Responsibility: Do businesses have a responsibility to society or to their shareholders?  Explain your answer.  Do these responsibilities conflict or work together? How do social and profit responsibility relate to CSR?

Q: At August 1 of the current year, there are 4,000 units at P15 each of merchandise inventory.  During...

A: Weighted average method of inventory is one of the common method used for inventory. Under periodic ...

Q: The following is the trial balance of Tom Holland as at 31 January 2022: Debit Credit RM RM Drawings...

A: Financial statements are the summaries showing assets & liabilities, equities and cash flows, ga...

Q: A company had the following transactions during the finst month of the year. Frepare an income slale...

A: Journal Entries - Journal Entries are recorded to enter transactions entered into by the company. Al...

Q: The following information for Clark Enterprises is given below. December 31, 2021 Assets and obligat...

A:

Q: A lessor with a sales-type lease involving an unguaranteed residual value at the end of the lease te...

A: At the inception of a Sale Type Lease, Present Value of all the Future Cash Flows including unguaran...

Q: A company had a bulldozer destroyed by fire. The bulldozer originally cost $125,000. The accumulated...

A: For determining profit or loss to be computed we should consider the insurance proceeds. 

Q: Using the following balance sheet and income statement data, what is the debt to assets ratio? Curre...

A: Formula: Debt to Assets ratio = ( Total liabilities / Total Assets ) x 100

Q: CP Company produces various animal feeds in 50-kg bag. Each batch has a total of 4,000 kilograms of ...

A: Defective

Q: A contingent liability: O Is always of a specific amount Is a potential obligation that depends on a...

A: Solution: A contingent liability is a liability that may occur depending on the outcome of an uncert...

Q: Additional data: The disposal cost of each inventory A, B, C, D, and E amounted to 10% of the inven...

A: In case of questions with more than 3 sub-parts first three sub-parts are solved. Post the rest sub-...

Q: Determine the labor burden for an employee given the information in Table below. Assume the employee...

A: Social security = 6.2% x$85000= $5270 FUTA= .6% of wages to 7000= .6% x 7000( since wages is $85000)...

Q: The following accounts are used by Mouse Potato, Incorporated, a computer game maker. Accounts Accou...

A: Solution: Adjusting entries are journal entries prepared at the end of period to adjust the accounts...

Q: cation.com252F/activity/question group/kEZASSEPCAp G Gmail YouTube Maps News Translate Chapter 7 Ass...

A: If Jones division was dropped then fixed costs allocated to that division are to be reallocated to o...

Q: agreemen 1, 20X1 w nanufactur

A: Solution 24:   Interest Expense [($284,480 - $56,979) * 8%] $18,120 Depreciation Expense ($284,4...

Q: 1. What is the activity variance for the revenue? (Indicate the effect of each variance by selecting...

A: Variance analysis is one of the important technique of management accounting analysis, under which a...

Q: Which of the following describes the lease term test? If the lease term is 75% or more of the econ...

A: As per IFRS 16 In a finance lease  the lessor will lose the ownership of leased asset. Thus he shoul...

Q: A company reports the following beginning inventory and two purchases for the month of January. On J...

A: Last In, First Out (LIFO): Inventory is counted using the last in, first out (LIFO) approach. The ex...

Q: Freetown Manufacturing company acquired three patents in January 2016.  The patents have different l...

A: Amortisation cost of patent C = (cost / legal life) x 1/2 =  (656200 / 17)x 1/2 =19300 Carrying amou...

Q: The following information is taken from the records of Baklava Bakery for the year 2019 A. Calculate...

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: ific intention to obtain the gains if the value of the investment appreciates in the future. Securit...

A: Fair market value refers to the present price of an asset acknowledged by the buyer and seller as pe...

Q: January 3 Purchased equipment for $55000, paying S45000 in cash and signing a 10000, 4-month, 10% no...

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....

Q: When a bond sells at a premium: O The contract rate is above the market rate O The contract rate is ...

A: Premium is added to the market rate to make it to the contract rate. Premium increases the price of ...

Q: If it is now profit hospital, its income tax after tax credit is:

A: Gross Income of Philippines and Abroad is P4,000,000 and $40,000 respectively. Deductions of Philipp...

Q: It says the answer is complete but not correct . Can you tell me the right answers

A: Firstly you have totaled cost of goods sold and the inventory in 26 January row. The total shouldn't...

Q: Direct Materials Beginning balance S5,000 Ending balance 16,000 Purchases 55,000 Direct materials us...

A: The direct materials used is calculated as difference between total direct materials available for u...

Q: Shamrock Leasing Company signs a lease agreement on January 1, 2020, to lease electronic equipment t...

A: Journal entries:  

Q: ABC Company reported in its 2019 current tax expense at P 5,530,000. The following changes in ABC as...

A: Income tax is acknowledged as the expense paid by a taxpayer to the government for the income earned...

Q: For the following transactions, prepare journal entries needed to adjust the company's books. (If no...

A: Outstanding checks does not represent any transaction. 

Q: ABC Company reported pretax financial income of P 6,500,000 and P 8,200,000 for years 2019 and 2020,...

A: The extra amount paid as taxes i.e. advance payment for next year or over payment of the amount due ...

Q: The firm converts certain type of transactions in which the tax implication is favorable to the firm...

A: Do things like buy, sell, rent, lease, and recapitalize. If managers structure transactions such tha...

Q: Oriole Company, a major retailer of bicycles and accessories, operates several stores and is a publi...

A: The cash flow statement records the cash flow from various activities during the period. The cash fl...

Q: ABC Company reported pretax financial income of P 6,500,000 and P 8,200,000 for years 2019 and 2020,...

A: A deferred tax liability or asset represents the increase or decrease in taxes payable or refundable...

Q: Alfred issued 9%, ten-year bonds dated January 1, 2010, with a face value of $100,000 at 102 plus ac...

A: Cash proceeds from issue of bonds = (Face value of bonds x issue price / 100) + Accrued interest - I...

Q: state whether each of the following terms is correct or incorrect and correct the false one: 1-Absol...

A: An audit is a thorough scrutiny of the books of accounts and related documents of an entity.

Q: Answer with computation and explanation If the total authorized share capital is P1,000,000 at P10 ...

A: Issued share capital is the amount or value of shares that has been issued by the company to it's sh...

Q: Provide the Bottomline/Conclusion and Recommendation based on the Financial Ratios.

A: Financial ratios are used to analyze the financial results of the organization so as to find out whe...

Q: new.last part You have completed the field work in connection with your audit of Carla Corporation ...

A: Cash Flow Statement The preparation of cash flow statement is to know the actual cash movement of th...

Q: QUESTION 5 Duncan Corporation uses two aging categories to estimate uncollectible accounts. Accounts...

A: Given, Allowances for young account = 87,400 Allowances for old account = 12000 Uncollectable rate f...

Q: Problem 8-24 X Corporation issued its share capital in exchange for a portion of land with lar value...

A: Lump sum sale of shares means when company issue two or more securities against cash or asset. For t...

Q: how do compensation plans, including bonus structures, drive behavior?

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

Q: At August 1 of the current year, there are 4,000 units at P15 each of merchandise inventory. During ...

A: Moving average method is used in inventory valuation, under this inventory is valued at each accepta...

Q: Farm Dairy has a process that results in 1,000 liters of milk that can be sold for $2 per liter and ...

A: Trade off: It implies to a condition where a balance is maintained between two opposite situations. ...

Q: The following are the balance sheets of Entity A and Entity B as of June 30, 2021: Entity A Current ...

A: Fair value of net assets of entity B = Current assets + Non current assets - Current liabilities - N...

Q: 1. 20x2 net income 2. 20x3 net income 3. 20x4 net income

A: * As per Bartleby policy, in case question contains multiple subparts then answer first three only. ...

Q: Assume that IBM leased equipment that was carried at a cost of $182,000 to Sunland Company. The term...

A: Solution: As lease period is 6 years and equipment useful life is also 6 years, therefore lease shou...

Q: rticulars Product X Product Y Total product Units produced per annum Material cost pe

A: 1) Calculation of production cost unit of Product "X" and Product "Y" - Particulars Cost driver ...

Q: What are some ways that each branch can perform checks on the powers of other branches?

A: The president of the executive branch can check on the powers of other branches through veto power. ...

Q: income Statement represents all the funds that permanentty exit the enterprise as Cost of Goods Sold...

A:

Q: St Bernard Compony manu factures a Proouct A-19 with the following Dnit standlards re lated to direc...

A: Actual direct labor rate per hour is the rate paid to the labor for production of actual units in ea...

Q: Anderson Enterprises uses a job costing system. Record the following transactions in Anderson Enterp...

A: Financial transactions are recorded via journal entries. You insert transaction details into your co...