2-8c What are the characteristics of a long butterfly spread: c. payoff function

Q: 1. ABC Company has the following balances in its’ equity account as of January 1, 2021: Ordinary sha...

A: Treasury stock is that stock or shares that is being repurchased by the company from its shareholder...

Q: recipe requires 6 cups of trimmed and cleaned onions. Use the following information: 1 pound of oni...

A: calculations of ingrediants cost of 6 cups of trimmed & cleaned onions. 1 pound of onions requir...

Q: oose the letter of the correct answer   2. When the cost model/method is used to account for an inve...

A: the cost method counting investment mended that investor account for the investment at historical co...

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A: Lets understand the basics. For recording financial event or transaction occur during a particular p...

Q: nswers

A: Bond Accounting : Effective interest Method Calculation of coupon payment Face value of 5% Bond 1...

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A: A depreciation expense is the amount subtracted from gross profit to account for a decrease in the v...

Q: I need help with (Allocated wages)

A: Solution:- Given, Jack and Jill are owners UpAHill, an S corporation  They own 25% and 75% respectiv...

Q: Franklin Corporation reported net income of $60,000 in Year 1. The company had 80,000 shares of $14 ...

A: Price earning ratio tells about the expectations of the shareholders about earnings compared to mark...

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A: Equity Investments: When money is invested in a firm via the purchase of shares in that company on t...

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A: The overhead is applied to the production on the basis of predetermined overhead rate.  The overhead...

Q: what amount will be reported for Shareholders’ Equity in the combined company’s statement of financi...

A: While consolidating financial statements, the combined value of assets and liabilities of both the f...

Q: Anne York is a sole trader who started the business of buying and selling furniture in Brighton on t...

A: An income statement is a financial report that indicates the revenue and expenses of a business. It ...

Q: 18. Finished Goods inventory, March 31 1. 20 Summarized data for jobs worked on during O a. P7,000 C...

A: Cost of goods sold means actual cost of goods that are being sold to the customers in a particular t...

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A: Breakeven sales revenue is that level of sales revenue at which business is only recovering it's tot...

Q: Nottaway Flooring produces custom-made floor tiles. The company’s Raw Material Inventory account con...

A: The question is based on the concept of Cost Accounting.

Q: Larger firms should carefully consider their competence to take on an audit client in a specialized ...

A: Competence is one of the important quality required for the auditor. He can conduct the audit only i...

Q: a. The home office has billed the branch the amount of P37,500 for the merchandise, which was in tra...

A:

Q: Complete the missing figures:  Q15 Purchases of raw materials during that year Q16 Raw materials u...

A: Idle stock of physical goods that contain economic value and are held in various forms of an organiz...

Q: During 2024, Foxfire Company introduced a new line of machines that carry a three-year warranty agai...

A: Warranty is a form of assurance being given by seller to the buyer that in case there is any defect ...

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A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage a...

Q: In an adverse opinion is expressed on the audited FS, the auditor shall express a disclaimer of opin...

A: Auditor opinion is statement the statement by independent auditor on finalizing statement of entity....

Q: In December 2021, Texan Company began including one coupon in each package of candy that it sells an...

A: A debt or obligation of an unspecified amount which can be reasonably approximated is referred to as...

Q: The Harriot company manufacturing company uses job order costing system. The company uses machine ho...

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

Q: You are costing recipe ingredients. How much will the following ingredients cost?    A recipe requi...

A: The production budget is prepared to estimate the number of units to be produced during the period. 

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A: The indirect costs include the factory overhead costs incurred into the production process.  The ove...

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Q: 67% Part 3: Kirsh, Inc. Below is information re: Kirsh, Inc.'s inventory accounts. Please complete t...

A:      

Q: How much is the capital of Martina

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A: Introduction:- A journal entry is the act of recording or keeping track of any financial or non-fina...

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A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

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A: The contribution margin ratio seems to be the proportion gap between a company's revenue and variabl...

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A: If the auditor determines that it is essential to express an adverse opinion or disclaim an opinion ...

Q: This process refers to the reporting of the information processed in the accounting system to intere...

A: Accounting system is the system used to record all the business transactions occurring during the pe...

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A: The non cash assets contributed by partners should be recorded at their fair values.

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A: Overhead unit under the traditional allocation method = Total Overhead costs / Total Machine Hours O...

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A: Percentage of profit on cost= Allowance on overvaluation/ Cost*100

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A: Costs are the monetary value of expenditures for goods, services, labor, products, equipment, and ot...

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A: In consolidated financial statement, the share capital of only parent company is considered and shar...

Q: Partner X and Partner Y share profits and losses equally. Partner X and Partner Y receive salary all...

A: Interest on average capital  For partner X = Php 110,000×10% = Php 11000 For partner Y = Php 90,000×...

Q: X Co. reported an ending cash balance of P35,000. An examination of the Cash T-account revealed debi...

A: Ending cash balance = P35000 Debited amount = P60000 Credited amount = P45000

Q: 2) A proper manual payment certification includes whose signature? [List the types of certification....

A: A manual payment seems to be a monetary payment made to a recipient at a specific location.

Q: On October 1, 2005, Steve admits Martin for an interest in his business. On this date, Steve's capit...

A: At the time of admission of new partner into the partnership, existing assets and liabilities are be...

Q: partnership is less stable because it can easily disssolved. * What is the basis of capital sharing ...

A: The partnership comes into existence when two or more persons comes together to do the business and ...

Q: 2. Compare the lower of cost or net realizable value effect on each amount that was changed on the i...

A: FIFO Cost basis of inventory valuation means inventory has been valued on a first-in, first-out basi...

Q: Is it OK to give the client copies of the auditor's previous documents? If so, what should the audit...

A: Independent review of accounting and financial records is referred to as auditing. The purpose of au...

Q: Pine Company offers a coffee mug as a premium for every ten P2.50 candy bar wrappers presented by cu...

A: Answer -  Premium Liability -  Premium Liabilities “refer to all future claim payments and related e...

Q: During 2023, Lowry Company was used by a competitor for P5,000,000 infringement suit of a trademark....

A: Introduction:- Financial statements are written documents that explain a company's activities and fi...

Q: Retained earnings, May 1 $3,750,000 Net income 720,000 Cash dividends declared 80,000 Stock dividend...

A: Retained earnings: It implies to the undistributed earnings of the business that are not distributed...