475 Answered Questions for the topic 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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Financial Accounting Finance Tax Accounting

02/20/20

Sam is making his 1st Registered Retirement Savings Plan contribution.he wants to calculate its max and his 2019 personal income tax return ?
It is February 13, 2020 and Sam just turned 18 year’s old (resident of Quebec). He has been working part-time since he was 16 year’s old and is looking at making his first Registered Retirement... more
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Financial Accounting Finance

02/17/20

Future value in 30 years
Anna has just become eligible to participate in her company’s retirement plan; she is excited as her company matches her contributions dollar for dollar in this plan. The plan averages an annual... more
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Financial Accounting Finance Tax Accounting

02/17/20

2019 tax payable
Max finished his PhD and graduated from university in December 2018. He entered the workforce on January 1, 2019 with a gross salary of $85,000 plus an immediate $5,000 signing bonus when he... more
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Financial Accounting Finance

02/14/20

equivalent of $15000 in 5 years based on inflation forecast
Inflation is forecast at 2% for the next 2 years and 3% thereafter. If you expect to receive $15,000 in 5 years' time, what is its equivalent in todays dollars?
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Financial Accounting Finance

02/11/20

What is the effective interest rate for a credit card advertised at 28% interest compounded daily?
What is the effective interest rate for a credit card advertised at 28% interest compounded daily?by which formula?
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Financial Accounting Finance

02/11/20

Paying of loan in 9 months
How much interest will someone pay on a loan of 10 000$ if this person paying the loan of in 9 months and the loan rate is 4%?Which formula is suitable for this? Is 10 000$ PMT?
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Financial Accounting Finance

02/06/20

Determine the Present Value of an Annuity
Dave, a recent retiree, receives his $600 pension at the END of each month. He will receive thispension for 20 years. If Dave can invest his funds at an interest rate of 10 percent... more
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Financial Accounting Finance

02/06/20

Determine the Future Value of an Annuity
You have instructed your employer to deduct $100 from your paycheque at the End of everymonth and automatically invest the money at an annual interest rate of 5 percent compoundedannually. You... more
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Financial Accounting Finance

02/06/20

Determine the Future Value of an Annuity
You have instructed your employer to deduct $100 from your paycheque at the end of everymonth and automatically invest the money at an annual interest rate of 5 percent compoundedannually. You... more
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Financial Accounting Accounting Finance

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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Financial Accounting Accounting Finance

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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Financial Accounting Accounting Finance

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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Financial Accounting Accounting Finance

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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Financial Accounting Accounting 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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Financial Accounting Math Accounting Finance

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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Financial Accounting Accounting Problem Solving Maths

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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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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Financial Accounting

12/15/19

What is a limitation of online banking?
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Financial Accounting

12/08/19

Apple Stock Price Reflected in Financial Statements? Shareholder's Equity and Market Valuation
Is the increase in Apple's stock price reflected in Apple's own financial statements? In your response to this question, discuss whether the shareholder's equity in a public entity's financial... more
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Financial Accounting Accounting Tax 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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Financial Accounting

11/22/19

Journal Entries of Long-term bonds
Mike Company issued a $5,000,000 of 8%,10-year bonds on January 1, 2014 for $4,731,582. The market or effective interest rate is 9%. Interest is paid annually on each January 1st, and the... more
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Financial Accounting Corporate Finance

11/18/19

What is Miller and Modigliani theory on Dividend Policy?...
Modigliani- Miller Theory on Dividend Policy
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Financial Accounting

11/18/19

Accounting question
I am being asked to record this in the general journal and im not sure how to....Sold 710 "Zips" to Joey on account for $61 each, tern 2/10, net 30Help please!
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Financial Accounting Math Accounting Finance

11/06/19

Prepare the journal entries for December 31, 2021 and 2022.
Charger Battery issued $200,000 of 11%, 7-year bonds on January 1, 2020, for $220,132. Interest is paid annually on December 31. The market rate of interest is 9%.Prepare the journal entries for... more
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