He is looking for expanding the business operations to another City called Surat in Gujarat. He is confused on which form of accounting to be used so that he can decide well on ce

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A: Dear student, as per bartleby guidelines we are supposed to answer only first 3 subparts, kindly…

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A: Management accounting is a branch of accounting in which accounting and financial information is…

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A: In the context of the given, Steve has faced confusion that how to organize a start-up business. he…

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A: A professional code of ethics outlines the ethical principles that check behavior and decisions at a…

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Q: Assume you are a newly appointed accountant in a local fashion Company named Al Rahim clothing…

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A: Contribution Margin=Revenues-Variable Cost

Q: Steve Osbourne is considering opening a business, but the major decision faced is how to organize…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: Assume you are a newly appointed accountant in a local fashion Company named Al Rahim clothing…

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Q: You have recently become Head of Finance at Bhawan & Company, a company which provides catering…

A: Relevant facts :- In previous employment with Asama & Company has provided you with information…

Q: Assume you are a newly appointed accountant in a local fashion Company named Al Rahim clothing…

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A: The answer for the given practical question is presented hereunder :

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Q: What is threat associated with this case

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A: Answer a) Total explicit cost =Cost of product and services sold + Selling expenses+ Administrative…

Q: Steve Osbourne is considering opening a business, but the major decision faced is how to organize…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: Specify the threat associated with this case?

A: There are various threats in professions . These are:  1.self Interest threat  2. Self review threat…

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Q: How do you manage the situation?

A: There are various threats involved in professions . These are :  1. Self interest threat  2. Self…

Q: Assume you are a newly appointed accountant in a local fashion Company named Al Rahim clothing…

A: a. Income Statement reports revenue, expenses ,profits and losses of the firm. It is a nominal…