WHAT ARE SOME EXAMPLES OF POLICY CREDITS AND ADMINISTRATIVE GUIDANCE

Q: earned in previous chapters. Yc art 5 is optional. rom part 2, post the entries to Credit 0✔ 1,705 ✓…

A: Closing entry refers to the journal entry which is recorded at the end of the fiscal year or the…

Q: Journal entry 7 Bought motor vehicle by cheque for RM4,300

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

Q: A fully technology driven startup provide equipment, installation services as well as training.…

A: Allocation of transaction price into performance obligations: the allocation should be made in the…

Q: Swifty Corporation, which has a taxable payroll of $1300000, is subject to FUTA tax of 6.2% that…

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Q: 2.0p Which of the following statements about variances is correct? The sales-volume variance is due…

A: Variance analysis refers to the comparison of predicted and actual outcomes. For example, a company…

Q: (b) Samuel Gumede earns £39,000 a year working for a building company as a project manager. He is…

A: Let understand the basics. For calculating net relevant benefit, we need to use below formula. Net…

Q: Luxe Mobile Homes reported the following in its financial statements for the year ended December 31,…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: H. Below is a partial list of account titles and balances for the TNT Corporation as of December…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

Q: 6. You bought 100 shares of stock at $25 each. At the end of year 1 you received $300 in dividends…

A: Return on investment: Return on Investment (ROI) is a method used to calculate the profit earned on…

Q: Three year 8% bonds of SR 100,000 issued on Jan. 1, 2007, are recalled at 105 on Dec. 31, 2008.…

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Q: Prepare the following financial statements for the year ended 31 December 2021: (a) Income Statement…

A: Balance sheet refers to a statement which provides a brief summary of the company’s Assets, Owner’s…

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A: Tax refers to the compulsory charge levied by the government over the income gained by an entity.

Q: ABC Corp uses the sum-of-years' digit method to depreciate a machine purchased on Jan 1, 20X1 for…

A: Depreciable amount = Cost - Scrap value = P20,000 - P2,000 = P18,000 Sum of useful life = 4 + 3 + 2…

Q: April Issued 5,000 share of Common Stock, $2 par for $17 per share. Record the journal entry.

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

Q: Shanghai Company sells glasses, fine china, and everyday dinnerware. It uses activity-based costing…

A: Basis activity based costing, the cost of activity for each product= Cost of activity per pound *…

Q: learning resource from Cengage Learning A Company Reports The Following eBook Show Me How Return on…

A: The ratio analysis helps to analyse the financial statements of the business.  The return on total…

Q: Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts…

A: Lets understand the basics. Shareholders equity includes total of common stock issued plus retained…

Q: Lou Gue Trading sold merchanise to Boom Co. Given the following information, determine the amount of…

A: The list price is the price that is written on the product. The trade discount is the discount that…

Q: dividends of P1,000,000. What is the carrying amount of the investment in associate on December 31,…

A: Given in the question: On January 1, 2021, Joshtin Company has purchased 40% of the outstanding…

Q: Find the Fixed Asset 2018:

A: The fixed assets refer to the long-term assets owned by the entity. long-term assets like land,…

Q: Journal en topes! 21- 23 Sent a bill to R. Hernandez, P2, 500 for car service rendered at his…

A: Journal entries is primary reporting of the business transactions in the books of accounts.

Q: Compute Proprietary Ratio From the following Particulars $ Equity Share Capital 5,00,000 Preference…

A: Proprietary ratio is one of the solvency ratio of the business which is useful for determining…

Q: Sunshine Industrial Ltd, a massive retailer of electronic products, is organised in four separate…

A: Return on investment (ROI) is a financial ratio used to calculate the benefit an investor will…

Q: On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83…

A: The balance Sheet refers to the part of the financial statement that reflects the financial position…

Q: The Unadjusted Trial Balance was prepared on September 30, 2021, which is shown below Account Name…

A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the…

Q: While death of a partner is a cause of partnership dissolution, a partner's incapacity to perform is…

A: The Dissolution refers to the end of a partnership’s existing relationship. When a partnership…

Q: Total Sales revenue (30,000 units) $750,000 Variable costs 450,000 Contribution margin 300,000 ?…

A: Break-Even Point: Your company has reached its break-even point when its entire expenses and total…

Q: State whether the following statement is 'True' or 'False': In accounting, all business transactions…

A: Introduction: Accounting is the process of recording, organizing, and understanding your business'…

Q: Prepare journal entry for delivery of equipment. A leading vegetable organic farm named Fresh…

A: Journal entry:   It is the first step of recording transactions of a company. Before this, no other…

Q: what's the total share issued and total share outstanding? and what's the answer of question 6?

A: The shares issued includes the treasury stock shares.  The shares outstanding does not include the…

Q: Common Stockholders' Profitability Analysis A company reports the following: Net income $120,000…

A: Return on Stockholders' Equity = Net income Average stockholders' equity  × 100  Return on Common…

Q: On Jan 1, 20X1, ABC Corp purchased a patent for P90,000. At the time of purchase the patent was…

A: Expense is the charge against revenue. Depreciation and amortization is recorded as expense in the…

Q: Define a capital budget.

A: Capital Capital has somewhat similar meanings in accounting and finance in economics. In accounting,…

Q: 1- How efficiently are we using our time? 2- Will we be ahead or behind schedule? 3- How efficiently…

A: Efficiently usage of time means that the project or even any work which has been taken by the…

Q: Current Attempt in Progress On June 1, Waterway Company borrows $139,500 from First Bank on a…

A: We know that Interest is payable at the time of Maturity, at the end of every month a liability is…

Q: from a global perspective elaborate on the issue of privatisation and nationalisation of assets

A: Privatization of state assets is an effective tool for market reform, but it is not a panacea. It is…

Q: 37)At Dec 31, Michael Corp has the following bank information: Cash balance per bank $4,500…

A: Adjusted cash balance is the amount of money that we should have in our bank account on a particular…

Q: for the investment using the fair-value method. On Janu of Moon tanners for RM672,000 which resulted…

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Q: r audit client, VWX Corporation, set up a petty cash fund for the first time last October 1, 2021,…

A: The adjustment entries are prepared to adjust the revenue and expenses of the current period.

Q: Find the cost of good sold and other operating expense 2019:

A: Cost goods sold represents the amount incurred by the entity for making the sales for a particular…

Q: Q5) Find the capitalized cost for the following cashflow (consider 4 years for one cycle and MARR =…

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Q: On November 5, of the current year, Ligaya Merchandising Enterprise purchased merchandise with the…

A: The trade discount is not recorded in the books. It is just deducted from the list price to get the…

Q: ABC Corp. acquired the following assets on June 30, 20X1:                      Cost…

A: The depreciation expense is the reduction in the value of asset due to its use or wear and tear. The…

Q: What was the motivation for Marrone’s Bio’s accounting fraud?

A: Accounting fraud refers to the alteration of the financial statements of the company and in an…

Q: mr saeed started his business with cash Rs 130,000 Furniture rs 40000 and Building Rs 2,00,000 on…

A: Introduction: Journals: All the business transactions are to be recorded in journals. Journals are…

Q: The following were selected from among the transactions completed by Home Sentry Company during…

A: Journal entry:   It is the first step of recording transactions of a company. Before this, no other…

Q: sound financial management is the key to the prosperity of the business. Explain briefly any three…

A: Introduction: The corporate activity of using current financial resources to increase business…

Q: sent Rover Ltd has a year-end of 30 June 2022. The accountant has prepared the following schedule…

A: The accounting should be  accordings with the generally accepted Accounting principles and…

Q: Mary Canfield purchased the All-Canadian Compound bond fund. While this fund doesn't charge a…

A: Deferred revenue is hat kind of revenue wherein money received is in kind of advance manner for the…

Q: The Bank of China is considering an application from the Government of the Republic of Zambia for a…

A: Net Present Value -  The net present value demonstrates its utility in capital budgeting. It aids in…