The company purchasing share (acquisition) percentage will vary each and every company Select one: True False

Q: Pink Ltd acquired a machine for $450,000 on 1 July 2017. The machine had a useful life of six years ...

A: The impairment loss arises if the carrying amount of assets is higher than the recoverable amount of...

Q: Rick, who is single, has been offered a position as a city landscape consultant. The position pays $...

A: Tax:- A tax is the compulsory payment which is imposed by the government on the income and capital g...

Q: Solve plz

A: WHEN NEW PARTNER IS ADMITTED INTO PARTNERSHIP . THE NEW PARTNER BRING SOME CONSIDERATION WHICH IS DI...

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A: IFRS: IFRS stands for International Financial Reporting Standards. These accounting standards are de...

Q: Brand recognition is an example of

A: answer: Intangible asset

Q: Calculate the missing information for the following purchases. Item Selling Price Sales Tax Rate Sal...

A: It is assumed that the total purchase price of “Book” is $900.

Q: The first part of description is introduction. The question is related to the second paragraph. Answ...

A: Here given the clear cut picture about the process of movement of goods from unload the shipment pal...

Q: = new profit sharing ratio

A: When a new partner is admitted the old partners need to sacrifice some amount their profit share to ...

Q: Down payment refers to a. A trade discount b. An installment payment C. A partial payment d. A cash ...

A: The question is multiple choice question. Required  Down Payment refers to ?

Q: I need the following journalized in the general journal 1. Bing paid balance owed, no discount 2 P...

A: Journal:- These are prepared by the companies with debit and credit sides in order to match the acco...

Q: 1-What will be the total operating expense? a.41200 b.53200 c. 19700 d. 21500   2-What will be the...

A: Operating expense is defined as the expense which business make from its normal course of business o...

Q: What is the corrected net income for the year ended December 31, 2021?

A: Following is the answer to the given question

Q: A can defined as a partial payment remunerated as an advance on the sales person's commission. O a. ...

A: Charge account:- It is an arrangement where one person can purchase products or services on credit. ...

Q: Chapter 9 Question 7 Please help me with finding an answer and provide a full explanation.

A: Answer a) Calculation of Net Present Value of Option 1 Net Present value = Present value of cash inf...

Q: W hat should Theta report as cash in bank as of the end of September?

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

Q: A is based on various commission rates for different levels of sales. a. Differential Pay b. Variabl...

A: Commission:   It is an additional pay to an employee for extra work. It is based on the performance ...

Q: On September 1, 2020, Elizabeth bought a $10,000 three-year bond that pays 9% interest per year, com...

A: Since, the interest is earned each year, thus, the recognition should be done every year. 

Q: The cost of an office furniture is OMR 1,000 and the mark-up is OMR 200. How much is the selling pri...

A: Selling price of the furniture = cost + markup

Q: Compute for adjusted balance per book and per bank. Case 1: Use the following information to compute...

A: Adjusted cash balance is determined after adjusting the balance as per the bank statement. The trans...

Q: 10. On December 31, 2020, BROWN Bank has a 5-year loan receivable with a face value of ₱6,000,000 da...

A: Face value of Loan=P 6000000 Interest rate= 9% anuually term of loan= 5 years prevailing interest ra...

Q: 8. On December 28, 2020, INDIGO Company purchased goods costing ₱500,000. The terms were FOB destina...

A: Inventory is the combination of all the goods which are ready for sale, goods which are in process, ...

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A: Operating budget is a detailed statement that shows the forecasted sales and expenses for a in parti...

Q: Plz solve

A: Dissolution-:The Dissolution of a firm implies the end of performing its actions. When the managemen...

Q: 1-Which of the accounting equations is NOT correct? a. Assets – Liabilities = Equity b. Assets – ...

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: Perry Company's break-even point is 20,000 units. Its product sells for $25 and has a $10 variable c...

A: given that, selling price = $25 variable cost = $10 number of units sold = 20000   contribution = se...

Q: Plz all solve!!!! It’s timed

A: Answer Old Profit sharing ratio Ms.wisal : ms.salma   3:2 New profit share ratio Ms.wisal : ms.salma...

Q: Noel & Vang Company sells only one product at a regular price of $9.00 per unit. Variable expenses a...

A: Solution:- Computation of contribution margin ratio as follows under:-  

Q: 1. Nita and Bona entrepreneurs, agreed to invest cash to put up a business selling signature bags. T...

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

Q: A certain manufacturing plant is being sold and was submitted for bidding. Two bids were submitted b...

A: Given that A certain manufacturing plant is being sold and was submitted for bidding. Owner should a...

Q: Who is responsible fir underlying determinants of future profitability? 1. Credit Analyst 2. Fund...

A: Future Profitability is calculated by assessing the future probability of a particular stock under d...

Q: dissimilar to the other three options? d. Motor insurance b. Personal property insurance С. Life ins...

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: In 250 words please tell me whether or not you would recommend that I invest in Nike - you will need...

A: Following is the answer to the given question 

Q: 5. PEARS Company owned three investment properties. Details of the properties are as follows: (Refer...

A: Investment property can be defined as the land, building, or both that is held by an individual to e...

Q: Increase in the value of bills payable will be: a. Credited to partners' capital account b. Debit...

A: The revaluation account is prepared to adjust the change in values of assets and liabilities. 

Q: b. Complete the income statement and balance sheet for a Company by using following Additional Infor...

A: Financial Ratio:- It is a ratio which helps in analyzing the performance of a company and helps in c...

Q: Rick, who is single, has been offered a position as a city landscape consultant. The position pays $...

A:

Q: Plz solve its timed!!

A: When a partner retires, the following adjustments must be made: Adjustment of accumulated reserves ...

Q: Accounting Question

A: Following is the requisite Bank reconciliation Statement  

Q: PINK Company purchased 50,000 shares (5% ownership) of WHITE Company on January 2, 2020 at ₱34 per s...

A: Investments: An investment is considered an asset. It is an amount invested by the investor in PPE t...

Q: 中 Date Cost (OMR) Amount (OMR) 3000 3000 Particulars Units Beginning Inventory 300 200 10 15 January...

A: Date          Particulars                   Purchases          Sales        Balance   Cost per unit ...

Q: Q2: -What are current assets?Explain it. -Why need for balance accounts? Q2:

A: Asset are the items owned by an individual or firm during the year which will benefit them for long-...

Q: State which type of error it involves.    Prepare a general journal in which you correct each erro...

A: Purchase  Dr. 4000 Cash           Cr. 4000 ( being purchase, which was omitted, is recorded)  

Q: Awash company manufactures and sells a single product that has seasonal variation in demand, with pe...

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

Q: straight line method?

A: Depreciation = (Historical cost - Salvage Value)/Useful life  Book Value of Asset = Historical cost ...

Q: Hi, Kindly assist in solving the attached question on ACC653 Advanced Managerial Accounting. thank y...

A: Given, Miami Industries received associate order for a bit of special machinery from Jay Company.

Q: 18. An entity, with an investment in debt securities carried as FVOCI, deemed its original business ...

A: A contract entered into between two parties that give rise to a financial asset for one party and a ...

Q: The accounting records and bank statement of Entity A show the following information. SUBSIDIARY LED...

A: From the given Information we have obtained, (1) Credit Memos = Check/Cash  Deposits directly collec...

Q: On July 1, 2020, GREEN Company acquired 20% of the outstanding ordinary shares of another entity for...

A: Subsidiary Company -:A Subsidiary company subsidiary is simply a company or also referred to as a da...

Q: The company has these parties of goods on hand: 10x1.000 TL; 20x900 TL; 10x800 TL; 10x700 TL. If 35 ...

A: Last in first out (LIFO) is a method used for inventory account. In this method the last stock purch...

Q: On July 1, 2020, GREEN Company acquired 20% of the outstanding ordinary shares of another entity for...

A: Carrying of book worth of the asset is the value which is recorded when the asset or any other resou...