A local Barnes and Noble paid a $79.88 net price for each hardbound atlas. The publisher of publisher's list price? (Round your answer to the nearest cent.) List nrico

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A: The order of liquidity of Asset is: Cash Bank Marketable Securities Short term Investment Account R...

Q: Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who ...

A: A cost allocated to produce a product or service is called Overhead rate. Overhead costs are the ind...

Q: 3. If you decided to take the $250,000 cash payment today, but saved that in your bank a at 3%, how ...

A: solution Note : As per the Q&A guideline we are required to answer the first question only . Ple...

Q: Instructions: Determine the participation of the partners in the profit of P1,000,000 if profit is d...

A: Solution Given Capital balances of : Bong 350000 Bueno 250000 Bunny 200000 Tot...

Q: Prepare a cash flow statement for the year ended 30 June 2020. In preparing the report for the cash ...

A: Cash flow statement is the statement which is prepared by the company at the end of period in order ...

Q: Determine the total manufacturing cost and cost per unit for each of the two product lines for the q...

A: Overhead cost allocation: It is the process of allocating the estimated overhead of a company to its...

Q: In a defined-benefit plan, the process of funding refers to determining the projected benefit obli...

A: Pension plan refers to the plans or scheme sponsored by the employers for the retirement benefits of...

Q: 15. Headland Corporation was formed 5 years ago through a public subscription of common stock. Dani...

A: Solution:- 1)Calculation of current ratio as follows under:- Current ratio =Current assets / Current...

Q: а. Record the appropriate journal entry on December 31, 20X1. b. Where on the financial statements a...

A: Mark to market accounting is made to ensure that the financial statement consists of true amounts. T...

Q: The Marin Company issued $240,000 of 13% bonds on January 1, 2020. The bonds are due January 1, 2025...

A: The price of a bond is the present value of its cash flows. For a coupon bond, the cash flows are th...

Q: 2. For the year ended Dec. 31, 2020, Taehyung Company paid interest totaling P prepaid interest expe...

A: Answer: Given is the interest paid for year ended 2020 and some adjustments of prepaid expenses. Sol...

Q: Problem 5. Operating Lease- Lessor On January 1, 2 0x1, Lessor entered into operating lease. an Info...

A: Security deposit shall not be treated as income  Additional rent = 10% x (1100000 -1000000)         ...

Q: A new notebook in basic color cost $50 each, and Linda combined with her design selling for $100 eac...

A: Basic color cost for the year = 200 x 12 x 50 = 120000 Material cost = 200 x 10 x 12 = 24000 Adverti...

Q: Principles

A: Answer: Accounting is the subject that is more concerned with the treatment of the numbers so that i...

Q: Using a flexible budgeting approach how do I prepare a performance report for the current department...

A: Flexible Budget in Manufacturing overhead Using the flexible budget in the manufacturing overhead to...

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A: >Accounts are shown as Revenue, Expense, Assets, Liabilities or Equity account based on their nat...

Q: Perfect Cover Insurance Brokers is doing well with Assets - 262,000 Liabilities - 119,000 Equity – (...

A: Partnership is one of the form of business organisation, under which two or more than two partners j...

Q: ethod to use or are there other determinants that are more important in your opinion? Provide detail...

A: FIFO stands for first in first out. It values the inventory on the basis of first costs. The goods t...

Q: The following amortization and interest schedule reflects the issuance of 10-year bonds by Cullumber...

A: Bonds Payable - Bonds is an promissory notes that the issuer paid along with interest on maturity.

Q: Shear Co.'s Year 1 financial statements included profit from an installment sale of $2,600 that was ...

A: Answer -  “Deferred Tax Expense” is created due to the difference in the timing of book profit and t...

Q: ou are a merchandising company.  Please make a random list of accounts with their balances that you ...

A: Merchandising company is that company which deals in purchase and sale of merchandise and this type ...

Q: Selected transactions for Marigold, an interior decorator corporation, in its first month of busines...

A: Increase in assets should be debited and decrease in assets should be credited. Increase in liabilit...

Q: PROBLEM IV. On January 2, 2019, Klaus Company (qualified as SME) acquired 80% interest in Marcel Com...

A: SOLUTION- WORKING NOTE - 4125000 / 0.8=5156250 1312000 + 3187500 +210000+127500=4837000. ESTIMATED F...

Q: Question 2 Kimono Bhd purchased a piece of land and a building near the Menara Kuala Lumpur for RM20...

A: 1. Computation of initial valuation of each asset Kimono Bhd.   Particular RM Land and Building...

Q: Emily, who is single, has been offered a position as a city landscape consultant. The position pays ...

A: Solution:- Given, Emily Receives a job offer = $1,20,000 Non-taxable benefits = $5,000 As per 2021 T...

Q: Part A Anne York is a sole trader who started the business of buying and selling furniture in Brig...

A: Disclaimer:- “Since you have asked multiple question having multiple sub-parts we will solve the fir...

Q: 1 contiune Listed below are items that are commonly accounted for differently for financial reporti...

A: Sometimes there is some difference in taxable income and accounting income. They will result into te...

Q: esearch articles that deal with the benefits which might be derived from the Statement of Cash Flows...

A: In accounting cash flow statement is that financial statement that shows different soucres of cash c...

Q: Supernova Company had the following summarized balance sheet on December 31 of the current year: As...

A: The technique of recording commercial transactions for first time in the books of accounts is known ...

Q: Use the high-low method to estimate the fixed and variable portions of store costs based on revenues...

A: High-Low method is the method which is used by the company in order to know and calculate the fixed ...

Q: YSL Corporation, SME, acquired 80% of the outstanding ordinary shares of GBX Company on June 1, 2019...

A: Non-controlling interest is the part of net assets and ownership that is not in the hands of parents...

Q: Studying AIS helps students understand business processes from an accounting perspective. Which of t...

A: AIS Accounting information systems involves collection, storage and processing of finance and accoun...

Q: 1. At year-end, Barr Company had shipped $12,500 of merchandise FOB destination to Lee Company. Whic...

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

Q: The capital structure of Red Ribbon Corporation on December 31,2019 follows: 12% Preference share ca...

A: Introduction:- Preference shares, also known as preferred stock, are shares of a corporation's stock...

Q: Walton Manufacturing started in Year 2 with the following account balances.     Cash $ 5,800   Com...

A: Income statement: It is the statement showing the income earned and expenses incurred during the per...

Q: Which of the following is false regarding debt? Debt holders have no active voice in management of t...

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

Q: junior banker's salary at Pans bakery has increased to $110,000 per year. This is an example of the:...

A: The level of management help in measurement .There are qualitative and quantitative  analysis. Ordin...

Q: An accrued expense can best be described as an amount Paid and currently matched with earnings Pai...

A: Solution Concept Accrued expense Accrued expense means the expense that has already been incurred bu...

Q: Give me one example of Earnings Management. Please help me !!!

A: Earnings management refers to a company technique of deliberately use of accounting techniques to pr...

Q: How to identify and monitor the IT control in the course of an audit engagements?

A: Answer: IT system when implemented should regulate proper access controls so that the system has str...

Q: After posting is completed in the accounts receivable ledger and the g ledger, the total of the acco...

A: Solution: Accounts receivable ledgers are subsidiary ledgers where all credit sales with respective ...

Q: 13. Merchandise is sold on account for P90, and the sale is subject to sales tax of P5.40. The sales...

A: Since you have asked multiple questions, we will solve one question for you. If you want any specifi...

Q: What is the carrying value of Land after the recognition of the impairment loss?

A:

Q: Sunland Company has the following two temporary differences between its income tax expense and incom...

A: Income tax expense is the amount of income tax incurred during a period. It is paid to the taxation ...

Q: XYZ Company prepares monthly interim financial statements. The company needs to estimate the month-e...

A:

Q: On February 2, 10X1, Solo Company purchased 900 shares of Red Corp. Red Corp has a total of 6,000 sh...

A: Purchase price = 900x 32 =28800 brokerage =2% x 28800= 576 losson ssle of shares =(28x100)-(32x100) ...

Q: Bertrand Incorporated purchased some shop equipment for $4,500 in cash. By mistake, the journal entr...

A: Correcting entries means a journal entries made to correct the error made in the previous journal en...

Q: Westinghouse Company manufactures major appliances. Because of growing interest in its product, it h...

A: >Mixed Cost is a cost that has the features of BOTH - Variable cost as well as Fixed Cost. &g...

Q: 5. What is the role of IT auditor in the Strategic Planning, Project Management and Software Acquisi...

A: An auditor may be a person authorized to review and verify the accuracy of monetary records and make...

Q: A pension asset is reported when

A: Answer: Pension asset is defined as the asset that is created due to pension plan for purpose of pen...