In what way is compensation similar to payment? Explain each by giving examples or cases that you know

Q: The equity section of CFAS Company revealed the following information on December 31, 2022:…

A: Contributed capital is a portion of an organization's total equity. It might be a separate account…

Q: B was an industrial partner. The Articles of Partnership required B that every week he will work for…

A: Partnership: It implies to a contractual agreement between two or more parties who agrees or gives…

Q: ovides 60% of the cost ides for all twelve mon lowest possible income

A: To find the correct option as,

Q: In 2021, a company issued 6% bonds with a maturity value of P40,000, together with 1,000 shares of…

A: Increase in share premium as a result of this transaction will be Amount allocated to ordinary…

Q: 19. Odette has a base monthly salary of S1,500 and earms a 5% commission on all sales she makes at…

A: The commission income has been calculated as follows: Commission income=Total income-Salary income…

Q: Read the case study below and answer the questions that follow. Hendry Limited produces a…

A: Calculation of product costs under absorption costing: Direct materials                   12.00…

Q: A company estimates that a certain piece of machinery will have to be replaced in five years' time…

A:

Q: 9. Which of the following items would be excluded from current liabilities? Group of answer choices…

A: According to IFRS, a liability is classified as ‘current’ if it meets any of the following…

Q: SG Company is bankrupt and has undergone corporate liquidation. Presented below is its statement of…

A:

Q: Initially, a foreign currency transaction shall be recorded by applying The spot exchange rate at…

A: Foreign currency transaction are the transaction which conducted in a currency other than the local…

Q: The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for…

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

Q: 35.On March 1, 2021, a company issued 1,000 shares of its P20 par value ordinary share and 2,000…

A: Disclaimer: "Since you have asked multiple question we answered first question for you if you want…

Q: Determine the total amount of various types of costs. E2.21 (LO 1) Excel Caroline Company reported…

A: manufacturing cost are also known as production or overhead cost that has mainly related to the…

Q: G is a capitalist partner. He was able to contribute P500,000.00 for the benefit of the partnership.…

A: Partnership is an agreement between two or more persons who carries their business operations…

Q: 2. The following are the common sources of share premium, except Group of answer choices a. Excess…

A: Share Premium is the amount received that is in excess of the par value of the stock. Sometimes it…

Q: Nicanor is a resident doctor of ABC Hospital. At the same time, he operates his own clinic. ABC…

A: Nicanor is resident doctor of ABC Hospital .  He is employee of the…

Q: On October 1, 2021, a company declared to its shareholders a property dividend in the form of pieces…

A: Note :- In case of property dividend, fair value on the date of declaration is considered for all…

Q: The net income reported on the income statement for the current year was $116,600. Depreciation…

A: Lets understanding the basics. Cashflow are divided into three type of activities which are, (1)…

Q: Pangasinan Company acquired 80% of the outstanding shares of Sorsogon Company on May 31, 2022.…

A: There are two companies which are used for preparation of consolidated financial statements. One is…

Q: In translating a foreign subsidiary's financial statements, which exchange rates does the current…

A: Introduction:- As per U.S. GAAP the current rate method is required for translating (assets and…

Q: The total cash receipts have to be put in the final part?

A: The cash receipts means the amount of money received either through cash mode or bank.

Q: On December 31, 2021, the company presented the following information: Ordinary share capital, P50…

A: A quasi-reorganization is a relatively obscure provision under GAAP, which states that under certain…

Q: Allocating Joint Costs Using the Weighted Average Method Sunny Lane, Inc., purchases peaches from…

A: The question is related to allocation of Joint cost to product. Joint costs are the expenditures…

Q: Every partner may do acts of administration if there was no designated managing partner in the…

A: Partnership is an agreement between 2 or more person who are called as partners, agree to start and…

Q: Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for…

A:

Q: When translating the financial statements of an entity from its functional currency to its selected…

A: Translation from the functional currency to the presentation currency (IAS 21) The results and…

Q: Additional Information: ·         The 10% bank note payable is Issued on January 1, 2025, payable…

A:

Q: 4. Accounts receivable turnover fill in the blank 4 5. Number of days' sales in receivables fill in…

A: Solution:- 4) calculation of accounts receivables turnover ratio as follows under;- definition:-…

Q: Statement of Realization & Liquidation of Riverdale is presented below: ASSETS: Assets to be…

A: Stockholder's equity is calculated using the formula of ending cash balance. The ending cash balance…

Q: What’s the difference between accounts payable and receivable?

A: If you use the accrual accounting system, you will have to deal with accounts receivable and…

Q: Compute the common-size income statements for the 2017-2020 periods

A: Common size income statements is the income statement which is prepared by the company with the aim…

Q: Service volume for the coming budget year will be 10,000 units per week of service type 1 and 20,000…

A: Lets understand the basics. Gross revenue is revenue earned with out considering any bad debt. On…

Q: Thank you, how did you get the Adjusted Production Volume Variance?

A: Production Volume Variance = It helps the businesses to assess their performance and how much they…

Q: Hours Wait time 19.5 Process time 2,3 Inspection time 1.3 Move time 3.2 Queue time 10.3

A: Formula: Delivery cycle time = Wait time + Throughput time.

Q: A company sold 8,000 units of its signature product for the calendar year ended December 31, 2020.…

A: The ending balance of Provision for warranty will be equal to beginning balance of Provision for…

Q: The stockholders’ equity of A Company at the end of 2023 and 2022 are as follows:   2023 2022…

A: To calculate the issue price per share of preferred stock, firstly we need to calculate the no. of…

Q: CASE 1. The Philippine corporation purchased merchandise from a US firm for USD$15,000 on November…

A: Disclaimer : We have solved 3 sub parts, if you want to resolve it further, please resubmit it with…

Q: Sheridan's Repair Service uses the straight-line method of depreciation. The company's fiscal…

A: In the books of Sheridan’s Repair Services : JOURNAL ENTRIES  DATE  ACCOUNTS TITLE  DEBIT…

Q: 21. In 2021, Dan Davis, age 85 and single, received Social Security benefits of $14,000, dividend…

A: The social security tax is the tax that is collected by the government for the benefits given to the…

Q: 1. Parent Company issued 75,000 new shares of its P5 par value ordinary shares valued at P12 per…

A:

Q: Q.1:A company purchased equipment on November 1, 2019. Equipment was used 300 hours in 2019, 2800…

A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…

Q: 1. How much is the income recognized upon receipt of share rights? a. P0  b. P10,000 c. P20,000  d.…

A: On April 5. 2020, Paul Company purchased P50 par, 10,000 ordinary shares of George Company at P80…

Q: Nafari Company's sales budget has the following unit sales projections for each quarter of Year 4:…

A: Production Budget: Production budget is usually based on the sales budget and the desired inventory…

Q: What’s the difference between accounts payable and receivable

A: You will have to deal with accounts payable and receivable if you utilise the accrual accounting…

Q: 25. Corp. A purchases and pays 100% of the premium cost for life insurance on all of its employees.…

A: Since Corp A, the employer provides the insurance for all its employees, it can be assumed to be a…

Q: When the equity shares are issued for noncash consideration, the share capital is recorded at an…

A: Solution:  When the equity shares are issued for noncash consideration, following are priority to…

Q: How would non-financial performance indicators help to improve the performance of the company?…

A: Introduction: In its most basic form, non-financial performance metrics give information on a…

Q: . If an entity declares a small share dividend, what amount shall be debited to retained earnings?

A: Solution: There are two type of share dividends as under: 1. Small share dividend (20-25%) 2. Large…

Q: AGL Inc. provided the following data related to the direct labor costs for the current period Rate…

A: The variance is the difference between standard and actual data of production.

Q: The management of Unter Corporation, an architectural design firm, is considering an investment with…

A: The payback period is the time to recover the cost of investment.