Write a brief report about the accruals and deferrals of Amazon’s 2018 annual report.
Q: Allen and Michelle are partners with capitals of P200,000 and P100,000 and sharing profit and losses…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: Percision Electric Vehicles creates two sales teams to increase the sales of their vehicles. Each…
A: The strategy given in the question will help as follows: 1. By creating two team, there will be…
Q: Following emoluments are received by Ms Sangeeta during the previous year ended on 31.3.2021 Basic…
A: Direct taxation seems to be a sort of direct tax placed on an individual's earnings. In India,…
Q: How much should be the 2021 gain or loss on the sale of the investment?
A: Gain or loss due to the sale of the bonds which has been held by the bond investor depends upon the…
Q: SOP Corporation furnished you with the following information: Net income after taxes P18,000 Income…
A: The Formula is; Times Interest earned = EBIT / Interest expense Division of interest expense with…
Q: The following is the statement of stockholders' equity for Cloud Computer Service Company: Cloud…
A: Ending equity = Beginning equity + Net income - Dividend
Q: The journal entry to record $6,000 cash received for $7,000 services performed would include O a. a…
A: For services rendered of $7,000 and part payment is received in cash for $6,000 and part of $1,000…
Q: 32. On April 1, 20x1, ABC received a P1,500,000, 10%, 3-year note receivable in exchange for a…
A:
Q: Please include solutions! On June 1, 2019, YODA CORP. acquired a 5-year, 10%, P1,000,000 face…
A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…
Q: During its first year of operations, Eastern Data Links Corporation entered into the following…
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…
Q: 32.3A show the journal entries needed to correct the following errors: (a) Purchases £1,410 on…
A: The journal entries are prepared to record the day to day transactions on the regular basis.
Q: Using all the concepts discussed In this class, develop/create a tax system that can be used by a…
A: Answer:- Tax meaning:- Tax is a sum of money that a government makes citizens to pay based on their…
Q: Q5) For the cash flows shown, determine which service alternative should be selected? Assume that…
A: Introduction: Cash flow: The flow of cash in or out of a company is known to as cash flow. Capital…
Q: K1 and K2 are partners who have capital balances of P95,000 and P65,000 and who share profits 60%…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: Accounts Payable had a balance of $18,200 at the beginning of the month. During the month, three…
A: Credit in accounts payable is added and debits are subtracted.
Q: Explain the main differences between tax evasion and tax avoidance and list the main actions taken…
A: Tax evasion is the use of illegal methods of concealing income or information from the IRS or other…
Q: Please assist Return on average owner's equity (2018 =40%; industry average = 45%) Round to two…
A: Return on Equity measures the profitability of equity funds invested in the firm. This ratio…
Q: The ZBD Co. had USD 1, 530, 000 balance on investment on January 1, 2015. The bonds are accounted…
A: Bonds: - Bonds are the written promise to pay the bond's par (or face ) value and interest at a rate…
Q: Prepare Journal entries? A. July 1, issued common stock for cash, $15,000 B. July 15, purchased…
A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…
Q: Esteban Products produces instructional aids, including white boards, which use colored markers…
A: The variance is the difference between the actual data and standard output of the production.
Q: The guaranteed wage for the production of 25 units of chairs P 12,500 per day. Compute the gross pay…
A: Gross pay is the total payment received by the labor of the company. Whereas, net pay is the amount…
Q: 8. In the Philippines, If an employee is to render overtime on a regular day, how much would be the…
A: Lets understand the basics. As per labor rule in Philippines, there are different rates to pay if…
Q: Oft If, Service Revenue ÖMR 110,000; Other income OMR12,000; salary Expenses OMR 10,000; water…
A: Net profit = Service Revenue+ Other income - Salary expense - Water expense - Utility expenses
Q: 40,000.00 40,000.00 Accounts Receivable-net 200,000.00 200,000.00 Inventories 100,000.00 400,000.00…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: JKL, Inc. had the following portfolio of investments as of January 1, 2022: Investment Balance ABC…
A: The percentage of ownership in DHI is calculated as below:- Percentage = No of shares held/Total no…
Q: Rework Example 7-21 using the MACRS depreciation method (assume three-year property class) instead…
A: Internal Rate of Return Internal rate of return (IRR) IRR is a capital budgeting measure that is…
Q: Blossom Co. is owned by Irina Temelkova. The following information is an alphabetical listing of…
A: One of a company's core financial statements, the Net Income, depicts the company's income and…
Q: The following balance sheet accounts were taken from the partnership of J&J Co. on March 31, 2020…
A: Liquidation means where the business of firm is closed down , assets are sold out and liabilities…
Q: On December 27, 20x1, XYZ received a sales order for a credit sale of goods with selling price of…
A: given that, Selling price of goods = P45,000 Shippment cost = P4,500 Goods received by buyer = 2…
Q: If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A.…
A: Introduction: Working capital : Deduction of Current liabilities from current assets derives the…
Q: Given the following information, compute the current ratio Cash $ 120,000 Accounts receivable…
A: It shows investors and analysts how a company's balance sheet finances might be optimized to pay…
Q: Statement of Affairs of Gongcha Corp.: Assets pledged with fully secured liabilities (fair market…
A: Statement of Affairs:Assets: Pledged to fully secured creditors- assets with realisable value equal…
Q: Research & Development. Edwards Corporation purchases a building for $2,000,000 which is to be used…
A: Research and Development Expense: - All those expenses which are related to the Research and…
Q: ABC Corp purchased goods for P20,000. Terms: less 5%, 7%, 2/10, n/30. FOB Shipping Point, Freight…
A: The accounts payable includes the amount due to be paid to suppliers for credit purchases of…
Q: QUESTION ONE. Complete the table by showing the accounts to be debited and credited for Favor…
A: A transaction is a company contact that has an institutional impact on financial statements and is…
Q: Required information [The following information applies to the questions displayed below.]…
A: As per IRS the total amount paid for office supplies is deductible.
Q: Use the information for the next two (2) questions. Bold Company estimated annual warranty expense…
A: Lets understand the basics. Warranty expense is an expense which are incurred to meet the warranty…
Q: A firm expects to sell 25,700 units of its product at $11.70 per unit and to incur variable costs…
A: Formula: Contribution margin = Sales price per unit - Variable cost per unit
Q: For the next five (5) questions: On January 1, 2022, when the prevailing market rate on similar…
A: According to this question, we need to compute the carrying amount of the Investment in bonds on…
Q: a) XYZ Ltd. Produces three products A, B and C for which the standard costs and quantities per unit…
A: ABC method allocates the overhead cost on the basis of the actual consumption. Whereas, the…
Q: First Quarter $ 18,000 $ 21,600 Sales Revenue Cost of Goods Sold Beginning Inventory Purchases $…
A: The Income Statement is an essential economic statement which shows a company's profit and loss over…
Q: You can earn .47 percent per month at your bank. If you deposit $3,000, how long must you wait until…
A: Computation of No. of months taken for deposit of $3,000 grown into $6,000 on an interest of 0.47%…
Q: Escuchar Products, a producer of DVD players, has established a labor standard for its…
A: Labor rate variance = Actual hours ×[standard rate - Actual rate] = (Actual hours×Standard rate) -…
Q: erate as a partnership. Their agreement includes the following: ● Rian will receive a salary of…
A: In the given question there are four partners and it is required to calculate the partner Lance's…
Q: ASG Corporation has the following data in their accounting books Sales-P1,000,000 Cost of…
A: Introduction: Income statement: All revenues and expenses are to be shown in Income statement. It…
Q: Information related to Scullio Manufacturing appears below. What is the ending balance in the…
A: A cost sheet is a method of allocating total costs into different categories. It helps to identify…
Q: Blake Department Store sells television sets with one-year warranties that cover repair and…
A: Formula: Total sales revenue = Sales units x sales price per unit
Q: Sae Hood Factory, Inc pays its workers on the following basis daily: 20 pieces of less P0.50 each;…
A: Working note : 1 Computation of pay per piece No of pieces Gross pay per piece (on daily basis)…
Q: The following balance sheet accounts were taken from the partnership of ABC Co. on March 31, 2015:…
A: Liquidation means where the business of firm is closed down , assets are sold out and liabilities…
Q: K1 and K2 are partners who have capital balances of P95,000 and P65,000 and who share profits 60%…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Write a brief report about the accruals and deferrals of Amazon’s 2018 annual report.
Step by step
Solved in 3 steps
- Prepare the journal entries, with appropriate journal entry descriptions, for 2020, including any required year-end adjusting entries. The company prepares annual adjusting entries. - In the prior year TBTI had paid the entire year’s insurance policy upfront which expired as of December 31, 2020. The insurance premium for 2021 is $5,600. TBTI renewed and paid half the 2021 insurance premium on December 21, 2020. what would the journal entry be like?T-bills are quoted on a discount basis. Using the attached documents, what is the price that you will have to pay on Sept 16, 2014, for the T-bill maturing on March 12, 2015?How do I classify a $100,000 notes payable that was setup in 2018 on my december 2019 ending balance sheet if I'm going to pay it off in March 2020?
- Prepare the journal entries, with appropriate journal entry descriptions, for 2020, including any required year-end adjusting entries.The company prepares annual adjusting entries.Perfect Pet Company gave a creditor a 90-day, 6% note payable for $28,000 on December 1, 2019. What amount of interest will be accrued as of December 31, 2019? Where will this amount be reported in the company’s financial statements?Phoebe Corporation signed a six-month note payable on October 23, 2018. What accountsrelating to the note payable will be reported on its financial statements for the fiscal yearending December 31, 2018?a. Notes payable and interest payable will be reported on the balance sheet.b. Notes payable will be reported on the balance sheet and interest payable will be reportedon the income statement.c. Notes payable, interest payable, and interest expense will be reported on the balancesheet.d. Interest receivable will be reported on the balance sheet and notes payable will bereported on the income statement.
- what is the carrying amount of the note payable on December 31, 2020? what is the equity of the assignor in assigned accounts on December 31, 2020?Please calculate the debts to assets ratio for the years 2022 and 2021, also please show your work.On November 1, 2021, New Morning Bakery signed a $207,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2022. New Morning Bakery records the appropriate adjusting entry for the note on December 31, 2021. What amount of cash will be needed to pay back the note payable plus any accrued interest on May 1, 2022? Record the journal entry when note has been paid on May 1 2022
- Comprehensive Selected transactions of Shadrach Computer Corporation during November and December of 2019 are as follows: Required: Prepare journal entries to record the preceding transactions of Shadrach Computer Corporation for 2019. Include year-end accruals. Round all calculations to the nearest dollar.The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2019: Instructions 1. Prepare a multiple-step income statement. 2. Prepare a statement of owners equity. 3. Prepare a balance sheet, assuming that the current portion of the note payable is 50,000. 4. Briefly explain how multiple-step and single-step income statements differ.
