journal
Q: Ordinary shares and Preference Shares
A: Ordinary shares and preference shares are different classifications of shares issued by a corporatio...
Q: Shyam is a participant in a SIMPLE § 401(k) plan. He elects to contribute 4% of his $40,000 compensa...
A: ANSWER Deferred compensation is defined as a process in which a part of a worker's income is actua...
Q: A company has five product lines, one of which has Fixed expenses of $173,657 and a Net loss of $40,...
A: Segment Reporting; When a company's operating segments are reported in the financial statements that...
Q: a. On December 31, 2011, NFL restructured its Note Payable with face value of P2,000,000 and interes...
A: As per our protocol we provide solutions only to one questions but as you have asked multiple questi...
Q: Anticipated sales for Safety Grip Company were 48,000 passenger car tires and 14,000 truck tires. Ru...
A: Passenger tires pounds required for Rubber = 48,000 passenger car tires x 32 lb. per unit = 1536000 ...
Q: Perdue Company purchased equipment on April 1 for $86,670. The equipment was expected to have a usef...
A: Given that, cost of the asset = $86670 The useful life of asset = 3 Years total operating hours = 70...
Q: Show and contrast how return on investment and residual income are used to evaluate the performance ...
A: ROI (return on investment = ( Net Profit / Cost of the investment) X 100 Residual income = o...
Q: nprehensive Problem 1: rollowing is a comprehensive problem which encompasses all of the elements le...
A: Journal Entry for the transaction on May 3 is given below
Q: Under an operating lease, the lessee recognizes a ____________ when the aggregate rental payments is...
A: Introduction: Operating lease: The ownership of the Asset cannot be transferred under operating leas...
Q: If CDS spreads widen, does that increase, decrease, or have no effect on the credit spread of a corp...
A:
Q: Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, ...
A: Direct materials purchase budget would include the quantity of material to be purchased for each typ...
Q: The net profit this year is decreased by 10% due to the pandemic. How much was the net profit last y...
A: Solution: Current year profit = 90,000 Decrease in profit in current year = 10%
Q: On January 1 2019, Sunrise Company is experiencing extreme financial pressure and is in default in m...
A:
Q: Income fr
A: Assumptions :- 1] From t...
Q: Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates...
A: Unadjusted balance of Allowance for doubtful accounts = $2,400 - $1,800 = $600 Bad debt expense = ...
Q: BLUE INC. has provided the following data for its two most recent years of operation: Selling pri...
A:
Q: Carlos Consulting Inc. provides financial consulting and has collected the following data for the ne...
A: Material Loading Charge = Total estimated material costs*Profit margin on materials + Supply clerk’s...
Q: Auditors of both public companies and private entities _______. A. have a responsibility to re...
A: Solution: Auditors of both public companies and private entities "have a responsibility to report i...
Q: James states, “While the Sec. 199A qualified business income deduction is a deduction for individual...
A: Answer: Yes, and the rationale the Congress used in enacting Sec.199A is as follows,
Q: Christine is a single 50-year-old taxpayer with no dependents. Her only income is $40,751 of wages. ...
A: Taxable income is the income of a business that is liable to taxation. Different economies define ta...
Q: Your client left the cash receipts journal open after year-end for an extra day and included January...
A: If the cash receipt of Jan 1 next year is included in the current year 31/12 cash receipt journal an...
Q: Offenbach & Son has just made its sales forecasts and its marketing department estimates that the co...
A: Budgeted production in units will be equal to estimated sales plus desired ending inventory minus be...
Q: 5. The total sales this year is ₱1,200,000, which resulted from an increase in sales for 10%. How mu...
A: SOLUTION- SALES IS 1200000 WHICH WAS RESULT IN 10% INCREASE IN SALES FROM LAST YEAR .IT MEANS ITS ...
Q: 11.Bonnie owns a hardware store. During the year, Bonnie gives business gifts having the indicated ...
A: 11.Bonnie owns a hardware store. During the year, Bonnie gives business gifts having the indicated ...
Q: What do the accounting equation's elements entail? Give an explanation.
A: Accounting equation: An accounting equation is a tool that creates a link between a company's resou...
Q: Services performed (developed technology platform) $40,000 Contributed computer and peripheral equip...
A: Even if all donors of cash + property have 80% or more control over the transaction is it a non-taxa...
Q: On February 1, 2019, Edwards Corporation purchased a parcel of land as a factory site for $100,000. ...
A: Solution:- Calculation of the amount should Edwards record the cost of the land and the new building...
Q: Carleigh, Inc., is a pork processor. Its plants, located in the Midwest, produce several products fr...
A:
Q: i just need answer please quickly thanks !!!1 true or false 5 Assume the following merchandise t...
A: Daimler-Benz builds a $100,000,000 auto manufacturing plant in Virginia, current account will incre...
Q: Problem 17-5A Comparative ratio analysis LO P3 Skip to question [The following information appli...
A: Ratio analysis shows the interpretation of financial statements of the company by year on year compa...
Q: 2.5 With the aid of examples, highlight the differences between the following terms: Authorized an...
A: SOLUTION- SHARE CAPITAL IS THE MONEY A COMPANY RAISES BY ISSUING SHARES OF COMMON OR PREFERRED ...
Q: Gilbert Company made an ordinary repair to a delivery truck during 2020 at a cost of $500 and capita...
A: Ordinary repairs to truck should be booked as expense in accounts. Amount spent on Major overhaul on...
Q: Prepare a partnership Deed for a partnership business consisting of you and your family members
A: the deed of A,b and C is given below
Q: The following comparative income statement (in thousands of dollars) for two recent fiscal years was...
A: Here in this question, we are required to prepare vertical analysis of income statement. Management ...
Q: How do you define an accounting information system and what are its components? Give an example.
A: Introduction: The journal book will have a chronological record of all transactions in the organizat...
Q: Required: 1. Assume that the company's income tax rate is 30% for all items. Compute the tax effects...
A: Solution:- Computation the tax effects and after tax amounts of three items labeled pretax as follow...
Q: Depreciation, insurance, and property taxes represent $33,000 of the estimated monthly expenses. The...
A: Cash budget means expected cash receipts and expected cash payment with opening and closing cash bal...
Q: A company has invested assets of $3,500,000, total sales of 30,000 units and a desired ROI per un...
A: Total desired return = invested assets x ROI = $3,500,000 x 20% = $700,000
Q: ation will such be a Property, plant, and lotes payable
A: Sr No. Particulars Type of Account Type of organisation 1 Property, Plant & Equipment Fixed A...
Q: At December 31, 2020, the available-for-sale debt portfolio for Sheridan, Inc. is as follows. Unreal...
A: Explanation: In the Question the following Information is given: Sheridan reports Net income in 2020...
Q: Explain what it means to manage, define accounting, and discuss the nature and purpose of accounting...
A: Introduction: Accounting is concerned mainly with recognizing, documenting, measuring, and summarizi...
Q: Flyer Company has provided the following information prior to any year-end bad debt adjustment: • ...
A: SOLUTION- WORKING NOTE- CALCULATION OF BAD DEBT EXPENSE = CREDIT SALE * PERCENTAGE OF BAD DEBT ...
Q: The Casings Plant of Wyoming Machines makes plastics shells for the company's calculators. (Each cal...
A: Total targeted production: = Total sales + desired ending inventory - beginning inventory Material t...
Q: An Internal control questionnaire indicates that an approved receiving report is required to accompa...
A: An internal control questionnaire is a document that an auditor delivers to a company's staff prior ...
Q: The trial balance below relates to Prudential Commercial Bank as at 31st December, 2019. GH₵ GH...
A: Reserve: Reserve is the profit which is put it back into the business and reduces the amount of pro...
Q: Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur i...
A: 1. Silver company Schedule of Expected Cash Collection Particulars April May June Total Col...
Q: below: > In the first case, ECO Inc. prevailed based on the decision of the Supreme Court which orde...
A: Contingent Asset : 1. A possible asset that arises from past events and whose existence will be conf...
Q: Current Rate Range (do NOT use introductory rate) Annual Financial Institution Card Type Bonuses or ...
A: Following points to be seen before choosing Credit Card: No annual fees,therefore American express ...
Q: Coleman Company has provided the following information: beginning inventory, $100,000; cost of goods...
A: Formula: Ending inventory= beginning inventory + Purchases - cost of goods sold
Q: How do bond ratings and interest rate spreads on bonds differ? Which measure is considered by many i...
A: Bond rating is a categorization provided to fixed income instruments by approved agencies that aids ...
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- Critically explain why online purchase is not safe for the customer. What step do you take to check and the security of the site and the legitimacy of the companies from whom you make a purchase online?How do you journalize entries on FOB shipping and FOB destination?What is the difference between a Manual and a Computerized accounting system? What is e-commerce and how would e-commerce improve the revenue/ collection cycle?
