10. HealthSouth fraudulent journal entries suggests that Benford-based sampling would be effective where the numbet of fraudulent journal entries is relatively compared to the population count. a. low b. high c. stable d. statistical hypothesis

Q: In 2020, Caroline Company issued for P105 per share, 8,000 shares of P100 par value convertible pref...

A: Number of ordinary shares to be issued on conversion = 8,000 x 3 = 24,000 shares 

Q: The following information is available for Splish Brothers Inc. for the year ended December 31, 2017...

A: Gross profit = Sales revenue - Cost of goods sold Net Income = Income from continuing operations - L...

Q: True or False Pls indicate if the statements are true or false. 1. The parent company will always ...

A:   Ans : False When Parent company is accounting for ownership in subsidiary  Initial entry is passed...

Q: asneet Corporation’s comparative balance sheet for current assets and liabilities was as follows:  ...

A: Solution: Adjusting net income for changes in operating assets and liabilities gives the Net cash fl...

Q: The covenants and other terms of the agreement between the issuer of bonds and the lender are set fo...

A: A bond covenant is a legally binding term of agreement between a bond issuer and a bondholder. It in...

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A: If any segment qualifies any of following limit , then such segment is called reportable segment : ...

Q: Use the following income to answer all questions in this section: Music, Inc. had the following beg...

A: Cost of goods manufactured = Beginning WIP + Total manufacturing costs - Ending WIP Cost of goods so...

Q: Cedar City Public Transportation is considering adding a new bus route. To do so, the entity would b...

A: Profitability index is the ratio of present value of cash flow to the initial investment of the proj...

Q: Which of the following transactions is correctly matched with its location on the statement of cash ...

A: Cash flow statement provided information about the cash inflows and cash outflows of the company. Ca...

Q: A taxpayer engaged in service business provides you with the following: Description 2019 2020 Collec...

A: accrual method is a method of accounting in which accounting transactions are recorded according to ...

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Q: A mortgage is a security interest in a debtor's real property. True False

A: Solution Concept Mortgage                 When someone needs to borrow a sum from any person or fina...

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A: Solution Concept         Under the effective interest method , the bond is recognized using the pres...

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A: Total direct material to be purchased = Total pounds to be purchased * Unit Price Total pounds to be...

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A: An auditor is a person with the authority to examine and verify financial documents for authenticity...

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A: 1.    Grain needed in a year =   1/4 lb x 40000 hens x 365 =3650000lb = 1825 tons   2. Cost of grain...

Q: how are the origination fees borne by the borrower accounted for in relation to the initial measurem...

A: External financing is the outsourcing of funds and refers to investment or financing provided by peo...

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A:   There were two types of accounting methods were followed 1. Cash basis accountig method 2. Accrual...

Q: 4. What amount of money invested today at 10% interest can provide the following scholarships: P 30,...

A:

Q: Ken Allen, capital budgeting analyst for Bally Gears, Inc., has been asked to evaluate a proposal. T...

A: In order to determine the net benefit, the marginal costs are required to be subtracted from the mar...

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A: Working capital = Total current assets - Total current liabilities Shareholders equity = Total asset...

Q: Salary of employee [ Choose] Payment/Fee of tax [ Choose ] consultant service for assisting in tax d...

A: As per our protocol we provide solution to one question only or up to three sub-parts only but you h...

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

Q: he general journal

A: The profits of the firm at the end of the accounting year are transferred to the retained earnings. 

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

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A: Direct Material price variance = (Actual price per pound - Standard price per pound)*Actual quantity...

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A: Inventory to be reported in the Statement of financial position = Lower of cost and Net realizable v...

Q: Required: Prepared the consolidated statement of financial position for the Pee group at 31 December...

A: Computation of Net Assets of Cee as on 31 December 2018 Particulars Amount Share Capital      20...

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A: Closing capital = Opening capital + Additional capital + Profit  - Drawings - Losses

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A: Net Income = Total Revenue - Total expense Retained earnings , ending balance = Retained earnings , ...

Q: How does collection policy influence sales and the bad debt expenses

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

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A: Billed a customer means that the invoice is issued to a customer for completion of work.  We are giv...

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A: Solution Concept Discount term 3/10 net 30 means that if the payment is made within 10 days of invoi...

Q: Please see the picture below. I need help making a retained earnings statement, a balance sheet, a c...

A: Profit margin = Net Income / Sale x 100 Gross margin = Gross Profit / Sales x100

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A: Answer: The gross income is the income which is subject to tax before any deductions.

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A: Solution Depreciation is a non cash business expenses that is allocated and calculated over the peri...

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A: The first question pertains to shares sold on subscription basis. Subscription shares give the subsc...

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A: Total manufacturing cost is calculated as total costs incurred in manufacturing the product. Total m...

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A: Markdown = Sales price - Price after marked down to sell Rate of Markdown = Markdown /  Sales price

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A: Solution A journal is a company's official book in which all business transaction are recorded in ch...

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A: Average Cost Method: The average cost technique gives a cost to inventory items based on the overall...

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A: Property Dividend Property dividend which was declared on the basis of the fair value of the assets ...

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A:

Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.