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Accounting Questions and Answers October 12, 2012

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1/1/20, XYZ corp issued 10,000 units of $1,000 convertible, 20 year bonds at 101. Interest of 10% is paid annually on 1/1. Each bond is convertible after 5 years into 10 shares of $10 par value common stock. a. prepare the entry to issue the bonds on 1/1/20 b. prepare the entry to record interest expense and amortization on 12/31/20 c. prepare the

Newman Jackson invests $53,400 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Newman withdraws the accumulated amount of money. A) Compute the amount Newman would withdraw assuming the investment earns interest compounded annually. Total withdrawn $ B) Compute the

pls help! will leave good review! thank you so much! Bramble Company is preparing its master budget for 2022. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales, Sales for the year are expected to total 960,000 units. Quarterly sales are 22%, 27%, 27%, and 24%, respectively. The unit selling price
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The bank reconciliation prepared by Gemma Tours on March 31, 2020, appeared as follows: GEMMA TOURS Bank Reconciliation March 31, 2020 Bank statement balance $ 15,400 Book balance $ 34,036 Add: Deposit of March 31 in transit 21,902 37,302 Deduct: Outstanding cheques: #79 $ 1,298 #84 1,968 3,266 Adjusted bank balance $ 34,036 Adjusted book balance

Yoga Ltd is requesting a purchase of an upgraded class streaming system with an installed cost of $237,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the system can be sold tor $18,000. The old system will be sold off for $14,000. The system will generate new tuition of $116,000 per

On 1 July 2001 Carl Ltd acquired 75% of the shares of Peter Ltd when the shareholders equity of Peter Ltd was: Share Capital $150 000 General Reserve $ 4 000 Retained Earnings $ 4 000 The financial statements for the two companies at 30 June 2003 appear below: Carl Ltd Peter Ltd $ $ Sales 425 875 201 000 Cost of Sales Inventory 1 July 2002 28 000

CD1 recording transactions (E)CDE1. Complete the following table for Sales, Sales Returns and Allowances, Sales Discounts, Inventory, and Cost of Goods Sold
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which statement regarding book capital accounts and the tax capital account is incorrect?(1) the book capital account reflects adjusted basis whike the tax capital account reflects the fair market value.(2) the book capital account and the tax capital account may vary due to depreciation.(3) the book capital account and the tax capital account may

Luker Corporation uses a process costing system. The company had $162,500 of beginning Finished Goods Inventory on October 1. It transferred in $839,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $160,200. The entry to account for the cost of goods manufactured during October is:

Liberty is calculating her cogt of goods sold to enter on her Schedule C. Her inventory at the beginning of the year amounted to $50,000. Her tost for labor and materials was $20,000. She had no other costs. Her inventory at the end of the year totaled $58,000. What amount for cost of goods sold will Liberty enter on her Schedule C? A. $12,000 B.
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Please help solve, thank you! [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding
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On May 1, 2020, Martinez Company enters into a contract to transfer a product to Eric Company on September 30, 2020. It is agreed that Eric will pay the full price of $26,090 in advance on June 15, 2020. Eric pays on June 15, 2020, and Martinez delivers the product on September 30, 2020. Prepare the journal entries required for Martinez in 2020.

this is one question but part (b) ask to use part (a) so that is why there are so many images attached. thanks in advance! Larkspur, Inc. has the following information available for accruals for the year ended December 31,2022 . The company adjusts its accounts annually. 1. The December utility bill for $628 was unrecorded on December 31. Larkspur
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A taxpayer must have both earned income in excess of the standard deduction and at least one qualifying dependent to qualify for the earned income credit.

Here is financial information for Concord Inc. December 31, 2022 December 31, 2021 Current assets $122,000 $100,000 Plant assets (net) 395,456 334,000 Current liabilities 87,764 74,000 Long-term liabilities 129,096 88,000 Common stock, $1 par 166,430 110,000 Retained earnings 134,166 162,000 Prepare a schedule showing a horizontal analysis for

Correct = upvote. Thanks Mr. G's records for the current year contain the following information: Donated stock having a fair market value of $5,000 to a qualified charitable organization. He acquired the stock 10 months ago at a cost of $3,000. Donated stock having a fair market value of $2,100 to a qualified charitable organization. He acquired
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Brayden is the CEO of LePore Enterprises. This year Brayden earned a base salary of $3,000,000, a performance bonus of $2,500,000 and a target plan bonus of $1,000,000. For tax purposes, how much income will Brayden have to claim and pay taxes on? $1,000,000 $2,500,000 $3,000,000 $6,500,000

At fiscal year end, December 31, 2018, Somerset Corporation had total stockholders' equity of $3,100,000. On FY 2018 year end, Somerset Corporation had Common Stock account of $1,150,000 of $10 par value common stock and Preferred Stock account of $150,000 of $100 par value stock. There was no treasury stock. The preferred stock was noncumulative

Below one is the question that you need to solve. SOLVE Only c no. (a and b i already solved) Below one is a example question/answer and format that how you need to solve this math example question Above i have shown a sample/example for you, i will help you i hope, if your answer is correct and you followed the example format i will not miss to
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i need help with the following thank you Presented here are liability items for Tamarisk Inc. at December 31, 2022. Accounts payable $282,600 FICA taxes payable $14,040 Notes payable (due May 1, 2023) 36,000 Interest payable 72,000 Bonds payable (due 2026) 1,620,000 144,000 Notes payable (due 2024) Income taxes payable Unearned rent revenue
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Assume that a company's budgeted revenue per unit is $52. The company's planned level of activity was 2.000 units and its actual level of activity was 2,180 units. Its actual revenue was $104,000. The company's revenue activity variance is: Assume that a company's budgeted revenue per unit is $52. The company's planned level of activity was 2,000
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Exercise 17-20 Physical-Units Method; Joint Cost Allocation (LO 17-4) Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows: Quantity at Sales Price Joint Cost Cereal Split-Off Point per Kilogram $ 50,000 Yummies 23,800 kilograms $ 2.10 Crummies 10,200 kilograms 2.60

Which of the following client characteristics will the auditor consider most important in assessing the COSO element of risk assessment ? a. Participation by those charged with governance. b. Estimating significance of the risks and assessing likelihood of their occurrence. c. Assignment of authority and responsibility. d. Organisational structure.

help with part 5 of 6 please math 250 Smartphones: A poll agency reports that 48% of teenagers aged 12-17 own smartphones. A random sample of 150 teenagers is drawn. Round your answers to at least four decimal places as needed Part 1 of 6 8 9 (a) Find the meaning The mean is 0.48 Part 2 ore (b) Find the standard deviation The standard deviation on
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Enter the beginning cash and capital balances and post the transactions based on the information below:3 Date Account Titles and Explanations Debit Credit May2 Accounts Receivable $1,800 To Sales Revenue $1,800 (To record credit sales) May2 Cost of Goods Sold $1,200 To Inventory $1,200 (To record cost of merchandise sold) May9 Cash $1,782 Sales
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CantonCanton Trade Mart has recently had lackluster sales. The rate of inventory turnover has dropped, and the merchandise is gathering dust. At the same time, competition has forced CantonCanton ' s suppliers to lower the prices that CantonCanton will pay when it replaces its inventory. It is now December 3 1 , 2 0 2 4 2 0 2 4 , and the net

Goodwill is . a . amortized in a manner similar to other intangibles b . charged to expense immediately c . amortized over 4 0 years or its economic life, whichever is shorter d . written down only if an impairment in value occurs
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What is the model for interprocess communication?

Company F provides you with the following information for 2021: Sales $65,000 Inventory of finished goods as of 12-31-2020. $5,000 Cost of products manufactured in 2021. $35,000 Gross margin $26,000 The ending stock of finished products as of 31-12-2021 was: A) $1000 B) $4000 C) No answer fits D) $51,000 E) $14,000

what is personality

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Hopi Corporation expects the following operating results for next year: Sales $ 400,000 Margin of safety $ 100,000 Contribution margin ratio 75% Degree of operating leverage 4 What is Hopi expecting total fixed expenses to be next year? Group of answer choices $200,000 $75,000 $100,000 $225,000

Education Tax Credits (LO 7.5) Janie graduates from high school in 2021 and enrolls in college in the fall. Her parents (who file a joint return) pay $5,475 for her tuition and fees. If required, round your computations to the nearest whole value. Question Content Area a. Assuming Janie's parents have AGI of $162,600, what is the American

1. The cost of delivering merchandise to the customer is: Part of cost of goods sold. Used in the calculation of net sales. An operating expense. A reduction of gross profit. 2. The operating cycle is: the average length of time between the purchase of inventory and the realization of cash from the sale of inventory reduced by the time taken to

Is this correct? Entity B reported net income of $8,000 for the current year. Depreciation recorded on buildings and equipment amounted to $56,000 for the year. Balances of needed current asset and current liability accounts at the beginning and end of the year are as follows. Be sure to compute the change. \begin{tabular}{lccl} & End of Year &
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fasttt 5) Merchandising company typically will have a high proportion of which type of cost in its cost structure? A. Variable. B. Fixed. C. Mixed. D. Step-variable 6) Riffa Manufacturing Company leases a vehicle to deliver its finished products to customers. Which of the following terms correctly describes the monthly lease payments made on the
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26 Vinny Corp. currently makes 20,000 subcomponents a year in one of its factories. The unit costs to produce are: Per Unit $15 10 Direct materials Direct labor Variable manufacturing overhead 15 Fixed manufacturing overhead 10 Total unit cost $50 An outsile supplier has offered to sell Vinny Corp. the 20,000 subcomponents for $45 each. The fixed
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Paul Zamora considers himself to be a talented entrepreneur. In late 2006, he purchased a chain of neighborhood groceries from Mr. Brandon Velasco. The stores had good locations, with reasonably large, well-maintained spaces. The negotiations between buyer and seller did not involve typical corporate due diligence and business valuation

Stardust Furniture Store sells "low end" furniture and uses the installment method for revenue recognition. Its year-end is December 31. It shows the following data for January: Sales of $9,450 with a 50% markup. Sales terms: No down payment in January, no interest and 6 easy monthly payments starting in February. Required 1: Assuming no other
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At December 31, 2021, Splish Brothers Inc. reported this information on its balance sheet. Accounts receivable 581,000 Less Allowance for doubtful accounts 37,000 During 2022, the company had the following transactions related to receivables. 1. Sales on account 2,355,000 2. Sales returns and allowances 49.000 3. Collections of accounts receivable
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Can someone make separate balance sheets for the 2021 year and 2020 year for the company with the ticker symbol (PG). Including Asset, Liability, and Equity accounts. Thank You.

Write debit and credit Dr Jeff Bridges input $40,000 cash and one medical equipment with $15,000 to open up a clinic. Clinic purchased $15,000 land and a small medical centre building $85,000. The purchase price was paid with$20,000 cash and a long-term note for $80,000 Purchased $1200 of medical supplies on credit. Purchased $3000 additional

1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month. 5. Compute the
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6. What type of information is provided by financial accounting but not by managerial accounting? A) Budget B) Proforma Statements C) Financial Statements for external stakeholders D) Cost-volume-profit analysis
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Answer the following questions with examples wherever possible. 4 marks each Barriers to trade Balance of Payments Balance of Trade GDP GDP per capita (PPP) the standard of living

DentalCo sells a $100,000 annual dental service contract to a local retirement community. They collect the funds on 7/1/22 and provides services from 7/1/22 6/30/23. How much revenue will be reported in 2022 and 2023 under the assumptions described on the answer sheets? 1. DentalCo reports income as follows
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chap 8 Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on June 30, its Cash account shows a debit balance of $60,209. Easton's June bank statement shows a $58,349 balance in the bank. Determine the adjusted cash balance using the following information: Deposit in
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Blue Skies T-shirt Company operates a chain of T-shirt shops in the northeastern United States. The sales manager has provided a sales forecast for the coming year, along with the following information: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Budgeted Unit Sales 50,000 70,000 45,000 65,000 Each T-shirt is expected to sell for $20. The purchasing
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Which of the following items do not retain their character as they flow through to the partnership? More than one answer may be correct. a . Long - term capital gains. Short - term capital gains. Depreciation recapture income. Dividend income. Sal and Nan owned 9 0 % and 1 0 % of the SN Partnership, respectively. SN operated a foundry. Sal sold

If the owner contributes $7,400 and the owner withdraws $38,600, how much is net income (loss)? Ending Equity 38000 beg equity 7000

what is the change in operating assets and liabilites to arrove at net cash flow from operating activities? Changes in Current Operating Assets and Liabilities-Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $108,800 for changes in operating assets and
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What is Meta Force NFT? and why it is important?

What explains the erosion of the cash balance? Where is the cash going? (Hint: Find operating cash flow (OCF) and free cash flow (FCF) in 2015.) Answer and explain, please. What explains the erosion of the cash balance? Where is the cash going? (Hint: Find operating cash flow (OCF) and free cash flow (FCF) in 2015.) Exhibit 1 Bob Brown hummed
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how do i post joirnal entries to this GL? how do post these journal entries to the GL
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In the current year, Matt, Jona, Sue, and form Corporation. contributes land (a capital asset) having a FMV in exchange for shares of stock. He purchased the land three years ago for. contributes machinery (Sec. 1231 property purchased four years ago) having a adjusted basis and a FMV in exchange for shares of stock. contributes services worth in

pls help! i will leave good review! thank you so much! Ayayai Company estimates that it will produce 4,800 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $6,400 for depreciation and
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On January 1, 2020, Tamarisk Corporation had $2,180,000 of $10 par value common stock outstanding that was issued at par and retained earnings of $1,090,000. The company issued 215,000 shares of common stock at $12 per share on July 1. On December 15, the board of directors declared a 15% stock dividend to stockholders of record on December 31,
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Assignment 6.1: Chapter 14 Homework Question Content Area Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) $2,194,500 Liabilities: Current liabilities $231,000 Note payable, 6%, due in 15 years 1,155,000 Total

e basic financial statements. Lauras business had the following adjusted trial balance at the end of the year. Go through it and prepare the below listed financial statements Lauras Health Center Adjusted Trial Balance December 31, 2021 Account Debit $ Credit $ Cash $ 21,774 $ - Accounts Receivable $ 17,258 $ - Inventory $ 1 4,928 $ - Prepaid

Standard Costs, Decomposition of Budget Variances, Direct Materials and Direct Labor EZ Tees Corporation produces T - shirts. The company uses a standard costing system and has set the following standards for direct materials and direct labor ( for one shirt ) : Fabric ( 1 . 5 yds . @ $ 2 . 8 0 ) $ 4 . 2 0 Direct labor ( 1 . 1 hr . @ $ 2 0 ) 2 2 .
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Tom loves cooking and after attending culinary school, he decided to start his own food cratering service in Vancouver. Since he did not receive formal business training, he has asked you to give some business advice and help him prepare financial statements. Before launching his business, he thinks that he needed to legalize his business. After

On July 1, 2021, Sunland Company issued 3700 of its 11%, $1,000 bonds at 98 plus accrued interest. The bonds are dated April 1, 2021 and mature on April 1, 2031. Interest is payable semiannually on April 1 and October 1. What amount did Sunland receive from the bond issuance? $3526000 $3700000 $3626000 $3727750

Which of the following is NOT a time-based depreciation method? 1.straight-line 2.units of production 3.double-declining balance 4. any diminishing balance method any diminishing balance method

Wassons Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. Time Charges Material Loading Charges Restorers' wages and fringe benefits $200,000 Purchasing agent's salary and fringe benefits $64,000 Administrative salaries and fringe benefits 40,000 20,000 Other overhead costs 10,000

on november 1, sierra purchased office equipment for 10,000$ recording the purchase in the office equipment account, for sierra corporation, assume that depreciation on the office equipment is 100$ per month, november 30 is the end of the accounting period . provide any adjusting journal entry required using the proper date . provide a schedule

Respond to the following in a minimum of 175 words: One of the important functions of an Accounting Information System, such as QBO, is recording transactions between an organization and its vendors. Transactions between an organization and its vendors (i.e., suppliers) are often recorded as liabilities to the organization. Discuss 2 benefits of

in the jane spa and massage center Unearned Fees (9,300*75%) 6,975 Service Revenue 6,975 (Transferred 75% of unearned fees into revenue) why did they use 75% instead of 25% The following adjustment data were assembled and analyzed on March 31, 2021, by L. Cayetano, who is the Accountant for Janes Spa and Massage Center. A) Massage services

What is the purpose of a 1 0 - K report filed with the Securities and Exchange Commission?Multiple Choiceto persuadeto build goodwillto expand servicesto informto entertain

Explain the components of the Supply Chain Operations Reference (SCOR) model and leverage it to measure supply chain performance. Take Aramex company's to explain. instructions: write more than 200 words. first, explain a little bit about the SCOR model with proper steps then relate those steps with Aramex company's SCOR card model. Also, explain

How can Nashville impact a pricing and sales volume potential in a thrift business?

Little Huggins Creek does not have a stream gauge, but similar creeks in the Great Smoky Mountains have discharges below 1ft3/s, with discharge spikes up to 50 ft3/s at its outlet. 1. How does this compare to the Rocky Branch Creek discharge? 2. Does this match the predictions you have made previously? Use your answer to explain how these two

thank you! Indicate (by abbreviation) the type of hedge each activity described below would represent
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Morgan was admitted to the hospital suffering from a critical illness. He was given emergency treatment and later underwent surgery. On at least four occasions, Morgan's two sons discussed with the hospital the payment for services it was to render. The first of these four conversations took place the day after Morgan was admitted. The sons

The Larisa Company is exiting bankruptcy reorganization with the following accounts: Book Value Fair Value Receivables $ 87,000 $ 104,000 Inventory 207,000 224,000 Buildings 307,000 414,000 Liabilities 307,000 307,000 Common stock 337,000 Additional paid-in capital 34,000 Retained earnings (deficit) (77,000 ) The company's assets have a $787,000

On December 31, a company has the following bank accounts and corresponding cash balances: California Bank Operating - Summit Ridge($400,000) Operating - Bakersville 300,000 Operating - Smithville 50,000 Savings 500,000 Sedona Bank Checking ($375,000) How should the company report the above bank account balances in the balance sheet at December

1) Do you think that Abby's Flowers, and the Linda's Estate negotiate a settlement, allocating percentage of liability of cleanup costs amongst the two parties? Or, 2) Do the two PRPs fail to come to a settlement and the EPA holds one party fully liable for superfund cleanup costs? If so does the EPA first attempt cost recovery from the party most

1. "Recorded vouchers (accounts payable entries) in the voucher register (e.g. purchase journal) supported by completed voucher documentation" is a specific example of which management assertion? a. classification b. occurrence c. completeness d. cutoff 2. A liability for long-term purchase contract should generally be recognized when a. the

In early March 2016, AT&T and its executives learned that a steeper-than-expected decline in smartphone sales by AT&T would cause its revenue for the first quarter of 2016 (1Q16) to fall short of analysts estimates. Fearful of a revenue miss at the end of the quarter, AT&Ts Chief Financial Officer instructed AT&Ts IR Department to work[] the

Which of the following is not an accrual? A. Debiting interest expense for interest incurred to date. B. Debiting interest receivable for interest earned to date. C. Debiting depreciation expense for depreciation incurred during the period. D. Crediting wages payable for wages earned to date.

KLM Ltd is a Canadian - controlled private corporation which operates a chain of bakeries. For its most recent fiscal year - end, the company had the following information available: Active business income earned in Canada $ 2 2 0 , 0 0 0 Active business income earned outside Canada 4 0 , 0 0 0 Taxable capital gains nil Investment income earned in

Big, Medium and Small Action are three incorporated charities. All three provide ongoing assistance to communities in developing countries. Recently, a benefactor donated the patent rights to a revolutionary water micro-filter to Big on the condition that the charity use the patent to provide clean water in needy communities. The water filter

If you have a regression: y=0+1x, then the 0 is the Select one: a. estimated average residual value b. estimated slope of the regression line c. estimated y-intercept d. estimated decision variable

Which of the following is a control activity in relation to occurence ? a. The accountant inspects areas where repair costs have been invoiced to ensure repairs have been carried out. b. The accountant compares the amount in the building repairs invoice with the repairs quotation. c. The accountant reviews rental income received around year-end to

For each of the following items (AL), indicate on which financial statement you would expect to find it and briefly explain why. For one item, two answers will be needed. 1. Income statement 2. Statement of cash flows 3. Balance sheet _______ A. Service fees earned _______ B. Accumulated depreciation on equipment _______ C. Cost of sales _______

1.)Donor A gave the NFPO a cash gift of $50,000 in June 2017, telling the NFPO the gift could not be used until 2018. Identify the net asset classification(s) in the journal entry made at the start of 2018. 2.) Attorney Howard Gorman volunteered his services to Taconic Singers, an NFPO. He spent 12 hours preparing contracts for the services of
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Major Medical reported a net lossAOCI in last years balance sheet. This year, the company revised its estimate of future salary levels causing its PBO estimate to decline by $4 million. Also, the $7 million actual return on plan assets fell short of the $9 million expected return. How does this gain and loss affect Majors income statement,

this is all the data i have Mara and Bob form Robin Corporation. Mara transfers property worth $262,500 (basis of $91,875) for 70 shares in Robin Corporation. Bob receives 30 shares for property worth $105,000 (basis of $21,000) and for legal services (worth $10,500) in organizing the corporation. If there is no gain or loss, enter "O" for the
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Mega Properties Berhad is evaluating its long term sources of financing. The sources of financing are as follows: i) Issuing new preferred stocks which pay 9% fixed divided. The firm's preferred stock is currently selling for RM95. The net price of the security after issuance cost is RM90. ii) Issuing new common stocks at RMS 40 per share. The
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The AICPA Code of Professional Ethics imposes particular obligations on CPAs. The code derives its authority primarily from: options: the bylaws of the American Institute of Certified Public Accountants [AICPA] public laws enacted over the years requirements of governmental regulatory agencies such as the Securities and Exchange Commission [SEC]

Kate is a motor vehicle dealer and had an opening value of trading stock for tax purposes of $120,000 on 1 July 2013. She purchased $600,000 worth of cars during the year and incurred freight and insurance costs of $11,000. She also incurred selling costs of $4000 and had sales of $900,000. Her stock on hand at 30 June 2014 was: $140,000 (cost

questions 1-4 show all work please! What is the company proje INTEGRATION BERCISE 3 Cash Budget Income Statement. Balance Sheet Statement of Flow Ratle Analysis to 3-2, D-LO 4 OS-OS-LOS-TO, LO 13-20 1-3 Millen Corporation is merchandise that is preparing a master budget for the month of July. The com py haunce sheets of unes son below: Millen
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Trendy Accessories Ltd is a producer of fashion sunglasses. The audit report for the year ended 30 June 2020 was signed on 5 August 2020 and along with the financial report was mailed to shareholders on 10 August. Consider the following independent events. Assume that each event is material. On 5 July, Trendy Accessories entered into a new

M/S manish Boutique Ltd. During the year Manish Malhotra had taken home some clothing fabric from his boutique to present his wife a new suit for her birthday. He has included the cost of stock Rs 12000as a business expense while calculating the profits, which came to Rs.62,000. Based on this information, what will be the profit? a)The _ concept

What is the accumulated value of periodic deposits of $30 at the beginning of every six months for 22 years if the interest rate is 4.96% compounded semi-annually?

How would a dividend impact a company's price-earnings ratio? A. It will have no effect on the price-earnings ratio. B. The effect depends on the market price of the stock at the time the dividend is declared. C. It will decrease the price-earnings ratio. D. It will increase the price-earnings ratio.

Which of the following transactions take effect on net working capital? Restaurant Barron's purchased 10 boxes of vegetables for cash. Restaurant Barron's borrowed cash from a bank payable in 6 months. Restaurant Barron's purchased 15 boxes of meats on the account. Restaurant Barron's purchased a building for money.

Lane Ltd became a wholly owned subsidiary of Grant Ltd on 1 October 20X5. The Grant Ltd Group has a year-end of 30 September. On 1 April 20X6, Lane Ltd sold an item of plant to Grant Ltd for $450,000. At the date of sale, the plant had an original cost to Lane Ltd of $480,000 and accumulated depreciation of $90,000. What entry would be posted as

Can you think of an industry / product / business process that WOULD NOT benefit from CVP (cost-volume-profit) analysis?

The forward market? - none of the options - involves contracting today for the future purchase or sale of foreign exchange at the spot rate that will prevail at the maturity of the contract. - involves contracting today for the future purchase or sale of foreign exchange at a price agreed upon today. - involves contracting today for the right but

Question : Ratio Analysis The following information was obtained for le Sandy Ltd Condensed Statement of profit or loss for the year ended September 30, 2019 2020 $M $M Turnover 490.00 585.00 Gross Profit 17.50 21.10 Interest (1.98) (1.98) Profit before tax 15.52 19.12 Tax (4.65) (5.74) Profit after tax 10.87 13.38 Dividends: Ordinary 2.30 2.4

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