w to determine what depreciation should be used

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A: Medical insurance is a kind of insurance plan/scheme which offers the insured, financial security or...

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A: Solution Retained earning are the amount of profit of a company has left over after paying all its d...

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A: Cash flow statement provided information about the cash inflows and cash outflows of the company.Cas...

Q: Tripeaks Company used the accrual basis of accounting: December 31 January 1 8,000,000 100,000 7,500...

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Q: When shares without par value are sold, the proceeds shall be credited to

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Q: company is being offered a special coating for the gasoline underground tank in installing in its se...

A: Solution Given   Without special coating With special coating Life 10 years 15 years...

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A: The ratio analysis helps to analyze the financial statements of the business. The working capital is...

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A: As per our protocol we provide solution to the one question only but as you have asked two multiple ...

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A: Share dividend does not include any cash outflow it is only a capitalization of retained earnings, t...

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A: Solution: Cost of goods sold is the cost directly related to products sold during the period. Cost o...

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A: THE MULTI-STEP INCOME STATEMENT PROVIDES DETAILED REPORTING OF YOUR COMPANY'S REVENUES AND EXPENSES ...

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A: Cash = $57000 Building = $118000 Land = $199000 Liabilities = $124000

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A: Solution: Manufacturing overheads are indirect manufacturing cost of the company that is part of pro...

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A:

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A:

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A: Closing Journal Entry: Closing journal entries are passed at the end of the accounting period. In th...

Q: Share capital, P5 par 600,000 shares authorized, 200,000 shares issued and outstanding Share premium...

A: Solution Concept Reacquisition of share to be held as treasury does not affect the retained earnings...

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A: The statement of retained earnings is a financial statement that reflects changes in retained earnin...

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A: The cash flow statement is prepared to record the cash flow from various activities during the perio...

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A: When bond trades or the market price of the bond is below $1000 or par value it is called a discount...

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Q: From page 5-2 of the VLN, which of the following accounts are subtracted from sales to compute Net s...

A: The Final Answer is Option B - 2, 3 & 4 That is "Deferred Revenue, Sales Discounts and Sales ret...

Q: ll cash and

A: The transactions are given as,

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Q: Castillo Services paid K. Castillo, the sole shareholder of Castillo Services, $6,000 in dividends d...

A: Solution: Closing entries are prepared at the end of accounting period to close temporary accounts t...

Q: Carmelita Budoy, a dentist, established Budoy Clinic. The following transactions occurred during Jun...

A: 1. Journal entries for the month of June  2. Trial balance  

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Q: How does collection policy influence sales and the bad debt expenses

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A: The subsidiary company is the company acquired by the holding or parent company with purchase of mor...

Q: Accounting for Property Taxes Tyler County's general fund starts the fiscal year 2020 w $250,000 bal...

A: Property taxes in General Fund To record the property taxes in the general fund which can be incurre...

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A: Assets Assets are resources that are controlled which results from prior transactions that are expec...

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

Q: Inventory Costing Methods Crandall Distributors uses a perpetual inventory system and has the follo...

A: Under specific identification method, inventories that are specifically identified will be sold out ...

Q: Assume Rajan Manufacturing Ltd makes sports vest for local soccer, baseball, basketball, and other s...

A: