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A: In the context of the given question, we are required to compute the contribution of the admitted…
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A: Lets understand the basics. Liquidation may happen voluntary or on compulsory basis. When there is…
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A: The right-of-use asset refers to the asset taken on the lease by the lessee entity. It is recognized…
Q: Fblue acquired land with a fair value of P10,500,000 and paid for it in full by issuing P50 par…
A: The par value of shares means the value that is stated by the company at the time of the issue. The…
Q: retail business budgets for a period with a total sales revenue (operating revenue) of $ 65,000,000.…
A: budget prepared by the company in order to estimate the expenditure that has to be done by the…
Q: LO4-1, L04-2, L04-3, L04-4, LO4-5, L04-6, L04-9 EXERCISE 4.7 Preparing Various Adjusting Entries…
A:
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A: The selling price is the price at which a seller sells his offering to the customers. The selling…
Q: On January 1, Mark and Rodiel formed a partnership with the former contributing P180,000 cash and…
A:
Q: This year, the Huang Trust is a complex trust. This year, it distributed all of its accounting…
A: Answer:- Definition of complex trust:- A complex trust is basically the opposite of a complex…
Q: An asset was purchased for $310000. It had an estimated salvage value of $50000 and years of use,…
A: The depreciation expense is the reduction in the value of long term assets with usage and passage of…
Q: Matt Company uses a standard cost system. Information for raw materials for Product RBI for the…
A: Formula: Material purchase price variance = (Standard material price - Actual material price) x…
Q: Activity 2 Directions/Instructions: Journalize the business transactions of Coco Repair Shop and…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: e few alternatives of investme available in the market right n end any THREE (3) of investm ves…
A: Investment refers to the form of an asset that is either bought or invested by an entity in order to…
Q: p. has entered into a lease arrangement with Foodie Ltd. in which it has agreed to lease an item of…
A: Explanation of Concept A lease is defined as the contract between two parties for use of an asset.…
Q: Raymond Ryans purchased a 50-year-old flat in Melbourne on 15 September 2010 for $350,000 which he…
A: Introduction: When you sell a capital product and its value rises, you get a capital gain. Almost…
Q: A company reports the following: Net income $133,720 Preferred dividends 12,060 Average…
A: Formula used: Return on Stock holders equity = ( Net income / Average stock holders equity ) x 100
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A: Bond's Payable = $372,000 Discount On Bond's Payable = $372,000 — $360,000 = $12,000 Cash =…
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A: Introduction: Journals: Recording of all business transactions in a chronological order. Each and…
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A: Total cost is the amount incurred by the company on the production process and business functions of…
Q: Cred Company’s board of directors declared a property dividend to its incorporators in the form of…
A: Property Dividend: It is the dividend paid by company other than cash or stock dividends.
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A: Statement of owner's equity indicates the investment balance of the owner in the business. It can be…
Q: Does collateral reduces moral hazard by borrowers? Why?
A: Introduction: A collateral asset is an asset that a lender accepts as payment for a loan. Depending…
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A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
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A: Garden Depot Cash Budget Particulars Ist Quarter 2nd Quarter 3rd Quarter 4th Quarter Year…
Q: The Outstanding checks as of September 30 is?
A: Outstanding Checks- Outstanding check are those checks that are deposited in the bank but are yet to…
Q: On February 1, 2009, Alpha Company issued 5,000 of its P1,000 face value bonds at 110 plus accrued…
A: Formula: Net amount received from the issuance of the bonds = Issue value of the bonds + Accrued…
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A: There are many conglomerates that operate in feild of different segments and different sectors which…
Q: accrued salaries payable
A: Accrued salaries payable refers to the amount of salaries outstanding at the end of the year. It is…
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A: The Break-even point is that level where the company has neither gain nor loss. If sales are below…
Q: Belpre, Inc. owes $90,000 to William's Drones Co. for inventory acquired with terms of 3/15, n/30.…
A: Given: - Purchase price= $90,000 Purchase Discount= 3%
Q: The management of Caribbean Juices has provided you with the following data on its Creamy Brand…
A: Variable cost is that cost that changes with the level of production. It is the difference between…
Q: her than the agreed-upon specifications. In addition, the customers are given the option to purchase…
A: Value of one Warranty Contract = 40,000-37,500 = 2,500 per contract…
Q: From the following data, determine the total actual costs incurred for direct material, direct…
A: Formula: Material price variance = (Standard price - Actual price)*Actual quantity purchased…
Q: Raymond Ryans purchased a 50-year-old flat in Melbourne on 15 September 2010 for $350,000 which he…
A:
Q: Bramble Corp. lends Sheffield Corp. $50400 on April 1, accepting a four-month, 9% interest note.…
A: Adjusting entry is the entry passed in the books of account on reporting date to record the…
Q: Brier Company, manufacturer of car seat covers, provided the following standard costs for its…
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: The company's accounts receivable to 500,000. Prepaid Expenses and unearned income are 30,000 and…
A: Introduction: Current Assets: Assets which can be easily converted in to cash with in a year period…
Q: What will be the statement of liquidation?
A: Statement of the liquidation is the statement which is prepared when the business of the company or…
Q: Cash balance per books, September 30 $5,300 Deposits in transit 510 580 Notes receivable with…
A: Reasons of preparing BRS is as follows: Unpresented Cheques Cheques issued omitted to be recorded…
Q: Raymond Ryans purchased a 50-year-old flat in Melbourne on 15 September 2010 for $350,000 which he…
A: Capital Gain Taxes To determine the Capital gain taxes of taxpayers for the individual to taken up…
Q: In order for an employer to be vicariously liable for sexual harassment, a tangible employment…
A: A "tangible employment action" means a significant change in employment status. Examples include…
Q: 6. Data on Goodman Company's direct-labor costs is given below: Standard direct-labor hours Actual…
A: Introduction: Wages paid to make things or offer services to consumers are referred to as direct…
Q: Statement I. When the bargain purchase option was not exercised, the lessee should record a loss…
A: The answer is stated below: Note: Answering the first question as there are multiple…
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A: Under the expected value method of measuring a provision, if we have a range of possible outcomes,…
Q: A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8.…
A: The stock dividend is a method of capitalizing on retained earnings. stock dividend is issued to the…
Q: Problem 5-22 (AICPA Adapted) Flappable Company began operations on January 1, 2018. The entity…
A: Given: - Collection Probability 3,000,000 95% 1,500,000 80% 1,200,000 75% 1,200,000 50%…
Q: All else equal, when a firm purchases raw material on credit from its supplier, which of the…
A: Accounts payable is a liability reported in the balance sheet of the company. Whereas, accounts…
Q: A payment of $700 is due in 3 years, and $5,000 is due in 5 years. What single payment made today…
A: PV=FV11+rn=$70011+4.54×1004×3+$500011+4.54×1004×5=$612.062293+$3997.59977=$4609.66206=$4609.66
Q: PT XYZ is engaged in heavy equipment business which was established in 2005. Since its inception, PT…
A: The first stage in sales recognition is identifying the contract that exists with the customer. Is…
Q: for the A. On first day of the month, issued common stock for cash, $24,000. B. On third day of…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
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