term describes this P50,000 of lost rental revenue?

Q: Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a ...

A: Shares are fundraising security issued by the company to raise funds from the market by transferring...

Q: The cost of goods sold was computed at P12.250. Total sales for the year were P42.950 of which P31.2...

A: Formula: Inventory turnover ratio = Cost of goods sold / Average inventory

Q: Bank Reconciliation The bank reconciliation made by Winton, Inc., on August 31 showed: Deposit in t...

A: WINTON, Inc.   Bank Reconciliation   September 30   Ending Balance from Bank Statement     Â...

Q: 2- The resources with which the banking activity deals are characterized by being easy to transport ...

A: Solution Concept There are various banking activities performed on a regular basis There are many de...

Q: Susan Small, CPA has Medium Corporation as an audit client. Medium has asked Small to create and ins...

A: Auditing refers to the evaluation of a companys' books of accounts and financial statements by the a...

Q: It is possible to withdraw from the savings account by transferring to other accounts a) only inside...

A: Here asked about the details of savings accounts money transfer to other accounts.  Savings accounts...

Q: Waterway Inc. acquired 20% of the outstanding common stock of Theresa Kulikowski Inc. on December 31...

A: Cash dividend=Number of shares×Per share dividend=46,800×$0.90=$42,120

Q: The Polaris Company uses a job-order costing system. The following transactions occurred in October:...

A: Material used=Direct material+Indirect Material=$152,800+$38,200=$191,000

Q: Acquisition accounting requires an acquirer and an acquirer to be identified for every business comb...

A: Solution: An acquirer is a company/entity obtaining control over one or more businesses. Therefore t...

Q: 14.Kandon Enterprises, Inc., has two operating divisions; one manufactures machinery and the other b...

A: SOLUTION INCOME STATEMENT IS A FINANCIAL STATEMENT OF A COMPANY AND SHOWS THE COMPANY'S REVENUE AND ...

Q: wP NWP Assessment Player UI Application MOHAMED ROMEO | JACAYLKAN YAABKA gnment 2 Question 3 of 6 -/...

A: answers No Account Titles and Explanation Debit Credit   1 Interest expense 688   =17200*12%...

Q: Assuming the existence of two companies, A and B, which of the following is not a business combinati...

A: As per IFRS/PFRS 3 Business combination A business combination is said to be exist only when their i...

Q: Jamison Corp.'s information relating to 2021 activities are presented below. - Net income for 2021 w...

A: Analysis of Activities of above Transactions: 1. Net Income : This is treated in Cash Flow as Operat...

Q: A check was presented to be collected in favor of the customer. Ahmed has a savings account in the a...

A: A

Q: Ben Marino, a seaman, opened a joint bank account, under the expanded foreign currency deposit syste...

A: Tax is collected by the government with a view to finance the different infrastructural and economic...

Q: Parent Corporation acquired 80% of the outstanding voting stock of Sub Company for P4,500,000 on Jan...

A: Fair value of the net assets of Sub Company will be book value of assets plus increase in undervalue...

Q: Credit and debt are two of the most crucial means available to achieve personal financial: Intentio...

A: Answer: Credit and debt are both the liability of the company.

Q: If the debit side of the Trail balance equal the credit side that's mean all the transactions record...

A: Duality principles represent the double effects of every transaction of business. every transaction ...

Q: I need the answer as soon as possible

A: Answer: If any person is guarantor in case of the letter of guarantee, he is personally liable for a...

Q: Which of the following statements about a business combination is valid?

A: Answer: b.The acquirer should recognize the acquiree’s contingent liabilities if certain conditions ...

Q: Below are the December 31, 2016, year-end accounts balances for Abled Appliance Repair Ltd This is t...

A: Closing entry means where all nominal account i.e. revenue and expenses account will be transfer to ...

Q: Parent Company, an SME issued 60,000 shares of P100 par value ordinary shares for all the outstandin...

A: Solution Concept In the context of business combination Direct cost Included in cost of invest...

Q: The cash balance of the bank for that day was 500,000, and an advance was granted to the cashier of ...

A: Inter-bank transfer: It implies to the transfer of funds within the banks. The transfer of funds fro...

Q: Cullumber Monograms sells stadium blankets that have been monogrammed with high school and universit...

A: Annual operating income=Total Revenue-Total Variable Cost+Total Fixed Costs

Q: The branch received from the General Administration an amount of 300,000 1) 300,000 from h/ the main...

A: Solution Concept When the branch receives amount from the head office The journal entry in the books...

Q: Koffman's Warehouse purchased a forklift on January 1, 2017, for $650,000. The forklift is expected ...

A: Double declining depreciation rate = Straight line depreciation rate x 2 = (100/5 years) x 2 = 40%

Q: On January 1, 2020, A and B have capital balances of P 200,000 and P 300,000 respectively. On July 1...

A: Answer)    A  B Total Salary                  36,000                  36,000  ...

Q: Yes Corporation reports net assets of P300,000 at book value. These net assets have an estimated fai...

A: Goodwill attributable to the non-controlling interest will be equal to 20% of total goodwill. 

Q: The difference between the quotes rates of the 12-year long-term corporate and a 12-year long-term g...

A: Answer) Calculation of Quoted Rate of return on Long term corporate security Quoted Rate of return o...

Q: Dreckman Corporation is a service company that measures its output by the number of customers served...

A: Fixed expenses do not change with the change in the level of production or sales volume. These expen...

Q: Executory costs include Select one: a. insurance. b. property taxes. c. maintenance. d. all ...

A: In case of leased assets there are certain expenses incurred Upto the economic life of the asset, wh...

Q: Q4 form data the following. prepare the in come statement. Sales revenue 500 000 purchase 350 000 Fi...

A: Income statement: It refers to a financial statement that shows all the sales revenue earned and exp...

Q: A new manager of a retail company suggests that the company should prepare its Statement of Profit o...

A: Financial Statements: Every company maintains its financial records in order to know its performance...

Q: The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co...

A: Statement of cash flows: It is a financial statement that shows the increase or decrease in the cash...

Q: “Acquisition will never go out of fashion and Retention would be a norm. Do you agree with statement...

A:   Yes, I agree with the statement "Acquisition will never go out of fashion and Retention would be a...

Q: 1.02 Methods of Organizing Google Drawing Directions: To complete the activity below, match the defi...

A:

Q: Trendy Trendy makes four products; it is always concerned that it might not make a profit as the ma...

A: Income Statement Particular T (£) R (£) E (£) N (£) Units 200 500 300 700 Selling price 80 25...

Q: Shauna and Danielle decided to liquidate their jointly owned corporation, Woodward Fashions Incorpor...

A: As part of the liquidation accounting process, assets are valued at the expected amount for which th...

Q: The Ministry of Water Resources asked the bank to pay the value of the letter of guarantee due to th...

A: The bank shall record only that transaction that has already been paid.

Q: When the guarantor (the guarantor) violates the terms of the guarantee in the case of a letter of gu...

A: Answer: If any guarantor fails to comply the terms of letter of guarantee there is obligation in the...

Q: A 12-year long-term corporate security yields 18.60%. The real risk-free rate is constant at 3.50%. ...

A: B 16.50%

Q: 2. Define and describe a conflict of interest.

A: Solution Concept Conflict of interest                 The term conflict of interest means when there...

Q: A debt – to income ratio can easily be calculated be from a what kind of statement? Investment Bud...

A: The debt-to-income ratio seems to be the percentage of your monthly earnings that you allocate to de...

Q: ational Co. produces small electric engines. It incurs the following costs for the year. Which of th...

A: Solution Concept Variable product cost     : The cost that increases as the number of the unit produ...

Q: For each of the following independent cases A-D, compute the missing values: (Enter all amounts as p...

A: Cost of Goods Manufactured = Beginning work in process inventory + Total current manufacturing costs...

Q: 5 A. Savonn Enterprise is a small retail business located in Alor Setar, Kedah. The followings are ...

A: Bank reconciliation statement is prepared where an entry which is found in one book (Cash book or ba...

Q: Which of the following is true.     The firm’s ultimate financial goal is to maximize its revenues b...

A: The main goal of the firm is to maximize the shareholders wealth and maximize the value of the corpo...

Q: Explain whether the physical inventory should be equal to the amount indicated by the inventory reco...

A: Solution Concept Perpetual inventory system : The inventory system where the inventory records are u...

Q: ering pigment is $200 per order, and the ntory is $1 per gallon per year. The firm us throughout the...

A: Economic order quantity calculates the ideal quantity of units  a company must order and  purchase a...

Q: 2- The resources with which the banking activity deals are characterized by being easy to transport ...

A: Solution Concept There are various banking activities performed on a regular basis There are many de...

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.