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Q: On January 1, 2019, Heaven Company acquired 20% of the ordinary shares of an associate for…
A: GIVEN On January 1, 2019, Heaven Company acquired 20% of the ordinary shares of an associate for…
Q: In a market with a binding price ceiling, an increase in the ceiling will ______ the quantity…
A: Price ceiling is a method used by the government to regulate price of the product in the market. It…
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Q: hool level assuming that the last contribution and his graduation will be held at the end of
A: Amount saved = 500Php twice a month Interest rate (i) = 8%/24 = 0.33% Kyle's mom saves twice every…
Q: The Melbo Foundation is contemplating the purchase of new equipment, which may potentially increase…
A: Incremental tax payment is based on the incremental revenue being earned due to any change in the…
Q: A worker in a certain company has a daily rate of Php 547, he needs to finish the tasks for 18 days,…
A: Direct labor cost is a part of wages that could be directly assigned or identified to the product…
Q: Prepare an Income Statement of Company Alfex as at 31 Dec. 2020. a) Write off (in minus) of…
A: Income Statement- An income statement is a financial statement that shows a company's income and…
Q: On January 1, 2022, Christine Company acquired a trademark for P3,000,000. The trademark has eight…
A: Calculation of impairment loss shall be done by comparing the carrying value with the recoverable…
Q: 3. A component auditor, which is a different accounting firm, may audit a component or subsidiary of…
A: Since you have posted multiple questions, as per answering guidelines we shall be solving first…
Q: Ping Inc. granted a franchise to Tito Inc. to operate its registered business of barbershop. The…
A: GIVEN Ping Inc granted a franchise to Tito Inc to operate its registered business of barbershop.…
Q: The journal entries required at Dec 31, 2022 includes:
A: Petty cash fund is the fund which is set by the company in order to make the payments from it for…
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A: It is the budget prepared to estimate the materials needed to purchase to meet the production needs…
Q: The total of the partners' capital accounts was P770,000 before the recognition of partnership asset…
A: Revaluation of asset means to re-value the worth of the assets as per market price of the same.
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A: Given that, Cost of building = $1,500,000 Depreciation = $450,000 Depreciation rate = 2% per…
Q: Linda desires to purchase a one-fourth capital and profit and loss interest in the partnership of…
A: GIVEN Linda desires to purchase a one-fourth capital and profit and loss interest in the…
Q: Axis corporation has a balance of 300K on its retained earnings. During the year the company…
A: whenever company sale there is generation of profit. For generation of such profit their has to be…
Q: ases? or only in t
A: The explanation is given below ,
Q: On the December 31, 2020, the Statement of Financial Position of LOVE Partnership shows the…
A: Given information, Lina contribution = P 20,000,000 Lina capital interest = 50% Total value of firm…
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A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…
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A: Shareholder equity means the amount that belong to the owner of the company i.e. share holder.…
Q: Required: - Worksheet 10 column
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A: The percentage stake that a partner holds in partnership assets is referred to as partnership…
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A: A financial instrument is any contract that have either financial assets of an entity or financial…
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A: Journal Entries are prepared to record transaction in the books of account. Generally Accepted…
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A: CSR refers to corporate social responsibility. It is a self rules and legislation implemented by the…
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A: The Statement of Comprehensive Income - The statement of comprehensive income is the profit earned…
Q: Which of the following credits shall be settled first by the corporate liquidator in the winding up…
A: Liquidation means where the business of firm is closed down , assets are sold out and liabilities…
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A: Contribution Margin Income Statement if Selling Price Increase by P 1.50 per unit, Fixed Expenses…
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A: Internal rate of return The Internal Rate of Return (IRR) is the discount rate that makes the NPV of…
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A: Partnership means a group of persons who come together with a purpose to control and manage the…
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Q: ONSIDERED AS DESKTOP P . TRUE FALSE
A: DOT Matrix Printer Desktop Printer
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A: Data from the accounts of Ken Merchandising for the one month period ended 31st March, 2020 is given…
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A: Performance metrics: These include the data and figures that represent the efficiency, abilities,…
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A: We can use the concept of time value of money here. As per the concept of time value of money we…
Q: pense of $59,000 for 2024. The company provides the followim anse)
A: FICA Medicare taxes payable = $59000×1.45% =$855.50 =$856 rounded to nearest cent.
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A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
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Q: Problem 19-1 (ACP) current year: 5,000,000 1,600,000 600,000 Income before tax Income tax Loss from…
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A: Under the these stream transactions, unrealized loss on the transfer of non-current assets should…
Q: during the year, Marion Produce's receivable collection period increased from 11 to 21 days. the…
A: Solution: Increase in collection period shows poor performance of company in relation to collection…
Q: AAA Co. merged into BBB Corporation on July 1, 2013. In exchange tor the net assets at fair market…
A:
Q: 1. On 1 January 2019, Pitty Ltd purchased 30% of the shares in Annah Ltd for P700, 000. At this…
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The Federal/State governments play a dominant role in the provision of Health and Human services programs through programs such as Medicaid, with local governments providing none of these services.
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- The Merritt Committee Investigation looked into solutions for dealing with: unethical and undesirable behavior by insurance companies effectiveness of state taxation as opposed to insurance regulation states that do not have a state insurance commissioner system in place insurers that violate risk-based capital requirementsWhich of the following is not a criterion that must be met under FASB ASC 958-605-25-16 for contributed services? a. They are provided by persons possessing required skills. b. They are provided by licensed professionals. c. They create or enhance nonfinancial assets. d. They would typically have to be purchased if not provided by the donors/volunteers.Which of the following are most likely to be internal service fund activities? (multiple answers allowed, incorrect answers will reduce correct answers) Da workers compensation fund b. IT department at Mcneese O Gravity drainage district Od. Fleet and equipment services fund e. University bookstore f. Mallard golf course
- The objective of a government is to provide services to its citizens a. True b. FalseExplain the role of voters as one of the causes of inefficiencies underlying the publicchoiceThe primary objective of government or not for profit organizations like public schools, universities and hospitals are______________ a. None of the options b. Collecting tax from citizens c. Minimize the expenditure d. Maximise the revenue
- Christopher is reviewing financial reports for a nonprofit client, and he finds several transactions that do not seem to fit the restricted fund that he is reviewing. How does he determine if these transactions follow the restrictions on the fund? If they do not, how would you go about correcting the errors? Is there any further information that you can gain from the situation of incorrect transactions?since its inception, the PACOBhas been criticized by many parties. Summarize the prinicpal complaints that have been directed at the PCAOB. Do you believe this criticism is justified. What measures could the PCAOB take to improve its effectiveness and efficiency as a regulatory body?For which of the following reasons might the US federal government offer insurance coverage? (Select all that apply) Because the value of the potential losses is too great for the private insurance industry Because the losses are too correlated for the private insurance industry. Because the US government is trying to earn a profit over the private insurance industry None of the above are true
- Do you believe that self- regulation is more or less effective than governmental regulatory agencies? Why?Inadequacies can be linked to the public and private sectors' incapacity to govern effectively. TRUE FALSE.Which of the following statements is not correct about Medicaid? Multiple Choice The Social Security Act created Medicaid in 1965. Medicaid is a program of medical assistance to certain low-income individuals and families. Medicaid is administered by each state within certain federal guidelines. Medicaid is financed by both state and federal funds. Medicaid is provided to wealthy individuals.
