er 31, 2020 al analysis encil only, ennies blank aper properly. lines as

Q: was b old. The machin n 8% interest rat was SAR 7,500? SAR 22,500 SAR 30,650 SAR 42,475 Cannot be…

A: In this we need to calculate the present value of annual savings and calculate the salvage value.

Q: 18-Which one of the following category unearned revenue belong to? a. Limited liability b. Lon-term…

A: The Unearned revenue is the revenue received in cash but not earned yet.

Q: S1: PFRS 17 allows and insurer to change its accounting policies for insurance contract only if, as…

A: S1 is correct. PFRS 17 allows the insurer to change the accounting policy only if it results in…

Q: measure a provision a. at fair value b. at cost c. at the best estimate of the amount required to…

A: Small manufacturing companies have a small investment with its lower scope of business activities.…

Q: what was austal limited 2019 assest

A: Austal limited is a company involved in business of shipbuilding.

Q: Medical Exbense Deduction tion During 202

A: For 2021 the standard dedcution is $ 12,550 for single filers.…

Q: The balance of non-controlling interest account on December 31. 2023 must be: N, beg (420% 767.…

A: NCI = Purchase Consideration × 30%/70%  = P420000 × 30%/70%  = P180000

Q: Given a MARR of 13%, which alternative should the company select? Alternative IRR PW(13%) A 18.6…

A: Minimum acceptable rate of return also known as the hurdle rate is defined as the minimum rate which…

Q: cember 31, th ping point th cember 31, th Corp. is the c

A: FOB shipping point refers to the shipping term which indicates that either the seller or the buyer…

Q: S1: PFRS 17 allows and insurer to change its accounting policies for insurance contract only if, as…

A: An insurer is allowed to make changes in accounting policy only when it results in a more accurate…

Q: ente the liability sec

A: Here Montano Inc. issued bonds at 9% when the market interest rate was 7%.  Due…

Q: TRUE OR FALSE 1. PFRS 4 SUPERSEDES PFRS17 2.PFRS 17 APPLIES TO REINSURANCE CONTRACTS3.INCOME SERVICE…

A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: ny has provided the following inform r unit $56 per 12 er $14 00n

A: Contribution margin ratio is % of contribution margin per unit to selling price Contribution margin…

Q: 1: PFRS 17 allows and insurer to change its accounting policies for insurance contract only if, as a…

A: Only the S1 is correct  PFRS 17 said that insurer can change its accounting policy if it provides…

Q: detail "duditing End What statement Değine duuliting and abat the salement stagts in where…

A: All the transactions will be recorded in the journal book in a chronological manner. It is the first…

Q: MC20 sit true that the trial balance totak should agree? A No, there are sometimes good reasons why…

A: ‘’Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Under IFRS it is greater than probability that an obligation is going to arise and the amount can be…

A: International Financial Reporting Standards (IFRS) is an acronym for International Financial…

Q: I. A provision is a present obligation which may either be legal or constructive. II. Even if a…

A: As per IFRS 37, A Provision is present obligation that arises from past event, in which outflow of…

Q: atitled to the standard deduction of $12,00 O a. $50,600 O b. $34,212 c. 46,212 O d. $35,434

A: Taxable income is income after standard deductions and retirement contributions.

Q: f a vat rate of 14% applies .the vat amount included in R 629 629 amounts to what

A: VAT is value added tax which is being applied on sale of goods and services of the business. This is…

Q: n 2021, Mr. P B

A: TRAIN :- Tax reform and for Accelaration & Inclusion  :-…

Q: IIXO. Approxil "present

A: Introduction: The present worth of arithmetic gradient is calculated using the present amount factor…

Q: 2021. DEF paid dered safety deu ith a freight of PS ast of for labor.

A: In Consignment A/c there is relationship between consignor…

Q: All of the following are true of known liabilities except:   rev: 10_02_2019_QC_CS-184070 Top of…

A: liabilities are considered as legal financial debt or obligation that arises during the course of…

Q: According to IAS 37 - Provisions, Contingent Liabilities, and Contingent Assets choose two of the…

A: IAS 37 is accounting standard which deals and provides guidelines about provisions and the…

Q: A contingent liability presents an outflow of resources with a probability: Select one: O a. 50% Oc…

A: Answer is option b) > 50%

Q: PITI Financi Obligatie Expense $805 $830

A: Housing expense ratio : = Total housing expense Pre tax income × 100 = $805$3,700 × 100= 21.75%

Q: S1: PFRS 17 allows and insurer to change its accounting policies for insurance contract only if, as…

A: The current set of questions is related to accounting practices for an insurance company in terms of…

Q: Similar to a like-kind exchange, the receipt of “boot” under Sec. 351 can cause loss to be…

A: A like-kind exchange refers to a transaction in which one asset is disposed of and another asset is…

Q: d CO. ary 1,20 its fair v enters int

A: A sale and lease back agreement is a contract between two parties where one party sells an asset to…

Q: 017, Loud Company enters into a 2

A: As per the question On 1 jan,2017,Loud company enters into a a pair of yrs contract with a client…

Q: explain in details the scope, obectives

A: IAS / IFRS 33 deals with the calculation and presentation of earnings per share (EPS). It applies to…

Q: Provide proffesional argument as to why IFRS 16 is preffered for us over IAS 17, and three examples…

A: IFRS 16 and IAS 17 are accounting standards related with leases. On January 2016, IASB issued a…

Q: 020, Chalangs entered into an a nents. The geographical segm y distinguished, operationally a

A: Given: To calculate the discontinued operations of post tax loss on the year 2020 as,

Q: The Prepaid insurance was not recognized in year 2021. What is the effect of its omission in…

A: Lets understand the basics. Prepaid expense arise when expense is paid for more than one period in…

Q: 3.Compute the under or overfunded ABO at the beginning and end of 2022.

A: The under or overfunded Accumulated benefit obligation means that the plan asset of the pension plan…

Q: How much is the contract asset (liability) as of December 31, 2022 using View 1 of the PIC?

A: Contract asset: Contract asset is a right received the consideration for services rendered by a…

Q: A List and explaín athree) resons.cwhy Compnias' lold stack BWith relevent examples, explain the †…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: 1. Prepare 1 forerast c aah flow statement tor 2020,

A:

Q: as been ré P6,100 to of P926,C

A: One-sided errors seem to be those that impact the trial balance's agreement. Such problems impact…

Q: The Prepaid insurance was not recognized in year 2021. What is the effect of its omission in Prepaid…

A: Misrepresentation or error of prepaid expenses will have impact on both the balance sheet and the…

Q: 30, 2023, the fol

A: The coporate income tax in Phillipines is 25%.…

Q: 3. What should be reported as noncurrent liability from this transaction at December 31, 2021 after…

A: Note payable is the payable which a company is having which must have to be repaid by the company to…

Q: P262,500; Nov. 17, 2021

A: Calculating the due date and maturity amount of note payable

Q: Straight-L Depreciat $205,00 205,00

A: Given:

Q: 19-1. The most co O a. under h inade

A: Introduction: Financial problems is a situation which can occur if there is no adequate amount of…

Q: The company m overflight at ac Required: 1. Prepare a fle the effect of ea all amounts as

A: A Flexible budget is called variable budget and adjust to change in actual revenue level.

Q: What is meant by noncurrent liabilities? Define it? And provide one NCL account for emirates

A: Non-Current liabilities are shown in the balance sheet.