Please solve the missing figures
Q: Solve this question all subparts correctly definitely we upvote you.
A: Calculate the bank’s capital ratio before the agreement as shown below: Hence, the bank’s capital…
Q: ETUAL -ad the ries anc
A: Date Details Debit Credit 2/2 Purchases Expenses A/C Dr. To Accounts Payable 15000…
Q: Use the information given to fill out missing boxes correctly
A: The closing entries are prepared to close the temporary accounts of the business.
Q: What is accounting explain briefly?
A: Accounting is a broad term and it also has many branches like Cost accounting, Management…
Q: kindly solve part-b.
A: (b) Positive effects of the proposal : 1. Ownership of the existing shareholders who opt out for buy…
Q: Please solve part B
A: In case of liquidating contribution, partner's basis must be reduced to zero in all cases. Cash,…
Q: Pls help and show all work and explain everything thoroughly pls. Pls do all questions. Pls pls. Pls…
A: Yearly income is $70,000 so the per month income will be 70,000/12 = $5,833.34 Student Loan Payments…
Q: Answer please
A: Total payroll =250000 income tax =10%=25000 Remaining =250000-25000=225000 Remaining =225000 Union…
Q: Please solve the ASAP.
A: Ethical ,professional or quality control issues in audit of Simpson Co. and recommend the steps to…
Q: please show solutions and answer only letters A,B,C
A: In finance, the future value is maturity or terminal value for a current invested amount that is…
Q: can i get answers for activity 4 please
A: Here to discuss about the details of the preparation of the ledger account trial balance profit and…
Q: EASE SOLVE
A: In this question we have to compute the net income
Q: Please provide explanation without direct answers
A: Given information : Time period (years) = 1 Payment = 125 Face value = 1,500 Risk free rate = 1%…
Q: answe
A: The net rate of return is the return on an asset after expenses such as taxes, depreciation, and…
Q: nstructions: Enter your answers lecimal places.
A: This is a multiple part question in which different cases are given which we have to solve
Q: Fill out the missing column
A: Net revenue = Gross profit + Cost of goods sold = 511000+673400 = $1184400 Operating expense = Net…
Q: What is accounting explain briefly?
A: Accounting is a broad term and it also has many branches like Cost accounting, Management…
Q: ease give me calculation!
A: The balance sheet shows the financial position of the company by recording all the assets,…
Q: SOLUTIONS IF NEEDED THANK U
A: Given problems relate to time value of money.
Q: e do IGNORE this if you already answered this problem, tutor) The requiremen
A: Note : As per the guidelines, only first three parts will be answered. Kindly post the remaining…
Q: Please answer number 5 with solution.
A: Financial accounting:-Financial accounting is termed as field of accounting which includes…
Q: Support the answers with calculations
A: The income statement explains the financial performance of the company for a particular period of…
Q: te solution and box the fi
A: Since in this question, payments are not given, so we do by assuming it zero coupon discount bond.
Q: Solve
A: Answer: 1. Direct Labour $240000/10000 units =$24/unit 2. Insurance =$20000/10000 units =$2/unit…
Q: I need help with questions 1 and 2
A: Profitability ratio is a ratio which indicate the return on resources used for productivity in terms…
Q: Please answer E & G from the attached questions . Please label accordingly e.g E) instead of…
A: using CVP, Break even sales = Fixed cost / CM ratio Margin of safety = Current sales - Break even…
Q: Please help solve the rest of 2B
A: Variable costing means that inventory is valued at variable manufacturing cost and fixed cost is…
Q: answer ed is coming back incorrect please help
A:
Q: Answer No.1 letter a and b and also No.2 letter an only Please provide a complete solution
A: Transfer Pricing is a pricing technique in which product that is manufactured in one department is…
Q: In need of answer for question number 3.
A: Expense payable is the liability for the business.
Q: Solve the question (part d and e only) step-by-step with comprehensive explanation where required.
A: Preference shares carry fixed dividend on par value and cost of preference shares can be calculated…
Q: I need help with this one . This is vertical analysis. Please provide the missing amount.
A: Vertical analysis of balance sheet shows each item as a percentage of total assets or total…
Q: solve the question with explanation asap
A: Current assets are the asses that are expected to be converted in cash within one year. Calculation…
Q: Problem (please refer to the picture.)
A: In banking transaction it is important to know how to deposit amount into the bank and withdraw…
Q: PLEASE ANSWER ONLY QUESTIONS F AND G
A: Break even analysis and cost volume profit (CVP) analysis are important analysis tools often used in…
Q: answer to number B. only please
A: Open to buy is a technique that helps to decide the amount of merchandise that a retailer can buy…
Q: Please answer the number 2 problem. Thank you!
A: There are two type of cash balances that is being maintained in business. One is cash balance as per…
Q: problem.
A: The journal entries are given as,
Q: Answer only please
A: Operating Activity Activity refers to day to day operations of a business. Cash inflow and outflow…
Q: Answer the missing numbers.
A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…
Q: Please solve d part only
A: Please see the next step :-
Q: olve q
A: In an accrual basis income is recorded when it is earned or accrued and In the cash basis system,…
Q: Please answer all parts with explanations
A: Earnings per share refers to the financial measure that measures the company's profit divided by the…
Q: Please answer Part C Please show work.
A: A Journal is the most basic accounting book which records all transactions in an entity in a…
Q: Please help! I have no clue on how to fill this table out!
A: Closing entry can be done in 2 different ways. First method is closing revenue and expense account…
Q: Create a word problem with a topic Matheson Formula and Double Decllining Balance Show your…
A: Matheson Formula: In this method, the annual depreciation is considered as a fixed percentage of…
Step by step
Solved in 2 steps with 2 images
- Trading Securities Pear Investments began operations in 2020 and invests in securities classified as trading securities. During 2020, it entered into the following trading security transactions: Purchased 20,000 shares of ABC common stock at $38 per share Purchased 32,000 shares of XYZ common stock at $17 per share At December 31, 2020, ABC common stock was trading at $39.50 per share and XYZ common stock was trading at $16.50 per share. Required: 1. Prepare the necessary adjusting entry to value the trading securities at fair market value. 2. CONCEPTUAL CONNECTION What is the income statement effect of this adjusting entry?l-Itihad Corporation Balance SheetDecember 31, 2019AssetsLiability & EquityCurrent AssetsCurrent LiabilityCash$5,000Accounts payable22,000Short term securities10,000Accrual Account8,000Account Receivables30,000Short term debt6,000Inventory32,000Total Current Liability36,000Long-term debt40,000Total Current Assets77,000TotalLiability76,000Long term AssetsEquityNet Property & equipment70,000CommonStocks64,000Retained earnings17,000Total Equity81,000Total Liability and Equity157,000Other assts 10000Total Assets157,000Sur Corporation Income StatementDecember 31, 2019Other Financial information of Sur corporation December 31, 2019Net sales (revenue)$150,000· Average Number of Common shares outstanding 16,000 Shares· Market price of Common share $3.5Cost of goods sold80,000Gross profit70,000Operating expenses30,000EBIT- (Operating profit)40,000Interest expense10,000EBT- ( Earnings before taxes)30,000Income tax 10,000Net Income (net profit)20,000You have to find the following ratios…Paul Company presented the following information pertaining to its investments in equity securities. FVPL FVOCICost P1,000,000 P1,000,000Market value December 31, 2020 1,050,000 980,000 December 31, 2019 950,000 920,000 2.What amount should Paul report as unrealized gains/losses in the shareholders' equity of its December 31, 2020 statement of financial position?
- The Statement of Financial Position (SFP) of Arthur Corporation on June 30, 202X is presented below:Current Assets P195,000Land 1,320,000Building 660,000Equipment 525,000Total Assets P2,700,000Liabilities P525,000Ordinary Shares, P5 par 900,00Share Premium 825,000Retained Earnings 450,000Total Equities P2,700,000All the assets and liabilities of Arthur were assumed to approximate their fair values except for land and building. It is estimated that the land has a fair value of P2,100,000, and the fair value of the building increased by P480,000. Ezekeil Corporation acquired 80% of Arthur’s outstanding shares for P3,000,000. The non-controlling interest is measured at fair value.Required:a. Determine the goodwill or gain on bargain purchase assuming the consideration paid includes control premium of P852,000. Determine the goodwill or gain on bargain purchase assuming the consideration paid excludes control premium of P138,000 and the fair value of the non-controlling interest is…1. The following balances were obtained from the books of The Hartland Ltd as at December 31, 2015:DETAILS DR CRPremises800,00010% Mortgage250,000Retained earnings40,000Goodwill100,000Debtors110,000Creditors65,000General reserves30,000Management fees30,000Ordinary shares @ $0.50200,0005% Preference shares @ $1200,000Share premium50,000Motor vehicle80,000Prov. for depreciation on motor vehicle12,00010% Debenture120,000Mortgage interest7,000Debenture interest5,000Cost of sales750,000Closing stock80,000Insurance20,000Wages & salaries60,000Interim ordinary shares dividend2,000Bank53,000Sales1,100,000Commission received4,0002,084,0002,084,000Notes:a. Provide for depreciation on motor vehicle at 5% on the reducing balanceb. Insurance is prepaid by $4,000 while wages and salaries is owing by $20,000c. The goodwill should be written down by 25%d. Transfer $25,000 from profits to the general reservese. Corporation tax is estimated at $30,000f. The…Paul Company presented the following information pertaining to its investments in equity securities. FVPL FVOCICost P1,000,000 P1,000,000Market value December 31, 2020 1,050,000 980,000 December 31, 2019 950,000 920,0001. What amount should Paul Company report as unrealized gain on its 2020 profit or loss? a. P160,000 b. P110,000 c. P100,000 d. P 50,000 2.What amount should Paul report as unrealized gains/losses in the shareholders' equity of its December 31, 2020 statement of financial position? a. P60,000 credit b. P20,000 debit c. P80,000 debit d. P20,000 credit
- 1. Avalanche Inc. revealed the following information for the year ended December 31. 2021 Preference share. P100 par-P2.4 million; Share premium, preference - P700,000; Ordinary share, P15 par-P3.5 million, Share premium, ordinary-P1.5 million. Subscribed ordinary share - P100,000, Retained earnings - P2 million, Subscription receivable, ordinary - P20,000 How much is the legal capital? A.P6 million B.PB 1 million CP5.9 million D.P8 2 million 2.At the beginning of 2021, DAI Corp. was organized with authorized capital of 200,000, P500 par value shares. The following transactions transpired during its first year of business. February 4- Issued 15.000 shares at P510 per share April 10- Issued 3,000 shares for services received (FMV of the services is P1.7 million). October 23-Issued 5,000 shares in exchange for a land (FMV) the land is P3 million) What amount should be reported as share premium? A.11.500.000 B. 23.000 C.850.000 D.12.350.000 3. At the beginning of 2021, DAI Corp. was…The company capital structure consist of debt 340000 @ 4.05%, common stock 40% of preferred stock @ 9.09% and preferred stock 400000 @ 19.50%, calculate company’s weighted average cost of capital. Select one: a. 12.50% b. 11.79% c. 14.98% d. None of the option e. 13.15%Presented below is the trial balance of Walter Corporation at December 31, 2020.Cash 197,000Sales 7,900,000Trading Securities (at cost, P145,000) 153,000Cost of goods sold 4,800,000Long-term investments in bonds 299,000Long-term investment in share capital - ordinary 277,000Short-term notes payable 90,000Accounts payable 455,000Selling expenses 2,000,000Investment revenue 63,000Land 260,000Buildings 1,040,000Dividends payable 136,000Accrued liabilities 96,000Accounts receivables 435,000Accumulated Depreciation – Building 352,000Allowance for doubtful accounts 25,000Administrative Expenses 900,000Interest Expense 211,000Inventories 597,000Provision for pension (long term) 80,000Long term notes payable 900,000Equipment 600,000Bonds Payable 1,000,000Accumulated Depreciation – Equipment 60,000Franchise 160,000Shares Capital – Ordinary 1,000,000Treasury Shares 191,000Patent 195,000Retained Earnings 78,000Other comprehensive income 80,000 Requirements:1. How much is the total assets?2. How…
- Compute for the Shareholder’s Equity using these data; Bonds payable P300,000; Ordinary shares premium P50,000; Donated capital P40,000; Treasury shares at cost; P20,000Ordinary share capital (par P100) P500,000; share warrants P100,000; Trading securities P70,000; Share premium from treasury shares P15,000; Retained earnings P135,000 P720,000 P760,000 P820,000 P860,000 answer not givenThe shareholders' equity section of De Guzman Company revealed the followinginformation on Dc. 31, 2019: Preference Shares, P100 par P2,300,000Share Premium-Preference 805,000Ordinary Shares, P15 par 5,250,000Share Premium-Ordinary 2,750,000Subscribed Ordinary Shares 50,000Retained Earnings 1,900,000Notes Payable 4,000,000Subscription Receivable-Ordinary 400,000 Required: How much is the legal capital?X collected in full the balance of subscription receivable of P187.500 for the total subscription of 10,000 P25 par common stocks. The journal entry to record the issuance of certificates under journal entry method will require a a. debit to subscribed capital of P187,500. b. debit to subscribed capital of P 200,000, C. credit to unissued stock of P 250,000. d. credit to capital stock of P187.500.