Research "Auditor's Discussion and Analysis (AD&A)”. Do you think AD&A is a good idea? Explain your reasoning.

Q: Job 456 manufactured 12,000 units that were completed in February at unit costs presented as follows...

A:

Q: %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 Emma received a $79,300 mortgage that is amortiz...

A: a. Size of payment = A = P(r(1+r)^n)/((1+r)^n-1) Where, A = Payment amount per month (Size of paymen...

Q: QUESTION 4 Each of the following is a O an extensive marketin O bonding of employee separation of du...

A: Internal control is a process designed, implemented and maintained by those charged with governance,...

Q: PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of ...

A: Calculation of WACM So the contribution from Oil changes= 60%*25%= 0.15  So the contribution from Br...

Q: A. B and C are partners with average capital balances during 2020 of P945,000, P477,300 and P324,700...

A: Closing capital of partners is to be calculated as follows =                                  Openin...

Q: Sunland Inc. reported income from continuing operations before taxes during 2017 of $817,900. Additi...

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

Q: Q1.)Why do you think an industrial partner does not share in the losses of partnership?

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If yo...

Q: Bert Baker and Ernestine Moffet were never formally married but have lived together as husband and w...

A: Introduction:- Bert Baker and Ernestine Moffet have been living together as husband and wife for the...

Q: Financial audit Q&A What is the process used by auditors in conducting tests of control in testing d...

A: Financial Audit: A financial audit is led to give an assessment of whether budget summaries are expr...

Q: What is the risk caused by the sample taken by the Auditor that does not describe the characteristic...

A: Audit sampling is the audit procedure in which sample is selected to test the whole data or informat...

Q: pasia invested 300k for a 15% interest in the partnership that has total capital of 2.5m after his a...

A: In partnership, if cash invested by new partner is more than his capital interest, then difference i...

Q: X, Y, Z share profits and losses in the ratio of 20%, 30%, 50%, respectively. During the year, their...

A: A partnership is a written contract between two or more people to manage and operate a business whil...

Q: X Company pays time and a half for hours in excess of 40 hours per week. If an individual is paid P6...

A: Normal wage rate per hour = P60 Extra time wage rate per hour = 60*1.50 = P90 Normal hours = 40 hour...

Q: In a Section 351 transaction, Moustapha transfers property to a corporation with a fair market value...

A: Non taxable transaction under Section 351 only if all the contributors of cash + property have 80% o...

Q: Kokey's accounting records shows the following: Increase of Raw Materials of 4,500; decrease in Fini...

A: Cost of direct materials used = Cost of Purchases of raw materials + Decrease(increase) of Raw Mater...

Q: P21.11 (LO 2, 3) Groupwork (Lessee-Lessor Accounting for Residual Values) Goring Dairy leases its mi...

A: Lease- A lease is a agreement outlining the conditions under which one party agrees to rent an asset...

Q: -X, Y, and Z formed a partnership on Jnauary 1, 2021, and contributed P150,O0; P200,000; P300,000, r...

A: Months   X capital  Y capital Z Capital  January   150000 200000 300000 February    150000 20000...

Q: # 1. A theater owner is considering the installation of an air conditioning system which he believed...

A: Step2 in the solution. 

Q: He and She formed a partnership and to share in the profit or loss equally. She contributed building...

A: The question is related to the Partnership Accounting. The assets and capital must be recorded at Fa...

Q: The direct materials are added at the start of the production process while conversion costs are add...

A: Solution: Computation of Equivalent unit of Production Particulars Physical Units Material Conv...

Q: X Company pays time and a half for hours in excess of 40 hours per week. If an individual is paid P6...

A: Direct labor includes regular payment of labor and also overtime payment.The over time rate are base...

Q: He and She formed a partnership and to share in the profit or loss equally. She contributed building...

A: Amount to be credited to She’s Capital Account will be equal to the amount of Net Assets contributed...

Q: X Corp uses predetermined Overhead application rate is based on direct labor hours. During the year,...

A: Actual OH = 345,000 Planned OH = 360,000 Actual labor hours = 1,210,000 Applied OH = 363,000  

Q: Mango LLC sells its product for $60 and has variable cost of $30 per unit. The total fixed costs are...

A: answers Current break even point = Fixed cost / Contribution margin per unit

Q: Financial audit Q&A What is the file type of the customer confirmation that is related to the outsta...

A:

Q: Pedro paid pepito 500k from the 1.2m adjusted total capital of the partnership if pepitos capital ba...

A: If total Adjusted Capital = 1,200,000 And Pepitos Capital Balance is 450,000 And Pedro paid = 500,00...

Q: The net income of Zia company for the year ended December 31, 2018 amounted to P5,600,000.  Determin...

A: The non cumulative preference dividend is not cumulated for any past year dividend undeclared. 

Q: Account Balance Account Title Debit Credit Cash P 50,000 Non-cash Assets 2,350,000 Liabilities P 400...

A: Arenas ,Delay, and Laurent Statement of Liquidation June 30,2019  

Q: The Assembly Department started the month with 59,000 units in its beginning work in process invento...

A: Units transferred to the next processing department = Beginning work in process inventory + Addition...

Q: The total cost assigned to job 777C is P24,000 which includes direct materials cost of P6,000. The f...

A: Conversion cost  = Total cost - Direct material cost = P24,000 - P6,000 = P18,000   Conversion cost ...

Q: Total fixed costs P1.8M Unit selling price Unit variable cost P80.00 P56.00 dicate the effect on the...

A: Answer 1) Break-even units = Total Fixed Cost/ Contribution margin per unit Break-even units = Total...

Q: Financial information that is capable of making a difference in a decision is a) relevat b) faithful...

A: Fundamental qualities of financial information should be: 1. Relevance 2. Faithful representative.

Q: How fill IRS Form 1120 Corporations with this info: (it's a fake company) For learning purposes only...

A: The calculation answer for the above mentioned solution is given in the following steps for your ref...

Q: partners FE, Lorna and ALMA decided to sell 20% of their capital directly to Roy for 200k. Capital b...

A: The direct sale of old partners share to new partner is not recorded in the books of partnership fir...

Q: . The total cost assigned to job 777C is P24,000 which includes direct materials cost of P6,000. The...

A: Solution: Total cost assigned to Job = P24,000 Factory overhead = 150% of direct labor cost Conversi...

Q: GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year ...

A: All percentage are calculated with respect to sales.

Q: 2010: Russia and Ukraine became partners. 2016: Capital, ending was 200,000 and 300,000 respectively...

A: Ending capital = Beginning capital + Additional investment - Withdrawal Average capital = (Beginning...

Q: a partner in the new partnership, Isabel contributed Furniture and Fixtures that cost P900,000 with ...

A:

Q: (Ignore income taxes in this problem.) Your Company uses a discount rate of 10%. The company has an ...

A: Introduction:- Present value (PV), also known as present discounted value, is the value of a project...

Q: Work in Process, January 1: Materials Conversion Cost Added this month: Materials 25,000 30,000 240,...

A: Units in Completed and Transferred The cost of the Completed and Transferred consist of: 1. Transfer...

Q: Figure out what the Cost of Goods Sold is for the order placed for FIFO LIFO and We...

A: 1. FIFO Method - Under FIFO Method, Inventory purchased first is sold first. 2. LIFO Method - Under ...

Q: X Corp has $200,000 of gross receipts from sales, $300,000 of operating expenses, and $150,000 of di...

A: Dividend received from less than 20% owned domestic corporations per TCJA is 50% DRD. Exception case...

Q: Crabtree Company has 560,000 shares of $10 par value common stock outstanding. During the year, Crab...

A: No. of shares issued under stock dividend = No. of shares outstanding x stock dividend rate Decrease...

Q: On January 1, 2022, A and B formed a partnership by contributing P200,000 and P180,000 respectively....

A: The question is related to Partnership Accounting. The details are given regarding capital introduce...

Q: Compute revenue and variable costs for each show. Use the equation approach to compute the number of...

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...

Q: On July 1, 2021, S Furniture, sold to B tables and chairs for a price of P500,000 for the latter's c...

A: S will not bear the loss because there is an exception to res perit domino rule

Q: A furniture manufacturer has a unit cost of $100 on an end table and wishes to achieve a margin of 6...

A: Unit cost to manufacturer = $100 Required margin of manufacturer = 60% on selling price Required mar...

Q: A   business owned by A1 was short of cash and she decided to form a partnership   with A2, who was ...

A: The fair value of net assets of A1 is P 761,000. The cash contribution of A2 will be 1.50 times of f...

Q: ons occurred during the year ending De ed company called BETA Ltd. A acquired equipment valued at $4...

A: A January 1 The Asset account, Equipment, increases by $490,000. The Stock account increases by $490...

Q: A high-precision programmable router for shaping furniture components is purchased by Henredon for $...

A: Purchase price = $190,000 Expected life = 12 years  Salvage value = $5,000