Which of the following terms is used when assuming a business will continue to operate in theforeseeable future?A. separate entity conceptB. monetary measurement conceptC. going concern assumptionD. time period assumption

Q: How much in Php will be in Ligaya's BDO account after the end of the last 6 years?

A: Future Value (Continuous Compounding) = Principal x e^(i x t) Here, i = Interest Rate t = Time in Ye...

Q: If National Co. treats the AB Division as an investment center for performance measurement purposes,...

A: Before tax ROI = Income before tax/ Average investment in total assets Before tax ROI = 400,000/ 2,4...

Q: Tat Manufacturing Corporation uses a standard cost system with machine-hours as the activity base fo...

A: Computation of the variable overhead efficiency variance is as follows: Formula: Variable overhead e...

Q: Two jobs were completed with total costs of $183,000 and $105,000 respectively. They were sold to th...

A: A manufacturing overhead cost variance refers to the difference between the cost budgeted during the...

Q: On 1 November, 2016, Eastern Company wrote off an account receivable of HK$10,300 as worthless becau...

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....

Q: Which of the following 4 loans has the lowest interest rate risk to the lenders? Loan 1 Loan 2 Loan ...

A: Interest rate risk is the risk of change in the interest rate due to changes in the market and this ...

Q: Do its General Ledgers     DATE PARTICULARS DEBIT CREDIT 04/01/14 Cash in Bank 99,000    ...

A: General ledger accounts posting is the second step of accounting cycle process. Under this, all reco...

Q: (a) Determine the values of X and Y.

A: Year Project-1 Project-2 0 -1030 -1030 1 450 300 2 950 Y 3 X 700

Q: e fo

A: Tax refers to the mandatory charge levied by the government over the income gained by an entity.

Q: Alesha Energy purchased land in fee for $230,000, The fair market values of the surface and mineral ...

A: As per IAS 16, Property, Plant, and Equipment are initially recognized at cost.

Q: ckie derives its sole income from Zhakie. Said income is normally subject to withholding taxes. Jack...

A: There certain exemption to the tax expenses but they may be allowed for deduction to taxes but some ...

Q: Use the following information (in random order) from a merchandising company and from a service comp...

A: The question is related to Cost Management. The cost of goods sold will be calculated with the help ...

Q: Narcisco Publications established the following standard price and costs for a hardcover picture boo...

A: budget is prepared by the business in order to know expenses incurred and revenue earned by the busi...

Q: On January 1, 2017, Ashlock Chemical issued RM4,000,000, 10%, 10-year bonds at RM4,543,627. This pri...

A:   The journal entries are prepared to keep the record of day to day transactions of the business. Th...

Q: Bruell Electronics Co. is developing a new product, surge protectors for high-voltage electrical flo...

A: Number of units to be sold to earn target profit = (Additional fixed cost + Target profit)/ contribu...

Q: Magic Realm, Incorporated, has developed a new fantasy board game. The company sold 60,000 games las...

A: Formula: Net income = Revenues - Expenses.

Q: Sandhill Company reported the following amounts in the stockholders' equity section of its December ...

A: The statement of owners' equity comprises of the capital and retained earnings of the business.

Q: Bulldogs Inc. has sold 2,000 shares of P200 par, 4% preferred stock at an issue price of P184 per sh...

A: The cost of a preference share indicates the value to be paid from the issuance of preferred stock. ...

Q: Instructions 1. Prepare a 10-column worksheet. Show the adjustments (a) through (h)

A: Worksheet is a 10 column sheet being prepared in accounting, which first shows unadjusted general le...

Q: How much is the income tax due assuming the use of the 8% optional tax?

A: Optional tax rate is the optional which the tax payer can choose to be taxed on that rate when the c...

Q: On January 4, 2021, P Company purchased 75% interest in S Corporation for P300,000. S's recorded ass...

A:

Q: Required information (The following information applies to the questions displayed below) The follow...

A: Account Receivables are the entities current assets that are realizable within a period of 12 months...

Q: Accounting Q.2 A company entered into two different leases on Ist January 2012: Machine 1 A total of...

A: Finance leases A finance lease is a type of financing in which the leasing firm purchases an asset ...

Q: National Inc. has been hit hard due to pandemic.  The company’s analysts predict that earnings and d...

A: Answer) Formula: Price of share today = Next Expected Dividend/ (Cost of Equity – Growth rate)     C...

Q: Is it right that she needs not to worry on her exposure on said tax?

A: Fringe benefits are the benefits which the employee of a company receives from its employers during ...

Q: Mom, Pop, and Son are partners sharing profits and losses at 5:3:2, respectively. As of December 31,...

A: The activity when a new person is admitted to the partnership is referred to as admission of partner...

Q: On January 1, 2019, Carson Inc sold used equipment with a cost of S15,000 and a carrying amount of $...

A: ANSWER   On January 1, 2019, Carson Inc sold used equipment with a cost of S15,000 and a carryingamo...

Q: Remodeling and rehabilitation: O Can usually be undertaken by the property manager without consultin...

A: Rehabilitants and remodeling both are a different thing. Rehabilitations consists of renovating with...

Q: The AB division sells goods internally to the CD division of the same company. The quoted external p...

A: Cost Based Transfer Price is based on the total cost incurred. Cost plus 20% Transfer Price is based...

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

A: When services are being provided on account to customers, then it will generate or create accounts r...

Q: On 1/1/20, Bond Co issued 6,000 units of its $1,000 10-year 11% bonds. The bonds pay interest semi-a...

A: Interest payments are calculated on the issue price of the bond which is calculated as shown: Fac...

Q: Company 1 Company 2 Selling price per deck $ 3.00 $3.00 Cost of paper deck 0.62 0.65 Printing ink pe...

A: Breakeven is the point where company's profit is equal to 0. This is the point where company earns n...

Q: onsolidated financial statements are I. The financial statements of a group presented as those of a ...

A: Solution: Consolidated Financial Statements are: 1. The financial statements of a group presented as...

Q: Classifying Costs of Quality Paul Miller, controller of Meta Medical, has reviewed the costs of qual...

A:

Q: Simon intends to start his own business selling specialist wines. Some of his sales will be for cash...

A: A cash budget is a financial analytic tool that forecasts the inflow and outflow of cash in the futu...

Q: Determine the cost of goods manufactured? (Answer in 3 decimal places. No long explanation needed. R...

A: Solution..       Cost of goods manufactured  = Beginning work in process inventory + cost of goods m...

Q: The lease receivable amount includes the present value of rental payments only. rental payments plu...

A: Lease Receivables: In this definition, Lease Receivable refers to an account receivable arising out ...

Q: The comparative partial balance sheets of Barry Company, for Years 1 below in condensed form. Year 2...

A: Barry Company Cash Flow Statement (Indirect Method) For the year ended December 31, Year 2 Cas...

Q: Wilson Corporation has budgeted sales and production over the next quarter as follows: July 40,000 4...

A: Lets understand the basics. Budget is prepared by the management to estimate the profit and loss of ...

Q: The graph shows Global revenue for smart phones. A company has a 35% marketshare in 2019. What is an...

A: Here we will make use of the graph and first see what is the overall revenue for 2020. 

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

A: A consolidated balance sheet is a single balance sheet that provide the financial position of the en...

Q: vironmentally- ke the product:

A: The correct option is 4.

Q: Treacy Company uses a job-order costing system. Assume that Job #504 is the only one in process. The...

A: Total cost of Job #504 = Direct material + Direct labor costs + Applied overhead cost where, Applied...

Q: Sunland Leasing Company agrees to lease equipment to Coronado Corporation on January 1, 2020. The fo...

A: Accounting for Leases There are mainly two types of leases are there one is operating leases and cap...

Q: Duke Company transferred 5,500 units to Finished Goods Inventory during September. On September 1, t...

A: Number of units started and completed = No. of units transferred to Finished goods inventory - Begin...

Q: determine the net income

A: To determine the Net income of the business. We have to prepare Income Statements to determine the n...

Q: Suppose the first installment is to be made on December 31, 2021 instead, can Jackie declare his inc...

A: Installment sales is the sales which the company has made and as per terms of the sale that the paym...

Q: BTS Company provided the following information on December 31, 2021: 500,000 20,000 Cash on hand Pet...

A: Cash and cash equivalents refer to the amount held by a business organization in the form of hard ca...

Q: Ringmeup Inc. had net income of $148,800 for the year ended December 31, 2019. At the beginning of t...

A: Weighted average number of outstanding shares = 38,000×412 + 53,000×712 + 48,300×112               ...

Q: On 31 May 2022, Mars's closing inventory count was valued at a cost of $750,000. This included some ...

A: We know that general provision of valuation of inventory is "Inventory is valued at Cost of Net real...