What  are business transactions called that increase owner’s equity as a result of providing a services or selling products to customers? Group of answer choices revenue expense liability asset

Q: Units sold 3 050 Units in closing inventory 100 Variable costs per unit:  Direct materials R12,00…

A: Marginal costing is also known as variable costing. This costing method says that only variable…

Q: 10. In a liquidating distribution Ann receives cash of $3,000, inventory in which the partnership's…

A: Introduction: A corporation is liquidated by selling its assets and utilizing the revenues to pay…

Q: A. FF Co. changed its inventory valuation from the FIFO cost method to the weighted average method…

A: Solution:- Introduction:- As per LIFO, Cost of goods sold is valued at latest price and closing…

Q: 28) Stockholders of a corporation directly elect A) the president of the corporation. corporation.…

A: A shareholder is a person or entity who owns stock in a corporation. A stockholder's ownership of a…

Q: A corporation cannot start its operation if the Securities and Exchange Commission (SEC) does not…

A: Corporation is a legal form of business organization, under which several members invest their…

Q: From among the list, what is the difference between a partnership and a corporation? a. Existence…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Every partner may do acts of administration if there was no designated managing partner in the…

A: Partnership is an agreement between 2 or more person who are called as partners, agree to start and…

Q: May the supplier obtain payment from A?

A: Partnership refers to a form of business where two or more persons with some common goals come…

Q: In 2021, a company issued 1,000,000 no-par value ordinary shares for P1.15 per share. The stated…

A: As per the Bartleby's norms, in case of multiple independent questions been asked, the expert can…

Q: Drake Corporation is reviewing an investment proposal. The initial cost and estimates of the book…

A: The question is related to Capital Budgeting. The Cash pay back period is years length of time…

Q: On December 31, 2021, the company presented the following information: Ordinary share capital, P50…

A: A quasi-reorganization is a relatively obscure provision under GAAP, which states that under certain…

Q: C) majority and mino:

A: Stockholders are the people associated with the company but have a separate entity so they are…

Q: Hours Wait time 19.5 Process time 2.3 Inspection time 1.3 Move time 3.2 Queue time 10.3 The delivery…

A: Lets understand the basics. Delivery cycle time is a time from the taking the order of customer to…

Q: True or False: Borrowing and repaying debt principal does not impact net worth. Select one: True…

A: Introduction: The net value of a firm is the total of its assets minus its liabilities as stated on…

Q: The following data are provided by Coach Sarah Company: Assets at book value P750,000 Assets at…

A: Introduction:- The term deficiency is an insufficient amount. It means all Assets at net realizable…

Q: Balance Sheet Jack and Jill Corporation's year-end 2018 balance sheet lists current assets of…

A: Introduction: The number of assets remaining in a company after all liabilities have been resolved…

Q: True or False: Borrowing money and repaying debt results in changes in Net Worth. Celect one: - True…

A: Net worth means the amount that belong to the owner of the businessmen. It include the amount…

Q: ENcel ter ons P9-18. As the bookkeeper of Rose Company of Drumheller, you received the bank state-…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: 6. Business A and Business B are both engaged in retailing, but seem to take a different approach to…

A: INTRODUCTION: The aim of the financial statements is to provide financial information about a…

Q: Michalleti Marketing Consulting Ltd issued Gh¢500million of zero-coupon bonds with ex-interest of…

A: The cost of debt is the amount of the cost which is required by the company to pay to the lenders of…

Q: What is the difference between book value accounting and market value accounting? How do interest…

A: Here discuss about the details of the book value of accounting and the market value of accounting.…

Q: 27) Under the corporate form of business organization, A) stockholders wishing to sell their…

A: Stockholders are holders of shares who are considered the owners of the shares of the company. They…

Q: a. Break down the material cost variance into different related variances: price variance, usage…

A:

Q: explain each choices. Reportable conditions are matters that come to an auditor's attention and that…

A: Internal  Control: An entity's board of directors, management, and other people are the ones who…

Q: CFAS Company issued 200,000 shares of P5 par value at P10 per share. On January 1, 2022, the…

A: Under the cost method, the purchase of treasury stock is recorded by debiting treasury stock account…

Q: In 2021, DFS Medical Supply collected rent revenue for 2022 tenant occupancy. For income tax…

A: Journal refers to the book of the business organization which records all the business transactions…

Q: Assets = Liabilities + Owner’s Equity is called the _______________________. Group of answer choices…

A: Accounting Equation: According to the accounting equation, the total assets of a corporation are…

Q: 6. Writé Up 20X7 March 1 Started business with £750 cash and £9,000 in the bank. == 2 Received a…

A:

Q: A taxpayer made available the following financial information: Gross sales        - Php 10,000,000…

A: Taxable income is the foundation income on which taxes are levied. It includes some or all of the…

Q: basis was $1,800, and land in which aterest was $25,000. in or loss on the distribution?

A: Given as, Received amount= $3,000, Inventory Partnership basis= $1,800, Land partnership basis=…

Q: True or False: Borrowing and repaying debt principal does not impact net worth. Select one: O True…

A: Introduction: The net worth of a firm is that the total of its assets minus its liabilities as…

Q: Jaime Ltd manufactures and sells a small electric product to order for the computer industry. The…

A: The income statement should be prepared to record revenue and expenses for the period and find the…

Q: 15 Bradford contributed cash of $25,000 and Land with an adjusted Basis of 545,000 and a Fair Market…

A: Partnership is the business where 2 or more than 2 parties can invest and share and also contributes…

Q: how the  Total Asset Turnover Ratio for pepsi company for year 2019, 2020, 2021 calculated?

A: Asset Turnover Ratio = Net Sales / Average Total Assets. A business that has net sales of…

Q: ) Appiah Company is a manufacturer of office desks. It uses a standard absorption costing system to…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: You have been hired as a financial consultant by Himalaya Ltd. The CEO, Ms. Natasha  Romanoff has…

A: Answer:- i Dividend:- A dividend is a kind of payment to its shareholders by the a company. When a…

Q: Gene and Dixie, husband and wife (ages 35 and 32), bc gross income of $95,000 in 2017, and they are…

A: IRA contribution limitations and eligibility are determined by your modified adjusted gross income,…

Q: company’s inventory expressed as a percentage of current assets increased from 25% last November to…

A: Lets understand the basics. Inventory is a vital part of the company's balance sheet. It shows how…

Q: The partnership is in need for an additional capital. As a capitalist partner, B was compelled to…

A: Capitalist partner refers to the partner who contributes property, money and his work or industry to…

Q: xplain 3 reasons why a company should adapt environmental accounting in ther business

A: Introduction:- Environmental accounting is managing your environmental data, like material…

Q: Nicanor is a resident doctor of ABC Hospital. At the same time, he operates his own clinic. ABC…

A: Nicanor is resident doctor of ABC Hospital .  He is employee of the…

Q: Explain how accounting principles are used to analyze a business’s financial health, What accounting…

A: Introduction: Financial analysis based on accounting standards entails both analysis and…

Q: How would non-financial performance indicators help to improve the performance of the company?…

A: Introduction: In its most basic form, non-financial performance metrics give information on a…

Q: .IFRIC 17 Distribution of noncash assets to owner provides that at the end of each reporting period…

A: Dividend payable is the amount of the return which is to paid to the shareholders of the entity.

Q: Bruce Corporation makes four products in a single facility. These products have the following unit…

A:

Q: 1.  How many shares of treasury stock are owned? fill in the blank 1 shares 2.  What was the…

A: Since you have posted a multi-part question, we will solve the first first 3 sub-parts for you. For…

Q: Concord, Inc., has 4000 shares of 5%, $100 par value, noncumulative preferred stock and 32000 shares…

A: The calculation of annual preferred dividend has been made as follows: Annual preferred…

Q: G is a capitalist partner. He was able to contribute P500,000.00 for the benefit of the partnership.…

A: Partnership is an agreement between two or more persons who carries their business operations…

Q: B. While examining the accounts of Granny Co. on December 31, 2020, the following errors were…

A: Part1: Corrected Net Income of 2019 Unadjusted Net Income of 2019…

Q: explain what happen in this turnover ratio for pepsi company for yea 2019, 2020, 2021? List Of…

A: Introduction: The turnover ratios are used to assess the company's efficiency and how it utilizes…