Which of the following changes the total shareholder's equity balance?   Issuance of share certificates due to subscription receivable  fully paid Declaration of cash dividends Issuance of share rights Declaration of large bonus

Q: The company determines that the interest expense on a note payable for the period ending December 31...

A: Journal is the book of original entry in which all the financial transactions of the business are re...

Q: The Diversified Portfolio Corporation provides investment advice to customers. A condensed income st...

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Q: On January 1, 20x1, ABC Corporation purchased all of XYZ Corporation's common stock for $1,200,000. ...

A: Introduction Consolidated Retained Earnings is the amount of retained earnings that is presented in ...

Q: A father wants to set aside money for his 5-year old son's future college education. Money can be de...

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Q: Reg 1 and 2 Reg 3 The company's business conditions are improving. One possible result is a sales vo...

A: Flexible Budget: It is the budget that is adjusted to the  volume level of company and continuously ...

Q: er part (d) and s

A: As per requirement, the part d is solved.

Q: Ray Company’s trial balance at Dec. 31, 2018 included the following account                        ...

A: Introduction:- Bad debt expense is recognized in the income statement as an expense. which are accou...

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Q: Methods of controlling various elements of working capital are

A:  Effective working capital management optimizes the operating cycle , minimize the cost of working c...

Q: e of th

A: Given: Jordan Company for P120,000 Trademark totaling P30,000 

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Q: answer no. 17 only, pleasee, I only need the schedule of safe payments

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Q: The Felton and Burchell Partnership has partner capital account balances as follows: Felton, Capit...

A: Existing Capital = Felton, Capital + Burchell, Capital Total Capital = Existing Capital + New Capita...

Q: Lampierre makes brass and gold frames. The company computed this information to decide whether to sw...

A: The calculation of total estimated overhead cost has been made as follows: Total estimated overhead ...

Q: Amount Percent Amount Per $ 148,000 100.00 S 148,000 10 88,800 60.00 44,400 34

A: MOS is the dollar amount in which actual sales volume exceeds the break-even sales volume. The margi...

Q: The CEO of Barney the Dino Limited wishes to prepare a cash flow budget to estimate the company's ca...

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Q: PROFITABILITY RATIOS Gross Margin= Gross Profit/Net Sales Net Profit Margin= Net Profit/ Net Sales ...

A: * As per Bartleby policy, in case question have multiple subparts then answer first three only. Gro...

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Q: Required information [The following information applies to the questions displayed below.] Stellar S...

A: >Predetermined overhead rate is the overhead allocation rate, used to 'apply' or 'allocate' the o...

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A: Introduction: Balance sheet: All Assets , liabilities and owners equity are shown in Balance sheet. ...

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Q: Korn Company purchased land, land improvements and building from Intouch Company for P28.8M and furn...

A: WHEN SEVERAL ASSETS ARE ACQUIRED AT A BASKET PRICE OR LUMP SUM PRICE , IT IS NECESSARY TO APPORTION ...

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A: Given that, Spring co. purchases the merchandise. Terms of payment = 2/10, n/30 Accountant = Mel Rya...

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Q: liquidation of the partnership: Below is the balance sheet of Gold Ace Company immediately P500,000....

A: When the partners are unable to bring in their share of losses, the partners with positive capital b...

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Q: Dow Deep Mining Co acquired mineral rights for S56,000,000. The mineral deposit is estimated at 70,0...

A: Formula: Depletion rate per ton = Mineral rights value / Estimated Tons

Q: 3. What should be reported as noncurrent liability from this transaction at December 31, 2021 after ...

A: Note payable is the payable which a company is having which must have to be repaid by the company to...

Q: Delow is the balance sheet of Gold Ace Company immediately liquidation of the partnership: P500,000....

A: Statement of liquidation shows the net cash available to pay the creditors and the partners.

Q: s totaling P500,000 on account. lies amounting 50,000 cash. amounting to P800,000, on account. amoun...

A: Hyrule Motors is a motorcycle repairs and maintenance services provider. Some transactions for the m...

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Q: The following data refer to Solaris Power Ltd for the financial year ending 31 December 2021: Sales ...

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...

Q: Required information [The following information applies to the questions displayed below.] Burlingto...

A: >Predetermined overhead rate is the overhead allocation rate, used to 'apply' or 'allocate' the o...

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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: Page 4 of 4 12. Mr. Bean receives a monthly basic salary of P38,000. He also receives P2,000 monthly...

A: Total Compensation = 38000 +2000 +2000 +500                                    = php 42,500

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Q: hite purchased land with a current market value of $144,000, a building with a market value of $18,0...

A: Total market value of land, building nd equipment = $144, 000 + 18000 + 18000 =$180, 000

Q: Anthony's basis in the WAM Partnership interest was $200,000 Just before he received a proportionate...

A: The profit or loss of partner of firm on liquidation will be difference between the basis of the par...

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A: Regressive behavior implies the individual regresses or unlearns the things which he/she was already...

Q: Mavic Enterprises Post-Closing Trial Balance Dec. 31, 20X1 (in Philippine Peso) TITLE Dr Cr Petty Ca...

A:   Statement of Financial position (Report Form) Assets   Amount (P) Current assets      Petty...