types of corporat
Q: On September 1, 2021, Fantastic Company leased furniture and fixtures from Gorgeous Company under a…
A: The net income is calculated as difference between revenue and expenses of the current period.
Q: Cash $13,000; Short-term Debt $21,000; Buildings and Equipment $420,000; Inventory, $44,000; Notes…
A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…
Q: A certain machining job for a machine shop in Davao can be done on six existing lathes, on which the…
A: The size of order will be determined by calculating the per unit cost of each given order size on…
Q: Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's…
A: Ratio analysis refers to an overview of the company’s performance by calculation various ratio using…
Q: The company's accounts receivable to 500,000. Prepaid Expenses and unearned income are 30,000 and…
A: Introduction: Current Assets: Assets which can be easily converted in to cash with in a year period…
Q: Accounts Receivable on 31 December and one year prior to it were P312,400 and P428,400 respectively.…
A: The allowance for doubtful accounts is created to record estimated bad debt expense for the period.
Q: X Dr Theory Exam - Intermediate X way pt-3958111&cmid=1071690&page=23 Theory Exam
A: Under the FIFO method of inventory valuation, goods purchased first are sold out first.
Q: AMT, Inc., is considering the purchase of a digital camera for the maintenance of design…
A: Annual worth is calculated over one life cycle of the asset and is usually used to compare the…
Q: On February 1, 2009, Alpha Company issued 5,000 of its P1,000 face value bonds at 110 plus accrued…
A: Formula: Net amount received from the issuance of the bonds = Issue value of the bonds + Accrued…
Q: B. In deciding a transfer pricing method, advise management on: i. negotiated transfer pricing ii.…
A: Transfer price can be defined as the price charged for products exchanged in internal transactions…
Q: Joel, JC, and LJ are partners with capital balances of P50,000, P80,000, and P120,000, and share…
A: In a partnership firm, profits and losses are allocated based on a predetermined ratio. The…
Q: Gideon and Joshua ae partners with capital account balances of P260,000 and P240,000, respectively,…
A: Partnership: - When two or more people come together to start a business, run it and share its…
Q: At its meeting on December 1, 2021, the board of directors of ABC Co. declares a cash dividend of P2…
A: Cash dividend is payable to the shareholders who have the name on the shareholders register on the…
Q: ABC Company finances some of its current operations by factoring its accounts receivable to a…
A: Factoring is a process where the accounts receivable are sold by the entity to the finance company…
Q: Please solve in a quarter of an hour please If the independent costs of each product The Special…
A: Independent cost is the cost which is prepare by an organization independently as the sponsor of…
Q: The following is a summary statement of budgeted and actual sales (for January) of ABC Products…
A: Sales mix variance arises due to difference in Actual mix vis-a-vis Standard Mix. Sales Mix…
Q: Problem 3 On January 1, 20x9, Maykaya Corporation acquired 80 percent of Galisod Company's common…
A: In this question, we need to determine those answers as required. The questions are dealt with the…
Q: Sales price Estimated Sales Fixed cost Total cost $1.00 1,600,000 bags $400,000 $0.25 $0.40 $0.65…
A: Cost volume profit analysis is the technique used by the management for decision-making. The methods…
Q: Using Use the data given in Exercise 12-9, except assume that on November 1, Sitco Products entered…
A: Speculation Forward Contract: The contract which pursue the counterparties to buy or sell an assets…
Q: Revenue has the effect of: A.increasing assets and decreasing liabilities B.increasing assets and…
A: Revenue is generated through the sale of goods or providing services to the customer, it increases…
Q: A manufacturing company, VMTC PLC, makes the product, blitz. Monthly sales for the first five months…
A: The budget is prepared to estimate the requirements for the future period.
Q: Anti Corp. purchased 10,000 shares of Pro Corp. at P60 per share. The shares represent less than 5%…
A: All journal entries regarding every transaction given below
Q: Cash Accounts Receivable Inventory Long-term Assets Accounts Payable Wages Payable Long-term…
A: Working capital helps to know the net liquidity position of the company. It is a difference of…
Q: At August 31, Saladino Coffee has the following bank information: cash balance per bank Rp5.200.000,…
A: As per the guidelines, only the first question will be answered. Bank reconciliation is defined as…
Q: Statement I. If the pattern of the repairs cannot be established and the obligation for warranty…
A:
Q: Hawthorn Ltd manufacturers a number of specialised electronic components, including the advanced…
A: Opportunity cost refers to the current benefits that will be forgone on accepting the alternative…
Q: 26. How many units were in the beginning work-in-process? In July 2020, ABC Co. computed its…
A:
Q: On April 1, 2022, the Bergify Corp., signs a 10-year non-cancelable lease agreement for a storage…
A: Under lease transactions, the income statement of the lessee is charged by the amount of…
Q: Statement II. The transaction price for the sale of the product with premium is recorded as a…
A: The answer has been mentioned below.
Q: Advise on what you consider would be the appropriate business structure, and why, for Peter…
A: The answer for the practical question on advising Peter and Melina an appropriate business structure…
Q: Cash $7,000 Prepaid insurance 700 Accounts receivable 3,500 Accounts payable 2,800 Notes payable…
A: Introduction: Trial Balance: All the final ledger accounts balances are posted in Trial balance to…
Q: What is the maximum amount a 45-year-old taxpayer and 45-year-old spouse can put into a Traditional…
A: The retirement plan is an individual retirement account in which contributions are made by the…
Q: Calculate the machine's depreciation using the declining balance method: A company has purchases a…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: In WEAK’s books, what amounts are recognized for the following?
A: The answer is stated below:
Q: give a long explanation on fractional depreciation?
A: Introduction:- Depreciation is a non cash expenses. Depreciation is charged on fixed asset over a…
Q: The following information pertains to Enzo Company: - Dividends on its 50,000 shares of 10%, P100…
A: Appropriated retained earnings is that portion of retained earnings that is kept aside by the board…
Q: A packaging employee making $16 per hour can package 200 items during that hour. The direct material…
A: Solution: Direct labor cost per hour = $16 Nos of items packed per hour = 200 Direct cost of 1 item…
Q: Zest Company noted the following information regarding its returnable containers for fiscal year…
A:
Q: Mr Mohammed and Mr Hamed are partners sharing profit and losses in the ratio of 9:6. Mr Ahmed is…
A: Goodwill means the reputation of the company due to any factor like location , product , price ,…
Q: 2. Mr. Reis has these daily balances on his credit card for his last billing period. full the…
A: For calculation of average daily balance take the sum of all balances of each day then divide the…
Q: Sharp Company employs actual costing for its production. The entity provided the following data…
A: Cost of goods sold is credited to the finished goods inventory. To calculate the Cost of goods…
Q: Joan, Joey, and Justin share profits and losses in the ratio of 3:2:1. As of June 30, the capital…
A: Lets understand the basics. Liquidation may happen voluntarily or by compulsion. when liquidation…
Q: Problem 5-20 (AICPA Adapted)-06) From inception of operations, Comprehensive Company provided for…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: A manufacturing company, VMTC PLC, makes the product, blitz. Monthly sales for the first five…
A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…
Q: Happy Company grants Incredible Company first month rent-free under a 12-month lease for low-value…
A: As accrual concepts, all the expenses and liabilties should be recognized in the period in which…
Q: where computer-aided design files can be superimposed over the digital pictures. Differences between…
A: The payback period method is used to appraise various capital investment projects. It uses the cash…
Q: Peter has total income of $54000. He has employment expenses of $18000, made a $5000 RRSP…
A: The taxable income is the income on which the tax is calculated. To calculate the taxable income of…
Q: The undermentioned errors were discovered in the books of Marco after the Profit and Loss Account…
A: In the context of the given question, we are required to prepare journal entries to rectify their…
Q: Rock Solid concrete manufacturers supply cement mixture directly to both the construction industry…
A: Product cost Period cost No,…
Q: The Hiei Company has a cycle time of 1.5days, uses a Raw and In Process (RIP) account and charges…
A: Material cost to be backflushed from RIP to Finished Goods:
Discuss 2 types of corporate veil lifting.
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Solved in 2 steps
- Identify what the general principles are for piercing/lifting the corporate veilCORPORATE SOCIAL RESPONSIBILITY: CASE STUDY Discuss these three steps ( short description) SNC Lavalin- affaire -Accountability -Transparency -The Social Contractwhat do you mean by corporate social responsibility? Share Example of any two companies involve in CSR activity.
- 1. What is triple bottom line in under corporate social responsibility?Some companies use internal social media networks for work-related employee communications. Would the same legal rules that apply to monitoring public social media platforms, such as Twitter and Facebook also apply to company-provided social media platforms?Discuss the agency costs in the Agency Theory in corporate governance and solutions applied thereto.
- Briefly discuss each of the following principles of corporate liability; (i) Duty care theory (ii) Contractual theory (iii) Strict liabilityDiscuss 2 similarities and differences of internal controls reporting requirements between public and private organizations. Give 2 examples of the challenges you have experienced in internal controls reporting in your previous organization. How have you been able to address them?a)What is a social contract and how does it relate to organisational legitimacy? (maximum 300 words)b) Explain two ways organisations can use corporate disclosure policy to maintain or regain organisational legitimacy? (maximum 200 words)
- Is a rule of Contra Proferentum defensible in today’s business environment? Explain with exampleWhat is a social contract and how does it relate to organisational legitimacy? and Explain two ways organisations can use corporate disclosure policy to maintain or regainorganisational legitimacy?Explain in your own words the Iron Law of Responsibility and the social contract. Give an example of a shared understanding between you as a consumer or an employee and a firm with which you do business or for which you work.