reate a new company in Microsoft office Accouting
Q: kindly post the solution to the question thanks
A: Total cost of the product comprises of material cost, direct labor cost, variable as well as fixed…
Q: The partnership
A: A partnership is a form of business where two or more persons with some common goals come together…
Q: 31. In 2021, a company issued 1,000,000 no-par value ordinary shares for P1.15 per share. The…
A: Legal capital is that amount of a company's equity that cannot legally be allowed to leave the…
Q: ne Atlantic Company sells a product with a break-even point of 4,247 sales units. The variable cost…
A: Break even point in units= fixed cost/ contribution per unit 4247 = $110,422/contribution margin per…
Q: Bonita Manufacturing Corporation purchased 10700 shares of its own previously issued $10 par common…
A: Purchase of own shares were termed as treasury shares. Treasury shares are to be measured at cost.…
Q: Cool Globe Inc. entered into two transactions, as follows: Purchased equipment paying $20,000 at…
A: Journal entry means the writing of the transaction in the books of accounts and this will be helpful…
Q: AL the beginning of the current year, CFAS Company declared a 10% share dividend. The market price…
A: A stock dividend is a dividend paid to shareholders in the form of additional shares in the company.…
Q: In 2021, DFS Medical Supply collected rent revenue for 2022 tenant occupancy. For income tax…
A: Journal refers to the book of the business organization which records all the business transactions…
Q: How much is the ordinary shares issued?
A: The other name of the ordinary shares is common. The holders of the ordinary shares the right to…
Q: A company has an overdue 10% note payable to Filipino Bank amounting to P8,000,000 with accrued…
A: Debt Restructuring - It is an event under which debtor is in financial difficulty and creditors…
Q: A company reported the following information on December 31, 2021: Preference share, P100 par…
A: Total shareholders' equity is the amount of funds of the shareholders outstanding in the statement…
Q: In 2021, a company issued 1,000,000 no-par value ordinary shares for P1.15 per share. The stated…
A: As per the Bartleby's norms, in case of multiple independent questions been asked, the expert can…
Q: A corporation incurred liabilities to its suppliers. The suppliers filed a case against the board of…
A: Lets understand the basics. Company or corporation kind of structure are structure in which company…
Q: A taxpayer made available the following financial information: Gross sales - Php 10,000,000…
A: Taxable revenue is the money of income required to calculate an individual's or a business's tax…
Q: CFAS Company issued 200,000 shares of P5 par value at P10 per share. On January 1, 2022, the…
A: Under the cost method, the purchase of treasury stock is recorded by debiting treasury stock account…
Q: A was the designated managing partner in the Articles of Partnership. One day, A received an order…
A: A was the designated managing partner in the Articles of Partnership. One day, A received an order…
Q: . If an entity declares a small share dividend, what amount shall be debited to retained earnings?
A: Solution: There are two type of share dividends as under: 1. Small share dividend (20-25%) 2. Large…
Q: Refer to the following data of SG Company: Assets to be realized 1,375,000 Liabilities liquidated…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: of exercise. The following are the share prices: January 1, 2021 100…
A: Under share appreciation rights, any increase in price of shares above the agreed price is…
Q: Ayres Services acquired an asset for $168 million in 2021. The asset is depreciated for financial…
A: Introduction: The deferred tax liability on a corporation's balance sheet signifies a future tax…
Q: A company retired 50,000 shares of P5 par value common stock it held in treasury at an average cost…
A: No. of shares outstanding means shares issued by the company and currently are with the…
Q: (Hidden Goodwill) joseph, Marco and David were partners sharing profits in the ratio of 2:2: 1.…
A: 1. Total Amount Paid to Macro on retirement = $ 560,000 Capital after all adjustments except…
Q: ute is $9.50 per direct labor-hour. The production budget calls for producing 2,200 units in June…
A: Meaning of Direct labor Budget : The direct labor budget is useful the number of laborers who will…
Q: LJ Company has the following information for the third quarter of 2018:
A: Standard costing is a tool used in accounting in which the estimates are drawn about the expenses…
Q: B. On January 1, 20X3, GG Co. purchased a new machine for P600,000. The machine had an es- timated…
A: Depreciation Expenses There are different method which are used to calculate the deprecation cost of…
Q: Read the case study below and answer the questions that follow. Hendry Limited produces a…
A: Using absorption Costing, both fixed and variable manufacturing costs are included in the product…
Q: On September 1, 2019, Tange company borrowed on a P5,400,000 note payable from a bank. The note…
A: An interest bearing note represents funds loaned by a lender to a borrower, on which interest is…
Q: An entity reports profit of P1,000,000 for the year ended December 31, 20x1. The entity's financial…
A:
Q: On January 4, 2021, Jonathan Company purchased 75% interest in Monica Corporation for P300,000.…
A:
Q: When an S Corporation's S status is terminated and the S Corporation becomes a Regular (C)…
A: S Corporation- The S corporation, a business enterprise taxpayer in the United States, is a close…
Q: A capitalist partner is not allowed to enter into a new partnership if it is a competing business.…
A: Diligence – The obligation of the partner is to act diligently in her decisions on behalf of the…
Q: Perfect Stampers makes and sells aftermarket hubcaps. The variable cost for each hubcap is $4.75,…
A: Contribution margin per unit = Selling price per unit - Variable Cost per unit
Q: 24. Which is TRUE? S1: Representation expense of a seller of goods is subject to limitation of 5%…
A: Representation expense of a seller of goods is subject to limitation of 0.50% of net sales. In…
Q: On January 1, 2018, RRR Partnership entered into liquidation. The partners’ capital balances on this…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: On May 12, 2020, calendar year Corp. A purchased residential real estate (apartment complex) at a…
A: MACRS Depreciation : Basis: $200,000 Recovery Period: 27.50 years Depreciation Method- Straight Line…
Q: Lemuel bought bottles of food supplements at Php 1 800 each. He is planning to sell this at 15%…
A: In this question, we are required to calculate the quantity of bottles to be sold to be in break…
Q: The following information has been extracted from the financial statements of Muggie Pty. Ltd., a…
A: Net profit is the net income of the business after considering all the expenses and all the incomes…
Q: Novelli's Nursery has developed the following data in order to calculate the lower of cost or net…
A: An inventory valuation allows a business to assign a monetary value to the inventory. Inventories…
Q: . X assigned his partnership shares to Y. X did not get the consent from the other partners but he…
A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: On December 31, 2019, A Company has accounts payable of P1,000,000 before possible adjustment for…
A: Under FOB destination, Goods are taken into inventory costing when goods are delivered to the buyer…
Q: On January 1, 2022, A company issued 1,000 of its January 1, 2017, 8%, 10 year, P1,000 face value…
A:
Q: xplain 3 reasons why a company should adapt environmental accounting in ther business
A: Introduction:- Environmental accounting is managing your environmental data, like material…
Q: A company retired 50,000 shares of P5 par value common stock it held in treasury at an average cost…
A: No. of shares outstanding means shares issued by the company and currently are with the…
Q: She Company granted 200 share appreciation rights to each of the 1,000 employees on January 1, 2021.…
A: Share appreciation rights are the employee compensation that is linked to the stock price of the…
Q: In 2021, Dan Davis, age 85 and single, received Social Security benefits of $14,000, dividend and…
A: Introduction: The Internal Revenue Service (IRS) utilizes your adjusted gross income (AGI). To…
Q: s $1,800, and land in whic as $25,000. s on the distribution?
A: Given as, Received amount= $3,000, Inventory Partnership basis= $1,800, Land partnership basis=…
Q: G is a capitalist partner. He was able to contribute P500,000.00 for the benefit of the partnership.…
A: Partnership is an agreement between two or more persons who carries their business operations…
Q: Problem 19-24 (IAA)
A: Stockholders are the Persons of entities whom the company issues its ownership rights in the form of…
Q: A company reports the following information for its direct labor. Actual hours of direct labor used…
A: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked…
Q: Exchange differences arising from the translation of financial statements of a foreign operation…
A: When company has subsidiary in the foreign country than the assets and liabilities are to be…
How to create a new company in Microsoft office Accouting
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- Explain the relationship between accounting and business software applications like Quick Books, Xero, and Sap.Where can a primary admin accountant user view the apps connects to a client's quickbooks online from within quickbooks online accountant?Accounting Excel Practice Problem - I attached a picture of the instructions and I attached a picture of the excel spreadsheet. Anywhere it says "formula" on the excel spreadsheet, needs the formula figured out.
- A software package where an entry for a purchase on account updates both the general ledger and the vendors ledger is an example of: Question 45 options: an accounting database program an integrated accounting software package such as Sage 50 or QuickBooks a one-step accounting package an excel add-on program.In SAP Business ByDesign Built-In Analytics, what can a business user create using the multidimensional analysis pattern? Key figures Data sources Personal dashboards Personal selections and views please choose he correct answerAlert Security Services Co. offers security services to business clients. Complete the following end-of-period spreadsheet for Alert Security Services Co.:
- I attached a picture of the accounting excel problem instructions (on the word document) and a picture of the excel spreadsheet that need the formulas answered. thank you for your help.In SAP Business ByDesign Built-In Analytics, where in the multidimensional analysis pattern can the business user define the layout of a report? In the View pane In the Bookmark pane In the Selection pane In the chart and table settings pls choose 2 correct answers abivWhat are 2 tools you can use to identify possible issues in a QuickBooks Online company? Transaction Journal Import Data Account and Settings Audit Log Journal Entry
- After completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system Explain the difference between a stand-alone package and an integrated package? Explain two advantaged and two disadvantages of an integrated package e) Before a new accounting package can be deployed, it needs to be configured. What does it mean to configure an accounting package? Explain the processes involved in the configuration of an accounting package.how cloud accounting can benefits accounting department?What is the easiest way to set up multiple companies, with the same owner, in Quickbooks? A. Use the Advanced/detailed Setup to go through the EasyStep Interview for each company, creating a separate company file for each. B. Use the Advanced/ Detailed Setup to go through the EasyStep Interview for the oldest company, then click File >Add Additional Business at the end of the interview l. C. Purchase a separate Quickbooks license for each company. You will create different icons for each company on your desktop. D. Set up classes for each company within the parent company file. This will allow you to print financial statements for each company.
