Why would an investigator interview the prime suspect last in the interview proces

Q: Bonds with a face value of $600,000 and a quoted price of 98.5 have a selling price of $588,030…

A: Lets understand the basics. For calculating selling price of bond, we need to use below formula.…

Q: and B formed a partnership on January 1, 2022. A contributed cash of P480,000 and B contributed land…

A: Solution: When any asset is contributed by any partner in partnership, then it is recorded at fair…

Q: Barnes Companyreports the following operating results for the month of August: sales $315,000 (units…

A: The contribution margin is calculated as difference between sales and variable costs. The net income…

Q: Kellman Company   Year 2 Year 1 Total current assets $613,600 $582,200 Total investments 68,300…

A: Lets understand the basics. Return on total asset indicates how efficiently company is using its…

Q: The GMA corporation shows the folowing data related to an item of Inventory Inventory, January 1 100…

A: Total cost of goods available = (100 x P50) + (300 x P54) + (90 x P60) = P26,600

Q: izio Company purchases a machine for $13,400, terms 1/10, n/60, FOB shipping point. Rizio paid…

A: In Accounting, the total cost concept is more applicable to financial reporting since overhead…

Q: Winsor Clothing Store had a balance in the Accounts Receivable account of $760,000 at the beginning…

A: Solution:- Given, Winsor Clothing Store had a balance in the Accounts Receivable account at…

Q: company received the following profitability analysis of its services: Auto Insurance $10.000.000…

A: Profitability: It implies to the ability of a business to utilize it's resources in such a manner so…

Q: What is the difference between the Cumberland Gap and GAAP?

A: Answer:-  Difference meaning:- Difference is an important notion in philosophy, referring to the…

Q: ABC Company operates a number of branches. On December 31, 2022, its Mindanao branch showed a Home…

A: The investment account is the account that shows the amount of the investment-related to a…

Q: he management of luke skywalker Corporation estimates overhead based on the number of direct labor…

A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated base…

Q: Orr Company prepared an aging of accounts receivable on December 31, 20XX and determined that the…

A: Net realizable value of the accounts receivable = Ending accounts receivable - Ending Allowance for…

Q: What amount will be recorded in the settlement discount received column of the cash payments journal…

A: Settlement Discount A settlement discount is where a business offers another business a discount…

Q: The following transactions of Africa Traders (not registered as a VAT vendor) only appeared in the…

A: Cash payment journal means the books that record all the transaction where the payment is made…

Q: Nina, Ricci and Ralph are partners with capital balances of P 90,000, P 50,000 and P 60,000…

A: The excess cash paid by new partner at time of investment as compared to his capital balance, is…

Q: An analysis of a particular cost incurred in a factory revealed that the cost is averages ₱0.40 per…

A: Machine overhead cost = machine hours * overhead cost per machine hour

Q: Chanel's interest in the partnership is P 110,000.  Chloe buys Chanel's interest  for P 120,000.…

A: Solution: As Chloe buys Chanel's interest, Chanel's capital in partnership will transferred to Chloe…

Q: the current year, SprayCo reacquired 17,800 shares of n November 13, 4,300 of the reacquired shares…

A: Solution: When company acquired it own common stock, it may used cost method or retirement method of…

Q: Assume the following production data taken from the records of CONEY Manufacturing Co: Transferred…

A: Equivalent units means number of units that is taken as completed for the calculation of cost per…

Q: Fogel Company expects to produce and sell 116,000 units for the period. The company's flexible…

A: The flexible budget is prepared on the basis of standard rates and actual production data. The…

Q: A company has two different products that sell to separate markets. Financial data are as follows:…

A: Fixed cost remains constant even though  the product B is dropped.

Q: What is the maximum term of the measurement period?

A: Given If the initial accounting for a business combination is incomplete by the end of the reporting…

Q: An investment worth P203,000,000 is made from a certain transaction of a supposed philanthropist.…

A: As per our protocol and guidelines we provide solution to the one question or if in case of…

Q: AAA Inc. acquired on January 1, 2016 all the issued and outstanding common shares of BBB Inc. for…

A:

Q: How shall an acquirer in a business combination account for the changes in fair value contingent…

A: The acquirer shall account for changes in the fair value of contingent consideration that are not…

Q: Saved Income statements and balance sheets data for Virtual Gaming Systems are provided below.…

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: A company purchased a piece of equipment by paying $5,000 cash. A shipping cost of $400 to get the…

A: As per IAS 16 Property,plant and Equipment  The cost of Property,plant and Equipment includes  its…

Q: A and B formed a partnership on January 1, 2022. A contributed cash of P480,000 and B contributed…

A: For partnership, the balance sheets are usually prepared with the cash and cash equivalents at the…

Q: Blue Wave Company budgets the following unit sales for the next four months: September, 3,500 units:…

A: Production budget is prepared after the sales budget as expected sale units are required to prepare…

Q: Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year,…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: (a) Net income for the year was $30,000.           (b) Dividends of $10,000 were declared and paid.…

A: Statement of cash flows is used to show the cash movement in the company. Each cash flow is…

Q: How is the Non-Controlling Interest displayed in a consolidated balance sheet? A. As a separate…

A: Introduction:- Non-controlling interest is also known as a minority interest. Shareholders holds…

Q: If the depreciation tax shield is 40,000 due to tax rate declaration of 20%, what is the price of…

A: There are benefits of depreciation due to tax because they increase the expenses and decrease the…

Q: Company A calculates the cost per unit of its product at $ 28 (with $ 18 variable cost & $ 10 fixed…

A: Increase (decrease) in net profit = (Selling price per unit - relevant cost per unit) x No. of units…

Q: Pure Self-Employment Mr. Adolfo, owner of Azi Sports Shop, has opted to be taxed at the 8% income…

A: Income tax: Income tax is the tax charged by the government on the income earned by the citizens.…

Q: Z Corp. incurred the following costs in 2001 (its first year of operations) based on production of…

A: The income statement card can be prepared using various methods as variable costing and absorption…

Q: Assume that Legoland needs to depreciate one of its Roller Coasters. The Roller Coaster was bought…

A: Impairment of assets means reducing the book value  of assets when carrying amount is more than…

Q: Branch Book Dr. Cr. Cash 400,000 Home office | 400,000 Equipment 180,000 Home Office 180,000…

A: Profit refers to the net revenue earned by a business from its operations. This amount is determined…

Q: O'Shaughnessy Inc. sells a product for $90 per unit. The variable cost is $65 per unit, while fixed…

A: Introduction: Break even point: The point where there is no profit nor loss to the units sold called…

Q: LG Co. has recently hired a new independent auditor, Jeff Clan, CPA, who says he wants "to get…

A: Change in the accounting estimates: A change which is occurred due to the new information or…

Q: A 50-y

A: The taxable total income of the individual taxpayer includes the income earned by the respective…

Q: Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash…

A: Preferred stock means the amount raised against which dividend is given to stock holder but after…

Q: Calvin and Klein are partners sharing profits 60% and 40%.  On January 1, they decided to admit…

A: The partnership comes into existence when two or more persons agree to do the business and share…

Q: Assume that Barb City acquires $2,000 of inventory on May 1, 2022, having held no inventory…

A: Inventory is a type of asset that is sold in company operations. Inventory may not be available for…

Q: ompany resident in Jamaica purchased the following assets in 2021: Asset Cost $ Honda Motor car…

A: The Capital allowance rate for Trinidad and Tobago in year 2022 is  Honda Motor: 30 % Heavy…

Q: 1. Whitman is the:

A: The taxable total income of the individual taxpayer includes the income earned by the respective…

Q: edit sales, counts receivable, Dec. 31, 2018 counts receivable, Dec. 31, 2019 er of days' sales in…

A: Accounts receivable:   Accounts receivable refers to the amount to be received within a short period…

Q: Marian Company uses the allowance method of accounting for bad debts. The following summary schedule…

A: Doubtful accounts expense for the current year = Estimated uncollectible accounts - Allowance for…

Q: The following info aiapUPAP SL UOI Started this month 80,000 units Beginning WIP (60% incomplete)…

A: The solution is given in the explanation area. Explanation:

Q: Dolce and Gabbana are partners with capital balances of P 160,000 and P 80,000.  They share profits…

A: Aggregate capital balance of Dolce and Gabbana = P 160,000 + P 80,000 Aggregate capital balance of…