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Accounting Questions and Answers November 17, 2012

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A manufacturer used $45,000 of indirect materials in production. The journal entry to record this transaction consists of a debit to Factory Overhead for $45,000 and a credit to Raw Materials Inventory for $45,000. True or False

Lins Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $17,200; (2) up to 120 days past due, $6,600; and (3) more than 120 days past due, $3,800. Experience has shown that for each age group, the average loss rate on the

On April 5, 2021, Oscar purchases 500 shares of Zappo Corporation stock for $5,000. On December 1, 2022, he sells short 500 shares of Zappo Corporation stock, that he borrows from his broker, for $5,500. On March 13, 2023, Oscar closes the short sale by delivering the 500 shares of Zappo Corporation stock that he had acquired in 2021. On that

q13 When is a contingent liability recorded? When the future events will possibly occur and the amount can be reasonably estimated. When the future events are probable to occur. When the future events are probable to occur and the amount can be reasonably estimated When the amount can be reasonably estimated
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Michelle, an auditor at Power Partners (Power), is currently planning the audit of Earthy Ltd (Earthy), a company that manufactures and distributes exotic perfumes. As part of her planning procedures, she ensures that she has a current engagement letter on file. This document has intrigued her since her start date 8 months ago. The partners and

The Net even for C is 35600. But I need the Break-even point in $ The condensed income statement for the Sunland and Paul partnership for 2020 is as follows. Sunland and Paul Company Income Statement For the Year Ended December 31, 2020 Sales (240.000 units) $1,200,000 Cost of goods sold 800.000 Gross profit 400.000 Operating expenses Selling
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Please expand the pictures for better view - Thank you! :-) crues corporation have the following tsekelders gutty accounts on Manuary 1, 2020: Camman stock (85 par $550,000, ralen Capital in excess of Par-Common Stock $100.000, and retained Earnica 110,000In 2020, the company had the following treasury stock Mart Purchased 5,500 shares at per
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Which of the following is a violation of the Sarbanes - Oxley Act? Giving shares of stock to employees Declaring bankruptcy Not reporting financial information about a business Merging with a competitor

Financial accounting standard - setting in the United States can be described as A research process based on empirical findings. A democratic process in the sense that a majority of accountants must agree with a standard before it becomes enforceable. A legalistic process based on rules promulgated by governmental agencies A political process

OMEGA TYRES, plc . After extensive research and development, Omega Tyres, plc . , has recently developed a new tyre, the Superduper, and must decide whether to make the investment necessary to produce and market it . The tyre would be ideal for motor - car drivers doing a large amount of wet weather and off - road driving in addition to normal
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The statement for Martin Co showed the following 2008 2007 Costo of Goods Sold $ 40,920.00 $ 38,300.00 Inventories 6,250.00 6,720.00 Lifo reserve 1,110.00 950.00 If Martin Had used FIFO, What would the COGF for 2008 have been ?

Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts receivable $ 267,500 $ 230,000 Inventory 312,500 257,500 Total current assets 670,000 565,000 Intangible assets 50,000 60,000 Total assets 825,000 695,000 Current liabilities 252,500 200,000 Long-term liabilities 77,500 75,000 Sales 1,640,000 Cost of goods

just need help on the ones I left blank Financial Statements from the End-of-Period Spreadsheet Taser Consulting is a consulting firm owned and operated by Annamarie Phipps. The following end-of-period spreadsheet was prepared for the year ended October 31, 2018: Taser Consulting End-of-Period Spreadsheet For the Year Ended October 31, 2018
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i had this answered previously but the answer for part d was incorrect. the previous part d answer was ($13,000) loss for straightline depreciation and ($19,816) loss for double declining depreciation. they are both gains not losses i am just not sure how to find the numbers Certomedio.convert/map/deh.com.conteni browarundina. 0 G 0 0 Help Save &
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I NEED THE ANSWER ASAP A furniture manufacturer specializes in wood tables. The tables sell for $100 per unit and incur $40 per unit in variable costs. The company has $6,000 in fixed costs per month. Calculate the breakeven point in units under each independent scenario. 14. 15. Variable costs increase by $10 per unit. Fixed costs decrease by
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20. Trend Analysis. The following condensed income statement is for CarMax, Inc. , a large retailer of used vehicles. SALES AND OPERATING REVENUES: 2019 2018 REVENUES 20,319,987 18,173,100 TOTAL COST OF SALES 17,597,647 15,692,509 GROSS PROFIT 2,722,340 2,480,591 CARMAX AUTO FINANCE INCOME 456,030 438,690 Selling, general and administrative

LO 16-2 54. Riverbend Inc. received a $200,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,100,000 before deducting the dividends-received deduction (DRD), a $40,000 NOL carryover, and a $100,000 charitable contribution. a) What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation?
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6.) Retained Earnings: Transactions and Statement The stockholders equity accounts of Rayburn Corporation as of January 1 appear below: Common stock, $9 par value, 400,000 shares authorized; 200,000 shares issued and outstanding $1,800,000 Paid-in capital in excess of par value 920,000 Retained earnings 513,000 During the year, the following
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question 3 Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming

If a single taxpayer's adjusted gross income is $ 1 2 0 , 0 0 0 not including capital transactions, and the taxpayer's only capital transaction in the tax year resulted in a $ 5 , 0 0 0 loss, what is the taxpayer's adjusted gross income? Select the best answer, then select Submit.
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In 2 0 2 4 , the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $ 1 0 , 0 0 0 , 0 0 0 . The road was completed in 2 0 2 6 . Information related to the contract is as follows: Assume that Westgate Construction's contract with Santa Clara County does not qualify for revenue recognition over time.
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QUESTION 24 Rabbits Galore Inc. calculates predetermined overhead rates for each department. In the feeding department, the company uses the number of rabbit pens as the cost driver, and had the following data: Description Costs/Pens Total overhead costs last year $19,240 Total rabbit pens maintained - last year 498 pens Total expected overhead

Under a nonqualified deferred compensation arrangement, when are amounts taxable to the service provider and when does an accrual basis employer get the deduction?

need income statement to match the answers. is 9% per annum. Prepare a multistep income statement for the year ending December 31,2021 . Round answers to the nearest whole number
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Please help, I know I am missing something very easy on this one! 16 0/2 points The following information is used for question 15 - 16. Moore Hardware has three processes that all their products must undergo before they are completed. Costs associated with each process are summarized below: Process 1 Process 2 Process 3 $16,000 $18,200 $15,700
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How might an agent still create liability for a principal even after the agency has been terminated?

The following are some selected items from the 2021 financial statements for A Inc. What is the free cash flow for A Inc in 2021? Assume that the tax rate is 35%. (Round to the nearest dollar) Income Statement 2021 Revenue $3,658 EBIT 1,089 Net Income 647 Cash Flow Statement 2021 Depreciation $113 Capital Expenditures 145 Balance Sheet 2021 2020

practice problem: last page is the correct answers, can someone write out the calculations used to get the answers? thank you Muffin Factory (MF) bakes and sells muffins. MF buys materials from suppliers and bakes, frosts, and packages them for resale. Currently the firm offers 2 different types of muffins to gourmet bake shops in boxes, each
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The Star Corporation has 80,000 outstanding common stocks. They declare a cash dividend of $1.00 per share on November 1st for their shareholders who are registered on the 1st day of December. The dividend is paid on December 31st. Prepare the records with the corresponding dates for the declaration and payment of cash dividends. Determine how

Dividends per share Seventy - Two Inc., a developer of radiology equipment, has stock outstanding as follows: 6 0 , 0 0 0 shares of cumulative preferred 3 % stock, $ 2 0 par and 4 0 5 , 0 0 0 shares of $ 2 5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $ 3 4 , 0 0 0 ;
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When stock options are granted to employees, what is the basis for determining the amount of compensation cost that will be recognized as expense? A. The fair value of the service provided by the employees receiving the options at the grant date. B. The fair value of the stock options at the exercise date. C. The fair value of the stock options at

can someone help me answer this question please it's due by October 2nd at midnight. the unins of an item avallabie for sa'e duning the weat were as folows mearest white dulat). Itentaic * Dowas mis xidd and the aritiey inventory 2 niser Cleca My Wipkiaes remering
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please help ACC 202 eBook Show Me How (Sone could not be updated automatically Lite! Equivalent units of Production The Converting Department of Worley Company had 920 units in work in process at the beginning of the period, which were 60% complete. During the period, 19,200 units were completed and transferred to the Packing Department. There
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Can Someone Please Help me with the DIRECT METHOD 1. New plant assets costing $100,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $26,030
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problem 10-1A Required Information [The following information applles to the questions displayed below] Hillside issues $1.000.000 of 6%,15-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $864,113. Required: 1. Prepare the January 1 journal entry to record the bonds"
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How do I compute this Using Excel or Word? 7-21 Flexible budget. Sweeney Enterprises manufactures tires for the Formula I motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,600 tires at a variable cost of $71 per tire and total fixed costs of $55,000. The budgeted selling price was $114 per tire. Actual results in August
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For an employee, a notification to the HOD and the FRP was sent and a discussion with performance performance downgrade. Identify the category of non-compliance here based on the case to whom s Category I Ca"egory H Category iII Categony \( \mathrm{N} \) None of the above For an employee, a notification to the HOD and the FRP was sent and a
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help #4 pt2 The following financial information was taken from the books of Zone Health Club, a small spa and fitness club: Required a. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Ciub. b. What is the balance in the Retained Earnings account after the closing entries are posted?
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It is better to understate rather than overstate profits. This generally accepted accounting principle is Select one: a . Going lconcern b . Matching c . Materiality d . Conservatism
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URGENT 15 part question 15 ok Required information The Foundational 15 (Algo) (LO10-1, LO10-2) [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's operations: Sales $ 1,500,000 Variable expenses 650,000 Contribution margin 850,000 Fixed expenses 580,000 Net
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Why is my answer wrong? After closing Income Summary to Retained Earnings, R.E has a credit balance of $133,000. Then dividends reduced R.E by $42,000. So the ending balance of retained earnings should be a credit balance of $91,000...right? View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Bonita
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Ivanhoe Corporation reported the following in its 2021 financial statements. 2021 $17,380 90,070 2020 $8,000 Income tax payable Income tax expense Calculate the cash payments for income tax. Cash payments for income tax $ ta
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4.1 This question, iso Data table -X Plant management costs, $2,388,000 per year Cost of leasing equipment, $2,988,000 per year Workers' wages, $900 per Surfer vehicle produced Direct materials costs: Steel, $1,600 per Surfer, Tires, $120 per tire, each Surfer takes 5 tires (one spare) City license, which is charged monthly based on the number of
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Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May, The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted
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current liabilities #6 Use the following information from separate companies a through . Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers in the tabs below. Compute times interest earned. Which company indicates the strongest
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v Disaggregation O A. is an assumption required for the use of the transportation model in aggregate planning. O B. transforms the master production schedule into an aggregate plan OC. breaks the aggregate plan into greater detail. OD. converts product schedules and labor assignments to a facility-wide plan O E calculates the optimal price points
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current liabilities 3 Required information [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Apri1 20 Purchased $38,500 of merchandise on credit from Locust, teras n/30. May 19 Replaced the Apri1 20 account payable to Locust with a
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i get to a point and get stuck Required information The following information applies to the questions displayed below.) Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales. (2) all credits to Accounts Receivable reflect cash receipts from
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Hello, I finished everything but the questions from step 6 (highlighted) that I was confused about (3 questions). Thanks Data 1 You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been
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Need help figuring this out Rocky Mountain Camping Equipment, Inc., has established the following direct-material standards for its two products. Standard camping tent Deluxe backpacking tent Standard Quantity 18 yards 13 yards Standard Price $8.00 per yard $7.00 per yard During March, the company purchased 5,000 yards of tent fabric for its
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National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product Total Per Unit $23 $42 $15 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses
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I need help creating a 1st year end Balance Sheet This is as clear as Chegg will let me upload the photo. I just need a balance sheet with these entries on it. General Journal 1 5 DO DOES Show ta 50.00 53000 uchun 16 10. 1 oc ber DOCES M > Sales -- - * = = = == Stone Canh more - 5000 Act $ The Story $1.500 5 3.500 41 $ 5 15. $ LP 5 12 55 C Score
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please solve Autumn Designs & Decorators issued a 120-day, 5% note for $82,600, dated April 13 to Zebra Furniture Company on account. Required: a. Determine the due date of the note. b. Determine the maturity value of the note. Assume a 360-day year when calculating interest. Do not round your intermediate calculations and round your final answer
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journalize the closing entries. uestion 1 of 1 4.08/5 TOE, SE U TURUL MEU Date Account Titles and Explanation Debit Credit Feb. 28 (To close revenue account) Feb. 28 (To close expense accounts Feb, 28 To cose net income fossi) Feb. 28 (todose dividends think and Media 4.0875 HT Prepare a multiple-step income statement as of February 28, 2022
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please help with part b Question 27 of 41 ....17 In May 2022, the budget committee of Novak Stores assembles the following data for preparing the merchandise purchases budget for the month of June: 1. Expected sales: June $489,000; July $617,000. 2. Cost of goods sold is expected to be 75% of sales. 3. Desired ending merchandise inventory is 30%
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sexond and third picture are the same question Problem 2 Learning Objective: 9-1 Explain the advantage of start-up losses in a possthrough entity Grant and Marvin organized a new business as a corporation in which they own equal interests. The new business generated a $65,000 operating loss for the year. Required: a. Assume the corporation expects
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During the current month, a companys packaging department transferred 100,000 units and $350,000 of production costs to finished goods. This means the cost to produce one unit during the current month is $3.50. True or False

Martin Co. report revenues of $19,500,000 COGS $9,225,000 NET Margin $10,275,000 2009 2010 Packing Materials $ 350,400 $ 287,300 Work in process $ 3,860,000 $ 3,220,000 Finished goods $ 6,420,000 $ 4,670,000 what was the inventory turnover for 2010?

With this data I need to do the unadjusted trial balance and the general journal I show below in blank. Thanks! DATE GENERAL JOURNAL ALONEZE IRON EXPRESS INC Pe 1 ACCOUNT NAME RIE DEDIT 40 000 2.1 CREDIT D. DOD Cash Pommon Stock Rent Expense Cosh ROO 52 10 500 Supplies sonts Payable 12 21 1,700 1700 5 3.2 DO 23 3200 Accounts Cash Crearned Ironing
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The balance sheet for A and B partnership was as follow: Assets AP 70,000 Cash 40,000 Partnership capital: (40%) A (60%) B 100,000 100,000 land 100,000 equipment 70,000 Other assets 60,000 Total assets 270,000 Total liabilities and capital 270,000 At that date C is admitted as a new partner for 20% interests in partnership, he invests 65,000 cash

I did the first two requirements alone but I really need help with a few of the others if willing. Please help me. I do not know where to go from here. I know y'all are able to help with 4 requirements but if I could just have a little more it would make my entire night! 3. Prepare the direct material usage and purchases budgets for January 2021.
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urgent Len Anthony started his own consulting firm. Anthony Consulting, on June 1, 2022. The trial balance at June 30 is as follows. ANTHONY CONSULTING Trial Balance June 30, 2022 Debit Credit $6,850 7,000 2,007 4,020 15,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service
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Tempo Company's fixed budget (based on sales of 18,000 units) for the first quarter reveals the following. Fixed Budget Sales (18,000 units $210 per unit) $ 3,780,000 Cost of goods sold Direct materials $ 432,000 Direct labor 774,000 Production supplies 504,000 Plant manager salary 232,000 1,942,000 Gross profit 1,838,000 Selling expenses Sales

How do I record this in the special journals? What is the journal entry? Purchased 10 computers from Vendor _ Higgins Co. for $400. Freight expense is $80. Use the vendors shipping terms as stated in their subsidiary account. IF FOB Shipping Point, factor the freight expense into the cost per unit in the inventory record. Terms for Higgins: 2/10,

Paymore Landscapers supplies you with the following information for October. (b) Post to the General Ledger and to the individual debtor accounts in the Receivables Subsidiary Ledger. (c) Prepare a schedule of Accounts Receivable as at 31 October 9 (the total must equal the balance of the Accounts Receivable Control account). Duplicates of
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Bank Reconciliation a) Prepare a bank reconciliation for Cindy Company for July 31, 2019, from the following information: Bank Balance, July 31, 2019 $118.160 Checkbook Balance. July 31, 2019 119,884 Interest revenue 216 Bank service charge 100 Deposits in transit 12.580 Outstanding checks 10,740 Cindy Company Bank Reconciliation July 31, 2019
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What is the current global collaboration between Nepal and the USA and present your major findings.

Identify the major federal discrimination laws and indicate what they prohibit. Which agency is primarily responsible for enforcing these laws?

Indicate whether each of the following expenditure items should be classified as a function (F), organization unit (OU), activity (A), character (C), or object (O). Expenditure Classification 1. Public Safety. 2. Finance department. 3. Personnelemployee benefits. 4. Debt service. 5. Salaries and wages. 6. PoliceHomicide. 7. City clerks office. 8.

69) The depreciation limitations for automobiles do not apply to automobiles with a gross vehicle weight of over 6,000 pounds. TRUE or FALSE 74) Interest expense on debt used to purchase state and local bonds is generally deductible. TRUE or FALSE

Additional information (a)The original cost of the land is $200 000. (b)The tax written down value of equipment at 30 June 2021 is $28 000 (2020: $35 000). During the 2021 year, there were no additions or disposals of equipment. (c)Legal fees of $3800 are capital in nature and non-deductible for tax purposes. (d)Other creditors at 30 June 2021
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Item 5 Individual K donated $6,000 to a Canadian registered charity. K's taxable income is $150,000. What is the amount of the federal donation tax credit? (Enter the amount as a positive number.) $ ________

what is the margin of safety in dollars unit selling price $200 unit variable expenses $185 total fixed expenses $300000 actual sale 38617 units

GAAP for pension plans requires companies with defined benefit pension plans toGroup of answer choicesrecognize pension expense as an amount equal to the actual cash paid to retired employees for the current year.recognize pension expense based on accrual - basis concepts.disclose annual pension cost in a footnote only; pension cost was not

Flexible Budget for Various Levels of Activity Palladium Inc. produces a variety of household cleaning products. Palladiums controller has developed standard costs for the following four overhead items: Overhead Item Total Fixed Cost Variable Rate per Direct Labor Hour Maintenance $ 86,000 $0.20 Power 0.45 Indirect labor 140,000 2.10 Rent 35,000

Jason and Paula are married. They file a joint return for 2021 on which they report taxable income before the QBI deduction of $237,000. Jason operates a sole proprietorship, and Paula is a partner in the PQRS Partnership. Both are a qualified trade or business, and neither is a "specified services" business. Jason's sole proprietorship generates

Taxpayers who made nondeductible contributions to a traditional IRA can track their basis, regardless of whether a distribution was taken, by: Using the Simplified Method Worksheet. Basing the amount on Form 1 0 9 9 - R , box 2 a . Looking to see if box 2 b is checked, on Form 1 0 9 9 - R . If checked, there is no basis. Using Form 8 6 0 6 .

CALCULATOR MESSAGE MY II Srief Exercise 15-03 a-c Crane Corporation issued 4,300,9%, 5-year, $1,000 bonds dated January 1, 2020, at 100. Interest is paid each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically in manually.) Date Account Titles and Explanation Credit
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Respond to the following in a minimum of 175 words: Explain why a company would hire internal auditors if they already have an external auditor. Compare the differences between an external audit and an internal audit. Review what you have learned about compliance audits. Determine when an auditor would be hired to perform a compliance audit.

How does a banks report of condition differ from its report of income?

Silver Company makes a product that is very popular as a Mothers Day gift. Thus, peak sales occur in May of each year, as shown in the companys sales budget for the second quarter given below: April May June Total Budgeted sales (all on account) $ 330,000 $ 530,000 $ 210,000 $ 1,070,000 From past experience, the company has learned that 25% of a

A corporation reports the following for the current year: i. Sales on account totaled $150,000 ii. Cash collected from customers totaled $120,000 iii. Wages paid to employees totaled $100,000 iv. Wage expense incurred totaled $110,000 v. Prepaid $5,000 for rent that will be incurred next year What is its net income for the current year using

how did you get the retained earnings on both

Allocating payments and receipts to fixed asset accounts The following payments and receipts are related to land, land improvements, and buildings acquired for use in a wholesale ceramic business. The receipts are identified by a. Fee paid to attorney for title search $2.500 b. Cost of real estate acquired as a plant siter Land 280,000 Building
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Judy gifts her home, worth $ 6 0 0 , 0 0 0 , to her son, Mark, but reserves a life estate for her lifetime. The value of Judy s life estate is $ 1 8 0 , 0 0 0 and Mark s remainder interest is valued at $ 4 2 0 , 0 0 0 . Judy s gift tax return will report a taxable gift of

The manager of the Personnel Department at Binder City has been reading about time-driven ABC and wants to apply it to that department. The manager has identified four basic activities Personnel Department employees spend most of their time on: Interviewing, Hiring, Evaluation, and Exit. The department employs seven staff members who perform these

2a. Determine the project's accounting rate of return. (Round your answer to 2 decimal places.) 2b. Determine the project's payback period. (Round your answer to 2 decimal places.) 2c. Using a discount rate of 14 percent, calculate the net present value (NPV) of the proposed investment. (Future Value of $1, Present Value of $1, Future Value
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REM Consulting is completing the accounting information processing at the end of the fiscal year, December 3 1 . The following trial balances are available. AccountsUnadjusted Trial Balance Adjusted Trial Balance DebitCreditDebitCreditCash 1 3 , 0 0 0 1 3 , 0 0 0 Accounts Receivable 1 , 5 0 0 1 , 8 0 0 Prepaid Insurance 6 0 0 2 0 0 Supplies 3 , 8

Which 2 accounts cannot be merged or made inactive?

Please hurry and answer fully! Problem 14-18A (Algo) Using financial statements to prepare a statement of cash flows-indirect method LO 14-1, 14-3, 14-4 The comparative balance sheets and income statements for Walton Company follow: Additional Data 1. During Year 2 , the company sold equipment for $18,017; it had originally cost $30,400.
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2. "What are the journal entires that tiger construction would record in 2021, 2022, and 2023 assuming they recognize revenue upon completion?" Tiger Construction is awarded a contract to build a baseball stadium in specifications of the new MLB franchise, the Charlotte Queens. The contract price is $350 million. Construction will begin on June
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Oliver is the chief financial officer for a restaurant company in the United States. He is responsible for managing the financial actions of the company. Oliver signs off on the firm's financial reports and risks fines and a long prison sentence if he misrepresents his company's financial position as required and provisioned by the _______. a.

Regarding your filing status on your tax return A. If you are married on December 31 you still can file as single for the year. B. Head of household is generally an unmarried individual but could be used by a married Individual assuming certain requirements are met and they meet the other requirements for head of household status. C. Signing a

A sunk cost a. can be saved by choosing a different alternative. b. may be shifted to the future with little or no effect on operations. c. cannot be avoided because it has already been incurred. d. is a future cost which can be avoided.

trying to clean up the balance sheet, pls help. Adjusting Entries Adjusted Trial Balance Debit Credit Debit Credit 57.797.00 5,000.00 6.164.00 249.00 5,727.00 1,600.00 1,600.00 191.00 289.00 2,220.00 22.26 22.26 204,880.00 3,414.67 3,414.67 23,000.00 59.52 59.52 120,000.00 1.470.00 1.405.54 606.00 1.410.75 4 5 6 Account Unadjusted Trial Balance 7
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please show working notes on how i get each number. thank you! The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Denver Company. Additional information from Denver's accounting records is provided also. DENVER COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in 000s) 2021 2020
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On June 1, 2019 Adelphi Corporation issued $400,000 of 6%, 10-year bonds. The bonds which were issued at 98, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. Enter as a whole number (no cents).

Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Conquistador and Hurricane, from a single manufacturing facility. The manufacturing facility operates at 100% of capacity. The following per-unit information is available for the two products: Conquistador Hurricane Sales price $4,200 $2,800 Variable cost of

HELP ASAP Xia Co. currently buys a component part for $8 per unit. Xia believes that making the part would require $5.20 per unit of direct materials and $115 per unit of direct labor. Xia allocates overhead using a predetermined overhead rate of 205% of direct labor cost Xla estimates an incremental overhead rate of $0.65 per unit to make the
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Management Services (MAS) by Agamata ILI corporation manufactures and sells two products, one and two. The company gathered the following data to projects sates and butget requirements for the coming year; To produce one unit of thing one and thing two, the following saw materials are used; Amount used per unit Factory Overhead is applied at the
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