Is Share Dividends qualify as Revenue?

Q: Part 2 of this problem the I can not see from tutor?

A: In this question, we have to allocate each activity under ABC(Activity Based Costing)  

Q: How long will P150 400 grow to P200 000 at 4 3/4%? (A 6.94 years (B) 7 years (c) 6 months (D 0.69 ye...

A: Present value (PV) = P150400 Future value (FV) = P200000 Interest rate (r) = 4 3/4% = 4.75% Period =...

Q: Hao Corporation had the following transactions during the current period. Mar. 2   Issued 37,000 c...

A: The company can raise funds by various methods. Some of them are, by way of issuing common stock, is...

Q: The December 31, 2024, adjusted trial balance for Badger Corporation is presented below.   Account...

A: BADGER CORPORATION Income Statement For the Year Ended December 31, 2024 Service Revenue    $ ...

Q: A manufacturer uses machine hours to allocate overhead cost to products. Budgeted information for th...

A: Solution Formula for overhead allocation rate =total overhead /allocation base Given Budgeted ov...

Q: Gr Canr

A: The total inventory value is given below:

Q: The following is information for Novak Corp. for the year ended December 31, 2020: Sales revenue ...

A: Net Income - It the balance remain after deducting the amount earned by the company from the expense...

Q: nts payable at 31 December ales 1,200,000 8,500,000 prmation: n the physical count were tools billed...

A: Inventory : (1) Inventory consist of total of three components. (2) Raw material, Work-in-process an...

Q: Adequate disclosure in financial statements to meet the needs and purposes of their users is a means...

A: Financial statements are the reports that are to be prepared by the entity in order to disclose its ...

Q: X Company's Job AAA manufactured 12,000 units that were completed in April at unit costs presented a...

A: Spoiled loss is  considered as normal so. Cost of spoiled units shall be part of total cost.Calculat...

Q: Brought additional capital into the business Deposited into bank Purchased goods and paid by cheque ...

A: Comment- Multiple Questions Account- A T-account is a graphical depiction of the balance of accounts...

Q: A Initial Cost + Installation $25,000 $15,000 Uniform end of year maintenance $2,000 $4,000 Overhaul...

A: As per IAS 16, Property plant and Equipment  Overhaul cost are to be capitalized to cost of asset wh...

Q: The processing of Salvation Company's manufacturing passes through two departments, Department 1 and...

A: According to the question there are requirement to find the following things: in Job IABF:   1. In D...

Q: QUESTION 2 (CHAPTER 3) A Umar and Osman manufacture and sell energy drinks. The drinks are sold for ...

A: *As per bartleby guidelines, in case of interlinked question answer first 3 only Fixed Cost - are th...

Q: Lampierre makes brass and gold frames. The company computed Brass Gold Units Planed 700 150 Material...

A: Calculation of allocation rate per unit in both traditional and activity based costing method are as...

Q: Write at least 3 examples of the following 1. Sole proprietorship 2. Partnership 3. Corporation

A: Sole proprietorship: A sole proprietorship is a business organization is established for doing busin...

Q: Using the Allowance method supply the journal entries to bring back the written off Account Receivab...

A: Allowance method is the method which is usually created when there is doubt by the company that the ...

Q: Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accept...

A: Direct cost is the cost that is directly involved in the production process of the company that incl...

Q: Honesty Company uses standard costing for each specialized product.  The following information is av...

A: Labor efficiency variance = (Actual hours worked - Standard hours allowed) x Standard rate per hour ...

Q: On May 1, 2021, BB received a 3-year, P1,200,000 note receivable due on April 30, 2024. The note was...

A: INITIAL RECOGNITION OF NOTE AS ON 1 MAY, 2021 = 1200000 * Present value annuity factor  7%  for 3 ye...

Q: . Assume that 50,000 units are put into production for Job 101 and the total cost of production was ...

A: Management considers spoilage to be normal to the general production process and includes normal spo...

Q: xplain the general similarities AND differences between GAAP and IFRS.

A: Discussion of general similarity and difference between GAAP and IFRS are as follows

Q: What is the rate of interest if P40000 earned interest of P1200 in 140 days? (А) 2% (в) 7.82% c) 7.7...

A: Principal amount = P40000 Interest amount = P1200 Period = 140 days = 140/365 = 0.383561643835616

Q: n December 31, 2021, Park Company sold used equipment with carrying amount of 2,000,000 in exchange ...

A: Solution Given Annual payment 500000 Number of years 10 years Note issue date Dece...

Q: The Corrigan Corporation’s 2015 and 2016 financial statements follow,along with some industry averag...

A: Solution Accounting Ratios are a group of metrics used to measure the efficiency and profitability o...

Q: hen John Conrad, Inc., merged with Nill Men’s Suits Inc., John’s employees were switched from a week...

A: Solution Weekly payroll 750000 Before merger payment Weekly After merger payment B...

Q: The Fly Company provides advertising services for clients across the nation. The Fly Company is pres...

A: The question is based on the concept of Cost Accounting.

Q: using the Post-Closing Trial Balance of Dela Cruz Law Office. DELA CRUZ LAW OFFICE POST-CLOSING TRIA...

A: The balance sheet represents the financial position of the business with assets and liabilities on a...

Q: Maris Bank has analyzed the accounts receivable of Anthony Software, Inc. The bank has chosen eight ...

A: Calculation of maximum amount lend and effective annual rate of anthony softwere are as follows.

Q: LABAN Company provided the following shareholders’ equity on December 31, 2020: Preference share cap...

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

Q: Buffalo Limited has the following information available regarding its share capital at December 31, ...

A: The dividend represents the distribution of proot among the shareholders of the company. It is consi...

Q: The following accounts with debit balances are induded on the year end trial balance of Dak, Inc Pre...

A: Advertising expense applicable to future periods is $ 3,000.  It means out of prepaid advertising ($...

Q: d $15,000

A: Note 1. There will not be any treatment to use $24,000of village current financial resources as that...

Q: n the Accounts Receivable account as at Jan 1st, 2010 was $133,000. The company completed the follow...

A:

Q: On december 31, 2017, Precious Company sold an equipment with carrying amount of 2,000,000 and recei...

A: Solution Given Annual payment 500000 Number of years 10 years Note issue date Dece...

Q: BE5.2 (LO 1), AP The following are the components in Gates Company's income statement. Determine the...

A: Gross profit is an excess of revenue over the cost of goods sold and operating income is the remaini...

Q: The 1-year and 2-year zero rates are 4% and 6% per annum with quarterly compounding. (a)  What is t...

A: The formula for converting discrete compounding into continuous compounding is given below:- Rc = m....

Q: Beginning 1/1/2018, for individuals with purely gross compensation income, the following may not be ...

A: Aliens, whether residents or not, who are receiving only salary or compensation income are not allow...

Q: Is conceptual framework for Financial Reporting Necessary? Discuss

A: The conceptual Framework sets out the basic ideas for money reportage that guide the Board in develo...

Q: system.  In March 2022, it finished 10,000 pieces for a customer at a cost of P50.00 per unit for di...

A: in costing the job order costing takes into consideration the cost and revenue that are associated b...

Q: ldn’t be back in the office until next week. As he put the  receiver down, he thought maybe things w...

A: The answer has been mentioned below.

Q: during 2022, P23,000 Accounts receivable at 12/31/22, P375,000 Uncollectible accounts recovered du...

A:  Allowance for uncollectible accounts is an estimate of the uncollectible for accounts receivable . ...

Q: Kunkel Company makes two products and uses a conventional costing system in which a single plantwide...

A: UNIT PRODUCT COST is the cost of one unit of a product. It includes the direct and indirect costs.  ...

Q: Present the journal entries for the following dates/transactions. May1,2007—Inception of futures co...

A: Sl No Account head Debit Credit 1. No entry             2. Unrealized Loss          2,000.00  ...

Q: AA Company maintained cash in bank at Lunar Bank. This account is used for disbursement to various s...

A: Introduction cash is a liquid asset and legal tender  that is used to exchange of goods ,services an...

Q: What interest was earned if P500 500 is invested at 10 1/2% from October 20, 2019 to March 20, 2020?...

A: Solution: Amount invested = P500,500 Interest rate = 10.5% Period invested = Oct 20, 2019 to March 2...

Q: Webb Company uses a job-order costing system and the following information is available from its rec...

A: Balance in work in process inventory at the end of the period will be the total cost of job #13 as i...

Q: Rancho Cucamonga Inc. established the following direct materials and direct labor standards for its ...

A: Given that standard price = $6 per hour Actual quantity = 10 x 3 hour = 30 hour

Q: Hilarious Company provided the following data pertaining to machinery on the date of revaluation: C...

A: 1) Revaluation increase = 7,200,000 - (4,500,000 - 900,000)     = 3,600,000 2) Carrying amount = 7,2...