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Q: How much is the net increase in the shareholder's equity of the above transactions?

A: As per our protocol we provide solution to the solution to the one question only but as you have…

Q: Squabb Corporation issued a $12,000,000, 5-year bond, with a contract rate of 8%. The market rate of…

A: The bonds are the financial instruments for the business which are used to raise money from the…

Q: Below are the actual overhead and actual activities for the three (3) production departments at…

A: Overheads are operating costs of a business which can not be directly traced to a particular unit of…

Q: The following are examples of related party transactions except * a. Extending credit to officers…

A: Related party transaction (RPT): It implies to the transactions or events that takes place between…

Q: Sales (18,000 units) Variable expenses Contribution margin Fixed expenses $ 360,eee 144,000 216,000…

A: Formula: Contribution margin ratio = ( Contribution margin / Total Sales ) x 100

Q: Cebu Branch submitted the following data to its home office in Manila for 20x1, its first year of…

A: Computation of gross profit Sales - (shipments from home office - ending inventory) P2300,000 -…

Q: Explain how a scatter graph is used to identify and measure cost behavior.

A: Scatter Graph Scatter graph is a graphical technique used to separate fixed and variable components…

Q: Company provided the following information on January 1, 2019: Vehicle cost 5,000,000 Useful life in…

A: Depreciation represents the reduction in the value of an asset over a useful life of the asset. It…

Q: Required: Prepare comparative statement of income and retained earnings.

A: Answer:

Q: On May 1, 20x1, ABC Inc acquired most of the outstanding shares of XYZ Co for cash. The incomplete…

A: Goodwill is the intangible asset that is reported on the balance sheet of the company. It shows the…

Q: True or False: Property dividends affect both the investment in associate account and the investment…

A: Property dividends affect both the investment in associate account and the investment income…

Q: Levi Co. is calculating earnings per share for inclusion in the annual report to share holders. The…

A: Diluted Earning Per Share: The diluted earnings per share (diluted EPS) of a corporation is…

Q: is a distributors of fresh good and vegetables. It currently has 15 warehouses in the US from which…

A: Companies maintain inventory to service to customers but these inventories have cost to carry so…

Q: Calvin reviewed his canceled checks and receipts this year (2021) for charitable contributions,…

A: Charity - Charitable Contributions ( up to 60% of AGI)    Paid (by cash/check or charged on credit…

Q: financial position as of Decembér 31, reporte a liability of P1,066,986, net of current portion.…

A: lease Liability as on 31.12.20x1 = 1066986 lease Payment = 200000 Incremental Borrowing rate - 11%…

Q: 3. Ayers Company reports the following standards for direct materials for the year: Standard cost…

A: The practice of reviewing your project's financial performance is known as cost variance. The cost…

Q: Bramble Company purchased equipment for $15600 on December 1. It is estimated that annual…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: each

A: Annual depreciation = P123,000 / 3 years = P41,000   Earnings before Depreciation Year 1 P49,120…

Q: 2. On your mother's birthday, you bought her a new iPhone from Best Buy. Assume that you mad your…

A:

Q: On January 1, 20x8,Parent Company purchased 80% of the outstanding shares of Subsidiary Company for…

A: Non-controlling interest refers to those shareholders that hold less than 50% of the shareholding of…

Q: On July 1. 2022. Damlen Jurado Company pays $12.000 to its insurance company for a 2-year Insurance…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: ASSETS EQUITIES P 500,000 1,500,000 Current assets Current liabilities P 200,000 Long-term…

A: Return on Current Assets = 7% Return on Fixed Assets = 16% Cost of Current liabilities = 2% Cost of…

Q: Wooden Grain Co. has organized a new division to manufacture and sell specially designed tables for…

A:

Q: Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has…

A: The question is related to High-low method of segregation of Cost into Variable cost  and Fixed cost…

Q: he year for a selling price of $26 each—These items cost $16 each and had $2 of variable selling…

A: The income statement is one of three basic financial statements that describe a company's financial…

Q: Carla Vista Lighting had a beginning inventory of 18 units at a cost of $7 per unit on August 1.…

A: Solution: Under FIFO method of inventory costing, inventory purchased first is considered as sold…

Q: Jimmy, Matt, and Jay are in the process of forming a partnership. According to their partnership…

A: An active partner is a person who is indulged in the daily working operations of the partnership…

Q: Ricardo Aninang established business on April 1,2017 and invested P5,000 cash and a building valued…

A: Every transaction has dual effect. The total of assets is always equal to the total of liabilities…

Q: On January 1, ABC Acquired 60 percent of the outstanding voting stock of XYZ for P301,500 cash…

A: Assets: Assets are the company's financial resources from which they reimbursed all the company's…

Q: Which of the following statements regarding valuation discounts is CORRECT? The blockage interest…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: By-products are Select one: a. not sufficient alone, in terms of sales value, for management to…

A: Bartleby policy: As per Bartleby policy if multiple questions are given then we are allowed to do…

Q: Amazon.com, Inc. (AMZN) is the largest Internet retailer in the United States. Amazon's income…

A: Vertical analysis is a method of analyzing financial statements that lists each line item as a…

Q: When the estimate of an asset's useful life is changed, select the false statement a. depreciation…

A: Depreciation refer to fall in the value of asset every year. It is an accounting word that refers to…

Q: Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has…

A: High low method: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest…

Q: Judy Company uses the retail inventory method to approximate its ending inventory. The following…

A: Introduction inventory refers to current assets of company and are goods and services that helps in…

Q: insurance premiums this year). Flower had $5,000 of accumulated E&P at the beginning of the year.…

A: Capital gain refers to the sum value of profit earned by an entity by selling his/her asset in the…

Q: Martin Jackson receives an hourly wage rate of $15, with time and a half for all hours worked in…

A: Formula: Net Amount = Gross Amount - All deductions.

Q: Prepare the JOURNAL ENTRY to record the transactions of DALISAY Tailoring Shop for the month of…

A: Journal Entries             Date Account Titles Debit Credit         1-Jan Cash Dr.…

Q: E12-15 Nan Fuentes has been operating an apartment-locator service as a pre prietorship. She and…

A: Complete Answer is Given Below with required explanation.     Assets should be recorded at current…

Q: ArtyFarty Ltd. manufactures handmade, individually painted clay plates. These plates are sold to…

A: Costs are the expenses required to create and sell a product or service, or to acquire an asset.…

Q: An individual, who is a real estate dealer, sold a residential lot in Quezon City at a gain of…

A: The question is related to taxation

Q: SBD Phone Company sells its waterproof phone case for variable costs are $36 per unit. Costs total

A: 1) Contribution margin per unit = Selling price - Variable cost per unit Contribution margin per…

Q: have what effect on his net income for 2021?

A: Answer :- Taxable income of Parviz will be increased by $300 in the year 2021. Please refer the…

Q: Feb. Billy Bob began selling T-shirts to the kids and parents. Billy pays cash for 50 T- shirts at…

A: Journal entry refers to the primary record of transactions and events that supports as a base for…

Q: Branch No. 1 should a. not be dropped due to foregone over-all income of P 350,000. b. be dropped…

A: In this case all the fixed costs are avoidable by closing down the branch except a salary cost of…

Q: Effects of transactions on accounting equation

A: Accounting Equation: Assets = Liabilities + Stockholders Equity

Q: Sellers Computer is a leader in the computer industry with over $59 billion in sales each year. A…

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

Q: On January 1, 20x1, DOC WILLIE Company acquired equipment from Catanduanes Factory Supplies with an…

A: Note: As per the norms of Bartleby, in case of many independent questions, 1 question can be…

Q: S1: It is more advantageous and beneficial to the insured if there are more riders included in the…

A: Rider in insurance industry is an additional benefit given to the insured for the enhancement of…

Q: On December 31, 2021, PACMAN Co. has accounts payable of ₱ 5,000,000 before after adjustment for the…

A: Adjusted Accounts Payable: You must make an adjusting item in your general journal at the conclusion…