She Company granted 200 share appreciation rights to each of the 1,000 employees on January 1, 2021.   The management estimated that 90% of the awards shall vest on December 31, 2023. The fair value of each share appreciation rights on December 31, 2021 is P10.   What amount should be reported as accrued liability for the share appreciation rights on December 31, 2022?

Q: 21. In 2021, Dan Davis, age 85 and single, received Social Security benefits of $14,000, dividend…

A: The social security tax is the tax that is collected by the government for the benefits given to the…

Q: Find a company that committed a change of accounting principle/estimation or error

A:

Q: Question 1 1. Pioneer Ltd is a company operating in the retail sector. The beginning inventory of…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: may be overlooked by many IT professionals, which may have a negative influence on the project's…

A: The concept of sun cost is associated with all those cost and expenditure which have been encloud…

Q: 5. The following items affect the retained earnings account, except Group of answer choices a. net…

A: Retained earnings is the part of stockholders' equity. It is the part of income set aside to be…

Q: Frances Farley has total assets of $20,000 and total liabilities of $70,000. Pursuant to a Title 11…

A: Introduction: Gross income is the total amount of money earned before taxes and other deductions are…

Q: Gulay ni Marites Vegetables Shop Income Statement For the year ended Dec 31, 2022 Net Sales…

A: Vertical analysis is a method of financial statement analysis wherein all items are listed at first…

Q: Fine Co. has the following sales forecasts for the third quarter of 2021: P85,000 (July), P88,000…

A: Cash budget is one of the budget of the business, which shows beginning and ending cash balance,…

Q: Megadeth Sdn Bhd has the following information regarding the purchase and issue of inventory…

A: The First in first out method is based on that the goods which are received first are issued first.…

Q: On January 1, 2017, the llocos Norte Corporation purchased the business of its competitor in a…

A: The impairment loss is calculated as the difference between the carrying value of all the assets and…

Q: The following information is available from the current period financial statements: Net income…

A: Operating cash flow refers to the amount of money a company earns from ongoing, regular commercial…

Q: To encourage entities to expand their operations in a specified development zone, where it is…

A: The accrual concept is one of the key concepts in accounting and it is based on the belief that the…

Q: adjusting entry related to cash at Dec 31 would include: Cr Expenses 1,500 Cr Receivables 6,000 Cr…

A: The answer for the multiple choice question and relevant working are presented hereunder : Trade…

Q: On January 1, 2019, A Company purchased inventory with a list price of P4,400,000 and a cash price…

A: The carrying amount of the note on initial recognition is equivalent to the cash price of inventory.…

Q: The debtors ageing analysis for HARUNA limited is as shown below HARUNA LIMITED DEBTORS AGE…

A: Debtors age analysis schedule refers to a schedule representing the list of debtors along with the…

Q: An inexperienced accountant for Crane Corporation showed the following in the income statement: net…

A: preparation of comprehensive income statement are as follows

Q: Sue is a customer account representative for ABC Company. She recently acquired several new accounts…

A: Fictitious Revenues refer to sales of products or services that never happened. False invoicing can…

Q: If i= 14.8% per year, compounded monthly, What is the effective interest rate per semiannual? (ABET…

A: Lets understand the basics For calculating semi annual interest rate from monthly compounded…

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: A positive value for EFN means that the company needs to? A) Sale items B) close the company c)…

A: Value of EFN means how much external funds are needed for business operations, because internally…

Q: Coroid Corporation used the following data to evaluate their current operating system. The company…

A: Static budget is a fixed budget which is not change with the level of production. It remains same as…

Q: Using the horizontal analysis, cost of sales at the end of 2018 and 2019 are ₱12,345,000 and…

A: Change in cost of sales = Cost of sales of 2019 - Cost of sales of 2018 = ₱11,754,000 - ₱12,345,000…

Q: the co-ownership?

A: The co-owners are the owners of the property, they own the property jointly. Co-owners enjoy the…

Q: Assuming the excess of acquisition cost over the underlying equity acquired is attributable to a…

A: The answer for the multiple choice question and relevant working are presented hereunder : Gray…

Q: E The following data are taken from the books of Tides Corporation: Gross profit from business…

A: The question is related Taxable Business Income. Taxable Business income is the excess of Gross…

Q: Marigold Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2021, the…

A: Pension Expenses: It is  the sum that a business charges to expense  according to its liabilities…

Q: Lab Company's targeted ending inventory is ₱250,000. Its forecasted sales is ₱980,000 and has a…

A: Cost of sales = ₱980,000 x 68% = ₱666,400

Q: question 3 (this is a auditing question)   Which of the following services is appropriate for an…

A: Cash flow forecast is a prediction of movement of cash for a future accounting period.

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: A promise to buy "all the oil I need to heat my shop this winter" recites valid consideration.  True…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: In a standard cost system, the cost of completed units transferred from Work in Process Inventory to…

A: The standard costing system uses the standard or estimated costs to plan the budgets and control the…

Q: ConstructAB'S cash budget for the next three months.

A: Cash budget is the budget which is made by the company to determine the cash inflows and outflows of…

Q: On January 1, 2021, a company had 125,000 issued shares and 25,000 treasury shares. During the year,…

A: The treasury stock decreases the number of shares outstanding but issued shares remains constant.

Q: Louise Lewis, age 72, is married and supports her mother, age 96. During 2021. Louise pays $1,300…

A: Introduction: Medical expenses include all costs associated with the prevention or treatment of…

Q: What does it mean to have negative working capital?

A: Working capital, also known as net working capital (NWC), is the difference between a company's…

Q: 4. Compute the break-even sales (units) under the proposed program for the following year. X units…

A: Lets understand the basics. Break even point is a point at which no profit no loss condition arise.…

Q: The net income reported on the income statement for the current year was $116,600. Depreciation…

A: Lets understanding the basics. Cashflow are divided into three type of activities which are, (1)…

Q: i. If your predecessor ordered tricycle units, four (4) times a year i.e. 1000 units every quarter,…

A: Cost of keeping inventory which is the cost which are associated with the inventory of holding the…

Q: On April 1, 2028, A Company issued a P 9,000,000 non-interest-bearing note due March 31, 2031, for a…

A: The interest expense is the amount of interest to be paid during the period.

Q: MORGAN Merchandising is preparing its Production Budget for the 3rd Quarter of 2020. Its Sales…

A: Lets understand the basics. Management prepares master budget and various budgets based on the…

Q: 21.  During 2019, Company A had net credit sales of Php 600,000. Its Accounts Receivable and…

A: The aging method is used to estimate the amount of uncollectible accounts receivable. The technique…

Q: A department store paid $51.23 for a wine set. Overhead expense is 24% of the regular seling prce…

A: The Operating Profit is the excess of Sales Revenue over Operating Expenses and Operating loss if…

Q: Until its involvement as Enron’s auditor, Arthur Andersen was recognized as one of the most…

A: Financial statement fraud refers to the willful misrepresentation of financial statements by one or…

Q: nership of Len, Gray has the ability to exercise significant influence over Len's financial and…

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

Q: XYZ Corporation is considering a new product line. The company currently manufactures several lines…

A: Incremental cash flow is the additional operating cash flow that the company will incur or receive…

Q: John Wells, CPA, is planning the audit of CVG Services Inc. As a result of his risk assessment…

A: Events or situations that imply an incentive or motivation to conduct fraud or give a chance to…

Q: Why is it necessary to evaluate the attributes of audit evidence? Explain

A: The information gathered by an auditor to determine the correctness and conformity of a…

Q: QUESTION 25 Betty Corporation, a calendar year S Corporation, has an Operating Loss of $80,000 and a…

A: Here discuss about the details of amount of deduction which are applicable in the federal income…

Q: Five year property costing $25,000 was placed in service on January 11, 2021 and $75,000 of five…

A: Introduction: Depreciation is the process of dispersing the cost of a physical item over its useful…

Q: On April 5. 2020, Paul Company purchased P50 par, 10,000 ordinary shares of George Company at P80…

A: Right Shares: - Right shares are those shares that are issued by the company to its existing…

Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.