575 Answered Questions for the topic accounting

Accounting

03/13/21

i have to complete my general journal
In 2020 your friend Kent started a moving company, Kent’s Moving Co. He hired a bookkeeper to journalize all the business transactions that occurred for the year, and she posted those entries... more
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02/23/21

How can I make a regular even small stream of income from the Stock Market?
Day trading or regular trading can help you build wealth. It's great if you start young.
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02/08/21

The labor productivity

An employee produces 15 parts during a in which he made $90 what is the labor productivity? a) $1350b) $90c)$0.167d)$5e)$6
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Accounting Finance

02/07/21

The Current ratio

A company's current ratio is 1.5. If the company uses cash to retire notes payable due within one year, this transaction would  the current ratio and  the return on assets ratio.(a) increase,... more
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Accounting

02/05/21

Do liabilities and equity decrease your assets or do they increase them?
for example, If total liabilities increased by $15,000 and owner’s equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same... more
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01/22/21

Packing Labor will be Direct Labor or Indirect Labor
HelloOur company manufacture Bearings. When bearing convert into a finished product, we pack every bearing into a box. My question is Packing Labor will be Direct Labor or Indirect Labor.Thanks
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Accounting

01/12/21

Account deletion
How do I delete my account
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Accounting Business Reading

01/06/21

Please Help! Helgeson Company has identified the following items for possible inclusion when taking a physical inventory. Indicate whether each item should be included or excluded from the inventory.
Helgeson Company has identified the following items for possible inclusion when taking a physical inventory. Indicate whether each item should be included or excluded from the inventory, explain... more
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12/28/20

IFRS AND US GAAP (IAS 38)

Madison Company acquired a depreciable asset at the beginning of Year 1 at a cost of £12 million. At December 31, Year 1, Madison gathered the following information related to this asset: Carrying... more
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Accounting

12/20/20

required to pay sales tax
Is a trucking company required to pay sales tax on their income? they dont sell anything; they haul items for other people.
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Accounting

12/15/20

accounting question need ASAP
Stear Corp. has taken a loan of $750,000 from a bank. The company's accountant enters the details of the transaction in the journal. The transaction needs to be posted in the ledger. In which... more
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12/13/20

What is the present worth of the depreciation tax held?
Company A purchases $200,000 of equipment in year zero. It decides to use straight-line depreciation over the expected 20 years life of the equipment. The interest rate is 14%. If its average tax... more
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12/10/20

Journal Entry, Trial balance, adjusting entries and Preparing worksheets.
JUNE 2017June 8: Logan invested 500,000 to start his business, name as Lee HotelJune 9: Bought 800,000 worth Kitchen Equipment from KIT Supply. Terms 20% down payment and the remaining balance on... more
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11/27/20

Accounting question
MR. ABC acquired his business for P3 million. The Fair Market value of the business is P5 million. Will it be more useful if accounting records were adjusted corresponding to the fair market value... more
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Accounting

10/19/20

Explain why the term debit doesn't always mean "increase" and why the term credit doesn't always mean "decrease."
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Accounting

10/12/20

Wildhorse Co. reported net sales $920,000; cost of goods sold $598,000; operating expenses $241,500; and net income $78,200. Calculate the profit margin and gross profit rate.

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10/10/20

Ordinary Annuity
A man bought a car in installment basis. If he pays P10,000 per month at a rate of 15% compounded monthly for 3 years, find the cash price and the accumulated amount of money for the car.
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Accounting

09/26/20

How do I create a trial balance from a general ledgar?
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Accounting

09/24/20

angles de guzman trial balance
T accounts and Trial balance
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Accounting

09/22/20

what are journal entries?
Fair bought goods at list price $ 4500 0n 24 November 2019 Adil is offered a trade discount of 20% and a cash discount of 15% if paid within 10 days. Adil had made payment at 02 December 2019 Make... more
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Accounting Math

09/15/20

Accounting question. Please help. Need step by step answer.
On January 1, 2020, total assets for Books Inc. were $100,000; on January 31, 2020, total assets were $110,000. On January 1, 2020, total liabilities were $60,000. Book Inc. earned $20,000 in... more
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Accounting

09/09/20

Calculate the value of assets
Candy and Barr form a partnership called ‘Candy‐Barr’ to combine their assetsand liabilities. Candy’s assets are worth R480 000. Her liabilities are R14 000.Barr’s assets are worth R672 000. Her... more
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09/03/20

Are the LT capital gains tax rates based off gross income or AGI?
Say a single filer has 2019 wages of $50,000 and LT capital gains of $10,000. Would I use $60,000 to determine my capital gains tax rate or $47,800 ($60,000 less the 2019 standard deduction)? I... more
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08/28/20

Accounting Equation

Accounting Equation Shannon Cook is the stockholder and operator of You're A Star LLC , a motivational consulting business. At the end of its accounting period, December 31, 20Y2, You're A Star has... more
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08/28/20

Cost Principles
On June 25, Repair Service extended an offer of $141,000 for land that had been priced for sale at $161,000, On July 9, AAA Repair Service accepted the seller's counteroffes of $153,900. On October... more
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