the conceptual framework includes which constraint a.prudence b. conservatism c. cost d all of the choices are constraint

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A: Discontinued Operation- A discontinued operation is a component of an entity that either has been di...

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A: Lease is a form of contract or arrangement between two parties under which one party provides it's a...

Q: Particulars Company A Company B Company C Current Assets 300 160 400 Current Liabilities 200 110 180...

A: Current Ratio = Current Assets / Current Liabilities Company A = 300 / 200 = 1.5 Company B = 160 / 1...

Q: entity discontinued an operation and disposed of the discontinued operation the transaction should b...

A: Discontinued Operations are a part of the company operation which have been discontinued or shut dow...

Q: handbags at an average of 3,30 120 and 2021 are as follows Actual production (units) 2,400 100 T00

A: Absorption costing refers to the process of computing the expenses regarding a product using its ind...

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A: The worth that a player puts to the cost price of an item is referred to as mark up. The worth added...

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A: Lets understand the meaning of cash and cash equivalent. Cash and cash equivalent refers to cash and...

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A: Present market value of 800 shares = $200,000 Value of shares when Liam purchased=800×$95=$7,200 Pro...

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A: Trade Receivable: Trade receivables are defined as the amount owed to a business by its customers fo...

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A: Lets understand the basics. Seller for attracting early payment, gives the discount term to the buye...

Q: Micro

A: Micro Advantage’s weighted-average cost of capital (WACC) is 14.96%.  Please see the attached soluti...

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A: Trade discount is calculated on list price. It is some percentage of list price. Net price is the di...

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A: A minority interest seems to be another term for a non-controlling interest. This is a situation whe...

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A: The book which is used to record all the transactions, including the expenses, reimbursement of pett...

Q: Please describe the objectives behind FASB ASC Topic 740, Income Taxes, and the income tax provision...

A:

Q: . Identify the type of lease involved and give reasons for your classification. Discuss the accounti...

A: Cleveland Group leased a new crane to Abriendo Construction under a 5-year, non-cancelable contract ...

Q: White purchased 10% of an investee's 100,000 outstanding ordinary shares on January 1, 2022 for P1,0...

A:

Q: What is the difference betweena balance sheet and an incomestatement?

A: The financial statements of the business includes the income statement, balance sheet and cash flow ...

Q: 2. If XYZ Company Acid-test ratio is computed as 1.7. Which statement interprets the acid-test ratio...

A: Ratio analysis means where different ratio of various years of years companies has been compared and...

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A:

Q: Elegance Esthetics Wholesalers Corporation sells various esthetics treatment tools, esthetic and spa...

A:

Q: Vaughn Boards sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Information rela...

A: Definitions:-   FIFO Method of inventory valuation :-  In FIFO method of inventory valuation, invent...

Q: tatement 1: Unrealized gains or losses from financial assets measured at fair value through OCI are ...

A: Note 1.  Fair Valu through OCI Other comprehensive income gives unrealized gains and losses for inve...

Q: New attempt is in progress. Some of the new entries may impact the last attempt grading. Your answer...

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the so...

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A: Solution Concept Under FIFO method the goods purchased first is sold first cost of goods sold       ...

Q: Sokolov Company purchased a computer for $3,000 on January 1, Year 1. The computer is estimated to h...

A: Depreciation expense = (Original cost - Salvage value) / Useful life = ($3000 - $500) / 5 years = $5...

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A: Compensation alludes to the monetary rewards provided to workers in exchange for their services. It ...

Q: On January 2, 2022, Promenade Company purchased 25% of Twilight Company'S ordinary shares: no goodwi...

A: Solution Concept Under the equity method , the value at which is the investment is carried is Cost +...

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A: The required details of materials used in production, total manufacturing cost, cost of goods manufa...

Q: Flounder Corporation reports operating expenses of $90,100 excluding depreciation expense of $15,400...

A: Operating Expenses: Operating expenditures in company are expenses that are incurred on a day-to-day...

Q: Using the following the data below, graph the result and use linear regression to obtain the equatio...

A: In finance linear regression is a method which is used to find the dependent variable with the help ...

Q: Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts. o T...

A: Accounts Receivable - Accounts Receivables are the amount which is due but not paid by the customer....

Q: Treasury bills are currently paying 4.6 percent and the inflation rate is 1.9 percent. What is the r...

A: Bonds are priced by discounting future cash flows. Future cash flows include coupons and par value o...

Q: m, a shareholder in Lager, Inc., (a C corporation), would like to sell 800 of his shares of stock in...

A: When a firm encourages stockholders to sell a part of their stock back to the company, this is known...

Q: On the first day of the current fiscal year, $1,500,000 of 8%, 10-year bonds, with interest payable ...

A: Journal entries are the initial reporting of the transactions in the books of an entity.

Q: Compute for Deposits in Transits and Outstanding Checks. After which, prepare the bank reconciliatio...

A: Bank reconciliation statement is the statement which is prepared by the company with the aim and pur...

Q: On January 1, 2021, Deer Company had a division that met the criteria for discontinuance of a busine...

A: The calculation of loss on operations (discontinued) has been made as follows: Profit / (Loss) on op...

Q: What is the difference between Direct and Indirect Financing?

A: Difference between direct financing and indirect financing are as follows

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A: Raw materials are those materials which are used by the business for the purpose of production or ma...

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A: Other percentage tax (OPT) is levied on individuals or entities involved in the business of sale of ...

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Q: Indicate if assessable income has been derived and when it was derived in the following situations....

A: The employee received = $1500 on 29th June. Assessable income will be derived in the period in which...

Q: Joshua Owen commenced business on 1 September, and had several special transactions during the month...

A: Journal entries are passed to record day to day transactions of the business.

Q: Kequired ImomatioIn • Selling price per unit $ 7 per unit • Accounts receivable, beginning balance 6...

A: A cash payment budget is prepared to forecast the future expected payments to be made by the company...

Q: Position (S

A: 1. Any excess of the purchase consideration over the net assets acquired of an entity, is first allo...

Q: Sokolov Company purchased a computer for $3,000 on January 1, Year 1. The computer is estimated to h...

A: Introduction:- Depreciation is charged on asset over useful life of the asset. It is treated as expe...

Q: Clara Company purchased equipment for P5,000,000 on January 1, 2021 with a useful life of 10 years a...

A: We know that Impairment loss can be calculated as follow = Carrying value - Recoverable amount. Reco...

Q: Feather Friends, Incorporated, distributes a high-quality wooden birdhouse that sells for $20 per un...

A: Formula: Contribution Margin ratio = Contribution margin / sales

Q: Trista and Co borrowed S230,000 on December 1, 2020, for 90 days at 6% interest by signing a note to...

A: Formula: Interest expense = Borrowed amount x Interest rate x Time period

Q: Crane Farm Supply Company manufactures and sells a pesticide called Snare. The following data are av...

A: An income statement is a financial report that indicates the revenue and expenses of a business. It ...