Which is not a Risk Assessment Procedure? a. Ratio Analysis b. Observation of Activities c. Account Receivable confirmations d. Inspection of Documents e. Inquiry of Internal Auditors

Q: Nine months ago you paid $160,000 for a tract of timber that you are using as an investment. At time…

A: Solution:  1.The total amount of federal tax due on the recently harvested timber would be $3,360.…

Q: ash Ccounts receivable quipment, net and tal assets Current Year $7,440 54,000 44,000 91,680…

A: Introduction:- Horizontal analysis is helps to measure of a company's financial statements over a…

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Q: April 3 Purchased merchandise for $2,900 on credit from Seth, Incorporated, terms 1/10, n/30. April…

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Q: Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands…

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Q: A firm has the calendar year as its fiscal year. In January 2020, a Court delivers a ruling on a…

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Q: What is the concept called when a decedent has not left a will?   Multiple Choice dying testator…

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A: The statement of cashflow shows the inflow and outflow of cash transactions.

Q: Beta Company's budgeted prices for direct materials, direct manufacturing labor, and direct…

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Q: Panhead’s Bike Shop had net sales of $382,500 and the cost of goods sold were $172,300. Operating…

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Q: During the current year, merchandise is sold for $48000 cash and for $336000 on account. The cost of…

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Q: rcises 12-13 below. (Algo) e following information applies to the -stions displayed below.] Gato…

A: Del Gato Clinic Bank reconciliation 30-Jun     in $     in $ Bank…

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Q: The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2022. The…

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Q: QUESTION 4 On September 1, Sky Mountain Company borrowed $58,000 on a 6%, 9-month note payable to…

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Q: Kennedy, Inc. reported the following data: Net income Depreciation expense Loss on disposal of…

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Q: Corp. open up a business with an investment of P50,300 on November 1, 2022 from his saving account…

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Q: Please note; $45,383,919.96 is not correct  The options are: $47,554,834 $45,465,040…

A: To find the size of the bond, you need to use the present value formula: PV = FV / (1 + r)^n where…

Q: Assuming total asset turnover is revenue divided by average total assets, impairment write downs of…

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Q: Lincoln Liberty Limited issued 8,000 shares of $10 par value common stock at $36 cash per share. At…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Entities A and B are identical in all respects, except for their application of IAS 16 Property,…

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Q: 8) On July 1, 2022, Chester Aguilar acquires 1,000 shares of a foreign company at 10 Foreign…

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Q: Calculate the break-even point in units. units Calculate the break-even point in sales revenue.…

A: Introduction:- CVP analysis is used to identify the changes in costs and volume affect a…

Q: Amazon Services, Inc. invests its excess cash in Nile Technologies, Inc. and acquires 3,000 shares…

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Q: Question 3 Rizza borrowed PhP20,000 payable with interest that is compounded quarterly at 9%. How…

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Q: The total assets of Best Service is P500,000. Twenty percent (20%) represents the claim of the…

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Q: Which of the following describes the operating activities section of the statement of cash flows? It…

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Q: Drop in company's bad debt expense estimate indicates an improvement in collectability from…

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Q: Assume that a company is considering purchasing a machine for $100,000 that will have a seven-year…

A: Answer  Useful life of  machine  = 7 years  Required  rate of return  = 17% Present value of annuity…

Q: An attempt by a debtor to solve a financial problem through a consensual agreement with creditors…

A: Since you have posted multiple questions, we will do the first one for you. Please post the other…

Q: ges Payable ges Expense ges Payable ages Expense 71,500 57,000 57,000 71,500 71,500 57,000 57,000…

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Q: Assume that a company is considering a $2,500,000 capital investment in a project that would earn…

A: INTRODUCTION: The simple rate of return is the estimated incremental net income from a prospective…

Q: Jerome Company provided the following information for the month of December 2022: Balance per bank…

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

Q: Provincial Packages, Inc. operates a local parcel delivery service. The company keeps detailed…

A: Solution..     Total cost  = Cost per kilometres * distance travelled  At 122,000 km  = $0.085 *…

Q: Assume a company's direct labor budget for July estimates 10,000 labor-hours to meet the month's…

A: Solution...     Cash disbursement for manufacturing overhead

Q: At the beginning of 2022, Metatec Incorporated acquired Ellison Technology Corporation for $590…

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Q: Pertinent information for two alternatives A and B is shown below. If i=10% / year and the effective…

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Q: is invested at 12% monthly? A) 3 years B 2.4 years C) 2.2 years D) 2.6 years

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Q: Use the following information for the Exercises below. [The following information applies to the…

A: Journal entry is the primary step to record the transaction in the books of accounts. The increase…

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A: If there is a loss in any business activity then such loss can be adjusted with the other income. If…

Q: hase a used sports utility vehicle costing $30,000 by taking out a 9% add-on installment loan. The…

A: Answer : Cost of Vehicle = $30,000 Down payment = $30,000*15% = $4,500 Interest rate = 9% Time = 5…

Q: In 2XX1, Pasta Corporation is suing Pas-Tah Company for trademark infringement for $2 million. Pasta…

A: A contingent asset is a possible asset that is dependent on future uncertain events which are not in…

Q: De Corporation has the following information for the month of March: ost of direct materials used in…

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Q: U.S. corporations are eligible for a foreign tax credit for withholding taxes imposed on dividends…

A: Introduction:- Discussion of issue" U.S. corporations are eligible for a foreign tax credit for…