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
On 1st November 2012, Barry Bean, a service manager received $60,000 of fees for a plant and equipment maintenance program to be completed for a clients factory equipment over the next three months.
Barry Bean's balance date is 31st December 2012. At balance date how much would be shown under each relevant element of the financial statements? Using concepts from the conceptual framework for financial reporting, explain the initial treatment of the fees received and their treatment over the next 3 months. For each part of this question you may assume that the services are being provided evenly over the three month period.
ii. The framework for preparation and presentation of financial statements gives definitions of assets, liabilities, equity, income and expenses. List the three parts of the accounting definition of income and give the reasons why some items that fit the definition are not recognised in the Income Statement.
Southern Corp. will let Pacific Northern make a single payment of $400,000 at the end of five years. This payment includes both principal and interest at 12%. What is the present value of this payment. Pacific Northern will purchase the equipment t..
Prepare a 500-750 word written response to the following: In January 2010, Salem Corporation, purchased $350,000 of new MACRS 5-year property in the US. This equipment was placed in service May 1, 2010. Salem wants to take as much depreciation in ..
The journal entry to record the incurrence of direct labor costs in November would include the following for Work in Process - total cost of producing and selling the product
Alpine Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2014 totaled $20,000 of materials, $8,000 of direct labor costs, and $8,000 of manufacturing overhead applied.
Prepare for aytenew plc. The following accounts for the year ended 31: december 2013 and a manufacturing account showing the prime cost and total cost of manufactured shoes transferred to the trading account.
In recent times, there has been a case of accounting for changing price, from the traditional historical cost accounting to more "appropriate" methods.
Evaluate the equivalent units of production with respect to direct labor and evaluate the equivalent units of production with respect to direct materials.
Show the objective function and the mixing constraints for the linear program that Melnick would use to determine the optimal monthly production of each wax.
Describe the role of cost accounting in helping management plan, make decisions, and control the organization.
Evaluate the cost will be recovered from future sales
Assuming a 25 percent tax rate, compute the after-tax cost of the following business expenditures.
Love Bug Used Auto Sales asked for your help in comparing the company's profit performance and financial position with the average for the auto sales industry. The proprietor has given you the company's income statement and balance sheet as well a..
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