Question
I need help with all of these. any of them answered would be helpful!! thanks
On January 1, 2013, Daniels Corporation issued $5,000,000, 10-year, 8% bonds at 98. Interest is payable semiannually on January 1 and July 1. The journal entry to record this transaction on January 1, 2013 is Levin Company issued 500 shares of no-par common stock for $10,000. Which of the following journal entries would be made if the stock has a stated value of $1 per share? Quader industnes owns 25% of Maxi Company. For the current year, Maxi reports net income of $1,000,000 and declares and pays a $100,000 cash dividend. Which of the following correctly presents the journal entries to record Quader's equity in Maxi's net income and the receipt of dividends from Maxi? Using vertical analysis, what percentage is assigned to Cost of Goods Sold? 30% 35% 65% None of the above Rose, Inc. completed Job No. B14 during 2013. The job cost sheet listed the following: How much is the cost of the finished goods on hand from this job? $100,000 $90,000 $80,000 $70,000 In the month of November, a department had 40,000 units in beginning work in process that were 80% complete. During November, 60,000 units were transferred into production from another department. At the end of November there were 30,000 units in ending work in process that were 30% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for materials for November were 90,000 equivalent units. 100,000 equivalent units. 104,000 equivalent units. 80,000 equivalent units. A company developed the following per-unit standards for its product: 1.75 pounds of direct materials at $5 per pound. Last month, 3,000 pounds of direct materials were purchased for $15,700. The direct materials price variance for last month was $500 unfavorable $700 unfavorable $500 favorable $700 favorable In incremental analysis, only fixed costs are relevant only variable costs are relevant costs are relevant if they change between alternatives costs are not relevant if they change between alternatives A company's planned activity level for next year is expected to be 200,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: A flexible budget prepared at the 225,000 machine hours level of activity would show total manufacturing overhead costs of $800,000 $900,000 $1,000,000 $1,100,000
Explanation / Answer
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