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  • Q : Amount of the contribution....
    Accounting Basics :

    Question: What amount of the contribution is deductible? In what year is it deductible? Note: Be sure to show how you arrived at your answer.

  • Q : Determine internal control methos....
    Accounting Basics :

    For the Revenue, Expenditure, and Human Resources / Payroll cycles, identify at least three specific ways (tools) that information technology can be used to improve each of these processes, and iden

  • Q : Order processing overhead....
    Accounting Basics :

    How much of the order processing overhead should be allocated to comforters?

  • Q : Determining the raw material inventory....
    Accounting Basics :

    At December 31, 2014, Indigo Girls Company has outstanding noncancelable purchase commitments for 40,150 gallons, at $3.15 per gallon, of raw material to be used in its manufacturing process. The co

  • Q : Estimate the stand-alone selling price....
    Accounting Basics :

    Estimate the stand-alone selling price of the software using the expected cost plus margin approach.

  • Q : Expected transaction price with variable consideration....
    Accounting Basics :

    Question: What is the expected transaction price with variable consideration estimated as the expected value?

  • Q : Record for the asset received....
    Accounting Basics :

    What amount should Armstrong Co. record for the asset received?

  • Q : Describing the results of research....
    Accounting Basics :

    Question: Prepare a memo for your firm's client files describing the results of your research. Note: Show supporting computations in good form.

  • Q : Non-controlling interest share....
    Accounting Basics :

    Question: What is the non-controlling interest's share of Devin's net income for 2010?

  • Q : Minimum that partner morse creditors....
    Accounting Basics :

    Question: What is the minimum that partner Morse's creditors would receive if they have filed a claim for $50,000?

  • Q : Compute the current selling price....
    Accounting Basics :

    Question 1: Compute the current selling price of part no. 67. Question 2: If management desired to meet the prevailing market price and maintain the current rate of profit on sales, what must happen

  • Q : Standard cost summary and making journal entires....
    Accounting Basics :

    Question 1: Prepare a standard cost summary showing the standard unit cost. Question 2: Make journal entries to charge materials and labor to work in process.

  • Q : Required sales in dollars for the company....
    Accounting Basics :

    Question: The company has a target net income of $200,000. What is the required sales in dollars for the company to meet its target? Note: Please show the work not just the answer.

  • Q : Number of units that santorini....
    Accounting Basics :

    Question 1: Determine the number of units that Santorini must produce in June and July. Note: Please show the work not just the answer.

  • Q : Calculate the employer payroll taxes....
    Accounting Basics :

    Question 1: Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%. Question 2: Journalize the entry to record the accrual of payrol

  • Q : Entry to record the issuance of the note....
    Accounting Basics :

    Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank.

  • Q : Incremental analysis schedule....
    Accounting Basics :

    Question: Prepare an incremental analysis schedule to demonstrate if Flop should accept Floozy's offer. Note: Please provide through step by step calculations

  • Q : Breakeven point in sales dollars....
    Accounting Basics :

    Question 1: What is the breakeven point in sales dollars and in units if the fixed factory overhead increased by $1,700? Question 2: What is the breakeven point in sales dollars and in units if costs

  • Q : Prepare an incremental analysis schedule....
    Accounting Basics :

    Question: Prepare an incremental analysis schedule to demonstrate by what amount would operating income be increased or decreased as a result of accepting the special order.

  • Q : Additional funds needed....
    Accounting Basics :

    What would be the additional funds needed?

  • Q : Prepare an accrual-basis income statement....
    Accounting Basics :

    Question 1: Prepare an accrual-basis income statement for the 6 months ended April 30, 2014. Question 2: Prepare the April 30, 2014, classified balance sheet.

  • Q : Company record as an end-of-period adjustment....
    Accounting Basics :

    Question: What amount of Bad Debt Expense would the company record as an end-of-period adjustment? Note: Please provide through step by step calculations.

  • Q : Depreciable base of the asset....
    Accounting Basics :

    Question 1: What is the depreciable base of the asset at the end of 2nd year? Question 2: Prepare the journal entry (if any) to record the impairment at December 31, 2014.

  • Q : Lifo inventory method....
    Accounting Basics :

    Assuming no change in the price level if the LIFO inventory method were used in conjunction with the data, the ending inventory at cost would be?

  • Q : Expense warranty treatment....
    Accounting Basics :

    Question: Under the expense warranty treatment, (accrual method) what is the balance under current liabilities in the 2004 balance sheet?

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