What is the purpose of the FUTA tax, and who must pay it? View Solution: What is the purpose of the FUTA tax and who

Q: Stockton Company Adjusted Trial Balance December 31 Cash 6,613 Accounts Receivable 2,978 Prepaid Exp...

A: Retained earnings is the total accumulated balance of profit left after paying dividends to sharehol...

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A: Exchange rate = 6.11   Therefore, worth of 600$   600*6.11   3666 Chinese yuan

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A: Absorption costing means a method of costing where all fixed overhead has been absorbed on the basis...

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A: Net profit margin: It is the ratio of net profits after taxes to the net sales of a firm. All the ef...

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A: Expenses are the amount incurred by the company to generate profit or revenue. Examples of expenses ...

Q: Extract of Balance sheet items  as at 31 December 2019 Net loss (7250) Dividends income ...

A: Owners' equity comprises of capital and retained earnings.

Q: 36 : In funds flow statement, repayment of long- term loans is 2848554354 Application of fund Source...

A:

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A: We have the following information: Inventories at 1 January 20X4: $38,000 Inventories at 31 Decembe...

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A: The inventory valuation method used to evaluate the closing inventory and cost of goods sold on the ...

Q: EXERCISE 9-2 Production Budget Crystal Telecom has budgeted the sales of its innovative mobile phone...

A: Budgeting: It is a process of planning the work to be performed. Under this process a formal plan is...

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A:   Annuity Factor = [1-(1 + Interest Rate)-No. of periodsInterest  Rate                         =[1-(...

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A: Time value of money (TVM) is a concept which states that the money today has more worth than the sam...

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A: “Since you have posted a question with multiple subparts, we will be solving the first three subpart...

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A:

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A: A Limited liability partnership enjoys the limited liability benefit of a company and the flexibilit...

Q: Help

A: Average method of inventory accounting focuses on the average price of the goods available for sales...

Q: International Financial Reporting Standards (IFRS) are:

A: The correct answer & explanation is as follows-

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A: Manufacturing overheads: These include all the indirect expenses that are incurred while manufacturi...

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A: Incremental Profit:- It is profit obtained by subtracting total cost from the total sales. The formu...

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A: Liabilities:-Expenses which has not paid are recorded as accrued expenses that have not yet paid but...

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A: True  Cash balance = cash receipts- cash disbursements

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A: We have the following information: Direct Materials: $40 per unit Direct Labor: $20 per unit Total ...

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A: Extract of Balance sheet of 31.12.2019 : Current liabilities are the liabilities of the company whic...

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A: MASTER PRODUCTION SCHEDULE= Total forecast + Wecks Orders                                           ...

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A: Avoidable expenses are those expenses which are directly linked to a particular activity as a partic...

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A: The income statement is one of the essential part of the financial statements used for reporting the...

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A: Accounting equation is the foundation of the double entry accounting system, it is states the compan...

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A:

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A: It is the first step of the recording of the transaction in the business’s accounts.

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A: Financial statements such as income statement and balance sheet are prepared using adjusted trial ba...

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A: In every concern there are three basic accounting systems. They are 1. Financial accounting 2. Cost ...

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A: Tangible assets are physical assets of a company such as land, building, machine which is used to pr...

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A: Step 1 Journal is the part of bookkeeping.

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A: a)  

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A: Bonds are kinds of instrument issued by company acknowledging the debt due by company to outsider. I...