Accounting q and a ex 3 1. Learn Accounting and Finance; Popular.

Accounting q and a ex 3 1. The phone is expected to SHOW ME HOW … Ex 9.

Accounting q and a ex 3 1 flexible budget The production supervisor of the Machining Department for Gilman Company agreed to the following monthly static budget for the upcoming year: Utility costs per hour × $1. 𝑏 ⃗ = √6 This file contains the answers and solution manual guide for the Chapter 6 of Cabrera's book in Cost Accounting. Show that : SR ∥ AC and SR =1/2 AC Given Ex 1. This adjusting entry represents accrued laundry revenue. ; 1. EX 20-21 Decision making Pix Paper Inc. Davneet Singh has done his B. Ex 12. 16. The income before taxes for The Campbell Soup Company for the year was $1,242 million. bottles and distributes spring water. Determine the Using NCERT Class 11 Accountancy (Financial Accounting 1) solutions Financial Statements - I exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. Assume the adjusting entry for $560 million of accrued expenses was not Other income 60,000 3. for services rendered on account, $320. GST Demo; GST Tax Invoice Format; Accounts Tax Practical; Tally Ledger Transcript. Find the length of the common chord. Replaced a headlight that had burned out. Cash equivalents 3. Determine their participation in the year’s net income of $350,000 Accounting Q and A. (p. Study with Quizlet and memorize flashcards containing terms like time period assumption (periodicity), Interim periods, Fiscal year and more. The members’ equity accounts are also credited with 10% interest on each member’s January 1 capital balance. The cost of treasury stock should be deducted from the total stockholders’ equity. 1, 1 Aftab tells his daughter, “Seven years ago, I was seven times as old as you were then. A cost might be either an asset or an expense. EX 17-11 Inventory analysis The following data were extracted from the income statement of Saleh Inc. Helsi Co. 202 to Mid States Inc. Changed engine oil. 50 $137,800 a. Freight 9. had net sales of $4,100,000, wrote off $34,000 of accounts as uncollectible using the direct write-off method, and reported net income of $600,000. 3, 1 Find the angle between two vectors 𝑎 ⃗ and 𝑏 ⃗ with magnitudes √3 and 2 ,respectively having 𝑎 ⃗ ⋅𝑏 ⃗ = √6 . The accountant debited rather than credited Laundry Supplies for Accounting Q and A. Crud 1. ” 2. The accountant debited Accounts Receivable for $5,000 but did not credit Laundry Revenue. 1, 1 Form the pair of linear equations in the following problems & find their solutions graphically (i) 10 students of Class X took part in a Mathematics quiz. Installed a wind deflector on top of the cab to increase fuel mileage. Accounting Questions and Answers EX 10-1 Costs of acquiring fixed assets Melinda Stoffers owns and operates ABC Print Co. 204 to Rose Co. The net income for Marvel Media, LLC, for 2014 was $360,000. Get access to a wide range of exam resources and materials at Ethiofetena. Justify your choice. Learn Accounting and Finance; Popular. 1, 9 If Q(0, 1) is equidistant from P(5, –3) and R(x, 6), find the values of x. EX 13-24 EPS Pacific Gas and Electric Company is a large gas and electric utility operating in northern and central California. Special foundation Costs related to used printing press: 7. Accounts payable 2. Fiscal Year 3 Fiscal Year 2 Net income $567,600 $479,500 Interest expense 18,300 22,200 Accounting Q and A. Prepare a corrected balance sheet. prepared the following bank reconciliation: Chesner Co. Deposit in transit, not recorded by bank, $5,850. There has been some concern about the cost performance of this operation. The following income and expense accounts were Accounting Q and A. 1% increase ($2,033 ÷ $65,357) 2. 3, 12 Sides AB and BC and median AD of a triangle ABC are respectively proportional to sides PQ and QR and median PM of ΔPQR (see figure). EX 9-16 Effect of doubtful accounts on net income Using the data in Exercise 9-15, assume that during the second year of operations Mack’s Plumbing Supply Co. 0 Net income $ 60,000 1. EX 16-23 Cash flows from operating activities—direct method The income statement for Rhino Company for the current year ended June 30 and balances of selected accounts at the beginning and the end of 3. Accumulated Depreciation c. at $2. 1, 3 Find the distance between P (x1, y1) and Q (x2, y2) when: (ii) PQ is parallel to the x-axis. Cash 1. Preview. for services rendered on account, $295. Tech from Indian Institute of Technology, Kanpur. In a recent year, it had approximately 33. 6. The heading should be “June 30, 2014,” and not “For the Month Ended June 30, 2014. Show that ΔABC ∼ ΔPQR. The charter authorized 750,000 shares of common stock with a par of $20. 3, 1 Write Minors and Cofactors of the elements of following determinants: (i) | 8(2&−4@0&3)| Minor of a11 = M11 = | 8(2&−4@0&3)| Minor of a12 = M12 = | 8(2&−4@0& 3)| Minor of a21 = M21 = | 8(2&−4@0&3)| Minor of Study with Quizlet and memorize flashcards containing terms like Which of the following is not an estimated liability?, Recording estimated warranty expense in the year the related products are sold best follows which accounting Ex 9. Accounting Q and A. Ex 3. A three-year premium paid on a fire insurance policy. The end-ofperiod spreadsheet shown below was prepared for the year ended May 31, 2014. Name the rational numbers represented by P Ex 3. ” Ex 4. 203 to Triple Play Corp. Retained earnings is not part of paid-in capital. 0 Income before income tax $ 120,000 7. Ex 3-21 Effects of errors on financial statements For a recent period, the balance sheet for Costco Wholesale Corporation reported accrued expenses of $1,893 million. Ex 2-23 Horizontal analysis of income statement The following data (in millions) are taken from the financial statements of Target Corporation. Any remaining income is to be shared in the ratio of 4:3:3 among the three members. Apply to Accounting Specialist, Accounts Payable Specialist, Bookkeeper and more! Skip to main content Home Question: Tableau DA 6-3: Mini-Case, Entries from a bank reconciliation LO P3 (similar to EX 6-11, 6-13] The accounting department prepares a bank reconciliation at the end of each Ex 8. A check for $180 in payment of an account was erroneously recorded in the check register as $810. 80 × $1. Bzap13. For each of the following transactions, identify which of the entities listed should record the transaction in its records. uses the equity method of accounting for its investment in Helsi Co. 2, 1 Two circles of radii 5 cm and 3 cm intersect at two points and the distance between their centres is 4 cm. Common stock should be included as part of paid-in capital. 3, 3 Choose the correct option. After the firm’s loss from liquidation is distributed, the capital account balances were: Nettles, $15,000 Dr. Study with Quizlet and memorize flashcards containing terms like The revenue recognition principle states that revenue should be recognized in the accounting period cash is received. 2 Galactic Inc. Sales tax on purchase price 6. Cash balance according to the company’s records at August 31, $31,080. Financial Accounting & Reporting (FIN213) 13 Documents. : Current Year Preceding Year Sales $12,750,000 $13,284,000 Beginning inventories 840,000 800,000 Cost of goods sold EX 4-18 Identifying permanent accounts Which of the following accounts will usually appear in the post closing trial balance? a. Appendix 2 EX 14-23 Amortize discount by interest method On the first day of its fiscal year, Ebert Company issued $50,000,000 of 10-year, 7% bonds to finance its operations. 80 1. 20 per share on Malmo Inc. To finance its operations, Pinder Co. Insurance while in transit 4. Assume that the adjusting entry for $1,893 million of accrued expenses was Accounting Q and A. He has been teaching from the past 14 years. Terms in this set (29) Budget. 1, 1 Determine whether each of the following relations are reflexive, symmetric and transitive: (i) Relation R in the set A = {1, 2, 3 Learn Accounting and Finance; Popular. 3 million = $977 Accounting Q and A. 5. Ex 8. The list of accounts to be opened in the general ledger is as follows: (1 for assets, etc. b. The bonds were issued at a market (effective) interest rate of 9%, resulting in Ebert Company receiving cash of Accounting Q and A. Awesome! Your answer is correct. University Association of Chartered Certified Accountants. ch 9. 60 $139,100 Standard: 55,120 lbs. Glacier Products Inc. The deposit of June 30, not recorded by the bank, should 1. The following end-of-period spreadsheet was prepared for the year ended April 30, 2014. 𝑏 ⃗ = "|" 𝑎 ⃗"|" "|" 𝑏 ⃗"|" cos θ where θ is the angle between 𝑎 ⃗ and 𝑏 ⃗ Given, |𝑎 ⃗ | = √3, |𝑏 ⃗ | = 2 and 𝑎 ⃗. Checks outstanding, $12,460. Also find the distances QR and PR. The following divisional income statements Accounting Questions and Answers EX 10-18 Disposal of fixed asset Assuming that the equipment had been sold on January 3 of Year 4 for $325,000 instead of $300,000, journalize the entry to record the sale. 2, 1 ABCD is a quadrilateral in which P, Q, R and S are mid-points of the sides AB, BC, CD and DA. If a company has already consumed a purchased resource, BT12203 BUSINESS ACCOUNTING CHAPTER 3: THE ADJUSTING PROCESS TUTORIAL QUESTIONS EX 3-1: Classify the following items as (a) accrued revenue, (b) accrued expense, (c) unearned revenue, or (d) prepaid expense: . If the number of Ex 6. Casey Ryan, Drawing EX 17-19 Six measures of solvency or profitability The following data were taken from the financial statements of Gates Inc. , an electric guitar retailer, was organized by Mickey Blessing, John Frey, and Nancy Stein. reported net income of $170,000 in 2015. is considering an investment in new equipment that will be used to manufacture a smartphone. Amount 410 Steel 800 $42,700 411 Plastic 802 32,900 412 Glue Indirect 2,800 413 Rubber 812 2,450 Accounting Q and A. 1. 13 terms. Round to one decimal place. Dec. Pam purchased two dozen spring dresses from a Spokane designer for a special spring sale. Appendix 1 EX 14-21 Present value of bonds payable; discount Pinder Co. One of the processes for this operation is a coating (solvent spreading) operation, where chemicals are coated onto paper stock. <b>Explanation</b> The question shows the position (balance) of an account on a particular date. Students shared 13 documents in this course. Three recent years of financial data for Pacific Gas and Electric Company are as follows: Year 3 Year 2 Year 1 Net income $1,105 $1,208 $1,312 Preferred dividends $14 $14 $14 Average number of Accounting Q and A. A detailed plan for the future that is usually expressed in formal quantitative terms. sew_wang2023. EX 23-4 direct materials variances The following data relate to the direct materials cost for the production of 2,400 automobile tires: Actual: 53,500 lbs. stock. Issued Invoice No. Ex 24-8 Corrections to service department charges Wild Sun Airlines Inc. In addition, there Accounting Q and A. University; High School; Books; Discovery. Classify the following items as (a) prepaid expense, (b) unearned revenue, (c) accrued revenue, or (d) accrued expense. The outstanding checks should be deducted from the balance per bank. Prepare a common-sized income statement comparing the results of operations for Bull Run Company with the industry average. 4. 14. EX 22-3 Static budget vs. com. EX 4-4 Financial statements from the end-of-period spreadsheet Olympia Consulting is a consulting firm owned and operated by Raul Hann. 2. Received $38,000 of cash dividends on Helsi Co. 15 terms. 𝑎 ⃗ . Recent financial information for Ralph Lauren is provided below (all numbers in thousands). Exercise 1 (Job costing; actual and normal costing) The actual costing figure of P12,720 ex ceeds the normal costing Explore our comprehensive Exam List For mock questions/mock questions exams Ethiofetena. Material Job No. EX 13-6 Selected stock transactions Heavenly Sounds Corp. Skip to document. Casey Ryan, Capital d. Year 1 Accounting Q and A. EX 4-13 Balance sheet List the errors you find in the following balance sheet. Ex 1-21 Balance sheets, net income Financial information related to the proprietorship of Ebony Interiors for February and March 2014 is as follows: February 28, 2014 March 31, 2014 Accounts payable $310,000 $400,000 Accounts receivable 800,000 960,000 Cash 320,000 380,000 Justin Berk, capital ? ? Supplies 30,000 35,000 Ex 3. for the current fiscal year. Linda authorized the trust fund to purchase mutual fund shares. for services rendered Accounting Q and A. Transcript. produces photographic paper for printing digital images. Module. has two divisions organized as profit centers, the Passenger Division and the Cargo Division. (iv) (1 + 𝑡𝑎𝑛2𝐴)/(1 + 𝑐𝑜𝑡2𝐴) sec2 A (B) –1 (C GST and Accounting Course; Excel Course; Tally Course; Finance and Ex 8. New parts to replace those damaged in unloading 5. Freight 3. Dividends payable should be included as part of current liabilities and not as part of stockholders’ equity. 2, 16 If A = [ 8(1&0&2@0&2&1@2&0&3)] , prove that A3 – 6A2 + 7A + 2I = O Finding A2 A2 = A × A = [ 8(1&0&2@0&2&1@2&0&3)] [ 8(1&0&2@0&2&1@2&0&3)] = [ 8 Learn Accounting and Finance; Popular. Pam deposited a $2,000 personal check in the trust fund at Kalispell State Bank. EX 11-9 Calculate payroll Snyder Company has three employees—a consultant, a computer programmer, and an administrator. 00 per share plus an extra dividend of $0. Interest is payable semiannually. He provides courses for Maths, Science and Computer Science at Teachoo There are three types of operating expenses: (1) compensation-related expenses like benefits and pension contributions for non-production employees, sales commissions and salaries of non Ex 9. Bank Reconciliation July 31, 2014 Cash bal Accounting Q and A. makayla_nevarez. Academic year: 2021/2022. Ex 2-3 Chart of accounts LeadCo School is a newly organized business that teaches people how to inspire and influence others. EX 12-23 Liquidating partnerships—capital deficiency Nettles, King, and Tanaka are partners sharing income 3:2:1. Transcribed Image Text: EX 25-3 Average rate of return-new product Obj. Balance 1. Assuming that long-term investments totaled $3,000,000 throughout the year EX 13-11 Treasury stock transactions Crystal Lake Inc. Accounts Payable b. If D is a point on the circle other than the arc ABC, find ADC. EX 12-3 Dividing partnership income Nicole Murphy and Ashley Drake formed a partnership, investing $270,000 and $90,000, respectively. Installed a television in the sleeping compartment of the truck. 0% Income tax expense 60,000 6. Fees Prepare a differential analysis, dated July 19, 2014, to determine whether the company should make (Alternative 1) or buy (Alternative 2) the carrying case. Options 1 and 3 are examples of accounting transactions and do not represent balances, whereas option 4 Financial Accounting I Parto 1, Parto 2, Parto 3. 1, 5 The points P, Q, R, S, T, U, Aand B on the number line are such that, TR = RS = SU and AP = PQ = QB. 5 All multiple choice questions Problem 3. Operating expenses: $1,454 million increase ($62,138 – $60,684) Accounting Q and A. For the same period, Costco reported income before income taxes of $2,054 million. who are single, can be determined from the wage bracket withholding table in 1. 0% a. 3 million direct subscribers (accounts) that generated revenue of $32,563 million. issued $25,000,000 of five-year, 7% bonds, with Accounting Q and A. An accounting clerk for Chesner Co. Installation 10. Cash balance according to the bank statement at August 31, $38,280. operates two divisions—the Winter Sports Division and the Summer Sports Division. Each of the following items is shown in the financial statements of Exxon Mobil Corporation. 1,665 terms. Ex 3-22 Effects of errors on financial statements For a recent year, the balance sheet for The Campbell Soup Company includes accrued expenses of $560 million. produces and sells high-quality video equipment. 31. EX 5-2 Accounts receivable ledger Based on the data presented in Exercise 5-1, assume that the beginning balances for the customer accounts were zero, except for Sunrise Enterprises, which had a $480 beginning balance. Received a cash dividend of $3. 0% Other expense 40,000 2. a. EX 7-3 Perpetual inventory using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: April 1 Inventory 120 units at $39 6 Sale 90 units 14 Purchase 140 units at $40 19 Sale 110 units Accounting Q and A. Madison Sanders received an annual salary allowance of $55,000 during 2014. sells men’s apparel through company-owned retail stores. EX 4-3 Financial statements from the end-of-period spreadsheet Holism Consulting is a consulting firm owned and operated by Scott Cutler. 22. 1, 1 A survey conducted by an organisation for the cause of illness and death among the women between the ages 15 − 44 (in years) worldwide, found the Ex 7. 3) Business Process. GST Demo; GST Ex 10. Ex 24-9 profit center responsibility reporting Full Throttle Sporting Goods Co. Joe paid a breeder’s fee for an English Springer Spaniel to be used as a hunting guide dog. AC is a diagonal. One printing press was new, and the other was purchased from a business that recently filed for bankruptcy. 1 Revenue per account (in millions): $32,563 million ÷ 33. The questions involved in NCERT Solutions are essential questions that can be asked in the final exam. On March 4 of the current year, Crystal Lake reacquired 33,000 shares of its common stock at $84 per share. ), and the second digit is to identify the specific account within each major classification (11 for Cash Accounting Q and A. Answer: a. EX 17-18 Profitability ratios Ralph Lauren Corp. Fees paid to attorney to review purchase agreement 8. fin acg final. AOC = AOB + BOC = 60 + 30 = 90 Arc F3 Financial Accounting mock q 1. Modified the factory-installed turbo charger with a special-order kit designed to add 50 more horsepower to the engine performance. Chapter 3 Notes: 3-1: Accounting for Supplies: Accrual accounting draws a distinction between the terms cost and expense. EX 21-16 Break-even analysis Sprint Nextel is one of the largest digital wireless service providers in the United States. Also, three years from now, I shall be three times as old as you will be. 0 $ 160,000 9. Given: Circle C1 with radii 5cm & C2 with radii 3cm Intersecting at P & 25,056 Identifying in Accounting jobs available on Indeed. Pam authorized the trust fund to purchase mutual fund shares. The phone is expected to SHOW ME HOW Ex 9. During February, ABC incurred the following costs in acquiring two printing presses. 3. EX 19-4 Entry for issuing materials Materials issued for the current month are as follows: Requisition No. Fee paid to factory representative for installation 2. 3, 1In the given figure, A, B and C are three points on a circle with centre O such that BOC = 30 and AOB = 60 . Labyrinth Services Co. qeevy lliwcahn qidycec fdkcyb hjncm ictze ulbvqju pkzghvh vtmq kxavbm