what are the classification of financial market ? Explain its different components?

Q: Account balances in the books of Carlo were as follows: Account Titles Debit Credit Cash P135,000…

A: Partnership is one of the arrangement between two or more than two parties, under which they decide…

Q: X Corporation opted to deduct OSD.  The following are the results of its operation: Net sales…

A: An OSD or Optional Standard Deduction  is a standard deduction at the rate of 40% which taxpayers…

Q: 22 2022 Question 4 The financial year end of Petrea General Dealers is 31 December. The transactions…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: On May 1, 2022, Carlo and Jamie formed a partnership by contributing P500,000 each. addition to…

A: The partnership comes into existence when two or more persons agree to do the business and further…

Q: On May 1, 2022, Carlo and Jamie formed a partnership agreeing to share profits and losses in the…

A: Partnership:- It is the agreement between two or more people to carry the same business and share…

Q: Problem 2) A profitable company making earth-moving equipment is considering an investment of…

A: The accounting approach used to disperse the cost of a tangible or physical asset over its useful…

Q: Dividend Date st with Dividend Dat claration Date

A: (Note: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: purchases were completed during March March 2- Bought merchandising from Levi Company with a list…

A: Journal: It is the primary book of accounts where all the business transactions are recorded at…

Q: by the company were a $500 machine test fee and a $500 shipping service fee. The machine can be used…

A: Depreciation is the amount which is to be reduced from value of assets to recognise the normal…

Q: How much is classified as property, plant and equipment?

A: The following amount will be classified as Property, Plant and equipment Particulars Amount 1)…

Q: Accounting A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If…

A: the correct option with proper explanation are as follows

Q: Current Attempt in Progress Nieto Company's budgeted sales and direct materials purchases are as…

A: Cash sales for March = 250000×30% = $75000

Q: Answer the following : What is Special Journals? In your own words describe and explain clearly and…

A: Special journal is the journal which helps to record the financial transactions, In this each…

Q: In 1986, the AICPA broke forensic accounting into two broad areas: Damages and taxation.…

A: Forensic Accounting: Accounting and investigation methods are used in forensic accounting, which is…

Q: Which method of depreciation is suitable when expenditure on repairs and maintenance, increases as…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: You are the Treasurer for Short Run Sports Club and the manager asked you to prepare the financial…

A: Trading Account  is a part of Income Statement that shows the Gross Profits earned or the Gross…

Q: The company’s budgeted sales for the coming year are P30,000,000 of which 70% are expected to be…

A: The company makes cash as well as sales on account. The sales on the account become the accounts…

Q: You were engaged by CPA Co. to audit its financial statements for the first time. In ex: you found…

A: Retained Earnings- Retained earnings are the accumulated portion of a company's profits in a fiscal…

Q: Provide the term that best describes the statement in Column A. In your answer book just write the…

A: Accrual con cept states that the expenses and revenues are recorded when accrued not when the cash…

Q: r balances of Nizwa Bank as on 31 st Dec.20 OMR (o00.) 2,500 Share Capital 1,500 Statutory Reserves…

A: Income Statement- An income statement is a financial statement that shows an organization's income…

Q: Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its…

A: a Expected Revenues for S2BU for Each Month     April May June July August September   Number of…

Q: On January 31, 2020 Fred has a 50,000 foreign currency denominated Accounts Payable due in 1 month.…

A: On January 31, 2020,  Foreign Currency denominated Accounts payable in 1 month = 50,000 Spot…

Q: Your daughter is born today and you want her to be a millionaire by the time she is 35 years old.…

A: Annuity refers to the payment made at each year at a specified interest rate to have a desired sum…

Q: Bonita Industries has 33000 units in beginning finished goods. If sales are expected to be 60000…

A: Introduction: Finished goods are items that have been completed by the manufacturing process or…

Q: The data shown were obtained from the financial records of Italian Exports, Inc., for March:…

A: The direct expenses of manufacturing the goods supplied by a business are referred to as the cost of…

Q: Put this transaction on the accounting equation: Invested R500000 into capital as a fixed deposit

A: Accounting equation is one of the important part of accounting. Three main and important elements of…

Q: On January 1, 2014, Mr. Albuera invested P2,000,000 in the six-year time deposit of Sulu Unibank…

A: Answer:- Time deposit meaning:- A time deposit, is a fixed-term interest-bearing bank account. It…

Q: What is the amount of ending retained earnings in the following case? Beginning retained earnings =…

A: Retained earnings is the amount of earning retained by the company out of its profits.

Q: What is the taxable compensation income of an employee who received the following: Gross…

A: Taxable Income: - Taxable Income is the adjusted gross income upon which income tax is imposed. It…

Q: partnership, with capital contributions of $500,000, P250,0 ,000, and $200,000, respectively.…

A: Solution Calculation of share of profit Net income after tax = 300,000 Sharing ratio of partners =…

Q: The Phibbs Company paid total cash dividends of $200,000 on 25,000 outstanding common shares. On the…

A: In this question, we need to calculate dividend yield of the Phibbs Company with the given data. Let…

Q: You plan to go to Asia to visit friends in three years' time. The trip is expected to cost a total…

A: Total amount required for the trip is $ 10,000 Maturity amount of certificate of deposit = $ 5,000 *…

Q: ed in the physical count of inventory is P140,000 of merchandise purchased on Dec.26 from Standing.…

A: The answer has been mentioned below.

Q: TRANSACTION IMr. U contributed 600,000 Obtain loan 400,000 3Purchased Inventory 200,000 cash basis…

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

Q: Ratio of liabilities to stockholders' equity The following data were taken from Alvarado Company's…

A: Liabilities to stockholders equity ratio  = Total liabilities/Total stockholders equity

Q: Identify if TRUE or FALSE If the adjusted cash balance is P10, the unadjusted cash balance is P8…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: GIVEN: • Taxpayer is a non-stock and non-profit educational institution. • It has been granted with…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Which of the following would not be included as a reconciling item in reconciling the governmental…

A: Reconciliations helps in detecting the mistakes, errors, frauds by checking the accuracy of the data…

Q: the absence of agreed profit distribution among partners, the most equitable way to distribute net…

A: The partnership comes into existence when two or more persons agree to do the business and further…

Q: EN: Taxnaver is a proprietary education

A: Proprietary Educational Institutions: These institutions are the private school which are non-profit…

Q: What is the controllable margin for the year?

A: Controllable margin refers to a margin which is expected from a balanced and controlled process of…

Q: Mary operates a famous company in Canada, selling down jackets. She is planning to establish…

A: The answers for the questions on operating a business through branches in a country other than its…

Q: $40,000 6,000 Net income Depreciation 2,000 (800) 1,800 8,000 Increase in accounts receivable…

A: Net cash provided by Operating activities = Net Income + Depreciation expense - Increase in accounts…

Q: Define Liabilities and Equity

A: its assets, debts, equity (equity) equity, short- and long-term loans, and other related items A…

Q: Problem 3 On January 1, 2021, CPA Co. acquired 15,000 ordinary shares out of 100,000 outstanding…

A: The net income of the company means the income of the company that comes after deducting all the…

Q: A healthy company will generate positive cash flows from operations, some of which will be used to…

A: Solution Concept Cash flow refers to the actual cash receipt and payment made by the business It…

Q: How much is the total gross income subject to regular income tax if a domestic corporation reported…

A: Gross income includes the total income which is subject to tax.  Domestic corporation means the…

Q: ABC Partnership has the following capital balances and profit and loss percentages. A (50%)…

A: Goodwill is the difference between the price paid for an acquired company and the price not assigned…

Q: Then, prepare the journal entry assuming the payment is made within 10 days (the discount period).

A: Formula: Net sales = Sales - discount where, Discount = Sales x discount rate

Q: This characteristic explains why partners have a right to choose or refuse who they want to be…

A: A partnership is a form of business that agrees to carry a business and share the profits according…