How do computer-assisted procedures complete the analytical procedure audit

Q: A, B and C as partners in a partnership stipulated and mutually agreed that A shall not share in the…

A: There are several forms of business organisation that is used by the business. These are sole…

Q: This is the situation where liquidation value is considered for industries which purpose are related…

A: The liquidation of any company is the process to wind up the company so because they loss money -…

Q: Please read the following short scenario and answer the two questions given at the end Juniper is…

A: Organizational Buying Process: It refers back to the system via which commercial shoppers make a buy…

Q: Gizmo Inc. purchased a one-year insurance policy on October 1 for $4,320. The adjusting entry on…

A: Dec.31 Insurance Exp                     $1080.00             Prepaid Insurance…

Q: Max, Alfred and Waters shared profits and losses 20%, 40%, and 40% respectively and their…

A: In the books land should be recorded in the fair value so option C is correct.

Q: Which of the following is an example of proper accounting when it comes to reporting amounts on a…

A: The land shall be reported in the balance sheet at the original cost. So, the first statement is not…

Q: If the total debit balance equals the total credit balance on the trial balance, the accounting…

A: Accounting records may contain many types of errors. Some of them are posting mistakes, compensating…

Q: D6) Finance What are the costs of extending trade credit? (Be specific please)

A: Trade credit is the credit or kind o loan given to the customers of the business for delaying the…

Q: BRS 1. Cash balance according to the company's records at August 31, $17,100. 2. Cash balance…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: A company

A: The total cost of production of a good comprises of the total fixed cost of production and the total…

Q: Which of the following statement is CORRECT regarding Job order cost accounting system? O Under the…

A: In the context of the given question, we are required to find the correct option from the available…

Q: 20. Marta purchased a sweater for $15.67, a pair of socks for $2.13, and a bracelet for $6.78. For…

A: In the context of the given question, we are required to compute the tax on purchases.  State sales…

Q: 01: Q X Google X My Questions | bartleby X + e.esc.edu/mod/lti/view.php?id=3172946 e Library MyESC…

A:

Q: Romeo is trying to decide whether to accept a salary of P40,000 or a salary of P25,000 plus a bonus…

A: The net income is calculated as difference between total revenue and expenses of the current period.…

Q: Why might it be desirable to operate enterprise funds at a profit? H The Village of Seaside Pines…

A: The closing entries at the year end are presented hereunder : The purpose of recording closing…

Q: Contribution Margin Willie Company sells 39,000 units at $33 per unit. Variable costs are $22.11…

A: a.  Contribution margin ratio = $33-$22.11$33×100=33% b.  Unit contribution margin = $33-$22.11 =…

Q: Exercise 2-19A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5,…

A: Journal entries are the foremost reporting of business transactions in the books. These are posted…

Q: BE6-9 Rosario Department Store uses a perpetual inventory system. Data for product E2-D2 include the…

A: FIFO Method - As per this method, the inventory which is purchased first are also sold first. LIFO…

Q: On September 1, a corporation had 100,000 shares of $2 par value common stock, and $1,000,000 of…

A: When an organization increases the number of its stocks to enhance the stock's liquidity is known as…

Q: amortization expense in 2024?

A: The Blue company has bought the trademark from shoes inc. for P300,000 then the amortization cost in…

Q: From the balance sheet prepare a proforma income statement where revenues can increase by 2% and the…

A: A projected income statement is a statement in which the future income statements are projected by…

Q: ractor Division makes a part that it sells to customers outside of the company. Data concerning this…

A: $26…

Q: The following standard costs per unit, of one product, have been taken from the records of Bahrain…

A:

Q: If the beginning balance of retained earnings is $180,000, revenue is $85,000, expenses total…

A: Answer:-  Retained earnings meaning:- The amount of net income which is generally left over for the…

Q: Journal entry? Direct labor expense for Job C15 was $24,128. Actual overhead was incurred on account…

A: Factory overhead applied = 200℅ of direct labor Direct labor= $ 24128 Applied factory overhead =$…

Q: Maler Cash $13.500 38.500 loventory 40350 Total assets 202.000 $319,750 $67.750 Accounts payable…

A: Budgets are the estimates or forecasts that are made for future period. Some budgets that are being…

Q: Which account would be increased with a debit?   Multiple Choice   Supplies   Accounts Payable…

A: Assets in the Balance Sheet and Expenses in the Statement of Income increase with a debit and…

Q: Journal entry worksheet < 1 17 Record the entry to transfer from WIP to Finished goods. Note: Enter…

A: Producers' finished goods are such total. There's no need for retailers to categorise or segment…

Q: Profitability Analysis Alex Enterprises reports the following information on its year-end income…

A: The gross profit is calculated as difference between sales and cost of goods sold.  The operating…

Q: March 2021 1 The owner, Gina, invested the following: filing cabinets and fixtures- 15,000; cash,…

A: In the context of the given question, we are required to prepare the ledger of accounts of JUNNA BET…

Q: Statement I. If the deposit or advance results from company’s operating activities, the liability is…

A: Answer : a)Both Statements are true.   Reason : Before getting into the reason let's know what is…

Q: Dividends are subtracted from revenues on the income statement.   True or False

A: The dividend is declared to the shareholders from the retained earnings of the business.

Q: A new barcode reading device has an installed cost basis of $23,790 and an estimated service life of…

A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…

Q: Friends Partnership has three partners. The balance of each partner' capital is: Alia $48,000,…

A: Partnership means the agreement between the two or more person to do the business together and share…

Q: Under absorption costing, a company had the following per unit costs when 5,000 units were produced.…

A: 1. Total product cost per unit Particulars per unit direct labor 5.60 Direct material 6.60…

Q: Period SD Peso value of Output % of Scrap Jan 1,500,000 4.5 Feb 1,650,000 2.5 Mar 1,600,000 3.0…

A: Fixed Cost is the cost that is the same at all levels of output. Variable cost is that cost that is…

Q: Balance sheet? Sales 46,828 Purchases 32,222 Capital 80,000

A: Introduction: Balance sheet: All Assets and liabilities are to be shown in Balance sheet. It tells…

Q: Baekhyun Company distributes annual bonuses to its sales manager and two sales supervisors. The…

A: Bonus is the additional pay that a company pays to its employees over and above their regular…

Q: Spring Appliances received an invoice dated June 13 with terms 4/10 EOM. for the items listed below.…

A: A. As per payment term of 4/10 EOM, so of invoice amount is paid within 10 days after end of the…

Q: Learning Task 3: Prepare Adjusting Entries in a two-column journal: 1. On June 30, 2018, Mr. De…

A:

Q: ginning work in process in the finishing department was 75% complete as co conversion. Direct…

A: Units Accounted for =Beginning WIP units + Units started this period…

Q: Chapman Company obtains 100 percent of Abernethy Company’s stock on January 1, 2020. As of that…

A: Calculation of Goodwill:

Q: On January 1, 20x9, Fairness Company sold a tract of land that was acquired years ago for P…

A:

Q: Dana Company manufactures and sells a single product. The following costs were incurred during the…

A: The unit product cost is calculated as total cost divided by number of units. The net income is…

Q: Dillon Products manufactures various machined parts to customer specifications. The company uses a…

A: The manufacturing overhead is said to be overapplied when applied overhead is more than the actual…

Q: Francis Company's selected accounts balances on December 31, 2015 are as follows: Cash 60,000…

A: The total amount of equity can be calculated by two methods. first is by deducting total liabilities…

Q: The following revenue and expense account balances were taken from the Income Statement columns of…

A:

Q: om the following Income and Expenditure Account and the Balance Sheet of a club, prepare its ceipts…

A: The receipt and payment account are prepared in order to calculate and summarize the actual cash…

Q: Early in its fiscal year ending December 31, 2021, San Antonio Outfitters finalized plans to expand…

A:

Q: Journal entry? 1. Materials were purchased on account for $35,425. 2. Materials were requisitioned…

A: Materials- Materials inventory is essentially raw materials inventory, which is the total cost of…