• Q : Determine the stockholders equity....
    Accounting Basics :

    The Assets of a corporation that has the Liabilities of $450,000, Common Stock of $ 200,00 and Retained Earning of $185,000.What is the Stockholders Equity?

  • Q : What is the total manufacturing cost for job....
    Accounting Basics :

    Viking Company manufactures customized desks. The following pertains to Job No. 935:What is the total manufacturing cost for Job No. 935?

  • Q : Find the retained earnings....
    Accounting Basics :

    Find the retained earnings and the net income given this information at the end of the year. Accounts Receivablev$23,000, Accounts Payablev$15,000 , Cash $8,000, Common Stock $110,000, Supplies $9,0

  • Q : Is the direct negative information contingent....
    Accounting Basics :

    Can a writer include direct examples of in an upfront manner of why a person should expect the negative news being presented? Is the direct negative information contingent on audience and purpose in

  • Q : How to find the missing amount....
    Accounting Basics :

    Find the missing amount if the Beginning Asset.Beginning asset is unknown, Beginning Liability is $8,900. Ending Asset is $40,000 and Ending Liability is $19,000. During the year, Sales Revenue is $

  • Q : How much is total manufacturing costs incurred....
    Accounting Basics :

    During 2014, Sandor purchased $1,440,000 of raw materials, incurred direct labor costs of $300,000, and incurred manufacturing overhead totaling $184,000.

  • Q : What could account for this change....
    Accounting Basics :

    You increased rates by 10 percent across all services and profits decreased by 5 percent. Cost per unit remained constant. What could account for this change?

  • Q : How to find the missing data....
    Accounting Basics :

    Find missing data beginning assets $28,00 and beginning liabilities 16,800 . Ending assets 30,000 and ending liabilities 17,300. During the year, SalesRevenue is? Expenses are 8,500 and Dividends

  • Q : Are the revenues and expenses in a governmental units....
    Accounting Basics :

    Are the revenues and expenses in a governmental unit's general fund accounted for in the same manner as a for-profit company? Please explain.

  • Q : What is the net or loss....
    Accounting Basics :

    The beginning balance Iif retained earnings is 30,000 and the ending balance if retained earnings is 38,000 . If dividends from the stockholders equity exceeds new capital contributions during the

  • Q : What should lennox record....
    Accounting Basics :

    Corporation purchased a new delivery truck for 35,000. The sales taxes are $2,700. The logo is painted on the side of the truck for $800. The truck's annual license is $200. Annual insurance on the

  • Q : What is the stockholders equity....
    Accounting Basics :

    My corp has liabilities of 450,000, common stock of 200,00, and retained earnings of 185,000. What is the stockholders Equity ?

  • Q : Why the employees must meet an additional requirments....
    Accounting Basics :

    In order to take home office deduction, there are various requirements that must be met. Why are they and why do you feel that they are in place? Employees must meet an additional requirments what i

  • Q : Prepare comparative statements of shareholders....
    Accounting Basics :

    Listed below are the transactions that affected the shareholders' equity of Branch-Rickie coporation during the period 2013-2015. At Dec 31, 2012, the corporation's accounts included.

  • Q : Calculate the breakeven point in units and in sales euros....
    Accounting Basics :

    Based in Italy, Datura, Ltd., is an international importer-exporter of pottery with distribution centers in the United States, Europe, and Australia.

  • Q : What is the journal entry to record the sale....
    Accounting Basics :

    On Spetember 1, 2013, the company loaned $60,000 to an outside party. The loan was at 10 percent per annum and was due in six months; interest is payable at maturity.What is the journal entry?

  • Q : Prepare a budgetary comparison schedule for the general fund....
    Accounting Basics :

    Assume a beginning Fund Balance of $350,000. Prepare a budgetary comparison schedule for the General Fund. Include encumbrances with expenditures. Use Illustration 3-8 as an example.

  • Q : Prepare budgetary entries using general ledger control....
    Accounting Basics :

    Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated situations:

  • Q : The acquisition of advanced intelligence-gathering materials....
    Accounting Basics :

    (Journal entries-emphasis on budgetary entries and statement) The Central Think Tank (CTT) receives a separate appropriation from Congress for the acquisition of advanced intelligence-gathering mate

  • Q : What is the true weight of the body....
    Accounting Basics :

    Body of weigh 6 grams, if placed on one pan and 24 grams when placed on the other pan of a defective beam balance according to the reading shown on the instrument.

  • Q : Which option would you recommend that brent exercise....
    Accounting Basics :

    Julia Baker died, leaving to her husband Brent an insurance policy contract that provides that the beneficiary (Brent) can choose any one of the following four options

  • Q : Advantages of issuing preferred stock....
    Accounting Basics :

    Beacon Inc. has decided to expand its operations to owning and operating long term health care facilities. The following is an excerpt from a conversation between the chief executive officer, Frank

  • Q : Discuss how you think the lack of controls....
    Accounting Basics :

    Do some research and find an article that discusses the lack of proper internal controls. Discuss how you think the lack of controls will affect the business in the long run and how this could have

  • Q : Calculate the amount of depreciation....
    Accounting Basics :

    Calculate the amount of depreciation for 2012 using financial accounting straight-line depreciation (not the straight-line MACRS election) over the truck's estimated useful life.

  • Q : Explain the ending balance of current liabilities....
    Accounting Basics :

    When refering to a statement of cash flows, why would managers compare the net cash provided by operating activities to the ending balance of current liabilities? Explain.

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