QUESTION First five!Question 1.1.The partnership of ABC is made up of partner A, partner B, and partner C. The partnership allocates profits and losses in a ratio of 3:2:5, respectively, to partners A, B, and C. The partnership reported a net loss of $20,000 in the previous year. How will this loss affect Partner Bâs […]
QUESTION Fargus Corporation owned 51% of the voting common stock of Manatee, Inc. The parent’s interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the purchase price.On January 1, 2005, Manatee sold $1,400,000 in ten-year bonds to the public […]
QUESTION Here it is! Thanks!he total amount of employee compensation before deductions are taken out is referred to as_______. (Points : 1) gross pay net pay compensation after withholdings take-home payQuestion 2.2.Unearned subscription revenue appears on the balance sheet as a_______. (Points : 1) long-term asset long-term investment current asset or long-term investment current liability […]
QUESTION The accounting profession has been impacted by several corporate scandals in recent years. Discuss the importance of the role of Ethics in accounting by examining firms such as Enron®, World Com® and JP Morgan®. 100 or more words ANSWER: REQUEST HELP FROM A TUTOR
QUESTION Question 1.1.Artistic Metals sold some yard art for $50.00 and collected 6% sales tax. Which journal entry reflects this sale? Ignore inventory and cost of goods sold for this question. (Points : 20) Cash53.00 Sales Revenue53.00 Cash53.00 Sales Revenue50.00 Sales Tax Payable3.00 Cash53.00 Sales Revenue50.00 Sales Tax Expense3.00 Cash50.00 Sales Tax Expense3.00 Sales Revenue53.00Question […]
QUESTION CBO-iShares 1-5 year Laddered Corporate Bond Index ETF- and XIU-iShares S&P/TSX 60 Index ETF- are two iShares ETFs tracking and Canadian bond market and Canadian equity market, respectively. Thus, they are popularly used by Canadian investors as proxies for Canadian bond and equity markets. You can find out the historical closing prices of CBO […]
QUESTION 1. Cash Budget Aragon and Associates has found from past experience that 25% of its services are for cash. The remaining 75% are on credit. An aging schedule for accounts receivable reveals the following pattern: a. Ten percent of fees on credit are paid in the month that service is rendered. b. Sixty percent […]
QUESTION 1) To protect against lawsuits brought by anyone injured by your product, you will need to buy ________. A) casualty insurance B) business insurance C) liability insurance 2) Which is not a potential penalty for breaking a contract? A) A court may order you to pay damages to the other party who signed the […]
QUESTION IMC has a normal plant capacity of 37,500 parts per month. Because of an extra large quantity of inventory on hand, it expects to produce only 30,000 parts in May. Monthly fixed costs and expenses are $112,500 ($3 per unit at normal plant capacity) and variable costs and expenses are $8.25 per part. The […]
QUESTION 1. Organisms that feed only on plants are called Detritivores Omnivores Carnivores Herbivores Decomposers 2. Which of the following is NOT an example of an indicator species? trout in water with a specifric temperature requirement birds that need a large forested area butterflies that use a specific plant as food frogs that take in […]
