Bronzini enters into Fish partnership by contributing the following: Cash $15,600; Accounts Receivable $5,100; Equipment which cost $3,600 and has a fair market value of $2,725; and accounts recorded in their capital account? Multiple Choice $21,925 $23,425 $24,300 O $22,800

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A: As per the guidelines, only one question is allowed to be solved. Please resubmit the question…

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

Q: Unit VIII question 7

A: The variance is the difference between the standard production dat and actual production costs…

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A: Solution: July 1 inventory will be ending inventory of June month. Ending inventory of June month =…

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Q: On January 1 , 2021, Gray Co. issued its 10%, 4-year convertible debt instrument with a face amount…

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Q: Which of the following statements is correct in accordance with AASB 16 Leases? Group of answer…

A: The question is related to Accounting for Lease.

Q: ?Which one of the following is not correct regarding activity-based costing Activity-based costing…

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Q: Unit VI question 4

A: Lets understand the basics. Contribution margin is a sales less variable cost of the company.…

Q: ue added, several adjustments are made to after tax operating profit that

A: Economic value added = net operating profit after tax -(capital*WACC)

Q: On January 1, 2021, West Company acquired a tract of lana for P1,000,000. The entity paid P100,000…

A: Accrued interest on December 31,2021 = (P1000, 000 - P100000) ×10% = P90000

Q: (For items 1 and 2). Read and analyze the following transactions taken from the book of XYZ Services…

A: Journal entry - It refers to the process where the business transactions are recorded in the books…

Q: Key figures for Apple and Google follow. $ millions Cash and equivalents Accounts receivable, net…

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Q: You borrow money on a self liquidating installment loan (equal payments at the end of each year,…

A: Instalment Loan: Installation loans are a sort of agreement or contract in which a loan is provided…

Q: Briefly explain to your management team, four (4) benefits that can be derived from budgeting

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Q: 1. What amount should be reported as rent income for 2021? 2. On December 31, 2022, what amount…

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Q: A company produces two (2) products, “ore” and “tin”. The following sales forecast for both products…

A: A company produces two (2) products, “ore” and “tin”. The following sales forecast for both products…

Q: Georgia uses the high-low method of estimating costs. Georgia had total costs of $50,000 at its…

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Q: During the current year, merchandise is sold for $54,400 cash and for $81,400 on account. The cost…

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Q: On January 1, 20x1, Santa Co. acquired 10%, ₱1,000,000 bonds at 92. Commission paid to brokers…

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Q: Franco converted a building from personal to business use in May 2018 when the fair market value was…

A: Solution:- Given, Franco converted a building from personal to business use in May 2018  The fair…

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A:

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Q: Sam Ltd owns a piece of vacant land in Broadmeadows. A substantial number of factory owners…

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Q: Unit VIII question 1

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Q: Rebecca's Equestrian Supplies sells riding saddles. On July 1, 2008, Rebecca had 9 saddles in…

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Q: $125,000. The book values and fair values of except for buildings and equipment, which were worth…

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Q: On February 1, Windsor Company purchased 1,300 shares (2% 8whership) March 20, Windsor Company sold…

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

Q: Unit 1 question 14

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Q: Partners Ltd operates a car manufacturing plant. It has decided to purchase a 100 per cent interest…

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Q: On January 1, 2019, DEXTER Company sold equipment with a carrying amount of P4,800,000 in exchange…

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Q: thiy, how much should Marvin deposit on December 31, 2022 in order to achieve h

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Q: short-term differences in price purchased the following trading secu

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