Which of the following pairs increase with credit entries?A. supplies and retained earningsB. rent expense and unearned revenueC. prepaid rent and common stockD. unearned service revenue and accounts payable

Q: ABC Company reported in its 2019 current tax expense at P 5,530,000. The following changes in ABC as...

A: Decrease in Deferred Tax Asset = P500000 - P200000 = P300000 Decrease in Deferred Tax Liability = P6...

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Q: A note payable can be used to extend the payment due on an account payable. O True O False

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Q: Which of the following is most likely not a trade transaction for income tax purposes?

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Q: how do compensation plans, including bonus structures, drive behavior?

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Q: On January 1, 2019, Ute Company acquired 70 percent of Cougar Company's common shares at the underly...

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Q: Which of the following is NOT an advantage of using sensitivity analysis?

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A: Short term notes payable is a current liability. It is an obligation to pay a specified sum plus int...

Q: The depreciation cost is included in the cash flow analysis since it is a book cost Select one: True...

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A:

Q: ABC Company reported in its 2019 current tax expense at P 5,530,000. The following changes in ABC as...

A: The Total Incone tax expense will be P5,650,000.

Q: Income Before Income Tax 2.00% Tax Expense (50%) Net Income 1.00% 1.00% Additional Information for t...

A:

Q: At August 1 of the current year, there are 4,000 units at P15 each of merchandise inventory.  During...

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A:

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A: Indirect costs are those costs and expenses which are not directly related with production or sale o...

Q: A lawsuit is an example of a contingent liability for the defendant. O True O False

A: Contingent Liabilities are the liabilities the outcome of which is unknown.

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is