ll be a tax

Q: This refers to the process of transferring the debit and credit amounts from the journals to the led...

A: The correct option in the given question is: POSTING   Journal entries are posted to ledger accounts...

Q: A chart of accounts is a(an) O Flowchart of all the transactions O Accounting procedure manual O Jou...

A: Solution 1: A chart of accounts is a list of all the accounts in the general ledger of a company. In...

Q: Will they be able to save enough in time

A: Saving the money is an art which will make the life of the person who saves the money into good beca...

Q: Prepare a production budget for both the second and third quarters that shows the number of transmis...

A: Production budget is the budget in lets the company to know well in advance about how much units mus...

Q: A corporation has an excess input VAT due to its excessive local purchases of goods and services. T...

A: Solution Vat is the consumption tax on goods and services that is levied at each stage of the supply...

Q: C purchases 80 percent of D. At the date of acquisition, D has revenue of P250,000 and expenses of P...

A: Pre-acquisition Earning: It is the retained earnings of a subsidiary that exist at the time of purch...

Q: On December 1, 2002, Blake Inc. signed an operating lease for a warehouse for ten years at $24,000 p...

A: The prepaid expenses are the expenses that are paid but not yet due for payment. Such payments are r...

Q: Nellie has paid $3358.46 in CPP this year. She makes $2800.00 per pay and is paid bi-weekly How much...

A: Some pension plans are exempt by tax authority to the certain level to encourage individuals to save...

Q: Assuming the government is selling a government bond to fight COVID-19, and at the same time, ASHANT...

A: Government bond refers to type of security or debt based financial instrument where the government t...

Q: A certain company has an annual fixed cost of $20 and the variable

A:                           In Marginal Costing we stress on contribution margin which we get by deduc...

Q: Part #5: E Company has budgeted sales revenues of $174,000 for May, $210,000 for June, $238,000 for ...

A: Given sales revenue for July = $238,000 Percentage of cash collected in month of sale = 55% Percenta...

Q: 23. In the absence of other revenue and gains and other expenses and losses, a merchandising company...

A: Net profit = Gross profit + non operating incomes - operating expenses - non operating expenses - ta...

Q: Givoly Inc. uses a periodic inventory system. At the end o the accounting records provided the follo...

A:

Q: The ABC Corporation was formed on January 1, 2017. The three initial owners each invested $400,000 c...

A: The transactions are firstly recorded in the books of original entries known as Journal. Any transac...

Q: 4. Sean Browne owns and manages a computer repair service, which had the following trial balance on ...

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...

Q: (b). Briefly discuss how a firm should choose its debt-equity ratio.

A: Debt- equity ratio is the ratio which measures about how much the firm is financed through the funds...

Q: Which is true regarding the Investment in Subsidiary Stock account? * [a] It is accounted for in...

A:

Q: The accountant at Fidel Trading has received the November 2010 bank statement. She immediately inves...

A: As per the requirement adjusted cash book , journal entry and bank reconciliation statement of Fidel...

Q: Please prepare journal entries for government-wide financial statements** (Select the appropriate fu...

A: Journal entry - It refers to the process where the business transactions are recorded in the books o...

Q: Book Value Cash and Receivables P30,000 Inventory Plant Assets (net) Current Liabilities Market Valu...

A: In preparation of consolidated financial statements, parents corporations eliminate/discard the effe...

Q: In a business combination - stock acquisition, difference between current fair values and book value...

A: Business Combination: In a business combination, the acquirer gets ownership of another company via ...

Q: A machine costs rs. 22,000 and it's salvage value after its useful life of 5 years is rs. 4,000. Ear...

A: Discounted cash flow method is an analysis used widely by the management to determine the profitabil...

Q: Read the problem and answer the questions worksheet 1. There are 1,000 iron bars in stock, and 1,500...

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: The accountant at Fidel Trading has received the November 2010 bank statement. She immediately inves...

A: Solution A journal is a company's official book in which all business transaction are recorded in ch...

Q: start

A:

Q: A business received cash of P30,000 in advance for revenue that will be earned later. The receipt  e...

A: Revenue earned  = P30,000 - P11,000 = P19,000   Unearned revenue has a credit balance of P30,000 bef...

Q: Electro Company manufactures transmissions for electric cars. Management reports ending finished goo...

A:   Budgeting for buying a new production facility refer as the production budget. This budget helps ...

Q: (The following information applies to the questions displayed below. a On October 1, the Business St...

A: Inventory is the amount of stock that the company has held for the purpose of selling it in the mark...

Q: Kaizen Furniture has the following information in respect to coffee tables for 2011: Production spec...

A: A budget is prepared with a view to estimate the revenues or expenses of the entity over a specific ...

Q: Ingredient A12H is a material used to make Calvin Corporation's major product. The standard cost of ...

A: Your journal entries may not be seen if you use accounting software or outsource your accounting, bu...

Q: Discuss the following topic(s) Discuss the internal audit functions in Malaysian public sector organ...

A: A public company is listed on the stock exchange whereas a private company is not. The main differen...

Q: Abigail Trenkamp owns and operates the Trenkamp Collection Agency. Listed below are the name, number...

A: Given: Trenkamp uses a weekly federal income tax withholding table. Social Security tax is withheld ...

Q: Peterson, Inc. purchased a machine under a deferred payment contract on December 31, 2001. Under the...

A: Given a specified rate of return, Present Value (PV) is the current value of a future sum of money. ...

Q: for Marvin Company revealed the following: Cost Mar. 1 Beginning inventory 1,090 $7.14 Mar.10 Purcha...

A: Average cost per unit = Total cost of goods available for sale / Total no. of units available for sa...

Q: A company manufactures and sells a single product. Budgeted data per unit of the product is:  $ per ...

A: The question is related to the Marginal Costing and Absorption Costing. The details for two period i...

Q: Use the following to answer questions 7– 17 During September, KC Company sells 730 mountain bikes fo...

A: Using FIFO method, older units are sold first and using LIFO method newer units are sold first. Cost...

Q: Exchange of Assets means an asset account increases and a corresponding claims (liabilities owners' ...

A: 1. It can be both true or false depending upon the cases.  Case 1: True When an asset is acquired on...

Q: hich is true regarding the Non controlling interest?  [a] It is accounted for in the subsidiary’s bo...

A: Solution Concept The consolidated financial statements is required to be prepared by the parent comp...

Q: Use the following to answer questions 18 – 21 BY Ic., begins the year with inventory of $36,500 and ...

A: Net sales = Sales - Sales returns and allowances Cost of goods sold = Beginning inventory + Purchase...

Q: Blue Spruce Distribution markets CDs of numerous performing artists. At the beginning of March, Blue...

A: Cost of goods sold = Cost of goods available for sale - Ending Inventory Average cost = Total cost /...

Q: A $5,000,000 bond is issued by Northern City to build a new hospital and the proceeds of the bond ar...

A: Revenue bonds are the bonds that are issued by a state or the municipality directly to the investors...

Q: what is the total amount of the loan?

A: The total amount of loan can be calculated using the present value formula. The present value of loa...

Q: A car's annual maintenance costs P18,000. If the cost of creating a forging is P90 and the selling p...

A:

Q: A debit side entry must have a corresponding credit side entry. The normal balance of an account ref...

A: Solution Debit and credit are used in company bookkeeping in order for its books to balance.

Q: The TopCar Industries manufactures and sells car components. The current annual sales volume is 500,...

A: In order to determine the net profit, the total expenses are required to be subtracted from the tota...

Q: urchase the interest by paying 126, 000 and no goodwill is to be recorded C. The partnership will pu...

A: As per Bartleby policy, only 3 interlinked questions are answered, therefore only till (c) the answe...

Q: What amount of pre-acquisition earnings is eliminated in the acquisition date worksheet elimination?

A: Since there is no revenue and expense of the acquire upto the date of acquisition.

Q: prises purchased equipment for... t for $75,500 on January 1, 2021. The equipment is expected to hav...

A: Solution Given Purchase cost 75500 Date of purchase January 1 2021 Residual value ...

Q: The Asian Transmission Co. produces certain items at a labor cost of P 115 each, material cost of P ...

A: Break even point is the point which shows the number of units required to sold to cover the company'...

Q: 3. Penelope purchased a $10,000, 8% quarterly bond, held it for five years, received twenty coupon p...

A: In this question, we are required to calculate Purchase Price of the Bond given that Bond value is $...