Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: Reply to student response in 150 words
1. Financial accounting deals with the organization as a whole, reporting to parties outside the organization, is highly regulated and primarily uses historical data, also uses GAAP.
2. Managerial accounting deals with responsibilities centered within the organization as well as with the organization as a whole, deals with activities inside an organization, is unregulated, use projections about the future
Financial accounting is mandatory as per the statutory requirement. Financial accounting is preferred, because legally every company is bound to disclose right and accurate information to the potential and existing investors.
Sandburg and Williams are the ownders of a partnership that manufactures commercial lighting fixtures. Profits are allocated among the partners as follows: Sandburg Williams Salaries $100,000 $125,000 Bonus as a percentage of net income after the bon..
Melanie is employed full-time as an accountant for a national hardware chain. She recently started a private consulting practice, which provides tax advice and financial planning to the general public. For this purpose, she maintains an office in her..
Effect of transactions on cash flows - State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows
The auditors for Weston University are conducting their audit for the fiscal year ended December 31, 2015. Specifically, the audit firm is now focusing on the audit of revenue from this season’s home football games. Based on the information above, de..
A company expects to begin the coming year with 6,000 ceramic pots in finished goods inventory. It expects to sell 85,000 ceramic pots and end the year with 8,000 pots in the finished goods inventory. Four pounds of clay go into each ceramic pot. Pre..
drawing a graph using cost and variable cost.indicate the effect that each of the following conditions will have on a
On July 1, Raney Corporation purchases 520 shares of its $6 par value common stock for the treasury at a cash price of $9 per share. On September 1, it sells 320 shares of the treasury stock for cash at $12 per share. Journalize the two treasury stoc..
A $10,000 bond, due in 20 years has a 5% interest rate. Payments are semiannually with the first payment 6 months from now. What should the price of the bond be to have a yield of nominal 7% compounded semiannually?
Which of the following items is not includible in the gross estate of John, the decedent? The following statements about Qualified Terminable Interest Property (QTIP) trusts are true, except:
Waterways is thinking of mass-producing one of its special-order sprinklers. To do so would increase variable costs for all sprinklers by an average of $0.70 per unit. The company also estimates that this change could increase the overall number of s..
The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process Inventory DR CR Beginning balance $4,700 Direct materials 47,300 Direct labor 29,800 ?..
On May 1, 2014, ABC corporation purchased equipment for $60,000 by issuing a one-year, 4% note payable, with interest to be paid at maturity on May 1,2015. The company routinely depreciates its equipment over a 5 year life with salvage value using st..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd