481 Answered Questions for the topic Financial Accounting
Financial Accounting
09/27/22
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What is the importance of understanding the preparation of the Cash flow Statement?
Financial Accounting
09/20/22
Chapter 12 Discussion Activity
Are You Insured? Are you covered by life insurance? If so, how much? Given what you have read, do you feel that you ate over or under insured?
Term Versus Cash Value Insurance. Why do you think...
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Marketing and Accounting been stuck on this question all day please help!
The Superior Jumpdrive Company sells jump drives for $10 each. Manufacturing cost is $2.60 per jump drive; marketing costs are $2.40 per jump drive; and royalty payments are 20% of the selling...
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09/17/22
Which one of the following is an unintended result of the Sarbanes-Oxley Act?
a. More detailed and accurate financial reportingb.Increased management awareness of internal controlsc. Corporations delisting from major exchangesd. Increased responsibility for corporate...
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Financial Accounting
09/02/22
Could anyone explain this Accounting Problem?
If a company fails to make the year-end adjusting entry to record supplies expense for the year, would the net income be understated, the total assets and liabilities be overstated, or will the...
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08/27/22
Contribution Format Income Statement
How do I find the fixed selling and administrative expenses when filling in a contribution income statement? I know the actual selling and administrative expenses which are both $24,000.Sales:...
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Financial Accounting
07/24/22
Accounting for Partnership
I'm doing Accounting for Partnerships. I am wondering if the current account of a partner affects the net profit? If so, how does a increase or decrease in a current account affect the net profit?
07/17/22
Find the Gain/Loss on options on expiry
On 20 June, you bought two contracts of call option for euro with a strike price of $ 14000 at a premium of $ 0.07. The spot rate was $ 14500 per euro then. The option expires in six months time in...
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07/17/22
Cost per unit using Activity Based Costing method
BOS Ltd. manufacturers of computer games, toys and software for kids. It produces two types of toys Speed car & Double speed car. The direct material costs amounts to Rs.20 for Speed car and...
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Financial Accounting
07/02/22
Bank Reconciliation
I need help doing bank reconciliation to find variances.Thank you
Financial Accounting
06/25/22
You are to enter up the necessary accounts for the month of May 2007 from the following details, and then balance off the accounts and extract a trial balance as at 31 May 2007.
You are to enter up the necessary accounts for the month of May 2007 from the following details, and then balance off the accounts and extract a trial balance as at 31 May 2007. 2007 May 1 Started...
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Financial Accounting
06/25/22
financial accounting
You are to enter the necessary accounts for the month of May 2007 from the following details, and then balance off the accounts and extract a trial balance as at 31 May 2007. 2007 May 1 Started...
more
3 colleagues went on a business trip. How to divide the expenses?
Hi,Please help me to solve this.3 colleagues went on a business tripGeorge Paid: $557+785 total $1342 for breakfast and dinner.Arthur Paid: $500 for Lunch for all three.Scott paid: $250 for High...
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Identify any consequences (direct or indirect) to others when you make money from stocks or mutual funds?
Are there any consequences (direct or indirect) to others when you make money from stocks or mutual funds? Identify other individuals or groups that may be affecteda) from a financial standpointb)...
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Identify any consequences (direct or indirect) to others when you use or benefit financially from owning a credit card?
Identify any consequences (direct or indirect) to others when you use or benefit financially from owning a credit card? Identify two other individuals or groups and explain how/why for each.Please...
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Are there any consequences (direct or indirect) to others when you make money from stocks or mutual funds?
Are there any consequences (direct or indirect) to others when you make money from stocks or mutual funds? Identify other individuals or groups that may be affecteda) from a financial standpointb)...
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Are there any consequences (direct or indirect) to others when you use or benefit financially from owning a credit card?
Are there any consequences (direct or indirect) to others when you use or benefit financially from owning a credit card? Identify two other individuals or groups and explain how/why for each.Please...
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06/14/22
Please Help!!! I am clueless about how to work this problem out!
A certain retailer increases wholesale prices by 36%. If this retailer offers a 5% discount off the ticket price, what percent profit will the retailer realize?The realized profit is the amount of...
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Financial Accounting
06/08/22
Mar, cashier of ABC Department store
Mar, cashier of ABC Department store is given a 15% discount on a cash purchase. How much will her discount be if she buys 2 dresses at P180 each and one pair of shoes costing P650?a. P150.50 b....
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Financial Accounting
05/28/22
Chik Chik Company showed ($________) as total credits on its trial balance.
Chik Chik Company showed the following balances at the end of its first year:
Chik Chik Company AccountsItemAmount
Cash
$6,000
Prepaid insurance
9,400
Accounts receivable
7,000
Accounts...
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Financial Accounting
05/25/22
Prepare journal entries to record basic business transaction and determine the balances of accounts using the t-account. Determine SFP using repost form.
Evelyn Tria, Attorney-at-Law, opened her office on September 01, 2016. The following transactions were completed during the month:a. Deposited 210,000.00 in the bank in the name of the businessb....
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Financial Accounting
05/19/22
What are the reconciling items under both of these methods?
I am working in a distributor company where they calculate closing capital by two methods. First is Total Assets- Liabilities = Closing capital. Second is opening capital+ profit/ (loss) for the...
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Financial Accounting Banking
05/19/22
how do i make 200 dollers in less than 2 days with 0 dollers
i need help, i lied to someone saying I have 200 dollars when I actually don't cause I owe them and I need to pay in less than 2 days plz help I really don't know what to do everything on youtube...
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04/15/22
Financial, Investing, and Operating Activities
This Information will be used for all questions:
Selected Balance Sheet Information
Year 2020
Year 2021
Cash
40,000
?
Accounts...
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