a. Is the growing of plants to be used in the production of drugs an activity within the scope of IAS 41?        b.Does the development of living organisms such as cultures, cells, bacteria and viruses represent agricultural activity?  c. Is the land related to agricultural activity a biological asset in terms of IAS 41? NB: This question consist of question A-C, please to answer seperayely

Q: Which of the following is not true in regard to selling fixed assets? a.If the selling price is more…

A: The journal entry for sale of fixed asset Cash A/C dr (sale amount) Loss on sale (if bookvalue >…

Q: Presented below is selected data from the financial statements of Trend, Inc. for the current and…

A: For the year 20x1 Current ratio  Current assets / Current Liabilities $220,000 / $180,000 1.22 times…

Q: Prepare the general journal entries required to record each of the following transactions.  The…

A: Journal entries represent the record of a business entity’s day-to-day business transactions in…

Q: A B 11.3 (LO 2), AP During its first year of operations, Mona Corporation had these transactions…

A: The journal entries are prepared to record day to day transactions on regular basis.

Q: A home video entertainment set is offered for sale for $18,000 down payment and $1,800 every three…

A: GIVEN   A home video entertainment set is offered for sale for $18,000 down payment and $1,800 every…

Q: You were assigned to audit the borrowings of your client, Benedict Company, as of and for the year…

A:

Q: Given the following: FIFO method: 16 units left in ending inventory. 1/1/2018 Beginning inventory 9…

A: Computation of number of units sold. Opening stock purchases - ending inventory 9 + 14 + 20 + 14 -16…

Q: Midway through the year, all the male athletes move into a fraternity and drop out of the study.…

A: The answer has been mentioned below.

Q: The carrying amount of 10% note issued to Supreme Inc. as of December 31, 2022.

A: As per our protocol we provide solution to the one question only but as you have asked multiple…

Q: SHOW YOUR SOLUTION IN GOOD ACCOUNTING FORM. THANK YOU. What amount should be recorded as…

A: Depreciation is the allocation of cost of asset over the useful life of the asset. There are several…

Q: Ramsay Company established a branch in Pasig on March 1, 2022. Shipments of merchandise at billed…

A: The cost of goods sold to be reported by the branch for March is P460,750.

Q: Use the following information to calculate Honest Tea, Inc.'s Cost of Goods Sold for the year. Note:…

A: Cost of goods sold (COGS) : Cost of goods sold shows the expenses incurred for producing a product.…

Q: Question 4 Good cost planning requires a basic understanding of how organizations account for…

A: Answer:- 4 Characterization of cost components:-  1. Materials:- The cost of the materials needed to…

Q: The following selected transactions relate to liabilities of Fairfox Inc., for portions of 2021.…

A: Journal Entries

Q: 33. Jessica Pearson Inc. is a wholesaler of office supplies. The activity for Model V calculators…

A: Inventory valuation is based on the flow of exemption used by the company. There are many methods…

Q: Leafon Corporation has two production departments, Casting and Customizing. The company uses a…

A: Overhead applied equals the predetermined overhead rate multiplied by actual activity

Q: Question 1 Last year, GNI in a country was $250 billion. Producing this output led to $20 billion in…

A: In the context of the given question, we compute the sustainable net national income.    The…

Q: Which of the following is not an example of closing costs? O title insurance O points O prepaid…

A: Closing costs refers to the expenses and fees paid by the buyers and sellers of a real estate…

Q: Given the above information in Q1, Shannon’s wants to increase its sales to retailers by 20% in the…

A: GIVEN     Given the above information in Q1, Shannon’s wants to increase its sales to retailers by…

Q: Use the present value tables to calculate the issue price and make the journal entry of a…

A:

Q: The accounts and balances shown below were taken from Unique Low Company's trial balance on December…

A: A Balance sheet is an important part of any organisation as it shows the the company's true face in…

Q: r the year ended December 31, 2 mber 31, 2021 are presented bel

A: Income statement and balance sheet are two important financial statements which are prepared for the…

Q: x invoic

A: A tax invoice is a statement issued for the delivery of taxable goods and services. A tax invoice…

Q: Nathan Products' equity includes 10.8 %, $100 par preferred stock. There are 100,000 shares…

A: Working Note: Quarterly Dividend to Preferred shareholders = No. of preferred share outstanding x…

Q: Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first…

A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…

Q: A study on the effect of paternal involvement on academic performance. Descriptive research…

A: in question that have been different research provided among which one research applied to the given…

Q: On January 1, 2021, Ocean Corporation issued 3,000 of its 5-year, P1,000 face value, 11% bonds dated…

A:

Q: When the company uses the ageing of receivables in providing allowance for bad debts, and the…

A: There are 2 methods for estimating bad debt expense: Percentage of sales method Percentage of…

Q: compensation management, if an company is unable to raise your salary, and they are trying to make…

A: labour are considered as an important factor of the production if the employee will leave the…

Q: A purchase invoice shows 10 items priced at $120 less trade discount 20%. A cash discount of 2%2% is…

A: Formula: Amount paid = Invoice amount - Discount amount

Q: Question Owing to perennial complaints by students about the lack of accommodation problems on…

A: Net Present Value- Net present value (NPV) is a tool that helps calculate the current value of…

Q: Complete the following table by providing the missing information:  Transaction:   Possible source…

A: Petty cash is referred to as that minimal sum of money that any business should maintain to make…

Q: 6 Power Manufacturing recorded operating data for its shoe division for the year. Sales Contribution…

A: Note: As per our guidelines, only the first question should be answered.   6. Controllable margin =…

Q: 4. The total share premium (additional paid in capital) is 5. The total shareholders' equity is

A: The following account balances related to shareholders' equity of Torrents Company for the year…

Q: Fall Her from high school in 2021 and enrolls in college in the

A: AOTC is the tax credit to help pay for educational expenses paid for the…

Q: The following ratios gauge a bank’s leverage EXCEPT*     Bills Payable to Capital Accounts Capital…

A: Leverage ratio assess the ability of the company (here Bank) to meet its financial obligation. The…

Q: If a bank is in a 'state of continuing inability or unwillingness to maintain a condition of…

A: Liquidity is the risk to a bank's earnings and capital arising from its inability to timely meet…

Q: Problem 14-57 (Algo) Compare Historical, Net Book Value to Gross Book Value, Residual Income (LO 14-…

A: Residual income is the amount left after paying of cost of capital out of the operating profit.

Q: Planet of the Crepes, Inc. is preparing its master budget for its first month of business. It…

A: Budgeted sales revenue i8s calculated by multiplying the Budgeted no. of units sold with the  sales…

Q: Company contains (2) production centers (A, B), and (2) services centers (Maintenance and Fuel), and…

A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…

Q: 1. SaKanya Company provided the following information on December 31, 2020: Cash in Bank (net of…

A: Current liabilities are those liabilities which are being settled or paid in short period of time,…

Q: No agreement concerning division of net income (equally); (b) Divided in the ratio of original…

A: Introduction:- A partnership is s an arrangement between two or more 'partners' carrying out a…

Q: how much do the contest sponsors have to deposit in the escrow account? (Round your answer to the…

A: $6,231,105 amount do the contest sponsors have to deposit in the escrow account.

Q: Instructions On the first day of the fiscal year, a company issues a $2,750,000, 8%, five-year bond…

A: Bonds payable is one of the liability of the business, on which regular interest payments needs to…

Q: Ngo Company purchased a truck for $54,000. Sales tax amounted to $5,400; shipping costs amounted to…

A: Introduction: Expenditure are of two types: 1 ) Capital Expenditure 2 ) Revenue Expenditure

Q: James is taking courses during the first half of Summer Semester at Ohio University, and he needs a…

A: The UCC stands for "Uniform Commercial Code" which  is "a comprehensive set of laws governing all…

Q: What is ESG reporting and why does it matter?

A: Transparency on ecological and socially responsible actions is becoming more popular. Environmental,…

Q: Identify any two potential drawbacks that purchasing manager could face given their choice of…

A: The sourcing process encompasses all activities centered on identifying and evaluating possible…

Q: Sell at Split-Off or Process Further Decision, Alternatives, Relevant Costs Betram Chemicals Company…

A: Answer -    Part 1 -    Process it further by $3360 Particular Sell at Split-off…

Q: January 01 Retained earnings is $ 58980 Net income is $ 56500, dividends declared and paid is $…

A: Introduction: Retained Earnings: Retained Earnings are shareholder funds. Retained earnings are part…