ecision?
Q: A company has a $500,000 30 year fixed loan payable at an interest rate of 4% monthly loan payments ...
A: The entry for first month loan payment are as follows
Q: A. If all non-owner related wealth changes were reported as part of net income, how much would Compu...
A: COMPUTER PLUS ,INC. ANSWER(A...
Q: ts and $170,000 in shareholders equity. What is the total of the company's liabilities? A. $360,000
A: Total liabilities are the sum of an individual's or company's debts and commitments to third parties...
Q: Which of the following best describes the articles of partnership agreement? Multiple Choice The art...
A: Answer with explanation are as follows.
Q: Below is the information relative to an exchange of assets by Bramble Corporation. The exchange lack...
A: Computation of Equipment cost (case1): New equipment Cost = Fair value +Cash paid = 522,000+81,500 ...
Q: S Bhd. is pricing a new contract. The new contract requires the use of 50 tonnes of metal X. There a...
A: If a material that will be used in a special contract is not in regular use, then the relevant cost ...
Q: The following infomation provided by ABC compaies. a of Deceaber31, 2019 Acconnts Tetal Sales Revme ...
A: Accounting is the process of recording, classifying and summarising accounting information. On the b...
Q: On January 1, 2019, Sobiono company sold land to Gliezel company. There were no established market ...
A: As per PFRS 9 Financial instruments, Note payable will be considered as financial instrument as the...
Q: Distinguish between the following concepts a. Sunk costs and Opportunity Costs
A: Solution:- a)Distinguish between Sunk costs and Opportunity Costs as follows:- Sunk costs:- A sunk c...
Q: Crane Inc. is a retailer operating in British Columbia. Crane uses the perpetual inventory system. A...
A: Inventory Valuation Methods are methods of valuation of inventory. There are three methods of invent...
Q: On January 1, 2020, an entity sold a new car at a price of P1,000,000 with production cost of P900,0...
A: Under Installment method to account its credit sales , the profit transaction of sales is recorded a...
Q: The END. partnership has the following capital balances as of the end of the current year: Pineda Ad...
A: The bonus method is used to give additional capital to a new partner in a partnership when the perso...
Q: II. Completing the table. A. Find the coupon rate. FACE VALUE COUPON DATES COUPON INTEREST COUPON RA...
A: Bonds are financial instruments issued by corporations to raise funds from public. These bonds are...
Q: At the beginning of the year, Cazenovia, Inc. Entered into a five-year lease for equipment that was ...
A: Lease Liability = Present Value of Future Lease Payments The right-of-use asset is measured at cost ...
Q: A sala set priced at P 2,250 was offered to a retailer with a discount of P 350.00. What was the rat...
A: Trade Discount: An example of a trade discount is the amount by which a manufacturer lowers the reta...
Q: Which would be the correct posting of the General Journal Entry shown in Figure 3.03 M to the Genera...
A: The correct answer would be Debit Supplies - Store $220; Credit Accounts Payable/Shoe Shack, $220
Q: ancial health of the given data b
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or str...
Q: my Douglas owns a business called Douglas Distributors. The following transactions took place during...
A: Journal entries serve as the foundation for other accounting tasks such as ledger account preparatio...
Q: 103. The certificate of limited partnership shall state the following, except:
A: A partnership is a form of business that is owned and controlled by two or more partners. The partne...
Q: Prokp Co.'s records for April disclosed the following data relating to direct labor: ...
A: Actual labor cost (payroll) for April = $ 33,000 Favorable labor rate variance = $4,400 Unfavorable ...
Q: Haley (age 48) and Myron (age 51) are married and filing a joint return. Myron has earned income of ...
A: Tax deduction is the deduction that lowers the tax liability of a person or organization by lowering...
Q: A subsidiary ledger contallillg O Accounts payable ledger. O Accounts receivable ledger. O Customer ...
A: The subsidiary ledger includes accounts receivable ledger, accounts payable, sales ledger and purcha...
Q: Concord Corporation purchased the assets of Ivanhoe Company at an auction for $5640000. An independe...
A: Total of Relative fair values Land $1830000 Building 2910000 Equipment 2250000 Trucks 32500...
Q: 15. A business sells $100 worth of goods to a customer, the customer pays S50 in cash immediately an...
A: “Since you have asked multiple question, we will solve the first question for you. If you want any s...
Q: Quality Chairs Inc. (QC) manufactures chairs for industrial use. Laura Winters, the Vice President f...
A: Profit Per Unit: This is the revenue left after all costs have been paid and is computed by divid...
Q: Josh earned wages of $650 since he was last paid in mid July and will be paid on August 1. The adjus...
A: Amount of salary accrued to Josh for work done in month of July= $650 This amount of $650 will be...
Q: orporation is owned 20% by individual A and 80% by corporation B. Grocery Corporation has earnings a...
A: Tax-Effected means the amount of an expense or cost calculated on an after-tax basis to the extent t...
Q: why is it necessary to make, record and disclose asset and liability valuation in relation to intern...
A: Asset valuation is the process of determining the fair market price of an asset using its book value...
Q: What is the estimated market value of a property that 3,500 sq. ft. and is adjacent to the freeway? ...
A: Market value of the property is the value of property which it fetches in the market. And when the e...
Q: Raj Holdings is a diversified company with a fairly strong position in certain segments. It initialy...
A: Return on equity(ROE) is a ratio that shows the measurement of an organization's financial performan...
Q: WG Inc has a bi- weelkly payroll of 100,000 Taxes totaling 35,627are withheld from the employee- Wag...
A: >Expenses are to be recorded when incurred, whether cash has been paid or not. >Salaries and W...
Q: The partnership agreement of Jones, King. and Lane provides for the annual allocation of the busines...
A: Partnership: When two or more than that person joins together in order to conduct the common busines...
Q: Balley Co. includes one coupon in each bag of dog food it sells. In return for 3 coupons, customers ...
A: Calculation of premium expenses and estimated liability are as follows:
Q: Find the present value of 10 semi-annual payments of P3,000 each if the first payment is due at the ...
A: Present value of a cash flow is the discounted value of a future cash flow. The future cash flow is ...
Q: Following details pertains to Flatron producing flat models Television sets Selling and admin expens...
A: Operating income: =Net sales - cost of goods sold - Operating expenses
Q: On January 1, 2016, Greenhills Company acquired property, plant and equipment for each as follows: C...
A: Assets form the backbone of every business as the assets are utilized to generate revenues during th...
Q: A county has an external investment pool for cities in the county to invest excess resources. The ci...
A: Investment: Investment is an item that is purchased or invested in order to accumulate wealth and sa...
Q: Consider the following selected financial information for Green Woods Company. Green Woods Company G...
A: The cash flow statement is prepared to record the cash flow from various activities during the perio...
Q: Various difficulties associated with manual cost accounting system,Please explain the below with exa...
A: As per our protocol we provide solution to the one question only but you have asked multiple questio...
Q: Give its Post Posting Trial Balance
A: Trial balance means a statement which include all the debit or credit balances of accounts from le...
Q: firm’s production facilities were under-utilized by producing less units of products than budgeted. ...
A: The difference between the amount projected for fixed overhead expenses based on production volume a...
Q: Gizmo Inc. purchased a one-year insurance policy on Öctober 1 for $4,920. The adjusting entry on Dec...
A: As revenue recognition concept and matching concept , revenues earned and expenses incurred in th...
Q: B) The company has generated an increasing dollar amount of cash from operations O (CFO) from 2019 t...
A: Option C is Correct wher all conditions Are follewed
Q: 8.A company pays rent quarterly in arrears on I January, I April, 1 July and 1 October each year. Th...
A: Solution: Rent expense for the period is based on monthly rent incurred for the period whether paid ...
Q: Lens Care Inc. (LCI) manufactures specialized equipment for polishing optical lenses. There are two ...
A: The profit margin is calculated as difference between sales revenue and total costs incurred.
Q: Sales - P1,000,000 Cost of sales - P500,000 Interest income from bank deposit, Philippines - P40,000...
A: Gross income is the income which is computed by reducing the cost from the total revenues. When oper...
Q: Consider a piece of equipment that costs $60,000. The estimated salvage value after six years is $9,...
A: Double Declining Balance Method the depreciation is computed by the formula: DDB = 2Useful life of a...
Q: Consider the following data for three divisions of a company, X, Y, and Z: Divisional: X Y ...
A: Operating income of division X = $ 162,200 Investment in division X = 379,700
Q: Earned Value Management (EVM) is a method or an approach in measuring the project performance throug...
A: a. 100 units are planned to be supplied in 200 days. So, Number of units planned to be supplied on e...
Q: if you identify discrepancies, budget variances, unusual features or have queries, what should you d...
A: Budget variance means that the actual cost are either higher or lower than the projected cost.
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