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Q: Erholm Corporation has two operating divisions—an Atlantic Division and a Pacific Division. The…

A: Introduction:- The following basic information as follows under:- Corporation has two operating…

Q: Liam Byrne borrowed Php 1,500,000 at 3% interest from Erik Torsten on July 1, 2022, the promissory…

A: Disclaimer: We have solved 3 sub-parts, if you want to resolve it further, please resubmit it with…

Q: 6. Writé Up 20X7 March 1 Started business with £750 cash and £9,000 in the bank. == 2 Received a…

A:

Q: Bonneau Corporation declares a cash dividend of $100,000 on July 1 for any shareholder on record on…

A: The dividend to shareholders is declared and paid from the retained earnings of the business.

Q: Which is TRUE in Barangay Micro Business Enterprise (BMBE)? S1: Corporations cannot register as…

A: As Per Barangay Micro Business Enterprise  Any Natural Person or Judicial ,…

Q: Identify types of costs and explain their accounting. E2.20 (LO 1) Wu-Li Corporation incurred the…

A: Direct material, direct labor and manufacturing overhead are the part of product costs which are…

Q: xplain 3 reasons why a company should adapt environmental accounting in ther business

A: Introduction:- Environmental accounting is managing your environmental data, like material…

Q: On January 1, 2022, A company issued 1,000 of its January 1, 2017, 8%, 10 year, P1,000 face value…

A:

Q: K is a capitalist partner. In the articles of partnership, it was provided that K’s duty was to…

A: He will be entitled to right to compensation

Q: find the outstanding of pepsi co for year 2019, 2020, 2021?

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: G is a capitalist partner. He was able to contribute P500,000.00 for the benefit of the partnership.…

A: Partnership is an agreement between two or more persons who carries their business operations…

Q: 27) Under the corporate form of business organization, A) stockholders wishing to sell their…

A: Stockholders are holders of shares who are considered the owners of the shares of the company. They…

Q: ribution Ann receives cash $1,800, and land in which the as $25,000. s on the distribution?

A: Partner's basis in case  of liquidating distribution must be reduced to zero in all the cases. In…

Q: Ellie Inc., a calendar year C corporation, wants to make a gift to a charity that is deductible on…

A: Form 1120 Line 19. Charitable Contributions Enter contributions or gifts actually paid within the…

Q: Read the case study below and answer the questions that follow. Hendry Limited produces a…

A: Calculation of product costs under absorption costing: Direct materials                   12.00…

Q: In a liquidating distribution Ann receives cash of $3,000, inventory in which the partnership's…

A: A partnership is a type of business that is conducted by two or more partners who work together in…

Q: The following information has been extracted from the financial statements of Muggie Pty. Ltd., a…

A: Quick ratio is a metric which is used to determine the company's ability to pay off its current…

Q: USE THE NUMBERS 1-10 TO PLACE THE FOLLOWING STEPS OF THE ACCOUNTING CYCLE IN THEIR PROPER ORDER, 1…

A: Accounting cycle includes the step by step procedure of recording and finalizing the business…

Q: Initially, a foreign currency transaction shall be recorded by applying The spot exchange rate at…

A: Foreign currency transaction are the transaction which conducted in a currency other than the local…

Q: A company has suffered operating losses for some time but is now operating profitably and expects to…

A: Note :- Quasi reorganization means where  assets and liabilities are restated at fair value and…

Q: Income Statement ($M) 2019 Revenue 372 Depreciation Other Operating Expense Income Before Taxes 12…

A: Formula: Net profit margin ratio = ( Net income / revenues ) x 100

Q: B promised that he will deliver a house and lot for the partnership to use for its manufacturing…

A: The partnership act defines a relationship between two or more persons who agrees to share profits…

Q: Lens Junction sells lenses for $44 each and is estimating sales of 15,000 units in January and…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: * 0O T # 3 la Uni X L Grades for Cristian Catala: 22s X WP Ch7quiz with TF5 WP NWP Assessment Player…

A: Activity-based costing (ABC) is a method of assigning overhead based on activities, which are…

Q: On March 1, 2021, a Philippine company sold merchandise to a foreign customer in Singapore dollars…

A: Foreign currency transaction should be recorded using the exchange rate prevailing on the date of…

Q: explain each ratio of this list what happened in 2019, 2020, 2021? List Of Ratio 2019 2020 2021…

A: So Let First understand the Meaning of Above Ratio Current Ratio Its Depict the How Much Company's…

Q: ustomizing cost

A: Cost accounting is one of the accounting system that is used by the businesses. The main purpose of…

Q: of the property and $460,000 to prepare for drilling. During the first year, Donahue removed and…

A: When natural resources are extracted we use depletion expense  to account for the use of natural…

Q: Calculate Days in Accounts Receivable.    Total accounts receivable over 90 days: $18,105.50 A/R :…

A: Days in Accounts receivable is calculated by dividing total Receivables, net of credit by daily…

Q: On January 1, 2017, the llocos Norte Corporation purchased the business of its competitor in a…

A: Impairment of Assets It is important for the business entity to determine the impairment loss of the…

Q: Memphis Wholesale Market applies the lower of cost or net realizable valuation to individual…

A: The net realizable value is calculated as selling price minus costs to sell.

Q: Negotiations on a new contract have started. The contractor has 500 employees, the contract is 2.5%…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: On January 1, 2021, Byrd and Gates own equally (nfty percent (50W) of the stock of Boudreaux…

A: The answer for the multiple choice question and relevant working are presented hereunder : Byrd and…

Q: 26) The statement of cash flows will not report the A) uses of cash in the current period. B) amount…

A: The cash flow statement indicates the cash inflow and outflow transactions related to the…

Q: Jaime Ltd manufactures and sells a small electric product to order for the computer industry. The…

A: The income statement should be prepared to record revenue and expenses for the period and find the…

Q: So that he will not be delayed in delivering the coffee beans, D gave an additional P50,000.00. What…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : D was…

Q: Choose the correct answer:   Which of the following is equal to the SFP? A. Unadjusted trial…

A: Abbreviations used in the Question : SFP means Statement of Financial Position of Balance Sheet SCI…

Q: You have been hired as a financial consultant by Himalaya Ltd. The CEO, Ms. Natasha  Romanoff has…

A: Answer:- i Dividend:- A dividend is a kind of payment to its shareholders by the a company. When a…

Q: Bonneau Corporation declares a cash dividend of $100,000 on July 1 for any shareholder on record on…

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

Q: A consideration of internal control made during an audit is usually not sufficient to express an…

A: Internal controls procedures are those processes which are established for effective and efficient…

Q: On April 1, 2028, Dugong Company issued a P 9,000,000 non-interest-bearing note due March 31, 2031,…

A: The carrying amount of the note on initial recognition is equivalent to the cash price of land. The…

Q: Michalleti Marketing Consulting Ltd issued Gh¢500million of zero-coupon bonds with ex-interest of…

A: The cost of debt is the amount of the cost which is required by the company to pay to the lenders of…

Q: 9. Which of the following items would be excluded from current liabilities? Group of answer choices…

A: According to IFRS, a liability is classified as ‘current’ if it meets any of the following…

Q: 48.  Nicanor is a civil engineer. His reported total gross receipts in 2020 amounted to Php…

A: Here discuss about the details of total income tax payable while opted of 40% deduction criteria in…

Q: 35.On March 1, 2021, a company issued 1,000 shares of its P20 par value ordinary share and 2,000…

A: Disclaimer: "Since you have asked multiple question we answered first question for you if you want…

Q: Donahue Oil has an account titled Oil and Gas Properties. Donahue paid $6,700,000 for oil reserves…

A: Depletion means the fall in value of reserve when some reserves has been extracted from mines.…

Q: What is the difference between book value accounting and market value accounting? How do interest…

A: Here discuss about the details of the book value of accounting and the market value of accounting.…

Q: Bonita Manufacturing Corporation purchased 10700 shares of its own previously issued $10 par common…

A: Purchase of own shares were termed as treasury shares.  Treasury shares are to be measured at cost.…

Q: On January 1, 2017, the llocos Norte Corporation purchased the business of its competitor in a…

A: The impairment loss is calculated as the difference between the carrying value of all the assets and…

Q: One of the criticisms of the NLRB is that they are too powerful and are constantly fining companies…

A: Here discuss about the activities of the National Labor Relation Board (NLRB) and it primary aims to…