What type of account is Aaron Pickle, Capital?      Asset         Liability         Owner’s equity         T account

Q: i need question 33 answered

A: MACRS depreciable amount= Purchase amount- Sec 179 expense = $ 510000- $ 500000 = $ 10000  

Q: Upon reviewing the draft of the financial statements for the year ended, December 31, 2022, Alocasia...

A: Following is the correct option.

Q: How much is charged to Retained Earnings?                                    a. 1,250,000

A: 1. Meaning of Bonus shares:  Bonus shares means additional shares issued to existing shareholders wi...

Q: Parent Company acquires Subsidiary Company on September 1, 2020. Parent seeks an independent valuati...

A: Goodwill is an intangible asset that is associated with the purchase of one company by another. Spec...

Q: Gladstone Company issues 114,000 shares of preferred stock for $38 a share. The stock has fixed annu...

A: Solution..   Number of preferred shares = 114,000  Par value per share = $9  Rate of dividend = 9% 

Q: The audit of historical financial statements should be conducted by the CPA professionals in accorda...

A: The correct answer is given in the following steps for your reference. 

Q: The retained earnings immediately after the combination is!

A: Retained Earnings immediately after the combination includes: a)Parent Company Pre combination Retai...

Q: Danner Inc. has projected sales to be $100,000 in June, $90,000 in July, and $70,000 in August. Dann...

A: Cash collections in August = Collection from August sales + Collection from July sales + Collection ...

Q: Items 19 to 20 are based on the following information: You have been assigned to audit the financial...

A: Given accounts receivable balance before adjustment = P9,190,000 Allowance for doubtful debts is 5% ...

Q: Prosperity Company holds 40% of the voting rights of MNO Co. The remaining shares was held by thousa...

A: The rights of the investment holding to other companies are determining the the percentage of voting...

Q: Alpha Ltd has the following information relating to its production activity for the year: Direct lab...

A: Conversion costs = direct labor + manufacturing overhead costs Prime costs = raw materials + direct ...

Q: Brislin, Humphreys, and Watkins share income and losses in a ratio of 3:2:5, respectively. The capit...

A: Brislin agrees to pay Watkins $188,000 for one-half of his capital interest and Humphreys agrees to ...

Q: The company’s usage of the Baumol model in cash management involves trade-off.

A: The Baumol cash management model balances opportunity cost, carrying cost, and holding cost against ...

Q: A proposed relaxation of credit standards of Bulldogs Inc. will increase the balance of accounts rec...

A: Solution..   Increase in accounts receivable = P95,000  Increase in collection period  = 3 * 7 days ...

Q: What is fiat money?

A: ANSWER FIAT MONEY IS A TYPE OF MONEY WHICH IS ISSUED BY GOVERNMENT AND SUCH MONEY IS NOT BACKED BY A...

Q: The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Bonita Co...

A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after dedu...

Q: In which of the following scenarios does the basic Economic Order Quantity model can be applied? * O...

A: Lets understand the basics. Economic order quantity(EOQ) is a quantity at which ordering cost and ca...

Q: Butcher Butcher is considering whether to invest in a new product, the Zam. Details of the Zam are a...

A: Capital budgeting is basically discovering, assessing, and choosing investments to determine a compa...

Q: average total assets 305,000 turnover 4.0 What is total sales

A: Total assets = 305,000 Asset turnover ratio = 4.0

Q: Amortization schedule. Principal Repayment [4=2-3] 88,768.32 95,869.79 103,539.37 Beginning Book End...

A: In this question answer is already given but student want to know that how beginning book value is c...

Q: The condensed balance sheet of C Company as of December 31, 2020 is shown below:   On January 1, 2...

A: Business combination refers to the combination of transaction or event under which the investor enti...

Q: Bulldogs Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock s...

A: New par value per share = Current par value per share x 1/ stock split ratio where, Current par valu...

Q: ulldogs Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock sp...

A: The coupon interest rate is the cash flow that comes from bonds. The coupon is fixed rate interest a...

Q: Anderson Publishing has two divisions: Book Publishing & Magazine Publishing. The Magazine division ...

A: Calculation of direct fixed cost & common fixed cost : Particulars  Book Division  Magazine ...

Q: gross profit variance analysis is most correct?

A: b. All of the choices are correct.  

Q: Exercise 7-11 (Algo) Unearned revenues—customer deposits LO 3 Skip to question   [The following inf...

A: Journal Entry The basic process of accounting work is to journalize the required transaction into de...

Q: 30. On January 1 2021 parent co. acquired 80% of subsidiary inc.’s outstanding stocks for 1,600,000 ...

A: In case of business combination we can measure the goodwill or bargain purchase using the below ment...

Q: Parent Company acquired Subsidiary Company in two stages: • In 2017, Parent acquired a 30% equity in...

A: Goodwill is an intangible asset which is reported under the fixed assets on the balance sheet of the...

Q: Calculate the fixed cost per unit Production Fixed costs Fixes cost per unit 40 100,000 (1- .) 50 10...

A: Fixed cost per unit = Total fixed cost Number of units produced 

Q: How are conflicts between the shareholders and the management created? Which of the following is mos...

A: Management group might be more ready to take on more significant levels of chance, while shareholder...

Q: Bulldogs Inc. is given terms of 2/10, net 45 by its suppliers. If Bulldogs Inc. forgoes the cash dis...

A: Cash discount if paid within 10 days= 2%

Q: On January 1, 2021, Mama Company purchased a machine for P2.750,000. The machine was depreciated usi...

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage a...

Q: Kim Locke and Mary Leigh Coker have capital accounts of $430,000 and $484,000, respectively. Jeff Do...

A: Note: Consideration paid to Locke and Coker for purchasing the share in partnership is not relevant ...

Q: 10,000 ordinary shares of P10 par value.  The options call for a price of P25 per share and are exer...

A: Compensatory share options are the shares given to the employee's or other with the option to buy at...

Q: When share appreciation rights are granted to employees expense  and liability accounts are recogni...

A: Liability and equity along with assets are presented in the balance sheet of the company that shows ...

Q: GBX Corporation acquired 80% of the outstanding shares of UMD Company on June 1, 2017 for P3,517,500...

A: Non-controlling interest includes those shareholders who own less than 50% of the outstanding shares...

Q: Pharoah has 21,200, $4 noncumulative preferred shares issued. It paid the preferred shareholders the...

A: Error in accounting entry can be corrected by either reversing entry which is incorrect and entering...

Q: Crane Electric sold $6,240,000, 10%, 10-year bonds on January 1, 2022. The bonds were dated January ...

A: The bonds are issued at discount when market rate is higher than the coupon rate of bonds. 

Q: View Policies Current Attempt in Progress Maple Leaf Foods Inc. reported the following selected info...

A: Solution..   net accounts receivable  = gross accounts receivable - allowance for Doubtful debts  20...

Q: The economic order quantity of Bulldogs Inc. is 1,000 unit. They sold their sole product for a selli...

A: ECONOMIC order quantities is a order quantity which there is minimum holding and carrying cost invol...

Q: Coby is plumber who engages Peter to buy materials on his behalf. Peter is given a limit of $1,500 o...

A: Agency is simply an agreement by one person (the principal) in terms of which they transfer authorit...

Q: Cabrera Enterprises, a company that produces and sells a single product has provided its contributio...

A: Solution: Contribution margin per unit = Contribution margin / Nos of units = $813,750 / 52500  = $1...

Q: 10.  A project is predicted to make an NPV of £24m in a boom, £16m in a medium growth economy and lo...

A: ANSWER THE CORRECT OPTION IS A)£10m THE EXPECTED NPV IS A)£10m COMPUTATION OF EXPECTED NPV   NPV ...

Q: ACC 307 – HW #4 – Chapters 7 and 8 The Beal Manufacturing Company’s costing system has two direct-co...

A: Note: As per our guidelines only the first three subparts will be solved   1. Particulars Per uni...

Q: A firm with seasonal sales would probably select which of the following types of loans from a bank t...

A: Seasonal sales where the products of the company would be sold only in particular season of the year...

Q: Bulldogs Inc. wants to analyze its variances in its actual and budgeted operation. · There is no dif...

A: Sale price variance = (Actual sales price per unit - Budgeted sales price per unit) x Actual no. of ...

Q: a long dispute, AA, BB, and CC decided to liquidate their partnership. Their capital balances as of ...

A: The last preferred options in case of partnership phase liquidation which is considered to be most p...

Q: anther Inc common stock is selling for $58.77 per share. The company pays a constant annual ividend ...

A: Solution:  Dividend is the amount of profits  that is paid by the company to its shareholders. In th...

Q: 21. Parent company acquired 15% of subsidiary company's common stock for 500,000 cash and carried th...

A: Consolidation statement:- When one company takes over another company's share by paying purchase con...

Q: EXAM LOSS ACCOUNT WIT

A: In this question, we have to make trading and profit and loss account and balance sheet. The sharing...