Which of the following bond is the safest?  Treasury Bonds Corporate Bonds Savings Bonds

Q: Assume that on December 31, 2019, Kimberly-Clark Corp. sgns a 10-year, non cancelatie lease…

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

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A: Interest expense on note payable is the amount of interest accrued on note payable calculated at the…

Q: What does a balance sheet show?

A: Balance sheet consists of all assets, All liabilities and owners equity.

Q: QUESTION 23 During the year of 2021, Bradford Corporation, an S Corporation has a recognized…

A: The answer for the multiple choice question and relevant working are presented hereunder : What is…

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A: Routine transactions, such as customer billings and supplier invoicing, should not be recorded using…

Q: he Break Division

A: Operating income is used to calculate the profits or the entity's cash flow. A residual is an amount…

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A: Markup means the percentage margin either on cost or sales price.

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A: Net Sales is the sales revenue after deducting sales returns from the gross sales. Cost of goods…

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A: Introduction: The book value of a firm is the amount of money that shareholders would get if assets…

Q: Sales budget data for Paige Company are given in BE9.2. Management desires to have an ending…

A: Solution: Budgeted production units is computed as = Budgeted sales units + Desired ending inventory…

Q: The purpose of providing for depreciation in the statement of comprehensive income is to: O a.…

A: Depreciation refers to a decrease in value of asset over its useful life due to factors such as…

Q: Glenn is an accountant who races stock cars as a hobby. This year Glenn was paid a salary of $80,000…

A: Introduction:- The following basic I formation as follows under:- Glenn have hobby of races stock…

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A: Units = 3300 Sale Price = 2025 Variable Cost = 1530 Contribution = 495 per Unit Total Contribution =…

Q: Question 1 1. Pioneer Ltd is a company operating in the retail sector. The beginning inventory of…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

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A: A contingent liability is a potential responsibility that may develop in the future, such as pending…

Q: Which of the following is a basic element of effective budgetary control?a. cost behavior patternsb.…

A: Budgeting is a process that involves estimation of total costs and revenues of a firm over a…

Q: 1.) According to the Organization for Economic Co-operation and Development, corporate governance…

A: Governance is important part of the business.because there need to be coordination between the team…

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A: Lets understand the basics. Management prepares master budget and various budgets based on the…

Q: an. Sold Private car for aF 4000 and bought a nw one for buines from proceed plus 7 S000. from fice…

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A: In this question, firstly we calculate the estimated uncollectible receivables by multiplying the…

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A: Total Cost Recovery Cost recovery ratio. Because it is the ratio of fare income to total operating…

Q: What is a trial balance?

A: The accounting is a process to classify the transactions, record the transactions and post the…

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A: The amount of the lease liability is recognized on January 1, 2022. Journal entry

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A: Production Budget Template: Estimated Sales for the Quarter XXX Add: Desired Ending Inventory…

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A: Cash flow statement as per revised format is available as under:

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A: The answer for the multiple choice question and relevant working are presented hereunder : Gray…

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A: Statement I is False Pro forma, a Latin term that means “for the sake of form” or “as a matter of…

Q: Transactions for petty cash, cash short and over Cedar Springs Company completed the following…

A: Petty Cash: The money that is kept on hand at a business or firm for the purpose of making little…

Q: 6,864,000  Less: Fixed costs (incl. advertising) 4,011,744   Operating income $2,852,256

A: An income statement is a financial statement that displays a company's revenue and costs. It can…

Q: In Step 1, operating income. I understand where the 84,000 comes from but where does the 6,000 come…

A: Solution: Return on investment is computed as = Net operating income / Average operating assets…

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A: Introduction: The total amount of income made by a person or a corporation over a period of time is…

Q: The conventional retail inventory method is based on:   Multiple Choice   Average cost.   LIFO…

A: The conventional retail method is based on the relation between the cost of the product and the…

Q: . Jackie Chan Leasing signs an equipment lease contract with Chris Tucker on January 1, 2022. The…

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

Q: Why did you put 2019 and 2020, when all expenses incurred in 2021 or 2022?

A: Taxable income refers to the base upon which an income tax system imposes tax. In other words, the…

Q: QUESTION 25 Betty Corporation, a calendar year S Corporation, has an Operating Loss of $80,000 and a…

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A: calculation of expected sales in 2021 are as follows

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A: Cash and Cash Equivalent It is important for the business entity to segregate the Cash and Cash…

Q: On January 1, 2021, Kendall Inc. began construction of an automated cattle feeder system. The system…

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A: Introduction: Depreciation is an accounting method for allocating the cost of a tangible or physical…

Q: What is accounting? Explain FOUR functions of accounting

A: Accounting plays an important role for managers to analyze the financial resources of the company.

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A: Doubtful debts are those accounts receivables from which it is doubtful that whether due amount will…

Q: Inventory valuation is the cost associated with an entity's inventory at the end of a reporting…

A: Introduction: Inventory is a type of asset that is also sold during normal business operations.…

Q: GH¢ GH¢ GH¢ SAT LTD 58,000 4,000 12,000 12,000 30,000 NAN LTY 55,000 12,000 8,000…

A: Debtors refer to those customers who have purchased the goods on credit but the amount is yet to be…

Q: Sy Co. has the collection schedule of 65% during the month of sales, 15% the following month, and…

A: Lets understand the basics. Cash collection schedule is prepared by management to know the cash…

Q: The following table shows the effect of an import tariff on the nation of Isoland. Complete the…

A: A tax that is being imposed by one country on the goods and services that are being imported from…

Q: Advanced Physics please answer this question on excel for a quick upvote 2.79 Find the present worth…

A: Present worth indicates the computation of the present value of the amount invested with respect to…

Q: 9) Omani Company reported equity of RO 130,000 on March 1. During the month, The Company generated…

A: Formula: Ending equity = Beginning equity + additional investments + Net income - Dividends

Q: List the five account categories, specify their natural balance and which financial statement they…

A: Accounting is the process of recording the financial status of the business. Accounting involves…

Q: Had the company used labor hours as a companywide allocation base, how much overhead would it have…

A: a. Single rate used labor hours as a company-wide allocation base = Estimated overhead / Estimated…