DEFINE AND INDICATE TYPES OF DUMPING.

Q: The Company allows customers to pay with credit cards. The credit card company charges the Company 4...

A: Cash received = Sales - Credit card charges where, Credit card charges = Sales x Credit card charges...

Q: first two years, the company drove the company truck $7.000 and 62.000 miles, respectively, te deliv...

A: Solution: Under activity based depreciation expenses depreciable amount is deteriorated according to...

Q: . Slip Heel Ltd manufactures two types of shoes in its factory.  A typical monthly budget is as foll...

A:  In this question, we have to compute the monthly cost of operative wages in the factory.

Q: 3.12 L, V, and M put up an accounting firm on January 1, 200A. Their capital balances on December 31...

A: A partnership is a legally binding contract between two or more persons to manage and operate a busi...

Q: equired: ) Determine the price of the bonds on January 1, 2024. ) By how much will ABC Company's com...

A:   Bond issuance date Jan,1,2024 10% Bond -$ 800000 Yield 8% Interest is payable on 30 June and 31Dec...

Q: ABC Company has several subsidiaries that are included in its consolidated financial statements. In ...

A:   Inter Company Balances   Debit Credit Current Receivable due from Main Co  $    32,000   No...

Q: STARS Company reported net income for the current year 2021 before taxes is #4,288,000. The followin...

A: A deferred tax asset is an item in a company's balance sheet that reduces its taxable income in futu...

Q: Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown below: ...

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. % ar...

Q: IFRS 16 states that lessors shall recognize assets held under finance lease as a receivable at an am...

A: IFRS 16 Leases: It tells the principles related to the recognition, measurement, presentation, &...

Q: Exercise 2 – 10 The cash account of Pistachio Co. showed a ledger balance of P158,794 on June 30. Th...

A: A bank reconciliation report provides a compilation of banking and commercial activities which recon...

Q: A deferred tax liability or asset that is related to an asset or liability shall be classified in th...

A: The answer for the question on deferred tax liability or asset is discussed hereunder : What is defe...

Q: Presented here are an incomplete income statement and balance sheet for Vieux Corporation. VIEUX COR...

A: Ratio analysis is defined as a method utilized to analyze the results of a business. Various items o...

Q: CAE in a consulting engagement?

A: a. CAE must determine if the scope of the engagement is sufficient to achieve the desired objectives...

Q: Deduction for family home is

A: Family home inherited land is deducted 1/2 or 50% of total amount.

Q: The following investment account was taken from the general ledger of One Dream Investment Company: ...

A: Question 1  Debit to the investment account by P120000 (P60000 due on June 30,2022 and P60000 due on...

Q: 20.  An assurance engagement of risk management processes by the internal audit activity should star...

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

Q: ABC, Inc., sells tea products to various customers. In recent years, profits have been declining. Th...

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

Q: Accounts receivable Accounts payable Buildings $ 18,000 Long-term notes payable 11,000 Office suppli...

A: Formula: Current ratio = Current Assets / Current liabilities.

Q: Di Stefano Office Supply Company received a bank statement showing a balance of $68,355 as of March ...

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with ...

Q: A company uses an overhead absorption rate of £6·50 per labour hour, based on 40,000 budgeted labour...

A: Under (over)absorbed overhead for the period = Actual total overhead expenditure - Applied overhead ...

Q: Quarterly income tax payments made by a non-resident citizen taxpaye nay be claimed as O neither a n...

A: Tax credit means amount can be substrate from total payable tax and offset overall liabilities.  

Q: Although he has enough to start the business now as a partnership, he believes cash flow may be an i...

A: corporation is such a form of business that is started requireds rules and regulation to be followed...

Q: Libre, Incorporated has experienced bad debt losses of 5% of credit sales in prior periods. At the e...

A: In percentage of credit sales method  Bad debt expense = credit sales × Estimated Nad debt percentag...

Q: Exercise 9-11B Record bonds issued at a discount and related semiannual interest (LO9-6) [The follow...

A: Bonds are instrument which is issued by the issuer to raise funds and these can be issued either at ...

Q: monthly cost of operatives’ wages i

A: Cost of wages = Monthly Output*Cost per unit                        = 5040*8                        ...

Q: Under the realization principle, revenue from sale of products is recognized a. At date of delivery...

A: Recognition of Revenue - Recognition of Revenue is the recording of revenue in the financial year. T...

Q: rpe bsupuele M animuzaA 2S wo Item Nos. 23 and 24 are based on the following information: C, D, and ...

A: The partnership comes into existence when two or more persons agree to do the business and further s...

Q: The company is desirous of comparing serval financial transactions and possible outcomes to assist i...

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued i...

Q: (A Equity fund В Bond fund Balanced fund D Money market fund

A: Tax Slip from Canadian  Mutual fund, showing below mentioned Income Capital Gain  $1000 Dividend Inc...

Q: Question 16, In using variance reports, management looks for more efficient ways of valuing inventor...

A: Solution:- Variance reports:- A Variance report is a document that compares planned financial outcom...

Q: Prepare an analysis of the month's transactions using a tabular format (please see answer sheet).

A:   Cash + Accounts Receivable + Supplies Inventory + Equipment  = Accounts Payable +  Owner's Equity ...

Q: Y Corp. had Net Receipts of 1,000,000.0o. The actual entertainment, amusement and recreation expense...

A: The entertainment, amusement and recreation expenses are the expenses which are incurred in the cour...

Q: Chez Fred Bakery estimates the allowance for uncollectible accounts at 3% of the ending Ba 2021. Che...

A: Introduction:- Calculation of Ending accounts receivable as follows under:- Allowance for uncollecti...

Q: On January 1, 2021, PCO purchased 70% ownership of SCO which resulted to a gain on acquisition of P1...

A: PCO purchased 70% ownership in SCO.

Q: $10,000 $12,000 Service Revenue Cash Accounts Receivable $3,000 Office Supplies Rent Expense Salarie...

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net...

Q: Costello & Summers are partners in a merchandising business. During 2014, they withdrew their salary...

A: Costello’s Capital A/c Particulars  Amount Particulars  Amount To drawings P35,000 By balance b...

Q: Credit Sales $675,000 Accounts Payable $31,000 Accounts Receivable $64,000 llowance for Uncollectibl...

A: Solution: uncollectible accounts are those accounts which are estimated to be uncollectible. It can ...

Q: TRUE OR FALSE? Current Assets differ from Quick assets when it comes to inventory.

A: Total Assets: Total Assets is the summation of short term assets and long term assets where former i...

Q: LGM will purchase all of the net assets of DMF by transferring its shares in YYZ. Because of the con...

A: If company buy assets from issue a share then following changes arises in balance sheet. 1. Change i...

Q: Marketable securities yield 1% per month. Determine the size and number of transfers that will minim...

A: Size and number of transfers that will minimize the cost of maintaining the special account 7 transf...

Q: 1. Compute the overall effect of these transactions on the store's reported income for 20X5. 2. Why ...

A: Adjustment entries are those entries which are made by the accountant or the accounts officer at the...

Q: During the first two years, the company drove the company truck 57S00 and 62.000 miles, respectively...

A: Activity based Method of Depreciation, also known as a unit of activity depreciation  it is the depr...

Q: On January 1, 2021, PARKSOOYOUNG acquired all the outstanding shares of SUNGJAE for P600,000. The sh...

A: In the context of the given question, we should compute the goodwill or gain from the acquisition of...

Q: 4. Five transactions for Jodry & Associates follow. A. Journalize the five transactions under a GST/...

A: Journal entries- Journal entries refer to the approved book of a corporation which is used to record...

Q: Given that the closing work-in-progress of a process is 400 units, which is 100% complete with regar...

A: For calculating equivalent units, we will need to use below formula. Equivalent unit for material = ...

Q: Barga Company's net sales for Year 1 and Year 2 are $669,000 and $750,000, respectively. Its year-en...

A: Solution:- a)Calculation of  the days' sales uncollected at the end of each year as follows under:-

Q: e is a single taxpayer- nce on her pre-2021 ere to access the wit

A: Part A   Particulars Amount Wages    2,200.00 Less: Allowance      -358.00 Adjusted Wages   ...

Q: S.A.Q 1.3 ACTIVITY 2: Entrios for Sale of Goods On January 3, 2020, a sale to customer Kim Taehyung ...

A: Perpetual Inventory System – Under Perpetual inventory system on every sales transaction cost of goo...

Q: Account Particulars |Cash (100000*30) Common Stock (100000*0.6) Additional paid in capital common st...

A: Shareholders equity section is the section in the statement of financial position which shows the ne...

Q: Which of the following set of taxes are prohibited? I. Imposition at the same time of income tax and...

A: Income tax is direct tax and value added tax is indirect tax so direct and indirect tax can be impos...

Corporate Ethics

Ethics refers to the moral values and principles that guide an individual. Corporate ethics refers to the moral behavior of a company and its employees while conducting business. Business ethics is another name for corporate ethics. Business ethics reflects the purpose of doing the business. Business ethics is the distinction between what is right and wrong in the workplace and the selection of the right set of actions. Every corporate entity follows business ethics to a large extent in order to survive and compete successfully in the market. Corporate entities that strictly adhere to business ethics gain the trust of their stakeholders and thus gain more customers. An organization follows compliance, i.e., following certain business policies, rules, procedures, and practices to deal with the problem arising from the business environment. Business ethics also ensures that they meet compliance requirements as it was connected with the activities of an organization.