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Question - The Trial Balance of Deco Enterprise as at 31 December 2019 shows the following: RM RM Incentive Received 25,600 Interest Paid 12,100 Rental Received 91,000 Insurance 2,400 The financial year for Deco Enterprise ends on 31 December every year. Below is the additional information as at 31 December 2019:
i. Incentive receivable is RM7,560.
ii. Interest incurred for the financial year is RM13,450.
iii. Rental received per annum should be RM84,000.
iv. Insurance was paid for the period from October 2019 to September 2020.
Required -
a. Adjusting journal entries to account for the additional information above.
b. Update the above accounts accordingly.
Calculate purchase-price variances for the fourth quarter and for the year. How much of the price vari- ance is attributable to changes in foreign currency exchange rates?
Explain how the analytical procedures are used in an audit engagement, what premise underlies the use of analytical procedures in auditing and what sources of information can an auditor use to develop expectations.
Q's daily expected return and standard deviation are 1% and 2.5% respectively. Assuming normality of returns, what is your investment's 95% VaR?
Analysis of Subsequent Expenditures Accardo Resources Group has been in its plant facility for 15 years. Although the plant is quite functional, numerous repair costs are incurred to maintain it in sound working order.
Kingbird, Inc., Give the entry for bad debt expense for the current year assuming the allowance should be 3% of gross accounts receivable.
How do Make the statement of profit or loss and other comprehensive income of the company according to the function of expenditure method
Oscar Corp. applies manufacturing overhead to production at 150% of direct labor cost. During 20x5, manufacturing overhead of $180,000 was applied to production; actual manufacturing overhead was $199,000.
How payback period is calculated, what is the decision rule, what are the problems associated with using the payback period and few of its advantages?
The YTM on a bond is the interest rate you earn on your investment if interest rates don't change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY).
allocations schedule and sampa consolidation journal entry.on january 1 2009 pampas company acquired 80 of smith
What The budgeted fixed cost for September, to the nearest dollar, was? In September, Larson Inc. sold 50,000 units of its only product for $317,000
Which answer best defines “Enterprise Resource Planning”?
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