Q: When convertible preference shares are converted into ordinary shares, the excess of the original is A: Here given that preference shares are issued as convertible preference shares so they can be convert A: The question is based on the concept of Financial Accounting.
A: Treasury stock are the shares that are reacquired by the who issued them. These are not entitled to Kindly explain what this phrase means A: When a company incorporates social and environmental concerns into its operations, it is said to be A: Share issue The purpose of issue of shares to raise the capital fund which are needed for the compan Q: January 15 - It issued 1, treasury shares for P40 each.
Q: How can an accounting information system provide management with information for better decision-mak A: Accounting Information System: Accountants, consultants, business analysts, managers, chief financia Q: On January 1, , Pfizer Corp. The fa A: There are 2 methods to deal with the share issue cost. Share issue cost are debited to share ca A: In accounting liabilities are sum you owe to someone else.
So ban Q: SB Corp. A: Goodwill means the reputation of the company due to any factor like location , product , price , aft Q: A circular garden has a diameter of 10 feet.
Approximately how much edging trim is needed to surroun Wooten Co. Subscriptions are collecte A: Accrual system of accounting says that every thing which is accrued has to be provided in books of a A: The relevant costs are the costs that are effected with the decision taken. Q: The following are the transactions of A. A: Accounting states the recording, analysing, summarising and communicating the financial transactions Q: The Share Premium in excess of par account normally arises in the accounting records when the stat Q: On January 1, , Mona, Inc.
A: In the case of group enterprises, the consolidated balance sheet is a crucial financial statement. Q: What is the carrying amount of the bonds payable on December 31, ?
A: Ans for Part 1 Carrying amount of the bonds on maturity is the option a 4,, A: Goodwill refers to the form of an intangible asset that reflects the overall reputation of the compa Compute the owner's equity for Norman Gonzales on Dec.
A: The ending balance of owners' equity can be calculated by adding up additional investment and net in A: Advance Revenue: As the term implies, 'income received in advance' refers to earn revenue that will Q: Which of the following are considered to be benefits of activity-based costing ABC?
More accur A: ABC activity-based costing is a production costing method. It breaks overhead costs into differen Q: At the date of the financial statements, ordinary shares issued would exceed ordinary shares outstan A: Shares that are included in the issued shares but not in the outstanding shares are Treasury shares Calculation of Va Q: In its year-end financial statements, Pillar Inc. In addition, changes per year for 5 years and an extended A: Revenue means the amount earned by selling the goods or services.
Revenue is recognized in books of The book has no examples on how to make these journal Q: Identify the errors in the following trial balance. All accounts have normal balances. Mascot Co. A: A trial balance is a schedule in which total of debit column is always equals to credit. If there is Q: Distinguish between common-law liability and statutory liability for auditors.
What is the basis for A: Direct method: This method uses the basis of cash for preparing the cash flows statement. In this Q: On a balance sheet, what valuation must be reported for short-term debt investments in trading secur A: Short term debt investments are those debt funds or mutual funds that are obtained for a short perio Q: Give examples of substantive proceduresin the finance and investment cycleand relate them to asserti Pitts Company has experiencedsignificant financia During themonth, Q: Compilation and Review Procedures.
The following numbered items 1—10 state proceduresaccountants sho A: Attestation Engagement: An association between the client and the certified public accountant where A: Intangible assets are those assets which do not have physical substance and which we can not see or Q: For each ratio listed, identify whether the change in ratio value from the prior year to the current A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and me Q: Warner Co.
Year 1 Apr. A: Notes Payable also known as Promissory Note is a liability account of a company. A liability is crea Q: Assume you work as an accountant in the merchandising division of a large public company thatmakes a Please resubmit the question Q: In an environment that is highly automated, an auditor determines that it is not possible toreduce d Q: A: Company capital structure consist of different types of finance.
One is equity and other is debt. Q: Which of the following is likely not a type of not-for-profit entity? A: Two types of business are: 1 For Profit 2 For not for profit. Q: Use the following information to determine cash flows from operating activities using the indirect m A: Definition: Statement of cash flows: This statement reports all the cash transactions which are resp Q: Classify the following cash flows as either operating O , investing I , or financing F activitie A: Cash flow from operating activities calculates the inflow and outflow of cash from day-to-day activi Q: Chavez Co.
Chavez estimated and must expens A: Accrual basis: Under accrual basis accounting, revenue and expenses are recognized when they are inc Q: Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dom A: Predetermined Overhead Rate: Predetermined overhead rate is a measure used to allocate the estimated Study Resources. Log In. Transcribed Image Text. Want to see the step-by-step answer? Want to see this answer and more?
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