTERPRISES for the Year Ended December…

A: Income statement particulars shows all incomes and expenses of the business along with net income or…

Q: A corporation has a taxable income of $2,151,138. At this income level, the federal income rate is…

A: A corporation a taxpayer who get their deduction of state tax and local tax on their federal income…

Q: The balance on the receivables ledger control account of Robin & Co on 30 September amounted to…

A: A control account is a general ledger account that shows the total value of the subsidiary ledger.…

Q: The bank statement for Farmer Co. indicates a balance of $7,735 on June 30. After the journals for…

A: A bank reconciliation analysis compares the cash position on a balance sheet of a company to a…

Q: Using the theory of constraints, which of the following is the constraint at LuxSo? Wood supply

A: Theory of constraints is the theory which gives solution regarding how to improve the system which…

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Q: General General Requirement Trial Balance Income Statement St Owners Equity Balance Sheet Impact on…

A: JOURNAL ENTRIES IN THE BOOKS OF MILK SWEET LMT ON MARCH

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A: IFRS refers to International Financial Reporting standards which are the globally accepted…

Q: Below are individual unrelated transactions from X-call inc Racord each transaction in the General…

A: The journal entries are prepared to keep the record of day to day transactions of the business. The…

Q: Consider the following data: Activity Budgeted OH Materials Handling P 10,000 Setup Costs P 20,000…

A: Activity based costing system is a method of assigning overhead and indirect costs. Activity based…

Q: IFRS11-1 On May 10, Romano Corporation issues 1,000 shares of $10 par value ordinary shares for cash…

A: The shares issued at higher price than par value of shares are said to be issued at premium.

Q: Dance School reports the following information

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Q: Nick steals two checks from Pauline-a blank check and a check payable to the order of Retail Outlets…

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Q: Q.1 Company offered 10,000 ordinary shares of Rs. 10 at Rs. 12. Company received 8,000 shares…

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals also…

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A: The control weakness are the weakness when they are failure of internal control to prevent detect…

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A: Contribution margin per unit = Selling price per unit  - Variable Cost per unit

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

Q: An item has a 29% markup based on selling price. The markup is $400. a. Find the selling price. b.…

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Q: QUESTION 3 Income statement for the year ended 31 December 2021 and the balance sheet as at 31…

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A: Business activities in every country are governed by certain Business laws that have direct…

Q: The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of…

A: Rate of depreciation under declining balance method = 1useful life ×100 = 15×100 = 20% Sum of useful…

Q: Place the auditor's activities to assess control risk in the proper order: Group of answer choices…

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Q: 6 Remington purchased $5,800 of supplies from Technology Associates on account. 10 Remington paid…

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

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A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

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A: Journal entries show the recording of transactions during an accounting year and every transaction…

Q: Exercise 16-36 (Algo) Variable Cost Variances (LO 16-5) Paynesville Corporation manufactures and…

A: - 1 Standard data is calculated by considering budgeted data and using actual data. 2…

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A: A par stock is a stock that has a par value which determines the minimum capital amount. A no-par…