Which of the following costs related to computer software is capitalized to an intangible asset account?   Question 4 options: a Costs of duplication and reproduction of software for sale b Development costs before technological feasibility is achieved c Coding and testing costs incurred to establish technological feasibility d Coding and testing costs incurred after technological feasibility is established but before the product master is completed

Q: Eddy Co. is indebted to Cole under a P400,000, 12%, three-year note dated December 31, 2019. Because…

A: Lets understand the basics. When there is financial difficulties arise to borrower and borrower is…

Q: Li Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal,…

A: The cash receipts journal follows the basic rule of accounting, which states that you should debit…

Q: question 6 b) Labu Labi Sdn Bhd closes its accounts annually on 31 December. On 3 May 2022, the…

A: A hire purchase arrangement is one that is made when a consumer purchases highly expensive things.…

Q: Crane Company budgeted costs for 35000 linear feet of block are as follows: Fixed manufacturing…

A: Flexible budget is prepared based on the actual units.  Flexible budget used the planned cost to be…

Q: Complete the production cost report using the FIFO method.

A: FIFO Method :— Under this method, it is assumed that units purchased or units in the beginning…

Q: Warner Company's year-end unadjusted trial balance shows accounts receivable of $118,000, allowance…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: The J3 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: The preference share are paid dividend each year but some time if not paid than non cumulative are…

Q: journalise the transaction

A: Promissory notes are instruments designed where the maker of the note (payer) makes a promise to pay…

Q: Hepburn Company bought a copyright for $120,000 on January 1, 2018, at which time the copyright had…

A: In straight line depreciation we assume there is uniform annual depreciation of assets and it is…

Q: Kramer’s Company gathered the following reconciling information in preparing its October bank…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: Use the journals provided in the assignment file to journalize the notes receivable transactions…

A: Journal Entries - Journal Entries are the primary level of recording transactions in the journal. It…

Q: The Corporation shareholders’ equity section of the Statement of Financial Position  includes the…

A:

Q: On July 1, 2021, Spear Co. issued 1,000 of its 10%, P1,000 bonds at 99 plus accrued interest. The…

A: Amount received from the issuance of the bonds is calculated by adding the accrued interest on the…

Q: 06 Gomez is considering a $250,000 investment with the following net cash flows. Gomez requires a 9%…

A: Present value of Cash Inflow =  The Current Value of the Future Sum of Money. PV of Cash Inflow :—…

Q: 3. Carol Stoy invested $1000 at 5% annually for three months. How much interest did she received? 4.…

A: • February month of a leap year consists of 29 days.   • Under simple interest, Amount = Interest +…

Q: Waupaca Company establishes a $350 petty cash fund on September 9. On September 30, the fund shows…

A: Introduction: A journal entry is used to record a business deal in a company's financial records. A…

Q: The following are capital stock transactions of the BBC Corporation. Apr. 1 - Authorized to issue…

A: Journal Entry :- A journal entry is the act of recording any transaction, whether one that is…

Q: Swifty has a standard of 1.2 pounds of materials per unit, at $4 per pound. In producing 3000 units,…

A: Total Materials Variance: Difference between the Standard material costs and the actual material…

Q: Provide legal basis to support your claim (if there is wrong in the schedule 4)

A: Since you have asked various questions but as our protocol is to answer to the one question only…

Q: Lawyers estimate that there is a 10% chance of losing the case. Susan Ltd incurred $8,000 in costs…

A: Acquisition analysis is prepared considering the fair value of assets and liabilities of the…

Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: Ordinary Shares: 20,000 Shares  Par Value of Ordinary Shares: P20 Preference Shares: 2,000 shares…

Q: Required formation [The following information applies to the questions displayed below.] NewTech…

A: WORKING WITH EXPLANATION:

Q: Jin Company’s income tax return showed taxable income of P4,000,000 on which a tax liability of…

A: Taxable Income: P4,000,000 Accelerated Depreciation: P500,000 Financial Depreciation: P400,000…

Q: The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always…

A: Here incurred the details of compare with the details of purchase alternatives and the lease…

Q: Swifty has a standard of 1.2 pounds of materials per unit, at $4 per pound. In producing 3000 units,…

A: Materials Variance :— Variance analysis direct material price variance is the difference between the…

Q: Wright Company's cash account shows a $29,900 debit balance and its bank statement shows $28,200 on…

A: Solution: Bank reconciliation is a process by which the bank account balance in  books of account is…

Q: In a consolidated statement of financial position, the non-controlling interest is shown: Group of…

A: Statement of financial position is one of the financial statement of the business, which shows all…

Q: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur…

A: The cash collection schedule helps to estimate the cash to be collected from customers during the…

Q: A purely self-employed individual’s gross sales/receipts and other non-operating income do not…

A: Gross sales refer to the total sales of all the transactions of sales in a particular period of…

Q: Requirement 2. Journalize in summary form the requisition of direct materials and the assignment of…

A: Under job order costing journal entries required for labor, material, overhead. At the end of…

Q: On July 1, 2020, Chikadora Company issued P4M of 16% bonds to yield 14%.  Interest is payable…

A: Issue price of the bonds = Present value of principal + Present value of interest payments where,…

Q: 7. Company A records purchases using the net price method. It an item is purchased from a supplier…

A: Under the net method, purchases are recorded at the discounted price. Purchase discount is not…

Q: In the Sunland Company, indirect labor is budgeted for $59400 and factory supervision is budgeted…

A: Flexible budget Cost :— It is multiplication of variable cost per unit & Actual unit produced…

Q: NXP Corporation issues P15 par value ordinary shares during 2021. The company received subscription…

A: The subscription received for 25000 shares at P18 per share from Mr. Navarro. He paid 45% but fails…

Q: During the current taxation year, KT Ltd., a Canadian-controlled private corporation located in Nova…

A:

Q: Q1 C: SHARIAH AUDIT AND COMPLIANCE  SUBJECT: SHARIAH AUDIT AND COMPLIANCE  PLEASE ANSWER ASAP

A: Here discuss about the details of the non compliance event which are incurred with the Islamic bank…

Q: Can you verify step 2 from the answer with error?Thanks

A: Solution b: Contribution margin per unit = Selling price per unit - Variable cost per unit = $15 -…

Q: During Heaton Company's first two years of operations, it reported absorption costing net operating…

A: Req-1   Calculation of unit product cost under variable costing:   Direct Materials $7.00…

Q: A, who was a director and secretary of R’s co-operative society, bought land at the price of…

A: Given in the question: Land Price = RM 900,000 Mr. A is the director and secretary of R Co-operative…

Q: At January 1, 2021, Café Med leased restaurant equipment from Crescent Corporation under a nine-year…

A: 1)   Effect of the lease on Café Med’s earnings for the first year  $…

Q: Would the pandemic and shortages could cause some companies to decide to use a different method of…

A: The costing methods is the methods that helps the coampiens to identify the amount spent on the…

Q: Carbon Company provides the following information about resources. Unused Resources Capacity…

A: Income statement is a financial statement that records all the expenses and income of the company…

Q: The following information pertaining to X Co.'s manufacturing operations: Inventories March 1, 2021…

A: The total cost of a product is calculated and it comprises various components which are required to…

Q: ! Required information Problem 9-7 (Algo) Retail inventory method; conventional and LIFO [LO9-3,…

A: Working Note #1:—   LIFO RETAIL METHOD    Cost Retail Purchases  $1,467,000 $2,330,000…

Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021.    Ordinary…

A: Participating Preferred Stock: Participating preferred stock is a type of preferred stock that…

Q: Bill and Brittany's father, Stuart, died in January 2021. Under Stuart's will, Stuart gave Bill his…

A: When assets are sold within 2 years from the date of acquisition, it is termed as short term capital…

Q: Purchase with Trade Discount and Sales Discount On May 30, Cecil Company purchased merchandise on…

A: Cecil Company purchase Goods from Ricci Company on credit  Ricci Company provide 25% Trade discount…

Q: Expenses are increased with: A. Debits because they decrease stockholders' equity B. Credits…

A: Expenses :— As per the accounting term is the money spent, or costs incurred, by a business in their…

Q: Wendell’s Donut Shoppe is investigating the purchase of a new $40,000 donut-making machine. The new…

A: Answer : Internal rate of return = 16.99%

Q: Robinson Company purchased Franklin Company at a price of $3,950,000. The fair market value of the…

A: Introduction: Goodwill is an intangible asset related to the purchase of a business by another. When…