discuss why financial markets should be regulated

Q: Learning Task 2: Journalize the entries for the following adjustments on December 31, the ed a the…

A: At the end of each accounting period, business wants to report its incomes, expenses, assets and…

Q: DCF Enterprises Inc.'s capital structure consists of 18 million shares of common stock and 1 million…

A: A percentage, on the other hand, refers to a company's inventory certificate that is positive. A…

Q: Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2021,…

A: Income statement is one of the financial statements which is prepared to analyze the profitability…

Q: sestion 8 Which of the following represents a form of communication through financial reporting but…

A: Financial Statements are part of Financial reporting and are used to convey the profits/loss,…

Q: Bopha Ltd, a general construction company which is based in Limpopo, has a financial year end of 31…

A: All the expense which incurred to bring an asset to put to use will be capitalise as a part of that…

Q: Journal entry? Direct labor expense for Job C15 was $24,128. Actual overhead was incurred on account…

A: Factory overhead applied = 200℅ of direct labor Direct labor= $ 24128 Applied factory overhead =$…

Q: Gizmo Inc. purchased a one-year insurance policy on October 1 for $4,320. The adjusting entry on…

A: Dec.31 Insurance Exp                     $1080.00             Prepaid Insurance…

Q: Net income? Accounts Debit Credit (OMR) Cash Capital 100,000 (OMR) 120,000 1600

A: Introduction: Income statement: All revenues and expenses are to be shown in Income statement. It…

Q: Using the following accounts and their amounts, prepare in good format a balance sheet for Bright…

A: The balance sheet is one of the financial statements of the business, which represents the financial…

Q: The following is the unadjusted trial balance for Carla Vista Lodge Ltd. at its year end, May 31,…

A: Journal entries are basic and important part of accounting &it is used to record a business…

Q: Amel Corporation was organized on January 1, 2015, with an authorization of 1,200,000 shares of…

A: Every company raises finance by way of issue of shares. These can be ordinary shares or preference…

Q: in November 4, 2019, Blue Company acquired an asset (27.5-year residential real property) for…

A:

Q: 1 The Corporation will always sell all partly paid overdue shares to the highest bidder. $2…

A: A stock becomes delinquent upon failure of the holder to pay the unpaid subscription or balance…

Q: Ann and Paul are shareholders of Android Corporation. Each has a stock basis of $10,000. Android has…

A: Introduction: Earnings and profits indicate a company's ability to pay dividends. Any sum paid by an…

Q: City of Smithville Street Improvement Bond Debt Service Fund Pre-closing Trial Balance For year 2020…

A: Retirement of bonds means the payment to the bondholders The bond is a kind of debt or loan taken by…

Q: The Statement of Financial Position and  the Statement of Profit and Loss of ABC Bank include the…

A: Introduction: T-account: Is an abbreviation for a set of double-entry accounting records. The…

Q: Sweet Corporation makes a product with the following standard costs:     Standard Quantity or…

A: Lets understand the basics. Variable overhead efficiency variance is a variance between the actual…

Q: At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the…

A: Manufacturing overhead is the cost incurred on the production of the goods.

Q: Required information [The following information applies to the questions displayed below.] The…

A: Payroll is the payment that a company is required to pay to its employees for a set period of time…

Q: Nicanor, having a capital of Php 100,000, filed as a non-VAT taxpayer in 2019. The following is a…

A: Taxes are pressured contributions imposed via way of means of a central authority corporation on…

Q: The unearned rent account has a balance of $48,053. If $6,544 of the $48,053 is unearned at the end…

A: Unearned Revenue: Unearned Revenue means money received from the customer in advance for the service…

Q: measures inventory at lower of cost and net realisable

A: As per IAS 2 Inventories shall be valued at COST or NRV which ever is less. Working note 1:…

Q: Candice Corporation, a domestic corporation sold its 100,000 shares with par value of P 15 per share…

A: Capital gains tax rate for a domestic corporation is 15%. No tax is to be paid if shares are sold to…

Q: The depreciation allowance in year four is $ (Round to the nearest dollar.) The BV at the end of…

A: Explanation of Concept  Depreciation is the amount which is to be reduced from value of assets to…

Q: Brian Packer worked the following schedule: Monday, 9 hours; Tuesday, 9 hours 33 minutes; Wednesday,…

A: Quarter hour time Hundredth hour time More Favourable method Brian Packer 44.25 hours 44.23…

Q: Even though abel donated P100,000 and Carr supplied P84,000 in recognised assets, Johney and Carr…

A: Attributes are goods that may be separated from the company and disposed of, such as machinery,…

Q: Below are four levels of ERP value realization:

A:

Q: Concord has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2600 units,…

A: Variance is considered as the difference between budgeted value and actual results. The management…

Q: What would you be ready to spend now for a P1,250 annual return over the following ten years,…

A: The term "discount charge" refers to the interest rate levied by the Treasury Department on…

Q: Question 12 of 40 In June, Widgets, Inc. makes on account sales to Customs Motors of $800 and…

A: Lets understand the basics. Account receivable control account is a account maintained to record…

Q: What is the net income for the current year? During the year, Homo sold 100,000 shares with P20 par…

A: Net income for the current year This can be arrived using the Cash flow statement as follows:

Q: amortization expense in 2024?

A: The Blue company has bought the trademark from shoes inc. for P300,000 then the amortization cost in…

Q: Jax Incorporated reports the following data for its only product. The company had no beginning…

A: The unit product costs under absorption costing:       64000 units 88000 units Direct materials…

Q: P2.2B (LO 2) AP Mountain Adventure Travel Tours was started on May 1 by Dustin Tanner. The following…

A: Journal entry: It implies to the recording of financial transactions, entered into by the business,…

Q: Kenneth Company was organized on January 1, 2015 at which date it issued 100,000 common stock of P10…

A: Introduction: Shareholders' equity which is also known as net worth of the company, is the owners…

Q: PA4-4 (Algo) Identifying and Preparing Adjusting Journal Entries [LO 4-1, LO 4-2, LO 4-3, LO 4-6]…

A: The adjustment entries are prepared to adjust the revenue and expenses of the current period. The…

Q: Oriole Company is considering a capital investment of $196,000 in additional productive facilities.…

A: Cash flow states the cash inflow and cash outflow of the company. It is represented in the cash flow…

Q: Under IFRS 4, what are the three important elements of an insurance

A: IFRS 4 - Insurance contracts refers to international financial reporting standard on insurance…

Q: Diego, age 28, married Dolores, age 27, in 2021. Their salaries for the year amounted to $48,000.…

A: Federal income tax - The Internal Revenue Service (IRS) levies a tax on the annual earnings of…

Q: June 18 Sold and shipped on account to Dante Company, $5,000 ($3,000 cost) of merchandise, with…

A: Journal entries (JF) refers to the entries which are being reported in the original books of…

Q: Explain with examples how Section 404 can impact local governments and not-for-profit organizations?

A: Answer:-  Not-for-profit organization (NGO):- A non-for-profit organization generally works…

Q: What Issue do President Biden’s proposal have on the raise of corporate tax rate

A: The given question is about corporate tax rate so before moving into question first we have to know…

Q: What are the partnership's earnings for 2015?

A: Marco's earnings = ending capital - beginning capital+ withdraw - additions =…

Q: Journal entries? February 2 February 7 February 14 February 15 Pay $600 for radio advertising for…

A: Lets understand the basics. Journal entry is required to make to record event and transaction that…

Q: The following revenue and expense account balances were taken from the Income Statement columns of…

A: Income statement: The income statement shows the company's revenues and expenses earned during the…

Q: Assuming that total assets were $5,660,000 at the beginning of the current fiscal year, determine…

A: (Note: Since you have posted a multi-part question, we will solve the first three sub-parts for you.…

Q: Stockholders contribute $25,000 cash to a company in exchange for common stock. The company…

A: According to the accounting equation, a company's total assets are equal to the sum of its…

Q: Speedy Ironing Services Unadjusted Trial Balance September 30, 2020 Debit P 23,450.00 Cash 2,000.00…

A: After passing the adjustment entries in the books of accounts, the trial balance prepared is known…

Q: Statement I: In the absence of stipulation, the share of each partner in the profits and losses…

A: when partners agree to share profit and losses as well as share reward this is the case of…

Q: Blossom Company purchased a machine on January 1, 2019, for $792000. At the date of acquisition, the…

A: The question is related to the Chnage in Accounting Estimates. Chnage in Accounting Estimates is…