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Accounting Tax Accounting Managerial Accounting Financial Accounting

03/18/20

PREPARE A PROPERLY CLASSIFIED BALANCE SHEET AD MULTIPLE STEP INCOME STATEMENT

Restaurant revenue- Credit 1,000Cost of restaurant revenue- Debit 200Telephone expenses- Debit 100Cash- Debit 500Accounts Receiveable- Debit150Supplies Inventory-Debit 20LAnd- Debit 200Building,... more

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Accounting Tax Accounting Managerial Accounting Financial Accounting

03/18/20

Hi! Please help me define some accounting terms

a more descriptive title for the balance sheet another name for income statement 2 synonyms for the owner's equity What is the function of an income statement What is the function of a balance... more

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Accounting

02/13/20

An analysis of the company's insurance policies provided the following facts. (Adjusting Journal Entry).

Policy Start Date Term Cost A 4/1/17 24 10,824 B 4/1/18 36 9,576 C 8/1/19 12 8,424 The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid... more

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Accounting Finance Financial Accounting

01/18/20

accounting question

indicate whether each of the following accounts represents an asset, liability, or owner's equity: a. Accounts payable b. Wages expense c. Capital d. Accounts... more

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Accounting Finance Financial Accounting

01/18/20

accounting true or false questions

Depreciation Expense can be used in preparing adjusting entries True False Wages Payable can be used in preparing adjusting entries. True False Accumulated Depreciation can be use din... more

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Accounting Finance Financial Accounting

01/18/20

accounting question

Short-term liabilities are those liabilities that a. will be paid in less than one year b. are due to be paid in 5 to 10 years c. are due to be paid in more than one year d. are... more

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Accounting Finance Financial Accounting

01/17/20

accounting question

Which of the following pairs of accounts could not appear in the same adjusting entry? a. Service Revenue and Unearned Revenue b. Interest Income and Interest Expense c. Rent Expense and... more

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Accounting Finance Maths Numbers

01/10/20

Averaging percentages

How do you find the average for 3 percentages?

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Answers •2

Accounting Finance Maths Numbers

01/09/20

Rank in order (Highest to Lowest) change in operating expenses from year 1 to year 2

Question: Rank in order from highest (1) to lowest (5) in terms of the change in operating expensesKey: m = millionoperating expenses:A - year1=12.8m & year2=9.9mB - year1=25.1m &... more

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Accounting Math Finance Maths

01/09/20

Rank in order (Highest to Lowest) change in operating expenses from year 1 to year 2

Question: Rank in order from highest (1) to lowest (5) in terms of the change in operating expensesKey: m = millionoperating expenses:A - year1=12.8m & year2=9.9mB - year1=25.1m &... more

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Answers •1

Accounting Problem Solving Maths Financial Accounting

01/09/20

Change in operating expenses from year 1 to year 2

Question: Rank in order from highest (1) to lowest (5) in terms of the change in operating expensesKey: m = millionoperating expenses:A - year1=12.8m & year2=9.9mB - year1=25.1m &... more

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Accounting Tax Accounting Managerial Accounting Financial Accounting

12/16/19

A fixed asset with a cost of $30,000 and accumulated depreciation of $27,500 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset?

A. $3,500 gain B. $1,000 gain C. $1,000 loss D. $2,500 loss C. $3,500 loss D. $2,500 gain

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Accounting

12/12/19

The annual accounts receivable is 3,000; the annual sales 40,000, and the gross profit margin is 40%. The receivable days estimated from the data above is?

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Accounting

12/12/19

Need help figuring out how my professor got the answer he did. Accounting question.

This is the question: Houghton Company began business on January 1, 2015 by issuing all of its 1,000,000 authorized shares of its $1 par value common stock for $20 per share. On June 30, Houghton... more

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Accounting

12/09/19

Construction Revenue Recognition

In 2020, Acme Construction began work on a contract with a price of $850,000 and estimated costs of $595,000. Data for each year of the contract are as follows: 2020 2021 ... more

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Accounting

12/01/19

How do I calculate the answers, I am at a complete loss of how to determine

Cost Flow MethodsThree identical units of Item PX2T are purchased during July, as shown below. Item PX2T Units Cost July 9 Purchase 1 $208 July 17 Purchase 1 209 July... more

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Accounting Tax Accounting Financial Accounting

11/26/19

General journal entry for Value-added tax in transaction.

Prepare general journal entry to record the below transaction. Round off all amounts to the nearest whole number.The Seed Factory (Pty) Ltd is a company that makes and distributes all types of food... more

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Accounting

11/21/19

1200 is divided among P, Q and R. P gets half of the total amount received by Q and R. Q gets one-third of the total amount received by P and R. Find the amount received by R.

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Accounting

11/19/19

1-3.2 application problem

Owner withdrew equity in the form of cash, $150.00.

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Accounting Business

11/19/19

Stear Corp. purchases goods on credit for $2,000. It records this transaction in the journal. It then returns a quarter of these goods to the vendor because they were defective. How will the

accountant record the transaction of returning the defective goods in the journal?A. Accounts Receivable Account (debit) 2,000 Purchase Return Account (credit) 2,000B. Purchase Return... more

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Accounting Business

11/19/19

Stear Corp. bought a commercial vehicle for $30,000 in the month of June 2015. It pays 50% of its purchase price by check immediately. It signs an agreement with the dealer to pay the balance in

the month of December 2015. How will you classify the transaction for purchase when it is recorded in the journal?A. simple journal entryB. compound journal entry C. complicated journal... more

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Accounting Business

11/19/19

Stear Corp. has an opening inventory of $2,500. During the year, it made purchases worth $55,000. At the end of the accounting period, the inventory was worth $1,250. What was the cost of goods sold?

A. $57,500B. $56,250 C. $53,750D. $55,000

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Accounting

11/12/19

Business Accounting (Merchandising)

Firas sold merchandise on account to Fatin, RM15,000, terms FOB shipping point, n/45. The cost of the goods sold was RM9,000. Firas paid the RM1,000 shipping costs. In Fatin’s journal entry, what... more

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Accounting

11/12/19

Business Accounting (Merchandising)

Merchandise with an invoice price of RM15,000 is purchased with terms of 3/10, n/45, FOB shipping point. Transportation costs paid by the buyer were RM162. What is the cost of the merchandise... more

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Accounting

11/12/19

Business accounting (Merchandising)

A sales invoice included the following information: merchandise price, RM12,000; transportation, RM500; terms 2/10, n/eom, FOB shipping point. Assuming that a credit for merchandise returned of... more

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PREPARE A PROPERLY CLASSIFIED BALANCE SHEET AD MULTIPLE STEP INCOME STATEMENT

Hi! Please help me define some accounting terms

An analysis of the company's insurance policies provided the following facts. (Adjusting Journal Entry).

accounting question

accounting true or false questions

accounting question

accounting question

Averaging percentages

Rank in order (Highest to Lowest) change in operating expenses from year 1 to year 2

Rank in order (Highest to Lowest) change in operating expenses from year 1 to year 2

Change in operating expenses from year 1 to year 2

A fixed asset with a cost of $30,000 and accumulated depreciation of $27,500 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset?

The annual accounts receivable is 3,000; the annual sales 40,000, and the gross profit margin is 40%. The receivable days estimated from the data above is?

Need help figuring out how my professor got the answer he did. Accounting question.

Construction Revenue Recognition

How do I calculate the answers, I am at a complete loss of how to determine

General journal entry for Value-added tax in transaction.

1200 is divided among P, Q and R. P gets half of the total amount received by Q and R. Q gets one-third of the total amount received by P and R. Find the amount received by R.

1-3.2 application problem

Stear Corp. purchases goods on credit for $2,000. It records this transaction in the journal. It then returns a quarter of these goods to the vendor because they were defective. How will the

Stear Corp. bought a commercial vehicle for $30,000 in the month of June 2015. It pays 50% of its purchase price by check immediately. It signs an agreement with the dealer to pay the balance in

Stear Corp. has an opening inventory of $2,500. During the year, it made purchases worth $55,000. At the end of the accounting period, the inventory was worth $1,250. What was the cost of goods sold?

Business Accounting (Merchandising)

Business Accounting (Merchandising)

Business accounting (Merchandising)

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