Cash 12028 Sales Discounts 372 Inventory 12400

Q: s net capital gain c

A: ATRIG corporation sold some of its Capital Assets and Derived Gain / Loss from its.

Q: The following is Arkadia Corporation's contribution format income statement for last month:   Sales...

A:   The break-even point in units is determined by dividing the total fixed expenses with the contribu...

Q: On January 1, 2022, Lucas Company acquired 85% of outstanding shares of Luna Corp. The consideration...

A: Solution Non controlling interest is a scenario in which a shareholder holds less than half of the o...

Q: ABC Corp. is identifying the value of its equity using the enterprise value approach as they have ne...

A: Calculation of  Nominal risk free rate :- Nominal risk free rate is 5.05%  

Q: Q. 42. Calculate Proprietary ratio from the following: 12,80,000 7,20,000 5,60,000 3,30,000 2,20,000...

A: The ratio analysis helps to analyze the financial statements of the business. Proprietary ratio = Sh...

Q: Your company is evaluating a switch from a cash policy to a net 30 policy. The price per unit is $49...

A: Effective interest rate is interest rate considering the effect of compounding and this annual rate ...

Q: 1. What is a stakeholder management plan and its importance and purpose

A: Stakeholder management plan - It is the written document that outlines how our teams plan and manage...

Q: On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,700, term...

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

Q: Q2. When you purchase a new car, the “sticker price” includes a “destination” charge. Are you purcha...

A:   FOB means free on board. FOB include all the costs and taxes incurred upto Destination Charge basi...

Q: Farah operates service apartment. She just received the 31 May 2020 bank statement from National Ban...

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with...

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

A: Contribution margin ratio shows the percentage amount of contribution earned on given sales. It is a...

Q: Determine how much loan payable in business has Mrs. Sy as of December 31, 2021 if portion of princi...

A: Mae Sy, Proprietor  Loan taken on January 2,2021 = 13500000 Bank - BDO Bank , term - 10 years  Utili...

Q: Prepare all necessary journal entries for 2020, 2021, and 2022 related to each of the following scen...

A: "Since you have asked multiple questions, we will solve first question for you. If you want any spec...

Q: P4.3 (LO 2, 3, 4) (Various Income-Related Items) Maher Inc. reported income from continuing operatio...

A: An income statement helps to understand the financial condition of any business.

Q: On January 1, 20x1, HALOHALO Company granted 1,000 share options to each of its 100 key employees co...

A: It is assumed that the par value of share option is P10 Share premium per share option= P60-P10 = P5...

Q: Which statement of financial position accounts are most affected by financing activities?   a. Non-c...

A: Changes in non current assets are reflected in cash flow from investing activities Changes in non cu...

Q: National Co. sells three products: AB, CD and EF. AB is the most profitable product while EF is the ...

A: Break Even Point for multiple products is Calculated by dividing total fixed cost by weighted averag...

Q: Juliana filed her first quarterly return without any signification on any optional schemes. Which of...

A: Tax: It implies to a financial levy that is imposed by the government on the taxpayer so as to finan...

Q: Janine is currently in need of cash and plans to sell some of his capital assets.   Which of the fol...

A:                        Capital gain tax is applicable on the capital assets of the business.  Capita...

Q: ports Socks has a policy of always paying within the discount period and each of its suppliers provi...

A: ACCOUNTS PAYABLE; is an accounting entry that is recorded in the balance sheet. they are paid after ...

Q: How much is the Consolidated Shareholder's equity on December 31, 2022?

A: Consolidated stockholders equity is equivalent to total assets of parent and its subsidiary less all...

Q: On January 1, 2017, Rama Corporation paid $150,000 for 30% of Samer Company's stock. Rama reported a...

A: Cost of Investements in Samer co = 1,50,000 + Retained Earnings portion     ( 25,000 - 10000) x 30 %...

Q: National Co. has the following information for the period: Product sales: Variable manufacturing cos...

A: In the case of absorption costing, all production costs shall be treated as product costs. The cost ...

Q: During 2021, its first year of operations, Pave Construction provides services on account of $156,00...

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

Q: Question 15 of 17 Current Attempt in Progress Blue Spruce Corp. uses the straight-line method of dep...

A: Every fixed asset reduces its value over the period of time. Depreciation is being recorded on cost ...

Q: Which of the following accounts is increased by a debit?A. Common StockB. Accounts PayableC. Supplie...

A: Debit and credit are two sides of account in accounting framework. All assets, expenses and withdraw...

Q: 2- Give two examples of two financial ratios that will be affected by this technique (SPE). Explain ...

A: Introduction:- A financial ratio, also known as an accounting ratio, is the size of two numerical va...

Q: Accounting Equation Determine the missing amount for each of the following: Assets Liabilities %3D +...

A: As per accounting equation of the business, total assets of the business should be equal to total li...

Q: Simpson company purchased an asset by paying $50,000 cash and giving the seller a promissory note wh...

A: Tax basis of an asset refers to the purchase price of an asset less any depreciation allowance. 

Q: Data table More info Before including the current year's gain and loss, Sandy and Dan had $38,000 an...

A: Partnership refers to the form of business in which two or more partners are ready to manage and ope...

Q: 2) You have been the finance director of a Diwan Silks LLC Sohar, for ten years. Its yearend is 31st...

A: Accounting ethics refers to following specific standards and conventions established by governing bo...

Q: You and Jackie are arguing whether tax laws can be retroactive in its application. Jackie noted that...

A: Each tax laws framed under mischief Rules,  There are several mischief rules to interpreted,  - Tax ...

Q: Taft Corporation uses a standard costing system in which variable manufacturing overhead is assigned...

A: Lets understand the basics. Variable overhead rate variance is a variance between the standard rate ...

Q: On December 31, 2019, the liability section of Antonio Company's statement of financial position inc...

A: Solution Working note - Calculation of interest Accrued = P4000000*12%*3/12. =P120000.  

Q: The income statement debit column of the worksheet showed the following expenses: $1,000 Supplies Ex...

A: The income summary account is a temporary account created to close the other temporary accounts of t...

Q: Given the following list of accounts with normal balances, what are the trial balance totals of the ...

A: Introduction: Trial balance: All the final ledger account balances are posted in to Trial balance to...

Q: What procedures must the auditor perform when gathering evidence related to contingencies? (Several ...

A: Auditor should perform following procedures while gathering evidence related to contigencies:- Revi...

Q: The information in the statement of cash flows helps investors, creditors and others do all of the f...

A: The information in the statement of cash flows helps investors, creditors and other :- show the i...

Q: (iii) The Accounts Receivable presented in the Angel Company's Statement of Financial Position at 12...

A: Uncollectible accounts receivables are those accounts receivables to whom business has made credit s...

Q: n January 1, 20x1, an entity issues 9%, 3-year, P3,000,000 bonds at a price that reflects a yield ra...

A: The question is based on the concept of Financial Management. When the YTM is greater than the coupo...

Q: XYZ has forecast its sales revenues and purchases for the last 5 months of 2015 to be as follows: S...

A: The cash budget is prepared to record cash receipts and cash disbursements made during the period. I...

Q: Aaron Rivers, CPA, is auditing the financial statements of Charger Company, a client for the past fi...

A: Materiality in Audit: Materiality is an idea or show inside review and bookkeeping connected with th...

Q: Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each ...

A: Cash flows include the cash outflows and cash inflows. The cash flows is positive when cash inflows ...

Q: P Corporation purchased 60% of the shares of S Corporation on January 01, 2019 for P2,200,000. On th...

A: Introduction Consolidated retained earnings are same as retained earning it is shown under a shareho...

Q: If the company realizes at the start of 2021 that the remaining useful life of the 6-year-old buildi...

A:                                Depreciation is the demunition in the value of an asset on account of...

Q: Plaridel Construction's adjusted trial balance Accounts Payable... Property Taxes Payable. Short-Ter...

A: Statement of financial position is one of the financial statement which shows all assets, liabilitie...

Q: Fudction: DATE; Formula: Add, Multiply, Divide; Cell Referencing Using Excel to Compute Interest and...

A: In the context of the given question, we can compute the interest and maturity date using the follow...

Q: Exercise 8-25 (Static) Compute Equivalent Units: FIFO Method (LO 8-5)   The following data are take...

A: In this question we require equivalent units (materials; conversion) used to compute production cost...

Q: May 5-yedr- ol as just inherited a large sum of money. Havi knowledge on investment, she's well awar...

A: In order to calculate the duration of portfolio of bond first we have to calculate Macaulay duration...

Q: Santiago Enterprises has the following potentially dilutive securities that it has issued prior to t...

A: Earning Per share: It shows how much company generate money per share and is calculated by dividing ...