Which of statements about the contribution income statement is correct? Group of answer choices

Q: Grow Company declared and distributed a 15% share dividend with fair value of P2,500,000 and par…

A: Share premium on share dividend is recognized at the amount of fair value over the par value of the…

Q: )What are the motivations behind DeFi?

A: Q-1 ) (c) 1,2,3and 4 Q-2) (b) 1,2,and 3

Q: Blossom SE has the following data at December 31, 2020. Securities Cost Fair Value Trading €118.200…

A: Lets understand the basics. Journal entry is required to make to record event and transaction occurs…

Q: Trial balance Salman, capital Advertising expense Accounts payable Sales commission revenue Land…

A: Answer:-  Trail balance meaning:- A trial is a basically the list of entire general ledger accounts…

Q: Return on year end capital employed is  profit before tax + interest  / capital employed  How do…

A: Introduction:- Return on capital employed is used to comparing the performance of companies. It is…

Q: Question 4* McLaughlin Corp., a publicly accountable entity, operates a defined benefit pension plan…

A: Introduction: Under defined benefit plan, the pension that employee receives after retirement is…

Q: The chart of accounts for Corning Company includes the following: Account Name Account Number Cash…

A: Posting reference is the number that is used to connect the journal entry and the ledger. It is also…

Q: 49. The taxable income is a. P9,200,000 c. P8,200,000 b. P7,500,000 d. P7,430,000

A: Calculation of Taxable Income: Gross Income, Philippines = P10,000,000 Less: Allowable Itemized…

Q: Logano Driving School's 2017 balance sheet showed net fixed assets of $2.4 million, and the 2018…

A: Net capital spending represents the amount recompensed by an entity in order to maintain its fixed…

Q: A fixed capital investment of ₱11,000,000 is required for a proposed manufacturing plant and an…

A: The rate of return is the percentage measure of the earnings of the company with respect to the…

Q: Learning Task 2: Journalize the entries for the following adjustments on December 31, the ed of the…

A: The adjustment entries are prepared to adjust the revenue and expenses of the current period. The…

Q: Bahrain Company makes snow blowers. It has two departments that process all products: Assembly and…

A: The equivalent units are calculated on the basis of percentage of the work completed during the…

Q: PT ABC has two production departments, namely departments A and B to produce its products. The…

A: The total cost of producing a product, including raw materials and operating costs, is detailed in a…

Q: we know that depreciation is linked to the net cash flows of the company's investments. In fact, any…

A: Cash Flow from Investing Activites: It is  the cash flow  related to  investment activities , that…

Q: OSE Corporation's articles of incorporation provides for the issuance of 100,000 ordinary shares.…

A: The dividend is the distribution of the portion of profit earned by the company. The dividend is…

Q: What is the variable overhead spending variance for the product for November?

A: Spending variance is the variance which is used by the company and computed to know about how much…

Q: 19.ABC Corp bought goods for P25000. Terms : 2%, 3% 2/10, n/30 FOB Shipping point Freight Prepaid.…

A: Under net method, the purchase amount is recorded after adjusting cash discount at the time of…

Q: RATIO ANALYSIS Liquidity Ratio Current Ratio Solvency Ratio Debt to Equity Ratio Debt to Assets…

A: Below explaining each and every ratio: Current ratio: Formula: current asset / current liabilities A…

Q: How should exchange gains or losses resulting from foreign currency transactions be accounted for?…

A: Lets understand the basics. Foreign currency transaction are transaction which not made in home…

Q: Examine the purpose of the accounting function within an organization.

A: Accounting is the art and science of identifying, recording, classifying, summarising, and…

Q: Richard is a sales representative receiving an annual salary of ₱120,000 plus commission on all his…

A: Gross earnings refer to the total amount earned by a person before any deduction for the taxes,…

Q: Mara’s employer provides each employee an amount of P8,000 Christmas Bonus. How much of the bonus is…

A: In the purview of the given question, we are required to compute the tax on the bonus, and net…

Q: Arabian Gulf Corporation reports the following stockholders' equity section on ecembe - Common…

A: The stock dividend increases the number of shares issued and decreases the retained earnings when…

Q: Work through the self-study problem in this section if you need to, but do not post your answer.…

A: Taxation on income is a type of direct taxation which is paid by citizens of a nation on the income…

Q: Your company is considering a project which will require the purchase of $715,000 in new equipment.…

A: An annual deduction withinside the Canadian earnings tax code that may be claimed on the depreciable…

Q: Current Year Previous Year Accounts payable $67,712 $52,900 Long-term debt 30,966 39,700 Based on…

A: Formula used: Amount of change = Current year - Previous year Deduction of previous year value from…

Q: counts Payable counts Receivable paid Insurance sh awing al assets are . $7,934 p. $3,947 $434 Fees…

A: Total assets are the value of everything a person has after all assets and obligations have been…

Q: Bramble Company manufactures a product with a unit variable cost of $41 and a unit sales price of…

A: Note: In the special order question, firstly the relevant cost for the special order is calculated.…

Q: information owing information applies to the questions displayed below] o and Janine Jackson have…

A: Tax refers to the compulsory charge implied by the government over the income gained by an entity.…

Q: A. Ronel is a broker who earns a commission of 3½% of all securities sales that he makes. For the…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Division A and Division B are divisions within the same company. The managers of both divisions are…

A: The price at which connected entities transact with one another, such as during the trade of goods…

Q: Prepare journal entries Oct 7 Sold merchandise on credit to Lacson Retailers terms n/30, FOB…

A: The term n/30 means the payment on sale or purchase made on credit is due within 30 days from the…

Q: Classify each of the following as a(n): A.Operating Activity B.Investing Activity C.Financing…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: Which of the following statement is CORRECT about the foundational assumption used in CVP analysis.…

A: CVP analysis means the cost-volume profit analysis. This analysis in cost management is done to have…

Q: In accounting for lease contracts, companies reporting under U.S. GAAP O are required to treat the…

A: ASC 842 is an accounting standard that deals with accounting of leases.  Leases are two types.…

Q: Bill's Barber shop signed a one-year 7% bak loan payable in the amount of 5,000 on April 1,…

A: The loan is a liability reported under the head liability on the balance sheet of the company. The…

Q: Income Statement Information (2021): 1. Net income for the year ending December 31, 2021 is $43,500.…

A: Cash flow from operating activities The cash flow statement represents the statement of inflow and…

Q: Which of the following types of transactions would be reported as a cash flow from investing…

A: issuance of bonds payable: financing activity issuance of capital stock: financing activity purchase…

Q: The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and…

A: Cash Flow From Operating Activities= Cash Flow From operating Activities Include the cash flow…

Q: In its first month of business, Soles for Souls, Inc., started and completed 5,000 shoes and sold…

A: The cost of goods manufactured is the cost of each product that is manufactured in the manufacturing…

Q: Which of the following option is correct regarding difference in activity-based costing when…

A: Simple costing and activity based costing does not yield in similar since the cost drivers will…

Q: What is the answer question (A ) only??

A: Lets understand the basics. Management calculates the cash collection and cash payment for the…

Q: Illustration. The balance sheet of Mateo Roa on Oct. 1, 2021, before accepting Martin Penaco as his…

A: The conversion of sole proprietorship business into partnership business is done by transferring all…

Q: logs

A:

Q: Units of concrete panels produced and sold Sellling price Direct Materials (volume of concrete)…

A: Operating Income: Operating income is an amount determined from the income and expense statement. It…

Q: Discuss what you consider as effective board practices

A: Answer An effective board of directors is critical to the success of any organization.  Clear,…

Q: Calculat ed sales vc ted price p

A: The working table is given as, Note 1: Total Direct Variable Cost  I II III IV Estimated sales…

Q: Account Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation Accounts…

A: An income statement is a basic financial statement that reflects the income and costs of the firm.…

Q: e following

A: 1. B should proceed with merger

Q: Explain the reasons for the need of corporate governance code

A: Corporate governance is the bedrock of any successful company. It refers to the procedures, methods,…