cultural and behavioural expectations of studying for a degree in accounting and financial managment future implications
Q: As of December 31, 2015, the books of Ton Partnership showed capital balances of: TP40,000; O, P25,0...
A: Solution Partnership is an agreement between two or more peoples who agree to share business profit ...
Q: Preferred Stock (7%, $100 par noncumulative, 4,650 shares authorized) $279,000 Common Stock ($5 stat...
A: Date Account Titles and Explanation Debit Credit Feb'1 Cash $ 29,160 Common Stock ...
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A: Comment- Since we only answer up to 3 sub-parts of the First question, we’ll answer the first 3. Ple...
Q: Prepare all the necessary journal entries related to the machine from 30 June 2019 to 30 June 2021.
A: For the Period ending 30th June 2019, Particulars Dr/Cr Amount($) (1) Machinery Account Dr 2005...
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A: Tax implications is the implications which arises due to the fact of having the taxable income trans...
Q: Instructions Labels and Amount Descriptions Statement of Stockholders' Equity Final Question Instruc...
A: Common Stock Closing balance = Common stock opening balance + Common stock issued Retained earnings ...
Q: 2. Jones Corporation uses a first-in, first-out (FIFO) process cost system. Jones has the following ...
A: FIFO is a technique of valuing inventories wherein objects sold or to use are generally priced at th...
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A: Ratio analysis involves computing the ratios using the elements of financial statements in order to ...
Q: 4. Discount Note On December 31, 2020, your firm provided the services to the high-end clientele an...
A: In case of multiple question 1st question is solved and incase of question with multiple subpart 1st...
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A: Prime cost is the direct cost of the company related to material and labor. Manufacturing overhead i...
Q: A corporation's taxable income is taxed at the federal, state, and local levels. It is customary fo...
A: Solution Tax rate is the rate which specified the amount of income that has been paid as a tax.
Q: Fundamentals in Accountancy, Business and Management 1 Journalizing Entries INSTRUCTION: Journalize ...
A: Journals: Journal entries refer to the primary books of accounts in which used to record business ...
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A: Accounting information is required to have certain qualitative characteristics in order to make it u...
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A: Calculation of Sam share of profit in amount Sam share of Profit and loss = 40% CALCULATION PART...
Q: % interest in capital and in profits. Assumptions: a. Joshua is admitted by purchase of interest. b....
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Q: review of interim financial statements or information is not a common type of review engagement. TRU...
A: A review engagement is an activity that provides assurance that no major modifications are made to t...
Q: PA7-2 (Algo) Analyzing Make-or-Buy Decision [LO 7-2, 7-4] Mohave Corp. is considering outsourcing pr...
A: Direct material refers to the physical components that make up a product. A baker's direct materials...
Q: Unadjusted account balances at December 31, 2019, for Rapisarda Company are as follows: ...
A: Journal Entries Date Account Titles and Explanation Debit Credit A Depreciation Expenses $...
Q: What are the principal reasons for using a special payroll bank account
A: A payroll account is a separate bank account for your business that is exclusively used to pay emplo...
Q: Determine the number of days from Actual Time to Approximate Time Loan date - July 31, 2021 Due da...
A: Actual days are the number of actual days in a month e.g. April - 30 days, may - 31 days. Approximat...
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A: The question pertains to counting the number of days on the basis of 30/360 between two specific dat...
Q: ABC Corporation has an investment of 4,000,000 shares in XYZ Corporation. On December 31, 2021, ABC ...
A: Normally dividend in form of stock is to be issued when company has less cash reserves.
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A: The question is related to the Transfer Pricing. Department A decided to transfer to Department B a...
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A: A pension is a retirement plan for employees that is funded by the company, the employee, or both, w...
Q: As of the date of the financial statements, the number of common shares issued will exceed the numbe...
A: Treasury stocks are repurchased shares of the company. The firm has the power to reissue these stock...
Q: At 1 July 2018, Twister Ltd acquired a piece of equipment for a cost of $100,000 which is part of th...
A: Fixed Assets: Fixed assets are acquired by an entity in order to get economic privileges for longer ...
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A: treasury stock is the stock purchased by the company from the open market. treasury stock will redu...
Q: Purchases S250,000 Cost of goods sold 250,000 Beginning balance 30,000
A: Formula: Ending Balance = Beginning balance + Purchases - Cost of goods sold
Q: A company reported the following reconciliation in the MD&A section of its 2020 Net cash provided by...
A: GAAP standardizes the financial reporting as well as provides the constant rules and format set in o...
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year roun...
A: * As per Bartleby policy, in case question contains multiple subparts then answer first three only. ...
Q: ment is depre measured at
A: Given: A piece of equipment for a cost =$100,000 fair value=$82,000 Equipment assessed=$81,750
Q: has a ratio of 1.2:1. Can you acquire this firm (and thus take on more debt) without violating your ...
A:
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A: Solution Carrying value is the original of any asset less Accumulated amount of any depreciation or ...
Q: Crandall Distributors uses a perpetual inventory system and has the following data available for inv...
A: Solution Calculation of goods available for sale- = (110*7.1)+(575*7.2)+(680*7.5)+(230*7.7). = 117...
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A: The accounting equation is the base to record the financial transactions that are to be posted in f...
Q: On 30 June 2019, Swan Ltd acquired a machine for $180 000 cash, with an expected useful life of 9 ye...
A: When a company revaluates the value of its fixed assets on the basis of Fair Market Value, the diffe...
Q: Fox Corporation had the fölloWing Preferred Stock, 5%, $40 par, 30,000 shares authorized, 10,000 sha...
A: Journal Entries S. No. Particulars Ref Debit Credit 1 Cash A/C ...
Q: m sale equipn
A: Computation of Gross income from business/profession: Gross receipt from customer = 900000 Sale of ...
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A: Since we answer only up to three sub-parts, we shall answer the first three. Please resubmit a new q...
Q: During the year 2021, Johnny is having a hard time fin decided to set up a small business in order t...
A: The answer is stated below:
Q: Placid Lake Corporation acquired 80 percent of the outstanding voting stock of Scenic, Inc., on Janu...
A: F 1) Transfer pricing figures computation :- 2020 ...
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year roun...
A: Solution Margin of safety is the difference between the break even point and actual sale .
Q: The following trial balance that was prepared by the bookkeeper of Mason Company does not balance. ...
A: Trial balance is a statement that is prepared with a view to ensure the arithmetic accuracy of the a...
Q: Kipay Co. had the following account balances: Sales - P120,000; Cost of goods sold - P60,000; Salary...
A: Income before tax means the profit earned before paying any taxes to the government authorities. It ...
Q: Question Content Area Break-Even in Units and Sales Dollars, Margin of Safety Drake Company pro...
A: Break Even Point is the level of sales where there is no profits or no losses. Break Even Point (uni...
Q: A credit sale of $3,600 is made on July 15, terms 2/10, n/30, on which a return of $200 is granted o...
A: Sale Sale refers to the transaction between seller and buyer where the buyer agrees to pay for the t...
Q: Based on the information below: a. Seller sold merchandise on account to the buyer, $4,750, terms 2/...
A: The perpetual inventory system records the sales and cost of goods sold as and when they are incurre...
Q: The Biscuits division (Division B) and the Cakes division (Division C) are two divisions of a large,...
A: ROI and RI are used to evaluate the performance of the company base on the investments employed into...
Q: You borrow money on a self liquidating installment loan (equal payments at the end of each year, eac...
A: A self-liquidating loan seems to be a sort of short-term loan wherein the borrowed money has been us...
Q: Not-for-profit entities and state and local government organizations are small in comparison to the ...
A: Custodial fund or account refers to the financial account which is set up for the beneficiary advant...
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- Examine the economic environments influence on personal financial planning.How do emerging trends and research in accounting and finance influence financial professionals' strategic decisions, academic pursuits, professional development, and personal interests?What does someone at their stage of academic and professional development need to know about employment trends in accounting and finance?
- What are the different careers available to those who study and specialize in financial management?Reflecting on what's been learned about the content knowledge and competencies needed for the role of accounting and finance one aspires to play in that field, Brainstorming strategies for taking advantage of the knowledge and skills already had, acquiring the content knowledge one needs, and developing the skills need.In what way financial reporting affects you as a student, and as a future professional?
- Write an exploratory essay on how will current trends, concerns, and research related to the academic discipline of accounting and finance inform the decisions made about one's academic and professional development or personal interests?How will improved knowledge and skill in communication benefit in accounting career?In your honest opinion, do you find Income Taxation subject relevant or useful to your current course which is management accounting or desired career? Please answer thoroughly.
- What influences finance professionals' strategic decisions, academic pursuits, professional development, and personal interests?Can you give me personal SWOT MATRIX ANALYSIS of a college student. Specifically an accounting management student. S- Strengths W- Weakenesses O- Opportunities T- Threats SO (Strengths-Opportunities) Strategies ST (Strengths-Threats) Strategies WO (Weaknesses-Opportunities) Strategies WT (Weaknesses- Threats) StrategiesWhy business finance is relevant in Accounting course?
