Financial Accounting

1. Prepare a static budget based variance analysis of the September performance.

1. Prepare a static budget based variance analysis of the September performance. 2.prepare a flexible budget based variance analysis of the September performance. 3. Why might ban…

1. Prepare a vertical analysis of the balance sheet data for 2016 and 2015. Expr

1. Prepare a vertical analysis of the balance sheet data for 2016 and 2015. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a m…

1. Prepare a vertical analysis of the balance sheet data for 2019 and 2018. Expr

1. Prepare a vertical analysis of the balance sheet data for 2019 and 2018. Express each amount as a percentage of Round your answers to 1 decimal place.) 2019 2018 Amount Assets …

1. Prepare adjusting journal entries to reflect each of the folowing. a. store s

1. Prepare adjusting journal entries to reflect each of the folowing. a. store supplies still available at fiscal year-end amount to $3,300. b. Expired insurance, an administrativ…

1. Prepare an analysis to determine if Adelaide Industries should replace the ex

1. Prepare an analysis to determine if Adelaide Industries should replace the existing machine. 2. What costs are irrelevant to the decision as to retain or replace the machine? A…

1. Prepare an income statement for the company using variable costing. 2. Prepar

1. Prepare an income statement for the company using variable costing. 2. Prepare an income statement for the company using absorbtion costing 3. Under what circumstances reported…

1. Prepare and analize the common statement for Anandam Manufacturing Company. S

1. Prepare and analize the common statement for Anandam Manufacturing Company. Show all calculations. 2. Prepare and analize the cash flow statement for Anandam Manufacturing Comp…

1. Prepare depreciation schedules using Straight -Line. Activity Based, and Doub

1. Prepare depreciation schedules using Straight -Line. Activity Based, and Double-Declining Balance Depreciation. Finance Depreciation Schedules-Excel FILE HOME INSERTPAGE LAYOUT…

1. Prepare jou Because of uncertainty of estimale, IIO .How much is warranty exp

1. Prepare jou Because of uncertainty of estimale, IIO .How much is warranty expense in each year from 20X5 to 203 . What is the balance in the provision for warranty at 31 Decemb…

1. Prepare journal entries dated March 31 to record the following March activiti

1. Prepare journal entries dated March 31 to record the following March activities: (a) purchase of raw materials, (b) direct materials usage, (c) indirect materials usage, (d) fa…

1. Prepare journal entries for transactions ( a ) through ( k ). (If no entry is

1. Prepare journal entries for transactions (a) through (k). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Prep…

1. Prepare journal entries to record items (a) through (f) above [ignore item (g

1. Prepare journal entries to record items (a) through (f) above [ignore item (g) for the moment]. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the r…

1. Prepare journal entries to record the December transactions in the General Jo

1. Prepare journal entries to record the December transactions in the General Journal Tab .Use the following accounts as appropriate: Cash, Accounts Receivable, Supplies, Prepaid …

1. Prepare the appropriate journal entry, if any, to record the accounting chang

1. Prepare the appropriate journal entry, if any, to record the accounting change. 2. Prepare the journal entry to record the depreciation expense for 2011. The Tildy Company boug…

1. Prepare the cash budget of the Koutouzov Company for the first six months of

1. Prepare the cash budget of the Koutouzov Company for the first six months of XXX1 on the basis of the following estimates: Actual and estimated sales are: Additional Info: - Sa…

1. Prepare the closing entries made by Grand Rapids Consulting at the end of 201

1. Prepare the closing entries made by Grand Rapids Consulting at the end of 2019. 2. Prepare Grand Rapids Consulting’s retained earnings statement for 2019. CHART OF ACCOUNTS Gra…

1. Prepare the common sizing analyis for 2010 and 2011. 2. Prepare the trend ana

1. Prepare the common sizing analyis for 2010 and 2011. 2. Prepare the trend analysis for 2010 and 2011. January 29 2011 January 30 2010 millions, except footnotes Assets Cash and…

1. Prepare the entire statement of Cash Flows for the year ended December 31, 20

1. Prepare the entire statement of Cash Flows for the year ended December 31, 2011. Use direct method for the operations section. 2. Prepare the supplemental schedule showing how …

1. Prepare the entry to record revenue each month for the first four months of t

1. Prepare the entry to record revenue each month for the first four months of the contract. 2. Prepare the entry after four months to recognize the change in estimate associated …

1. Prepare the income statement and the statement of owner\'s equilty classified

1. Prepare the income statement and the statement of owner's equilty classified balance sheet at December 31, 2017 64,700 8 890 2. Prepare the necessary closing entries at Decembe…

1. Prepare the income statement to reflect LCM valuation of the current year end

1. Prepare the income statement to reflect LCM valuation of the current year ending inventory Apply LCM on an item-by-tem basis (Round your answers to nearest d JAFFA COMPANY Inco…

1. Prepare the journal entries on October 1, 2018, to record the issuance of the

1. Prepare the journal entries on October 1, 2018, to record the issuance of the note. (If no entry is required for a transaction/event, select "No journal entry required" in the …

1. Prepare the journal entries to record the raw materials used in production an

1. Prepare the journal entries to record the raw materials used in production and the direct labor cost incurred. 2. Prepare the journal entry to record the overhead cost applied …

1. Prepare the journal entry for the following transaction: As a general rule, t

1.Prepare the journal entry for the following transaction: As a general rule, the organization estimates 10% of all pledges will not be received. A donor made an unconditional ple…

1. Prepare the journal entry or entries for January 31 2. Prepare the journal en

1. Prepare the journal entry or entries for January 31 2. Prepare the journal entry or entries for March 9; assume no additional ted from Green. Warner Company's year-end unadjust…

1. Prepare the necessary adjusting journal entries for items a through h . Assum

1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end. [The following information applies to the questi…

1. Preparethefollowingratiosandshowallsupportforyourcomputations: (No partial cr

1. Preparethefollowingratiosandshowallsupportforyourcomputations: (No partial credit given without work/computations) a) Current Ratio b) Quick Ratio c) Working Capital d) Account…

1. Preparing Balance Sheets it to start your own business as a reseller of \"ACC

1. Preparing Balance Sheets it to start your own business as a reseller of "ACCA" books. You order every day 5 books from is $70. But you are able to sell each ordered books your …

1. Presented below are data for Wildhorse Co. 2017 2018 Assets, January 1 $8,855

1. Presented below are data for Wildhorse Co. 2017 2018 Assets, January 1 $8,855 $9,717 Liabilities, January 1 4,870 ? Stockholders' Equity, Jan. 1 ? ? Dividends 1,611 1,219 Commo…

1. Presented below is an aging schedule for Miller Company. Fill in the table. 1

1. Presented below is an aging schedule for Miller Company. Fill in the table. 1. Presented below is an aging schedule for Miller Company. Fill in the table Number of Days Past Du…

1. President Franklin D. Roosevelt once said, “I am wholly unable to figure out

1. President Franklin D. Roosevelt once said, “I am wholly unable to figure out the amount of tax,” and wrote to the Federal Commissioner of Revenue, “may I ask that (the agency) …

1. Prior to the formation of the Dorm Apparel L.P., what form of entity did Kenn

1. Prior to the formation of the Dorm Apparel L.P., what form of entity did Kennedy and Fitzgerald use to operate the business? 2. Assume Big Bank attempts to collect the partners…

1. Process costing is best described by which statement? A.Only direct materials

1. Process costing is best described by which statement? A.Only direct materials and manufacturing overhead are assigned to products under process costing. B.Units produced in a p…

1. Product L40O Product Y27L Sales $23,200 $50,200 Variable expenses 9,280 18,89

1. Product L40O Product Y27L Sales $23,200 $50,200 Variable expenses 9,280 18,890 Contribution margin $13,920 $31,310 If the sales mix were to shift toward Product L40O with total…

1. Product cost under absorption costing is characteristically: A. Higher than u

1. Product cost under absorption costing is characteristically: A. Higher than under variable costing. B. Lower than under variable costing. C. Equal to variable costing. D. Highe…

1. Product costs and period costs The costs that follow were extracted from the

1. Product costs and period costs The costs that follow were extracted from the accounting records of several different manufacturers: 1. Weekly wages of an equipment maintenance …

1. Profit margin provides the user with a comprehensive profit picture of a firm

1. Profit margin provides the user with a comprehensive profit picture of a firm. true or false? 2. Which of the following is a source of cash? A) Increase in accounts receivable.…

1. Projected units sales: July, 140,000; August 150,000; September 170,000; Octo

1. Projected units sales: July, 140,000; August 150,000; September 170,000; October 140,000. 2. Sales price per unit, $15.00 3. Units in ending inventory each month should equal 1…

1. Proponents of immediately writing-off goodwill acquired in a business combina

1. Proponents of immediately writing-off goodwill acquired in a business combination argue that A. goodwill implies future profitability thus it has future economic benefit and is…

1. Provide a brief description of a business (you can make it up), including the

1. Provide a brief description of a business (you can make it up), including the name of your business and the industry in which you operate. Be sure to identify and explain a pro…

1. Provide an example that shows process costing divided among different departm

1. Provide an example that shows process costing divided among different departments. In determining overhead can each department uses its own pre-determined overhead rate? Provid…

1. Provide at least three characteristics of a corporation (in your own words).

1.  Provide at least three characteristics of a corporation (in your own words). 2.  The date on which a cash dividend becomes a binding legal obligation is known as what date?   …

1. Purchased a parcel of land on March 1, 2013 for $650,000 by paying $425,000 i

1. Purchased a parcel of land on March 1, 2013 for $650,000 by paying $425,000 in cash and signing a short-term note payable with the seller for $225,000. You must repay the $225,…

1. Purchased raw materials on account $46,300. 2. Raw Materials of $36,000 were

1. Purchased raw materials on account $46,300. 2. Raw Materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 …

1. Purchased raw materials on account, $85,000. Raw Materials of $30,000 were re

1. Purchased raw materials on account, $85,000. Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,000 wa…

1. Purchased store supplies costing $810 from Local Supply. Paid cash. 2. Paid B

1. Purchased store supplies costing $810 from Local Supply. Paid cash. 2. Paid Beach Office Supply the balance due on Seaside's account. 3. Sent a check for $460 to Local Supply t…

1. Purchased store supplies costing $810 from Local Supply. Paid cash. 2. Paid B

1. Purchased store supplies costing $810 from Local Supply. Paid cash. 2. Paid Beach Office Supply the balance due on Seaside's account. 3. Sent a check for $340 to Local Supply t…

1. Question 31 Short Answer Question - Sara is the sole owner of Yellow Corporat

1. Question 31 Short Answer Question - Sara is the sole owner of Yellow Corporation. Her basis in Yellow is $50,000. The value of her stock is $100,000. In addition, to compensate…

1. Question : Discontinued operations need to be treated separately from regular

1. Question : Discontinued operations need to be treated separately from regular business operations on the ________. CORRECT   income statement   2. Question : A technique for ev…

1. Question : Estimated liabilities are ________. CORRECT obligations of an unce

1. Question : Estimated liabilities are ________. CORRECT   obligations of an uncertain amount   2. Question : Liabilities are ________. CORRECT   recorded even if the exact amoun…