How do you identify intangible assets such as usufruct in modern transactions? Justify with examples

Q: H. In an effort to improve budgeting, the controller for Zero Products has developed a flexible budg...

A: First of all, we have to calculate the total direct labor hour requirement from the given details

Q: jenge Bank has the followin parentheses. Assets Cash OECD Interbank deposit

A: Business loan- A business loan, also known as a commercial loan, is a type of financing used to cove...

Q: On January 1, 200A, ABC Company sells to XYZ, a used transportation equipment, which was acquired at...

A: Note receivable is the instrument that gives a right to the holder of the instrument the right to re...

Q: d) show the Corp’s Net Realizable Value after writing off Customer F

A: d)

Q: Mohr Company purchases a machine at the beginning of the year at a cost of $28,000. The machine is d...

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets ...

Q: In the sample paystub presented above, what is the total value of ALL the non-statutory deductions f...

A: Solution:- Non-statutory deduction:- Non-statutory payroll deductions are payroll deductions that ar...

Q: Bank errors should: Group of answer choices be adjusted in book but not in bank proof of cash. be ad...

A: when ever transaction is recorded in the cash book and pass book there is is always a chance that er...

Q: Macanas Company had 125,000 shares issued as of January 1, 2018, which includes 25,000 treasury shar...

A: Answer) Calculation of Number of shares issued Number of shares issued = Total number of shares issu...

Q: Date Account Titles and Explanation PR Debit Credit 2019 August Cash P 100,000 Armenta, Capital Inve...

A:

Q: SMIC issued 10-year P6,000,000-face value bonds two years ago. The bonds have a current market value...

A: The current effective rate would be the rate at which discounted cash flows is equal to the current ...

Q: On June 30, the end of the first month of operations, Tudor Manufacturing Co. prepared the following...

A: The income statement is prepared using various methods as variable costing and absorption costing me...

Q: Which of the following will increase the balance of accounts receivable? Group of answer choices Not...

A: Option B and D are incorrect because these will decrease the balance of accounts receivables. Option...

Q: The initial amount of the note receivable

A: The notes receivable would be calculated as present value of annual lease payment on the loan. The p...

Q: Kingbird publishes a monthly sports magazine, Hockey Hits. Subscriptions to the magazine cost $22 pe...

A:  To generate a journal entry, you input transaction data into your company's books. Your journal ent...

Q: $10,000 $12,000 Accounts Receivable $3,000 $4,000 Service Revenue Cash Office Supplies $2,000 Rent E...

A: Revenues and expenses are shown in the income statement. Total assets, liabilties  and stockholders'...

Q: Complete the acounting for the following (you can use the Balance Sheet Equation, Journal Entries or...

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: If JoBlo Inc., has a retained earnings opening balance of $50,000 at the beginning of the year, and ...

A: Formula: Ending Retained earnings = Beginning Retained earnings + Net income - Dividends paid 

Q: 3.a. AG Pharma has taken deposits from the public under the name Public Deposit, for a duration of 5...

A: Public deposits means the unsecured amount of money invited through companies from public mainly for...

Q: On January 1, 200A, ABC Company sells to XYZ, a used transportation equipment, which was acquired at...

A: Current liabilities: Liabilities that have to be paid within one year or one operating cycle, whiche...

Q: Upperchurch Company reports the following components of stockholders' equity on January 1. Common st...

A: Date Transaction Impact on Equity  Amount  Jan'1 Total Stockholders' Equity - January'1    $    98...

Q: Prepare an amortization schedule for a $96,000 loan to be repaid in equal installments at the end of...

A: Calculation of yearly payments = [P x R x (1+R)^N]/[(1+R)^N-1] P = Principal amount R = Rate of Inte...

Q: The Superior Print Limited is a printing firm and do provide other stationery services to its client...

A: 1. Horizontal Analysis - Horizontal Analysis is calculated by first calculating difference between b...

Q: Bathrooms and kitchens are typically the most important selling features of s home. Rouse Builders c...

A: Cost-volume-profit (CVP) analysis is a method of cost accounting that looks at the impact that varyi...

Q: The accounts receivable account in the general ledger has a balance of $11,280. The accounts receiva...

A: Accounts Receivable is the current assets of the company to whom the company has sold the goods and ...

Q: On January 1, Parson Freight Company issues 8.5%, 10-year bonds with a par value of $2,300,000. The ...

A: The bonds are issued at discount when market rate is higher than the coupon rate of bonds payable. 

Q: A project requires an investment of 7.20.000 and a scrap value of 20.000 after five years. It is exp...

A: Average Rate of Return Method :   In this method first average profits is computed then this amount ...

Q: John Doe, a 23-year young newly graduated engineer just got a job in a major engineering firm. Human...

A: As per Bartleby policy, only the first three interlink parts are answered. If you want any specific ...

Q: One item is omitted from each of the following computations of the return on investment: Rate of Ret...

A: Ratio Analysis is one of the various tools to analyze financial statements. Through Ratio Analysis p...

Q: Zachary Company has 600,000 shares of common stock outstanding. Perette Corporation purchases 168,00...

A: Formula: Perette own = Total purchases / Total outstanding shares

Q: plish Brothers publishes a monthly music magazine, DiscOver. Subscriptions to the magazine cost $20 ...

A: These are the accounting transactions that are having a monetary impact on the financial statement o...

Q: Are perishable and homogeneous properties alike? How the possibilities of usury should be observed i...

A: Introduction:- Making unethical or immoral monetary loans that unfairly advantage the lender is know...

Q: Jordan Company incurs annual fixed costs of $67,740. Variable costs for Jordan's product are $28.80 ...

A: Formula: Unit contribution margin = Sales price per unit - Variable cost per unit

Q: Morning Sky, Inc. (MSI), manufactures and sells computer games. The company has several product line...

A: Solution 1:   Computation of incremental profit from special order - MSI Particulars Amount Re...

Q: The Purchasing Agent in a firm would be most likely to be held responsible for which of the followin...

A: Variances analysis involves determining of deviations if any by comparing the actual results with th...

Q: 60,000, paya v paid shares anany A loir wמ ש

A: Joint venture definition:- Joint venture is one of the unique type of commercial partnership where t...

Q: A device that costs P50,000 at the start of the year loses 10% of its value each year. Find out how ...

A: The given question relates to the depreciation topic.

Q: What are the salient features and changes in the Government Accounting Manual? What problems or issu...

A: Government accounting manual shows and presents the guidelines and basic accounting policies and pro...

Q: On July 31, the end of the first month of operations, Rhys Company prepared the following income sta...

A: The variable costing income statement is prepared with assumption of fixed manufacturing costs as pe...

Q: On 1 July 2010 A Ltd entered into a leasing arrangement with B Ltd. The lease agreement included the...

A: Amount of depreciation = (Value of asset-Residual value)/Useful life of the asset

Q: Assume that skilled labor costs twice as much as unskilled labor, a profit-maximizing fırm will: O a...

A: labour cost is one of the variable cost that is incurred in the organisation so as to increase the p...

Q: a. What is the Sarbanes –Oxley Act? (SOX) b. What are the highlights of SOX c. What are the costs ...

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for...

Q: #items Şunit cost $unit retail $total cost $total MU% retail Style 1 Style 2 Style 3 10 $66 45% 15 $...

A: Retail price is the one at which the customers purchase the product from the retail market. This is ...

Q: Gunes Corporation uses the weighted-average method in its process costing system. This month, the be...

A: As per the weighted average method, equivalent units are calculated based on two aspects:  units tra...

Q: On November 1, Alan Company signed a 120-day, 11% note payable, with a face value of $14,400. What i...

A: The question is related to maturity value of of notes Payables issued on November 1st for 120 days t...

Q: Don Johnson is the management accountant for Cari-Blocks (CB), which manufactures specialty blocks. ...

A: Variances shows the difference between the actual usage and the budgeted usage pre determined by the...

Q: Buring 2021, Cavite Coffee had profit of P8,200,000. Included on its income statement was depreciati...

A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the...

Q: The fixed costs incurred by a automotive shop are $200,000 per year. Variable costs are 60% of the a...

A: Variable cost = 60% of annual revenue = $300,000 x 60% = $180,000

Q: A company purchased a weaving machine for $206,520. The machine has a useful life of 8 years and a r...

A: Under Units of Production Method of Depreciation, Depreciation is recognized on the basis of Units p...

Q: The following financial information is available for Blossom Ltd. as at December 31 (in thousands, e...

A: EPS = Net income / Number of shares outstanding Price earning ratio = Market price per share / EPS P...

Q: Harriette is a salesperson who works for a prestigious and admired Fortune 500 company. About how of...

A: Following is the correct answer.