What is ethical accounting
Q: The following transactions occurred in the books of Pay n Pick limited for the month of April 2015: ...
A: Lets understand the basics. In FIFO basis company assumes that, goods come first in the inventory ar...
Q: Bats Corporation issued $800,000 of 12% face value bonds for $851,705.70. The bonds were dated and i...
A: The bonds premium or discount can be amortized using various methods as straight line, or effective ...
Q: Disregarding business and professional income, how much is the gross compensation income of ROSE for...
A: The calculation of the gross compensation income of ROSE for the taxable income 2019 is shown hereun...
Q: Banking Hanna has an income of $120.000 that she is willing to spend over a year, f her bank account...
A: Total Income = $1,20,000 Bank gives 4% That is 1,20,000 * 4% = $4,800
Q: 2,410,000 35% 8,000,000 Nicanor, a Filipino Citizen residing in Manila, had the following data for...
A: Passive income is the income generated from the job in which you are not actively involved. Interest...
Q: Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a con...
A: Solution:- 1)Preparation of traditional income statement as follows under:-
Q: What is not included in a sales budget for a retail business? A.expected sales in units B.selling ...
A: Sales Budget includes expected sales in units, selling price per unit and cash collections from sale...
Q: Mercedes Co. acquired all of the common stock of Tesla Co. on January 1, 2018. As of that date, Tesl...
A: Solution A journal is a company's official book in which all business transaction are recorded in ch...
Q: Date Account/Explanation Ref. Debit Credit anuary 03 to record purchase of 3,000 units of inventory ...
A: The journal entries are prepared to record day to day transactions of the business on a particular d...
Q: At the begining of 2019, Cameron Company’s retained earnings was $212,000. For 2019, Cameron has cal...
A: A partial income statement displays data for only a portion of a typical accounting period. This is ...
Q: July 15, 2020. Prepare the journal entries fo Cullumber related to this contract. Either party may t...
A: Date Accounts and Explanation Debit Credit May 10, 2020 No entry (To record entry of contr...
Q: What is a tax consequence for a noncorporate shareholder who receives a liquidating distribution fro...
A: Under Sec. 331, a liquidating distribution is considered to be full payment in exchange for the shar...
Q: Required information [The following information applies to the questions displayed below.] Kubin Com...
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...
Q: Required information [The following information applies to the questions displayed below.] Kubin Com...
A: "Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and ...
Q: A company issued a P3,000,000, 6-year bonds dated January 1, 2021, with a stated interest rate of 11...
A: Solution Carrying value of bond refer to the net amount between the bonds face value plus any unamor...
Q: Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate ...
A: The note receivable is the assets for the business, which is a promissory note for the payment due f...
Q: What is the unearned interest income at YANIG's December 31, 2020 statement of financial position?
A: Lessor - YANIG Company Leasee- SIKLAB Machine Cost 10500000 Lease Payment ( paid the ...
Q: Lampport Industries GHT. is dedicated to the manufacture of games for children from 2 years of age, ...
A: In variable costing we calculate contributio margin by deducting variable costs f...
Q: Jarvix Company, which has only one product, has provided the following data concerning its most rece...
A: Absorption costing includes anything that is a direct cost in producing a good in its cost basis. ...
Q: 9. It's two o'clock in the morning and you've been studying job-order costing for the past three hou...
A: Since the student has asked for Q9 specifically, so we are answering that question only. Job order c...
Q: Please map of the skills provided below into a set of skills that a working team need. a. Commitment...
A: Working team requires sets of skills in order to achieve their goals with effectiveness and efficien...
Q: Account Titles Debit Credit Cash 11,400 5,620 1,050 Accounts Receivable Supplies Prepaid Insurance E...
A: The adjustment entries are prepared to adjust the revenue and expenses for the current period.
Q: Weighted average cost per unit = per unit. Cost Cost of Goods Allocation Cost of Goods Sold Ending I...
A: Units Sold = Total Units - Ending Inventory = 2450 - 550 = 1900 Units Sales = Units Sold x Sale Pric...
Q: Present the journal entries specified below. Each item should be considered independently. (Credit a...
A: I am answering the last two sub-parts (C & D) as specified by the student. Journal is the book o...
Q: Mathura publishes a monthly sports magazine, Hockey Hits. Subscriptions to the magazine cost $22 per...
A: If you use accounting software or outsource your accounting, your journal entries may not be visible...
Q: 48. On March 18, 2021, Nicanor consulted you on the sale of his principal residence located in Recto...
A: Capital Gain Taxes Capital gain taxes which are applicable for Philippines for sale and exchange of ...
Q: Present the journal entries specified below. Wildhorse Company sells $168,000 of accounts receivable...
A: Sno. Account Titles and Explanation Debit Credit (A) Cash ($ 168,000 X 97.5%) $ 163,800 ...
Q: Most of us have had experience renting. Share your experience. List two good things you have done in...
A: Answer:- Four things that are very important for finding and renting an apartment:- 1. Location:- ...
Q: Financial Statement data for the years ended December 31st for the Top Corporation follow: 2018 2017...
A: Earnings per share = (Net income - preferred dividend)/ number of shares
Q: Madtack Company's beginning and ending inventories for the month of November are: November 1 Novembe...
A: Total manufacturing costs = Direct material used + Direct labor costs + Manufacturing overhead appli...
Q: my wc Information pertaining to Noskey Corporation's sales revenue follows: November 2021 (Actual) $...
A: A cash budget is a forecast of a company's free cash flow over a given time period. This budget is u...
Q: In performing risk assessment procedures for investments, an auditor may inquire of the client perso...
A: Risk Management Meaning: Risk assessment is a term used to describe the overall process or method wh...
Q: Oslo Company prepared the following contribution format income statement based on a sales volume of ...
A: Operating income is the excess of contribution margin over the fixed cost.It can be calculated by de...
Q: ABC Juice Limited manufactures and sells juice locally in Trinidad and in the Caribbean. The busines...
A: Value-added tax: Value-added tax is one type of indirect tax which is levied on the goods and servic...
Q: Capital balances in Grouper Co, are Dene S64,000, Aneta $38,200, and Harriet $25,500. The partners s...
A: when there is a deal between two or more person to share profit and losses and contribute capital in...
Q: 4 Lukin Corporation reports the following first year production cost information: Units produced Uni...
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...
Q: Please answer Cash Budget To prepare a master budget for April, May, and June, management gathers t...
A: A cash budget is the estimation of all the future receipts and payments of cash and the balance call...
Q: A newspaper article without an author still needs to be included in the reference list. O True False
A: If an article has no author then is is recommended to start the citation with the title of the artic...
Q: Sarasota Corp. reported net sales S 600,000, cost of goods sold $ 336,000, operating expenses $ 160,...
A: The question is related to Profitability. There are two types of measure of Profitability. 1. Gross ...
Q: Monty Corp. reported net sales $610,000, cost of goods sold $366,000, operating expenses $151,000, a...
A: So lets understand the basics Profit margin is a margin is a margin generated from the sales. In ot...
Q: Spiceland Corporation is in the process of obtaining a loan at City Bank. The bank has requested aud...
A: The question is related to the making correct journal entries. The details are given.
Q: The following information was provided by a company regarding its currently maturing obligations as ...
A: Current liabilities (CL) refers to the term of accounting which states that all the business liabili...
Q: Kaanapali Merchandising had the following transactions during November: Nov 1 Beginning inventory wa...
A: Under FIFO cost flow assumption, cost of goods sold are valued at cost of first purchase and ending ...
Q: allumber Company manufactures basketballs. The first step is the production of internal rubber bladd...
A: The equivalent units are the units which are completed or the portion of units completed during the ...
Q: Item Nő. 22 I5 formation: Kung and Fu are partners whose average capitals during 200B wer P 500,000 ...
A: The partnership comes into existence when two or more persons agree to do the business and share pro...
Q: A company sold 8,000 units of its signature product for the calendar year ended December 31, 2020. E...
A: The provision for warranty is created to record the estimated warranty Expenses for the period. The ...
Q: The following transactions were completed by the company. a. The company completed consulting work f...
A: Please see Step 2 for required information.
Q: which of the below has a negative correlation with the return on bonds ? a. Taxability b. Default r...
A: Bonds is fixed income instrument that represent that loan provide by investor to borrower. Following...
Q: Weighted average cost per unit = per unit. Cost Cost of Goods Allocation Cost of Goods Sold Ending I...
A: Sales = (50 units x $120) + (25 units x $125) = $6000 + $3125 = $9125 Cost of Goods Available = (100...
Q: What is a tax consequence for a noncorporate shareholder who receives a liquidating distribution fro...
A: Tax consequences is the consequences which occur as a result of certain transactions has taken place...
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