How much is the share in the profit of associate in 20x1?

Q: 6. Compute gross wages due to each employee under federal wage-hour law: a. Nona is a salaried emplo...

A: Gross Wages: Gross wages are the representative's profit before expenses and derivation portions. It...

Q: m to sign an agreem

A: To find the correct option as,

Q: Maxwell Corporation wants to acquire a retail chain store, Good Way. After a few round of talks Good...

A: The acquisition of a business is done to expand the existing business and to take synergy benefit. T...

Q: ales Calculate contribution margin, break even point (€) and safety margin (€)

A: Solution Formula used    Contribution margin       = sales – variable cost Contribution margin ratio...

Q: The company uses a perpetual inventory system and has a highly labour-intensive production process, ...

A: Predetermined manufacturing overhead rate = Total estimated factory overhead / Total estimated direc...

Q: Common shares (no-par value; authorized 60,000 shares; outstanding 21,000 sha Contributed surplus Re...

A: Stockholders are the Persons of entities whom the company issues its ownership rights in the form of...

Q: Please describe the reporting of preferred stock consistent with the U.S. GAAP

A: Preferred stock is generally recorded at fair value and should be recognised on its settlement date ...

Q: On January 2, 2020, P Company acquired 80% investment in S Company. The acquisition cost was equal t...

A: Retained earnings are the accumulation of earnings of the company. Whereas, consolidated retained ea...

Q: 2. The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company an...

A: Lease is the facility available to the lessee to use the asset of the lesser and pay certain rentals...

Q: If Sprinkle Industries has a margin of safety ratio of 0.60 (or 60%), it could sustain a 60 percent ...

A: Margin of Safety Ratio is the level of Sales above the Break Even Point Sales. Break Even Point Sale...

Q: Using th we erage me Data for July: work-in-process inventory, July 1 (36,000 units): Direct materia...

A: Equivalent unit for production  

Q: Don Johnson is the management accountant for Cari-Blocks (CB), which manufactures specialty blocks...

A:

Q: Which of the following would be classified as a financing activity on a statement of cash flows? S...

A: Solution: Financing activity section of statement of cash flows reflects the net cash flows used to ...

Q: The premium on a two-year insurance policy expiring on June 30, 2015, was paid in total on July 1, 2...

A: Insurance expenses for the next 2 years have to be apportioned based on the number of months; so, in...

Q: Eagle limited is situated away from estableshed commuter routes and provides bus transport for its e...

A: A lease is recorded in the books of the lessee as the right to use asset and a lease liability is al...

Q: Accounting The following cash, credit stock purchases and returns were made RMIT Bookstore during Ju...

A:

Q: [The following information applies to the questions displayed below.] Lina purchased a new car for u...

A: Depreciation Deduction: It is necessary to understand the idea of depreciation in order to write off...

Q: On January 1, 20x1, ABC Co. sold transportation equipment with a historical cost of ₱12,000,000 and ...

A: Carrying amount of the receivable on January 1, 20x3 = Present value of annual instalment payable on...

Q: e the cost of goods manufactured:

A:     Direct Material used   $          120 Direct Labour  $          200 Manufacturing Overhea...

Q: Gloria Detoya and Esterlina Gevera have operated a successful partnership for years, sharing profit ...

A: The partnership comes into existence when two or more persons agree to do the business and further s...

Q: 28. A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day. The...

A: There are 3 golden rules in accounting for passing journal entries : 1. Debit what comes in , Credi...

Q: What is the main difference between debt and equity

A: Debt basically refers to the liability that the organization take to run their business activities s...

Q: Mundes Corporation uses the weighted-average method in its process costing system. The beginning wor...

A: Given that : Number of unit transferred and completed = 8,000 units  Material cost =$4 Conversion Co...

Q: 2. Gabriela Company’s auditor discovered that the company inadvertently overstated ending Inventory ...

A: Inventory means the goods in which the business deals. Inventory should be valued correctly  as it i...

Q: What percentage of the intercompany loss on plant asset sale should be used to adjust consolidated n...

A: Introduction: To present the Consolidated financial statement, the effect of transactions between th...

Q: Mercedes is assessing which of two windshield suppliersprovides a better environmental design for di...

A: Given as,

Q: QUESTION 9 Total Per unit Sales revenue (30,000 units) $750,000 25 Variable costs 450,000- 15 Contri...

A: Break Even Point refers to a Point there is no profit or loss. In other words Break even point means...

Q: faced by finance professionals:- a) Working as consultant or auditor: When a professional. . in publ...

A: In this question, some examples of conflicting interest that can be faced by finance professionals a...

Q: Example 2-17 Nancy Seigle earns a monthly salary of $3,100 for a 35-hour week. For overtime she rece...

A:

Q: Flowers Plc. owns a building that was acquired for £120, 000 on 1st July 2019. The year-end is on 31...

A: Formula: Straight line method = ( Asset cost - Salvage value ) / Useful life years

Q: The overhead cost per unit of Product A under the activity-based costing system is closest to: Grou...

A: The correct answer is $73.44.   Working Calculation of Activity rates Activity Cost Pool Activi...

Q: Required: When compared to variable costing income, Gem's absorption costing income is

A: Solution:- Given, Inventory for Gem's sole product totaled = 6,000 units and 5,200 units Manufacturi...

Q: What is the company's contribution margin per unit? (Round to the nearest cent.)

A: Company’s contribution margin per unit = $4200

Q: Units Cost Transactions a. Inventory, Beginning For the year: b. Purchase, March 5 c. Purchase, Sept...

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are allow...

Q: If the branch receives credit memo from the home office, the branch shall record it in its separate ...

A: Branch accounting is defined as an a accounting system in which separate accounts are kept for each ...

Q: 1.Compute for the units produced for the second quarter. 2.Compute for the units produced for the f...

A: Answer:-       Standard Pillow Neck Roll Units to be produced for the second quarter 7200 4850 ...

Q: ry on Feb. 1 $280,000 $435,000 Net sales

A: Closing Inventory is the stock at the end of the closing period held by the entity. Markup percent i...

Q: A person managing a dry- cleaning store for $ 30,000 per year decides to open a new one. The revenue...

A: It is given that : Revenue - $100,000 Expenses (in $) :supplies – 10000 Salaries – 35000 Rent – 8000...

Q: The following costs pertain to Bulacan Corporation’s only product Leather: Direct Materials P 10.00/...

A: Under throughput technique product cost consist of only direct material cost . All other cost will b...

Q: Two jobs were completed with total costs of $183,000 and $105,000 respectively. They were sold to th...

A: A manufacturing overhead cost variance refers to the difference between the cost budgeted during the...

Q: The following information pertains to Lacson Corporation defined benefit plan for the year 2022: Def...

A: The urealized gain or loss along with the other gain and losses accumulated in prior year is account...

Q: Analysis of Adjusting Entry for Supplies Analyze each situation and indicate the correct dollar amou...

A: Adjusting entries are those entries which are made at the end of period to match the income and expe...

Q: AB Company produces two Products: A and B. Product A has a contribution margin of $30 per unit. Prod...

A: Desired level of contribution = Fixed cost + Target operating income                               ...

Q: Don Johnson is the management accountant for Cari-Blocks (CB), which manufactures  specialty blocks....

A: Solution Manufacturing cost is the sum of costs of all resources consumed in the process of making a...

Q: URRENT RATIO 2.8 2.5 2.0 CID TEST RATIO 0.7 0.9 1.2 CCOUNTS RECEIVABLE TURNOVER 8.6 9.5 10.4 VVENTOR...

A: The question is related to Ratio Analysis. The dividend yield is calculated with the help of followi...

Q: Whenever a period is designated in an obligation, the said period shall presumed to have been establ...

A: Ans. Whenever a period is designated in an obligation, the terms specified reflects the benefits and...

Q: Bozo Company has total costs of $90,000 when it sells 20,000 units. If total fixed costs are $30,000...

A: The total cost of product= $ 90000 Total fixed cost= $ 30000 Total variable cost= Total cost- total ...

Q: Talent, a local HR consulting firm, has total partners’ equity of $764,000, which is made up of Hall...

A: A partnership is a kind of business structure in which two or more people agree to carry out commerc...

Q: Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gal...

A: The first step in accounting is a journal entry, which is used to record a business transaction in a...

Q: 31. The classifications of a lease by the lessee are operating and finance leases. operating, sal...

A: A lease is a contract that describes the terms under which one party agrees to rent another party's ...