Explain how an access token and an access control list are used to approve or deny access.

Q: When to recognize expenses?

A: Under the accrual basis of accounting, revenue is considered to have been earned when goods are sold...

Q: Briefly describe some of the similarities and differences between GAAP and IFRS with respect to the ...

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Q: TP4. LO 8.3Is labor a true variable cost?

A: Concept introduction:   A cost may be of different type according to its nature. A cost may be vari...

Q: a. What was the correct amount of unrestricted net assets at the end of Year 2? b. What was the corr...

A: Financial Statement:   A financial statement is the complete record of financial transactions that t...

Q: Define direct write-off method

A: Accounts receivable: Accounts receivable refers to the amount to be received within a short period f...

Q: Life-Cycle Costing; Service Department In the chapter, we illustrated the use of the life-cycleconce...

A: Life-cycle costing is the entire life cycle cost of a product so that it provides a complete perspec...

Q: Define statement of cash flows

A: Statement of cash flows:

Q: FASB ASC 810-10-45-11 states that in some cases parent-entity financial statements may be needed, in...

A: The consolidation of the financial statements is done when the entity holds more than 50% in the inv...

Q: Bellingham Company produces a product that requires 2 standard direct labor hours per unit at a stan...

A: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Dir...

Q: Assume that the City of Coyote has already produced Its financlal statements for December 31, 2017, ...

A: A government wide financial statement shows all the details of the grants and utilization of various...

Q: Quorum Ltd owns and operates an item of machinery. At 1 October 2019 the machinery had acarrying val...

A: An entity shall assess at the end of each reporting period whether there is any indication that an a...

Q: Describe an internal control that would prevent the charging of depreciation expense to the maintena...

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Q: Explain Subsequent Valuation of Notes Receivable.

A: Note receivables are balance sheet items that record promissory notes’ value that is owed to the bus...

Q: Explain how standard costs and flexible budgets can be used for short-term profit analysis—that is,f...

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Q: Financial Ratios The financial statements for Jackson Enterprises (income statement, statement of ow...

A: Definition of financial ratios: Financial ratios are created with the use of numerical values taken ...

Q: describe the difference between Accounting Information Systems (AIS) and Management Information Syst...

A: Accounting Information System means the system to record financial transactions of any business orga...

Q: What is the relationship of the asset turnover to the return on assets?

A: Asset Turnover ratio is the financial ratio which measures efficiency of use of company's assets in ...

Q: Nair Corp. enters into a contract with a customer to build an apartment building for $1,000,000. The...

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Q: List four different cost objects for Dell. For each cost object mention one example of a direct cost...

A: A cost object is defined as the object for the company that requires the separate determination of c...

Q: Consider the following T-account for cash.      Cash 13,000 8,200 4,400 1,900 3,500 5,500...

A: Cash: Cash is the money which is readily available in the form of currency. Since cash can be easily...

Q: On January 1 of the current year, the Barton Corporation issued 11% bonds with a face value of $83,0...

A: Semiannnual interest expense = Semiannual interest payment + Semiannual discount amortization

Q: Discuss the importance of the role of the database administrator. In the flat-file environment, why ...

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Q: 3-21A. (Learning Objective 3: Adjust the accounts) Jenkins Rentals Company faced thefollowing situat...

A: Journal: Recording of a business transactions in a chronological order.

Q: During the semester, we have discussed threats and controls. Evaluate the following statement. “Acco...

A: Accounting Information System:  A system which collects, stores and gathers information about variou...

Q: Sales Volume, Sales Quantity, and Sales Mix Variances Margot’s Ice Cream operates several stores in ...

A: 1.

Q: (Computation of Actual Return) Gingrich Importers provides the following pension plan information. C...

A: Pension plan: Pension plan is the plan devised by corporations to pay the employees an income after ...

Q: Jackson Inc. disposes of other companies’ toxic waste. Currently, Jackson loads the waste by handint...

A: Given is: Cost of Machine = $200,000 Reduction in Labour Cost = $5 per load Loads in a year = 10000

Q: On February 1, 2018, Arrow Construction Company entered into a three-year construction contract to b...

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Q: Richardson Company is contemplating the establishment of a share-based compensation plan to provide ...

A: The financial accounting standard board (FASB) issues literature for accoutning

Q: Palmer Co. is evaluating the appropriate accounting for the following items.1. Management has decide...

A: Accounting principles: These are defined as the general guidelines and rules that are mandatory for ...

Q: Fusion Metals Company needs a new manager for its Cutting Department. It is considering closing its ...

A: Department closing decision is financially viable when, the net income of the overall organization i...

Q: Types of Debts Amounts Administrative expenses Government claims to unpaid taxes Salary during last ...

A: Preferential creditor: Preferential creditor are those creditors who received preference over paymen...

Q: Sunflower Ltd acquires a Mixture Machine from Lilly Ltd for the following consideration:1) Cash$60 0...

A: Journal entry:   Journal entry is a set of economic events which can be measured in monetary terms. ...

Q: The net changes in the balance sheet accounts of Linda, Inc. for the year 2021 are shown below: A...

A: Statement of cash flows of Linda, Inc. is as follows:

Q: Learning Curves Hat Tricks Company (HTC) is a Buffalo, New York, manufacturer of hats andgloves. Rec...

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to ...

Q: Estate Construction is constructing a building for CyberB, an online retailing company. Under the co...

A: Revenue recognition: It can be defined as an accounting principle that specifies the conditions that...

Q: Colbert Corporation had the following 2017 income statement. Revenues $100,000 Expenses 60,000 ...

A: In cashflow there are 2 methods for calculating operating cash flow, they are: Direct Method Indire...

Q: Does a user view always require multiple tables to support it? Explain.

A: Database Management  Database management refers to management of databases held within an organizati...

Q: In 2018, DFS Medical Supply collected rent revenue for 2019 tenant occupancy. For income tax reporti...

A: Question says the following: DFS Medical Supply collected rent revenue for 2019 tenant occupancy. F...

Q: Which are the Typical elements that are itemized in the income statement?

A: Income statement: The financial statement which reports revenues and expenses from business operatio...

Q: Identify the other control procedures usually found in a company’s system of internal controlbesides...

A: Internal control are the policies and procedures implemented in an organisation to ensure that the v...

Q: Watkins Trophies, Inc., produces thousands of medallions made of bronze, silver, and gold. Themedall...

A: Process costing:   Process costing may be thought of as the accounting method used to account for a ...

Q: Identify at least two situations in which application of different accounting methods or accounting ...

A: When both company use same accounting methods and same accounting estimates, it is easy to compare t...

Q: One million (1,000,000) shares of stock were issued to the founders of a start-up company on January...

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Q: BK owns a small business in a small-town call Twapiasea in the Dormaa District call the PiGMenEnterp...

A: Since you have asked multiple questions we will solve the first 2 question for you,If you want any s...