Explain the role of audit committee in Merger and Acquisition

Q: Accounting Question

A: Trade receivables are defined as the amount owed to a business by its customers following the sale o...

Q: ABC Company acquired an equipment on January 1, 2020 for P5,000,000. Depreciation is computed using ...

A: Depreciation: It is the gradual fall in the value of the asset due to its normal wear and tear over ...

Q: Required information Skip to question In the AD partnership, Allen's capital is $140,000 and Daniel'...

A: The goodwill is calculated on the basis of investment made by new partner and his share in the partn...

Q: Problem 1 On January 1, 2020. Shrek Company purchased as a long-term investment P5,000,000 face valu...

A:   As the effective interest rate is 10% and the issued rate  of bonds is 8%, this means that the bo...

Q: 3.Timson Ltd sold goods on credit on 5th June 2020 to a New Zealand company for $NZ 45,000 when the ...

A: Foreign exchange difference is the difference that results in gain or loss to the entity due to an i...

Q: Sales are 2,000,000.  COGS are 1,000,000.  Depreciation is 300,000.  Taxes are 150,000.   SG&A i...

A: Net Income: Net income means net profit or net earnings, It is an amount that an individual or an or...

Q: Using the information above, complete the following cash payments schedule for the monthly budgeted ...

A: in the questions, we have information that 65% payment is received in the month of purchase and 30% ...

Q: ANEMONE Company engaged your services to compute the goodwill in the purchase of another company whi...

A: Good will calculation by capitalizing excess earning this method is known as " super profit method" ...

Q: Course Name:  AuditingJackie is designing the audit program for cash for her client, Dexican Service...

A: Solution:1 Advise Jackie about the controls  over cash : 1.Separation of duties One of the most impo...

Q: Bidbid Company's production budget for month of February is 16,600 units, and the Company's ending f...

A: Budgeted production units means that, how many units, needs to be produced in order to fulfill sales...

Q: Estimated sales of a product is 25000 units. Two kinds of raw materials P and Q are required for man...

A:

Q: Q # 2 The following information has been accumulated by budget department for future sales and produ...

A: The following information has been accumulated by budget department for future sales and production ...

Q: What is meant by a product’s contribution margin ratio? How is this ratio useful in planning busines...

A: Contribution margin is the sales revenue of the business after deduction of variable costs from sale...

Q: On the 30th of September 2020, Dhaka Bank is attempting to determine its liquidity requirements base...

A: On 30.09.2020, Dhaka Bank is attempting its liquidity reserves of 1. Hot assets = 90% Vulnerable fun...

Q: How do I solve question #9

A: Under direct write off method, accounts receivables are written off by debiting bad debt expenses an...

Q: An individual who works with and through other people by coordinating their work activities in order...

A: Manager is the person who is responsible for coordinating with other people in the organization and ...

Q: The sales and profit for two years were as below: (IN OMR) Sales Profit 2019 250000 15000 2020 35000...

A: In cost volume profit relationship Contribution margin = Sales - Variable costs P/V ratio = Contribu...

Q: Accounting Question

A: Retained Earnings Profit is considered to be one of the important element of the companies to run in...

Q: 3. On August 31, 2019, CAMELLIA Company purchased a new machinery for ₱540,000. The machinery has an...

A: Depreciation: It is a gradual fall in the value of the asset due to its normal usage over a period o...

Q: Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale,...

A: Cash collection schedule shows the cash collected in the months by the company from the revenue earn...

Q: Villarama Corporation was organized on Jan. 1, 2018. It is authorized to issue 20,000 shares of 6%, ...

A: Share Capital section of shareholders equity shows total amount attributable to the shareholders of ...

Q: I need help with this question.

A: Financing activities are those kind of activities which include the finance from outsiders for the p...

Q: ABC Company acquired an equipment on January 1, 2020 for P5,000,000. Depreciation is computed using ...

A:   Historical cost depreciation on equipment =Cost of equipment Useful life (in years)=P 5,000,0005 y...

Q: 3. On August 31, 2019, CAMELLIA Company purchased a new machinery for ₱540,000. The machinery has an...

A: Given Information: New machinery purchased =  ₱540,000 Estimated useful life = 5 years Salvage value...

Q: What are asserts

A: What are assets?

Q: Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse an...

A: Appraised Value: It is an evaluation of a property's value (Eg:Land, Warehouse) based on a given poi...

Q: For Rafael Inc. variable manufacturing overhead costs are expected to be $40,000 in the first quarte...

A: Manufacturing overhead means all indirect costs that are to be incurred for manufacturing and produc...

Q: The following information was taken from Charu Company's balance sheet: Fixed assets (net) $860,000 ...

A: Given the following information: Fixed assets (net) $860,000 Long-term liabilities: $200,000 Total ...

Q: AMP Corporation (calendar-year-end) has 2019 taxable income of $1,900,000 for purposes of computing ...

A: Depreciation:- Depreciation referred as decreasing in the value of an asset on a regular basis until...

Q: 8. For the year ended, December 31, 2020, GERBERA Company estimated its allowance for uncollectible ...

A: For year ended 31.12.2020, GERBERA Company's Opening allowance for uncollectible accounts = P56000 P...

Q: Consider a firm with an EBIT of P552,000. The firm finances its assets with P1,020,000 debt (costing...

A: In this question, we have to calculate earnings per share, for which we have been given a capital st...

Q: XYZ Corporation, a U.S. parent firm, has a wholly owned sales affiliate, ABC Ltd., in the United Kin...

A: Under first question of XYZ Corporation,assuming  that you are asking about how the inter company tr...

Q: On July 1, 2020, FREESIA Company purchased the rights to a mine for ₱13,200,000, of which ₱1,200,000...

A: Tangible assets are depreciated where as intangible assets/ rights are depleted over the useful life...

Q: 6. On July 1, 2020, FREESIA Company purchased the rights to a mine for ₱13,200,000, of which ₱1,200,...

A: Answer 1) Given: Depletion base =₱13,200,000-₱1,200,000=₱12000000Salvage value =0      

Q: Problem 11-13 On January 1, 2019, Carmona Company purchased 10% bonds in the face amount of P3,000,0...

A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be so...

Q: QUESTION 26The section 6quat rebate only applies to residents who have included the following in the...

A: As per the guidelines, only one question is allowed to be solved. Please upload separate questions f...

Q: 1. What do you mean by process costing? Who uses process costing give the example of company with th...

A: Process costing is a method of costing which is mostly used by the companies which are engaged in ma...

Q: Wadi Aseeb Company produces curtains. The production budget in units for the next five months is: Ma...

A: Direct material purchase budget in the business shows how much quantity of raw material needs to be ...

Q: Journalize the following transactions: Washing Law firm started operations with $ 25,000 Purchased ...

A: Journal entries are the first step in recording accounting transactions. Then transactions are class...

Q: Provide a detailed example as to what might cause an auditor/audit firm to decline taking on a new c...

A: Audit engagement is the act done by auditor/audit firm to accept the audit of the new client.

Q: Terms of the partnership agreement: 1.1 The partners are entitled to a salary of R18 000 each ...

A: Finance cost refers to the cost incurred for the purpose of outside borrowing.  It may be short term...

Q: For a stationery item store such as Al-Fikr, would you recommend transactional market-based arrangem...

A: Transactional marketing refers to a business strategy that focus on single, “point of sale” transact...

Q: Q # 3 UT- Sports Company uses standard cost system. The cost data for various elements of cost for t...

A: ‘’Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for ...

Q: Are interest expense and accrued interest recomputed periodically individual who does not record int...

A: Interest expense : associate degree disbursal is that the value incurred by Associate in Nursing ent...

Q: 2.ONLY

A: Since you have asked multiple exercise, we will solve the first exercise for you. If youwant any spe...

Q: Pacific Rim Industries is a diversified company whose products are marketed both domestically and in...

A: Solution: (1). Segment income statement: Segment could also be geographical phase or business phase....

Q: The following account balances are those of Music Land Suppl- Accounts Receivahle 43 600

A: As posted multiple sub parts we are answering only first three subparts kindly repost the unanswered...

Q: The original cost for a distillation tower is $24,000 and the useful life of the toweris estimated t...

A: Findings from the question: Cost of distillation tower  : $24,000 Salvage value : $4,000  Interest r...

Q: Manufacturing firm developed standard costs for direct material and direct labor. In 2020, the Firm ...

A: Variable cost includes all costs that vary directly with the volume of output. That is, variable cos...

Q: Complete the Adjustments column of the work sheet represented below. Ending merchandise inventory is...

A: Solution:- Completion of the adjustment as follows under:-