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Accounting questions and answers in September 2019

which of the following accounts would show a balance in a post closing trial balance
can you help me with question. I need the explanation of each one with detail Part B: Indicate whether each of the actions listed below will increase (1), decrease (D), or have no effect (NE) on the b...
What would the answer to this be? Whistler Corp. performed services for a customer but has not yet recorded payment, nor has it recorded any entry related to the work. Which of the following accounts ...
what would the answer to this be? A company fails to recognize an expense incurred but not paid. Indicate which of the following accounts is debited and which is credited in the adjusting entry: (a) a...
Total all Special Journal columns and post to the appropriate ledger account at the end of the month.
Chapter 9 Practice Exercises Audit procedures: (1)  Select a sample of shipping documents, and identify those for which no related invoice exists. (2)  Select a sample of entries in the sales jour...
I have trouble understanding a Federal Tax concept of The Netting Process of Longterm and Short-term capital gains/losses
Identify and briefly describe the types of practices and tools that are used in the selection process
What are the differences between Debit and Credit in Accounting?
Hello, Please, help to solve manually. Thank you very much in advance Jason Ready attended Kansas State University during 2014-2018. He incurred educational expenses of $10,000 in total of his educat...
1. Select  Expenses  in the left navigation 2. Select the  Vendors  tab 3. _______________________ 4. Select  Import vendors 5. Browse for the file you want to upload 6. Select  Next If you're i...
You've just met with a new client. They're a small business owner who has been managing their books with a number of spreadsheets up to now, but you have convinced them that QuickBooks Online will mak...
Fores Construction Company reported a pretax operating loss of $150 million for financial reporting purposes in 2018. Contributing to the loss were a penalty of $5 million assessed by the Environmenta...
Question 1. [10 marks] Please search case study "Orange County Bankruptcy" in Google. First, do some self-learning, and then write an essay to give me some directions on: 1.        Who is Robe...
Zekany Corporation would have had identical income before taxes on both its income tax returns and income statements for the years 2018 through 2021 except for differences in depreciation on an operat...
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial...
After reading the Boston Children's case. Answer the following: 1. Analyze the market and competitive forces faced by Boston Children's Hospital. What are BCH's strengths, weaknesses, opportunities, a...
Wynn Sheet Metal reported an operating loss of $190,000 for financial reporting and tax purposes in 2018. The enacted tax rate is 40%. Taxable income, tax rates, and income taxes paid in Wynn's first ...
FASB's definition of fair value of an asset is characterized as a measure of market-based exit value, which is the amount for which a company could sell the asset. True or False
FASB's definition of fair value of an asset is characterized as a measure of market-based exit value, which is the amount for which a company could sell the asset.
9. Answer the following question based on the tax return you prepared for Zach and Victoria Colby. Select the total payments: A) $9,231 B) $8,268 C) $8,003 D) $7,040
5. Answer the following question based on the tax return you prepared for Zach and Victoria Colby. Select the standard/itemized deductions: A) $12,700 B) $22,323 C) $20,973 D) $21,573
7. Answer the following question based on the tax return you prepared for Zach and Victoria Colby. Select the tax from the Tax Tables: A) $5,416 B) $5,304 C) $6,466 D) $5,409
I wanted help to check my answers. The answers are based on 2017 tax 1040 instructions. Thank you 10. Answer the following question based on the tax return you prepared for Zach and Victoria Colby. Se...
3. Answer the following question based on the tax return you prepared for Zach and Victoria Colby. Select the total income: A) $105,923 B) $105,373 C) $105,973 D) $105,775
8. Answer the following question based on the tax return you prepared for Zach and Victoria Colby. Select the total credits from Line 55: A) $6,379 B) $5,644 C) $6,644 D) $5,416
6. Answer the following question based on the tax return you prepared for Zach and Victoria Colby Select the total taxable income: A) $41,552 B) $42,302 C) $49,302 D) $42,252
4. Answer the following question based on the tax return you prepared for Zach and Victoria Colby. Select the Adjusted Gross Income (AGI): A) $88,125 B) $88,175 C) $95, 175 D) $87,575
B. The Doyle Merchandising Company's December 31 balance sheet contained the following information. If the Doyle Merchandising Company were to send invoices to its December 31 customers, what is th...
Total all Special Journal columns and post to the appropriate ledger account at the end of the month A docs.google.com C Inbox (317) - [email protected] ACCT ASSIGNMENT - Googl... Units - Blackboard Lea...
6. The Doyle Merchandising Company currently sells products only through its store in Lowell, MA. The company's expected income statement for store operations in August is presented below. Doyle Me...
Policy Group of Duchek International, Inc., a U.S. manufacturer of women's handbags and other fashion accessories. In February 2020, Duchek expressed interest in acquiring Curreri International, Ltd.,...
IRAs, pensions, and annuities, taxable amount? Social security benefits, taxable amount? Total other income? Adjusted gross income? Child Support Payment from kevin Hamblin $12,000 Alimony Payment fro...
wages, tips salaries, etc? taxable interest? ordinary dividends? Saran Hamblin received the following income during the year: Company Gross Wages Federal Income Tax State Income Tax Withholding Withho...
At the end of 2004, ABC Limited reported the following in shareholder's equity: Common Shares, no-par value; authorized, unlimited shares; issued 14,400,000 shares - $18,800,000 Retained Earnings - $5...
IAS 38: Intangible Assets The "Curreri" brand is well known in the UK. In 2016, the company acquired a trademark at a cost of $75,000. Curreri has classified the trademark as an intangible asset with ...
IAS 16: PP&E Curreri uses the straight-line method to depreciate its property, plant & equipment. Curreri has four PP&E categories: (1) land, (2) buildings, (3) machinery & equipment, ...
1. Cash receipts are not always deposited on a timely basis. (You noted several examples where cash was deposited 4 days after receipt.) 2. Inventory is not counted periodically. 3.  No one revie...
How do I account for the 2-for-1 stock split in the problem below? Prepare the stockholders' equity section for Reynolds Company at December 31, 2016. Show all supporting computations. Reynolds Compan...
Sometimes the value spent by a corporation is recorded as an asset and sometimes as an expense. Define the two terms. How and why are these expenditures different from each other? How are they differe...
Hi, if I could get some guidance I would appreciate it. Thank you! *Application Problem 4-3A a1, b Chow Publications Inc. is a publicly traded media company focused on products for the home chef marke...
QUESTION 10 Discontinued operations should be shown in the income statement a.in a separate section titled "Irregular Item." b.net of tax. c.as "Other expenses and losses." d.as "Other revenues and ga...
Hi, I am struggling to solve this problem. Thank you! *Application Problem 3-9A The trial balance for Cozy Fireplaces Inc. for December 31, 2020, follows: Cash $ 88,600 Accounts receivable 37,700 Inve...
1 Discuss the precedential value of a court of appeals decision. Which court of appeals decisions are most important to a specific taxpayer? 2 What is a case headnote? How might it be useful to the ta...
Exercise 16-23 On June 1, 2015, Flint Company and Buffalo Company merged to form Carla Inc. A total of 830,000 shares were issued to complete the merger. The new corporation reports on a calendar-ye...
Hi, I am stuck in calculating the retained earnings. Thank you! Presented below are the balances from Elsie's Electronics Ltd.'s general ledger as at September 30, 2020: Cash 27,000 Accounts recei...
QUESTION 6 The income (loss) from discounted operations includes the a.income (loss) from operations and the gain (loss) on disposal of a significant component. b.income (loss) from operations only. c...
TamariskCompany's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1(balance on h..;@ $7.40 April 5 630 4 7..;@ 7.55 12 530 11 6..;@ 7.84 27 1,4...
Which of the following is true about the hypothesis test of cost parameters? a.It indicates whether the parameters are different from zero. b.It provides a range of values instead of a single predicti...
  What is the general purpose of efficiency ratios? What are the three major types of efficiency ratios and how are these used? Purpose of Efficiency Ratios   What is a solvency ratio and how is ...
The following information relates to the Pharoah Company. Ending Inventory (End-of-Year Prices) Price Index December 31, 2013 $ 63,600 100 December 31, 2014 104,312 118 December 31, 2015 112,320 13...
Assume that fixed costs per quarter are $3,600, variable costs per unit are $22, and the selling price is $31 per unit. If sales of 600 units are projected for the quarter, the margin of safety is
Can you please complete tax form 1065 and both schedule K forms for the two partners listed in the instructions? ACCT 616 TAX RETURN PROJECT INSTRUCTIONS Christy Albright and Dan Ralls formed the Char...
Assume that on January 1, year 1, ABC, Inc. issued 5,000 stock options with an estimated value of $10 per option. Each option entitles the owner to purchase one share of ABC stock for $25 a share (the...
What if the steel sleeves were replaced with a bonding agent? What FASB ASC or Concept Statement could best be used to determine whether a bonding agent can be expensed or capitalized. Danielle Martin...
On September 30 a company needed to estimate its ending inventory to prepare its third quarter financial statements. The following information is available: Beginning inventory, July 1: $4,000 Net sal...
Can you help me find to correct FASB ASC Code of Concept Statement that could best help me answer this problem? Prepare a financial accounting research memo (regardless of what the case asks you to pr...
A company sells a plant asset that originally cost $225,000 for $75,000 on December 31, 2014. The accumulated depreciation account had a balance of $90,000 after the current year's depreciation of $22...
An audit associate is preparing an audit program for the audit of a client's allowance for doubtful accounts. To gather evidence in support of the valuation assertion, the associate included the follo...
An audit associate is preparing an audit program for the audit of a client's revenue transactions. To gather evidence in support of the occurrence assertion, the associate included the following audit...
David K. Gibbs, age 37 and his wife Barbara, age 33, have two children Chris and Ellen, ages 4 and 12. David is employed as an engineer for an oil company, and his wife recently completed a degree in...
Equity Method  for Stock  Investment On January 4, Year 1, Ferguson Company purchased 122,500 shares of Silva Company directly from one of the founders for a price of $63 per share. Silva has 350,00...
Balance Sheet Presentation of  Available-for-Sale Investments During Year 1, its first year of operations, Galileo Company purchased two available-for-sale investments as follows: SecurityShares Purc...
G and  J  are married and have three children:  R,  S, and C.  R,  age 19, was the star of the men's volleyball team at State University, where he was a full-time student in the current year. He...
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:   Andrea invested $13,500 cash in...
Xuxa is married and files jointly. She works for the ZYZ Company, and in her part time she works as a consultant. Last year, : ...    Her pay is $2,000 a month.     Xuxa also works for her own ...
Can someone answer this for me in its entirety? Thank you :D
Ruth and Jim (MFJ) have collective income of $150,000. Jim's W2 shows $60,000 (and federal tax withheld of $10,000),and Ruth's clothing store shows $90,000 income. Ruth has not paid any Estimated Tax...
Can someone solve this problem for me. Can they display a drawing or something on how to plot this on like paint or something with the coordinates?
Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows:     Year 1  Year 2 Beginning inventory$120,000 $130,000 Cost of goods purchased 250,000  275,000 Cost of goods a...
Can you please explain how to solve problem and the steps to get to the answer? E6.0: Assume the rooms operation had 45 each, 220 square-foot rooms, and 25 each, 160 square-foot rooms with an average ...
Can someone please answer this full problem for me?
when the computed upper exception rate(CUER) exceeds the tolerable exception rate the auditor will likely increased the assessed level of control risk and increase one or more related substantive test...
The expected population exception rate (EPER) was specified as 1% or 2%, the tolerable exception rate (TER) was specified as 7% or 8%, and the acceptable risk or overreliance (ARO) was specified as 10...
Gulfcoast Selections is a restaurant chain operating in select cities in Florida. Select financial data is presentedbelow to provide you with the necessary content for perfromance evaluation purposes....
A company purchased inventory for $ 1 comma 100 $1,100 per unit. The company later sold one unit of the inventory for cash of $ 1 comma 800 $1,800 . Under the perpetual inventory​ system, which acc...
Hi i have a problem in chapter 3 payroll accounting...please help to solve the following Please save your work with your name in the file name. Problem 1- 30 Points At Haddon, Inc., the office workers...
God is Not One p. 1-24. What stood out? What did we learn that we did not know before and how does it impact your understanding of that particular religious tradition? What do you agree with and why. ...
I have a similar question. how to use given information, to do a balance sheet, income statement and statement of cash flow step, by step. Date: Tue, 8 JAN 2008 08: 49:35 +0000 From: "Darlene War...
Luke , Inc . , has a standard variable overhead rate of $ 5 per machine hour , with each completed unit expected to take three machine hours to produce . A review of the company 's accounting records
Can you help me with Sale and receivables accounts - Audit steps for transactions, and analytical procedures?
1. What does the function RANK.EQ means, what their syntax and what means their parameters? 2. What do the function SMALL, what their syntax and what means their parameters? 3. What do the function LA...
what was the retained earnings balance for mobile power at december 31, 2014? Mobile Power Corp. reported the following information for the year ended December 31, 2015. Revenue $ 40,000 Expenses 25 2...
how is the balance sheet linked to the other financial statements? 1. How is the balance sheet linked to the other financial statements? a. The amount of retained earnings reported on the balance shee...
Danielle invests part of her $3000 savings into a savings account at 3% and part into a G. I. C. at 4.5% simple interest. If she earns $128.25 in interest from her two investments how much she investe...
Zaid ltd and zafar Q2. Zaid Lid and Zafar Lid agreed to merge on January 1, 2019. On the date of the merger agreement, the companies reported the following data: Zaid Led Zafar Lid Balance Sheet Book ...
To:      Paddle-up Accounting Department   From:  Paddle-up Inc. Board of Directors - Chairperson   Date:   September 16, 2019   RE:     Business Acquisition - Stream Company     ...
Entries for  Investment  in Bonds, Interest, and Sale of Bonds Gonzalez Company acquired $187,800 of Walker Co., 8% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and No...
Q25: What general ledger accounts are associated with this document using the "Accounting" area? F7J
. Acquisition at Other than Fair Value of Net Assets  Mason Corporation acquired 100 percent ownership of Best Company on February 12, 20X9. At the date of acquisition, Best Company reported assets a...
The account balances from the December 31, 2019, trial balance for Haman Accounting Services are shown below.   HAMAN ACCOUNTING Trial Balance December 31, 2019 ACCOUNT NAMEDEBIT CREDIT Cash6,00...
Q3. On January 1, 2016, ATM Corporation acquired all of the common stock of ZED Company for $300,000. On that date, ZED's identifiable net assets had a fair value of $250,000. The assets acquired in t...
A company purchased $2,500 of merchandise on July 5 with terms 3/10, n/30. On July 7, it returned $275 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July...
A company purchased $11,400 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge, $1,200, was added to the invoice amount. On June 20, it returned $1,920 of t...
Anyone able to help me to answer the questions for this question?
A company purchased $3,000 of merchandise on July 5 with terms 3/10, n/30. On July 7, it returned $800 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a  perp...
How to properly calculate a statement of cash flow. I completed a portion of this practice, but my calculations aren't adding up.
Taxable Income (line 30) = $1,430,250 . § On November 17, 2001, Autumn Leigh and Aaron Johns formed Sportico, Inc. to sell sporting goods. Pertinent information regarding Sportico, Inc. is summarize...
Please fill out the 1120 provided below from the information provided above
Can you tell me the Audit steps for test of controls and balances for Sale and receivables accounts?
Please Help ] Your client has no cash sales, only sales on credit. You have calculated certain ratios, which are given. 1 3. Calculate upper and lower one standard deviation bounds on the two ratios. ...
With the information provided below, please fill out form 1120
Lynn's Music Studio (Extra Credit - 10 points) Background: You are the manager for Lynn's Music Studio. You have been in business for about 2 years. The company is both a retailer and a service comp...
With the material provided please fill out the information on the form 1120. All information is below 1120
14) The post-closing trial balance shows the updated Retained Earnings balance. A) True B) False
Tom and Mary both work and Tom's Mom Beth watches their daughter during the day for free. Assume the Congree passes a very generous child care tax credit: 50% of expenses up to $6000 in expenses. Foll...
need help answering this question for chapter 3 computing the tax. Bookmarks Tools Window Help 76% [4]. M X CengageNOWv2 | Online teachi X Preferences X Gallow pop up firefox - Google S X + https://v2...
Companies: Amazon.com Inc.   [AMZN] Best Buy Co. Inc.   [BBY]  How do i evaluate the financial opportunity presented by the companies. If i was the creditor, which company should i lend money to? W...
Marigold Corp. was organized on January 1, 2017. It is authorized to issue 22,500 shares of 7%, $51 par value preferred stock and 457,000 shares of no-par common stock with a stated value of $3 per sh...
Can you please explain the steps of how to get to the answer $18.28 for this problem? A restaurant with 100 seats, serving both lunch and dinner 6 days per week, reported total annual sales revenue of...
Journalize the transactions. If no entry is required, select "No Entry" for the account titles and enter 0 for amounts Emily Valley is a licensed dentist. During the first month of operation of her bu...
put together a report discussing the auditor's use if analytical procedures in conducting an audit. what are the primary analytical procedures that auditors use? why are analytical procedures necessar...
 here are following potential errors a bookkeeper may encounter: $13,000 of insurance expense incorrectly entered as an interest expense Omission of $4,000 adjustment for depreciation on equipment A ...
the assessment of risk is an important topic in auditing. put together a report identifying the types of risk that are found in an audit. Describe each of these risks. discuss the methods by which the...
please provide all forms necessary to answer this question
Comprehensive Problem 4-55 (LO 4-1, LO 4-2, LO 4-3) [The following information applies to the questions displayed below.] Demarco and Janine Jackson have been married for 20 years and have four childr...
please help to find answer 26 Chapter 2 PROBLEM 2 The following information pertains to the York Company for the year ending December 31, 2000: Sales . $840,000 956000 Purchases of raw materials.........
2018 Pretax Accounting Income: $600,000 2018 Municipal Bond Interest Income Recognized in Pretax Accounting Income: $10,000 2018 Warranty Expense of $40,000 for Accounting Purposes 2018 Actual Warra...
Question: J.T. ex rel. Thode v. Monster Mountain, LLC  IRAC I: What is the Legal Issue in This Case? R: What is the Rule (law) of the Case? A: What is the Court's Analysis and Rationale? C: What Was ...
What are the factors of ROA, profitability ratio and efficiency ratio?
Arden Company reported the following costs and expenses for the most recent month:           Direct materials $ 84,000   Direct labor $ 46,000   Manufacturing overhead $ 23,000   Selling expen...
Could you give me the solution to Assignment 12-10 and 13-3 for TAXX 401 (Canadian Tax Principles 2018-2019) Athabasaca University. i do not understand the information given, it is a bit confusing com...
If a company capitalizes costs that should be expensed, how is its income statement for current period impacted? Revenues will be lower than they should be Expenses will be lower than they should be A...
2. What is the journal entry for the following transactions? a. In June 1, ABC Inc. provides consulting service to customers for $15,000. The Customer pays $5,000 and the rest was on account. b. ABC ...
I am stumped on this question. please help. Which of the following would include the fewest accounts? The trial balance The adjusted trial balance The post-closing trial balance All of the above would...
J.T. ex rel. Thode v. Monster Mountain, LLC  IRAC I: What is the Legal Issue in This Case? R: What is the Rule (law) of the Case? A: What is the Court's Analysis and Rationale? C: What Was the Conclu...
Which one of the following represents a period cost ?
On April 1 Moloney Meat Distributors sold merchandise on account to Fronkes Franks for $3,610 on invoice 1001 terms 1/10.  n/30. The cost of merchandise sold was $2,220. Payment  was received in ful...
You don't have to use powerpoint, can just draw the diagram. Part I: Create an Entity-Relationship Diagram (ERD) based on the REA Model During an internship with James Merchant, CPA. you were asked to...
Using the KU library, find an article that talks about auditing inventory. Based on the article and the readings in your text, discuss why the auditing of this financial statement area is so comple...
6. You receive an email from the Marketing department manager. It states: "Upon review of my Marketing budget, I see you posted $435 in office supplies to my cost center. This amount should hav...
5. The Sales department has purchased $275 in software. They would like this amount posted to the information technology G/L and the main bank account and posted to the Sales Department's cost center...
8. The final request your supervisor has for you is to run the Balance Sheet f Profit and Loss Statement report. Expand the report so all the accounts you used today can be viewed Take a screenshot...
4. The Marketing department purchased $435 in office supplies posted to their cost center. Either of the bank accounts can be used to pay this bill.
2. An advertising invoice arrived from Promotions Ltd for $1,250.00. Per instructions from the department, they would like this invoice received against the advertising expense G/L and paid from the ...
3. The Finance department purchased some miscellaneous items totaling $325. They would like the payment to come from the new bank account you created during your rotation. The amount was for the Acct...
7. Your supervisor would like to review the work you completed. Run a cost center report for all cost centers used today. Copy and paste into a Word document.
Question 1 (5 points)   Annapolis Company purchased a $1,000, 6%, 6-year bond at 103 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What ...
 What are the pros and cons of accrual accounting versus cash accounting methods. Which method provides more accurate financial information? Why?
Ben and Molly are married and will file jointly. Ben earns $300,000 from his single member LLC (a law firm). He reports his business as a sole proprietorship. Wages paid by the law firm amount to $40,...
Jennifer is a CPA and a single taxpayer using the standard deduction. In 2018, her CPA practice generates net income of $162,000 and she has no other income or losses. Jennifer's taxable income before...
Susan, a single taxpayer, owns and operates a bakery as a sole proprietorship. The business is not a specified services business. In 2018, the business pays $100,000 in W-2 wages, holds $150,000 of qu...
Stella Watters is a CPA and who operates her own accounting firm (Watters CPA LLC). As a single member LLC, Stella reports her accounting firm operations as a sole proprietor. Stella has QBI from her ...
Scott and Laura are married and will file a joint tax return. Scott owns a sole proprietorship (not a "specified services" business) that reports net income of $300,000. The proprietorship pays W-2 wa...
Thad, a single taxpayer, has taxable income before the QBI deduction of $187,500. Thad, a CPA, operates an accounting practice as a single member LLC (which he reports as a sole proprietorship). Durin...
How do you calculate the lower of cost or market? Which 4 values are needed?
What is the difference between a retail inventory and manufacturing inventory?
E19-5 (Net Position) The credit balance in ABC Agency's Unexpended Appropriations at the beginning of its current fiscal year was $42,000, and the credit balance in ABC Agency's Cumulative Results of ...
Rationalization for fraud can fall under two categories: "no harm" and "no responsibility." Assume an employee is directed by management to reduce recorded expenses at year-end by insignificant amount...
You provide tax consulting services for Oh Gnome You Didn't, Inc. ("Gnome"), a C-corporation that designs and constructs whimsical gnome gardens for its clientele. On May 25 th , 2018, Gnome acquired...
Mike has a line of credit at his bank, a flexible type of loan which allows him to borrow money and pay back as he wishes. The effective rate is 17.45%. How much interest would he pay if he borrowed $...
Two friend Jack and Jose began operations of their tool and die shop ( J & J Shop, Inc .) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2017, fo...
Grayson Grayson Theater Production​ Company's partially completed worksheet as of December​ 31, 2018 2018 ​, follows. LOADING... ​(Click the icon to view the partially completed​ workshee...
Vera Ernst is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred. April 1Invested $23,000 cash in her business.1Hired a secret...
20 A couple's 2013 AGI consists solely of the husband's wages of $115,000. Th e husband is an active participant in his employer's 401(k) plan at work. How much can the wife contribute to her tra...
23 A taxpayer works in a foreign country beginning April 1, 2013 through May 15, 2014. If the taxpayer '5 foreign earned income for 2013 is $77,900, his foreign earned income exclusion for 2013 is: a...
28 Expenses not allowed as deductible medical expenses include: a. tuition paid by the parents of a disabled child to send their child to a special school. b. the cost of braces. c. premiums on life ...
find the effective rate equivalent to each of the following nominal rates: a. 4.35% compounded daily b. 5% compounded annually then determine which of the two is a better loan offer
according to his financial planner, rodney's investment portfolio can be expected to earn an 8 1/2% anually compounded rate. assuming this is correct how long wll it take for his portfolios value to g...
interest compound on my savings account daily. what will my $750 deposit grow into in 3 years if the interest rate is 2 3/4%
Two friend Jack and Jose began operations of their tool and die shop ( J & J Shop, Inc .) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2017, fo...
John and Mary Jane Diaz are married, filing jointly. Their address is 204 Shoe Lane, Blacksburg, VA 24061. John is age 35, and Mary Jane is age 30. They are expecting their first child in early 2019. ...
How do I solve this? 1. For West Penn Power, assume 110,000 commercial and industrial customers are contributing $8M increase in both the Company's initial and revised requests. Assume the Cap progr...
3. Should the PUC grant West Penn Power the full rate increase? How should West Penn manage its costs going forward? Also refer to the Duquesne Light article which follows.
Put yourself in the shoes of a company president: The extremely successful launch of a new product has resulted in an additional $5 million in unexpected operating cash flows. You can think of several...
Question 2 UESTION 2 On 1 July 2015, Frankland Ltd acquired all the share capital of Flinders Lid for $218 500. At this date, Flinders Ltd's equity comprised: Share capital - 100 000 shares $100 000 G...
Question 1 UESTION 1 On 1 July 2020, George Ltd acquired all the issued shares of Peanut Lid for $50 000. At this date the equity of Peanut Ltd consisted of: Share capital Peanut $ 25 000 Retained ear...
All of the following are examples of a control account except A. Raw Materials Inventory B. Manufacturing Overhead C. Cost of Goods Sold D. Finished Goods Inventory E. Work In Process Inventory
AF 304 SEMESTER 2 - 2019   MAJOR ASSIGNMENT (15%)   Due date: Friday 11 th October 2019 @ 3.30pm with School of Accounting Secretary Audit Cases - A Practical Approach to Auditing 1.0      Int...
Kelly Foods has two plants and ships canned vegetables to customers in four cities. The cost of shipping one case from a plant to a customer is given in the accompanying table. The plant in Akron has ...
A private not-for-profit entity is working to create a cure for a deadly disease. The charity starts the year with cash of $748,000. Of this amount, unrestricted net assets total $416,000, temporarily...
On April 5, 2018, Kinsey places in service a new automobile that cost $36,000. He does not elect § 179 expensing, and he elects not to take any available additional first-year depreciation. The car i...
AF 304 SEMESTER 2 - 2019   MAJOR ASSIGNMENT (15%)   Due date: Friday 11th October 2019 @ 3.30pm with School of Accounting Secretary   Audit Cases - A Practical Approach to Auditing   1.0     ...
Sunnybank Ltd acquired all issued share capital of Sunnybank Hills Ltd on 1 July 2019 for a cash payment of $700,000. The share capital and reserves of Sunnybank Hills Ltd at the date of acquisition w...
Kline Manufacturing has the following labor costs: Factory--Gross wages $120,000 Factory--Net wages 90,000 Employer Payroll Taxes Payable 18,000 The entry to record the cost of factory labor and the a...
The following information is available for completed Job No. 402: Direct materials, $25,000 direct labor, $35,000 manufacturing overhead applied, $20,000 units produced, 8,000 units units sold, 6,000 ...
Reich Manufacturing Company developed the following data: Beginning work in process inventory $ 90,000 Direct materials used 70,000 Actual overhead 110,000 Overhead applied 80,000 Cost of goods manufa...
What is the answer? ED Bb Discussic X to Mail - Bre x 5 WileyPLU X Calendar X Lead: Ric X Lead: Mic X Lead: Zul X Lead: Jus X Lead: Mr X Lead: B < > C A edugen.wileyplus.com/edugen/student/mainf...
Based on the information below: What is the optimal product mix(how many M and N should be produced)? Explain your answer and show computations. Bush Manufacturing has the following labor hours avail...
Can you help me to solve this. I have no idea how to write it. No more than 3500 Weighting: 60% of the total marks for the subject (marked out of 100 in total - Hurdle requirement 50 points of Assignm...
Data below for the year ended December 31, 2021, relates to Houdini Inc. Houdini started business January 1, 2021, and uses the LIFO retail method to estimate ending inventory.     Cost  Retail  B...
Based on the following information: Which products should be processed further or not? Why? Give the total dollar impact to income for each product based on your recommendation. Lido manufactures A a...
Can you please Identify and explain two theories that better explain the essence (spirit) of sustainability reporting.  
Pleae explain me whether sustainability reporting in contrast with relevant other reporting concepts represents a holistic view of corporate social responsibility.
can you please explain me why corporate social responsibility is gaining heightened importance for firms operating with financial objectives.                
Henderson Company uses the gross profit method to estimate ending inventory and cost of goods sold when preparing monthly financial statements required by its bank. Inventory on hand at the end of Jul...
Data related to the inventories of Costco Medical Supply are presented below:     In applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at:
Hazelton Corporation uses a periodic inventory system and the LIFO method to value its inventory. The company began 2021 with $85,000 in inventory of its only product. The beginning inventory consist...
Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $5,700 and payment terms of 2/10, n/30...
Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were av...
Northwest Fur Co. started 2021 with $108,000 of merchandise inventory on hand. During 2021, $510,000 in merchandise was purchased on account with credit terms of 2/15, n/45. All discounts were taken. ...
Slinky Company purchased merchandise on June 10, 2021, at a price of $21,000, subject to credit terms of 3/10, n/30. Slinky uses the net method for recording purchases and uses a perpetual inventory s...
M Limited has an authorised share capital of R1 500 000 divided into 1 500 000 ordinary shares of R1 each. The issued share capital at 31 March 2017 was R500 000 which was fully paid, and had been iss...
Slinky Company purchased merchandise on June 10, 2021, at a price of $20,000, subject to credit terms of 2/10, n/30. Slinky uses the net method for recording purchases and uses a perpetual inventory s...
Calistoga Produce estimates bad debt expense at 0.20% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $473,000 and $1,570, respectively, at Decemb...
On April 24 of the current year, The Memphis Pecan Company experienced a tornado that destroyed the company's entire inventory. At the beginning of April, the company reported beginning inventory of $...
Based on the following information: If the special order is accepted, what is the specific change in income for only the special order? What recommendation would you provide to management either accep...
Hi could someone please help me answer this Kwela limited had 700000 shares in issue at 1 June 2017. In March 2018 Kwela announced a one for four rights issue at an exercise price of R4 per share. The...
Footnote disclosure that summarizes information that does not meet the measurement and reporting requirements for presentation in a company ' s financial statements , but is useful to informed reade...