he entry to recognize the distribution of welfare goods to intended recipients would include a debit to: Group of answer choices Distribution costs Cost of Sales Welfare goods expenses Welfare goods for distribution

Q: Discuss the residual  value of the leased asset. How does it impact the PV of rental  payments compu...

A: Residual value is the estimated fair value of the leased asset at the end of the lease, and can be e...

Q: The National Inc. will produce 5,000 boxes of chocolates next year. Variable costs is 60% of sales, ...

A: The question is related to Marginal Costing. The details are given as under Fixed Cost = P160000 Man...

Q: The capital structure of Bulldogs Inc. is comprised of 50% ordinary stock, 25% preferred stock, and ...

A: Formula: Weighted Average Cost of Capital = (Cost of Ordinary Stock X Weightage of Ordinary Stock) +...

Q: How may the capital deficiency of an insolvent partner can be eliminated?

A: Partner is the one who is working and has invested money into the partnership or the one who has bee...

Q: Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2020, Susan...

A: A tax credit is a monetary amount that taxpayers can deduct straight from their tax returns. Unlike ...

Q: New Scotland Co. reported a total comprehensive income of $2,275,000. Cash from operations:

A: Comprehensive Income means income from continued as well as discontinued operations . It also includ...

Q: Thomson Company makes small metal containers. The company began December with 250 containers in proc...

A: Equivalent units for conversion costs (weighted average method) = No. of units Completed + (Ending w...

Q: Question 3 The following are examples of operating cash flows, EXCEPT: O Lease payments O Licensing ...

A: Cash flow statement is the summary showing the cash receipts and payments in relation to financing, ...

Q: A company acquired a building, paying a portion of the purchase price in cash and issuing a mortgage...

A: Cash flow statement only includes the cash inflows and outflows. 

Q: XYZ company expects the following in the next month: sales volume 50,000 units, contribution margin ...

A: Degree of operating leverage (DOL): DOL reflects the variable and fixed cost relationship of an orga...

Q: Green Forever, a manufacturer of lawn equipment, has preliminary drawings for two grass trimmer desi...

A: Revenue Recycling: Revenue recycling implies that the income from the naturally related charge is co...

Q: In the preparation of a statement of cash flows, adjustments to net income to reconcile net income t...

A: 1. Dividend received are normally treated as operating activity, therefore the same shall not be adj...

Q: Detailed estimates increases cost of estimate as a percentage of project cost Select one: True O Fal...

A: Detailed estimation include the cost of all the items of work. It includes the price, cost, quantiti...

Q: 1 Rahat is a trader. The following transactions took place in March 2021. March 3 Cash sales, $580, ...

A: Three columnar Cash book is the ledger inclusive of three column discount, cash and bank. It has the...

Q: The following employees of CIBA Ironworks in Bristol, Ilinois, are paid in different frequencies. So...

A: The Net pay is calculated by reducing the amount of gross pay by all the deductions allowable. The d...

Q: Find Inventory Turnover Ratio and Velocity if scales is ₹ 20.00 lakhs, opening stock is ₹ 3.00 lakhs...

A: The inventory turnover ratio indicates the capacity to turn the goods sold. IT can be calculated by ...

Q: Don Johnson is the management accountant for Cari-Blocks (CB), which manufactures  specialty blocks....

A: The process used by a business entity in order to record the standard production cost and the varian...

Q: 1 The company's bank statement shows a cash balance of $12,000. Comparing the company's cash records...

A: Pretax income is the excess of sales over cost of goods sold and all operating and non-operating exp...

Q: Prepare a balance sheet using the following information for the Ginger Company as of March 31,2019.

A: Balance Sheet   Current Assets   Cash 11050 Inventory 8230     Non current Assets   Equi...

Q: Gale, McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows: Gal...

A: The first step in accounting is a journal entry, which is used to record a business transaction in a...

Q: Match each phrase with its definition. 1. Seller's description of a cash discount granted to buyers ...

A: Discount is the amount of deduction or allowance that is being given to the buyer for purchasing mor...

Q: 3.The following data relates to Available for Sale Securities: Please Journalize all the entries re...

A: A journal entry is a form of accounting entry that is used to report a business transaction in a com...

Q: hich of the following would be reported in the either the operating, investing or financing sections...

A: The correct answer with proper explanation are as follows

Q: How should significant noncash transactions be reported in the statement of cash flows? They shoul...

A: Solution Noncash transactions commonly recognized in financial statements such as income statement, ...

Q: The company uses a perpetual inventory system and has a highly labour-intensive production process, ...

A: Predetermined manufacturing overhead rate = Total estimated factory overhead / Total estimated direc...

Q: 5.. Wildhorse Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it t...

A: Lessee is the person to whom the asset has been granted to be used up to a certain lease period on t...

Q: An equity analyst, has determined that the appropriate ratio of Enterprise Value to EBITDA (EV/EBITD...

A: Enterprise value is a valuation of a company based on market value and not the book value.  The mark...

Q: your given the following information about a home loan: loan amount 300000 number of years 25 years ...

A: The internal rate of return in banking industry is the rate of return at which the present values of...

Q: Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net...

A: Solution...   Segmented Margin  AFE division = $15,700  GBI division = $175,400  Net income = $42,00...

Q: On September 8, 2020, Holly purchased a residential apartment building. The cost basis assigned to t...

A: Depreciation: The word "depreciation" refers to an accounting procedure that is used to spread the c...

Q: Condtruct the Journal Entry of the accounting equation: Ruiz established R Barbers on February 1 of...

A: The journal entries are prepared to keep the record of day to day transactions of the business. 

Q: If the branch receives credit memo from the home office, the branch shall record it in its separate ...

A: Branch accounting is defined as an a accounting system in which separate accounts are kept for each ...

Q: ulldogs Inc. has Dog bonds outstanding with P1,500 face value and 8 years is remaining before its ma...

A: Formula: Approximate yield to call = Coupon payment + [(Face value – Call Price)/ Number of years to...

Q: Record each of the following transactions for the Toyota Corporation in general journal form. Assum...

A: Journal Entries- Journal entries refers to the official book of a company which is used to record th...

Q: A gift store reported the following records for its operation during the month of February. ...

A:

Q: d Co. manufactures two types of O rings, large and small. Both rings use the same material but requi...

A: In this question, we have to calculate different variances.

Q: determine the net income

A: To determine the Net income of the business. We have to prepare Income Statements to determine the n...

Q: What procedures must the auditor perform when gathering evidence related to contingencies? (Several ...

A: the liability that possibility arises because of happening of the future event such a liability is t...

Q: D Question 2 What do the findings of the World Economic Forum study show? O Reducing gender inequali...

A: Question 2 Ans. Reducing gender inequality enhances economic growth Explanation : World economic for...

Q: What procedures must the auditor perform when gathering evidence related to contingencies? (Several ...

A: Auditor should perform following procedures while gathering evidence related to contigencies:- Revi...

Q: Give its worksheet, balance sheet, income statement

A: Financial statement means the statement including income statement , balance sheet , cash flow state...

Q: Assume that Treasury Stock transactions are recorded using the cost method. Retained earnings has a...

A:

Q: National Co. transfers a product from division AB to division CD. Variable cost of this product is a...

A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed wh...

Q: A manufacturing company applies factory overhead based on direct labor hours. At the beginning of th...

A: Applied overhead = Actual hours x overhead rate Where,  Overhead rate = estimated factory overhead c...

Q: All Things Brass produces brass handles for the furniture industry in a four-stage process -Mixing, ...

A: Note: "Since you have posted a question with multiple sub-parts, we will solve first three subparts ...

Q: A home office ships merchandise to the branch at 30% above cost.  The allowance for overvaluation at...

A: Head office means from where the company mainly operate and all branches are controlled from that po...

Q: Noel Stewart has estimated that the total fixed costs for his department are £10,000.He also estimat...

A: Fixed costs: Fixed costs means a cost that is not dependent on the level of production of goods or s...

Q: Wildhorse Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it to Cha...

A: calculation of lease receivable , sales price and cost price are as follows

Q: AB Company produces two Products: A and B. Product A has a contribution margin of $30 per unit. Prod...

A: Desired level of contribution = Fixed cost + Target operating income                               ...

Q: Given: 20,000 shares cumulative preferred stock ($3.5 dividend per share): 40,000 shares common stoc...

A: A shareholder is a person who owns stock in a corporation. Stockholders possess a portion of the cor...