Homework Answers
| Economic entity assumption | ||
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As per the economic entity assumption economic life of an asset can be split into artificial time periods. Comment if you face any issues |
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Current Attempt in Progress . Your answer is incorrect. The assumption divides the economic life of...
Current Attempt in Progress Your answer is incorrect If Coho Company had net income of $828,000...
Current Attempt in Progress Your answer is incorrect If Coho Company had net income of $828,000 in 2020 and it experienced a 38% increase in net income over 2019. What was its 2019 net income? Net income of 2019 $
View Policies Show Attempt History Current Attempt in Progress x Your answer is incorrect. Asteel pipe...
View Policies Show Attempt History Current Attempt in Progress x Your answer is incorrect. Asteel pipe with an outside diameter of 6.865 in and an inside diameter of 6.035 in supports the loadings shown. Determine the magnitude of the horizontal shear stress T, on the top surface of the pipe at point H. 900 lb 1.600 lb 18 in. 72 in 30 in 1,000 lb 1.883 ksi O 1480 ksi O 1.722 ksi 0 1.572 ksi O 2.011 ksi e...
Current Attempt in Progress * Your answer is incorrect. Blossomrecently invested in a project with a...
Current Attempt in Progress * Your answer is incorrect. Blossomrecently invested in a project with a 3-year life span. The net present value was $10400 and annual cash inflows were $35000 for year 1: $37000 for year 2: and $39000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was Present Value Year of 1 at 15% 0.870 0.756 0.658 PV of an Annuity of 1 at 15% 0.870 1.626 2.283 O $69746....
Show Attempt History Current Attempt in Progress X Your answer is incorrect. Sheffield Corp. had the...
Show Attempt History Current Attempt in Progress X Your answer is incorrect. Sheffield Corp. had the following transactions during 2016: • Sales of $11450 on account • Collected $5090 for services to be performed in 2017 • Paid $2760 cash in salaries for 2016 • Purchased airline tickets for $640 in December for a trip to take place in 2017 What is Sheffield's 2016 net income using accrual accounting? $9330 $13780 ces o $14420 ner $8690 sion
Question 2 View Policies Show Attempt History Current Attempt in Progress . Your answer is incorrect....
Question 2 View Policies Show Attempt History Current Attempt in Progress . Your answer is incorrect. Kaehler Enterprises earns 11% on an investment that pays back $85,000 at the end of each of the next 7 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Kaehler Enterprises invested to earn the 11% rate of return? (Round answer to 2 decimal places, e.g. 25.25.)...
Question 8 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect....
Question 8 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. The accounting for bonds payable is: not covered by IFRS the same except that market prices may be different because the present value calculations are different between IFRS and GAAP. o differs in that GAAP requires use of the straight-line method for amortization of bond premium and discount. essentially the same under IFRS and GAAP.
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect....
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Suppose the following information (in millions of dollars) is available for Limited Brands for a recent year: sales revenue $8,670, net income $244, preferred dividend $0, and weighted average common shares outstanding 400 million. Compute the earnings per share for Limited Brands. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $ 0.57 eTextbook and Media Save for Later Attempts: unlimited Submit...
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect....
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. mthe bank statement change for printing Ivanhoe Company checks $35 and rest earned on checking At August 31, Ivanhoe Company has a cash balance per books of $8.600 and the following addit account balance $40. In addition, Ivanhoe Company us outstanding checks of $760 Determine the adjusted cash balance per books August 31 The adjusted cash balance per books at August 31
Question 1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect....
Question 1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. On January 1, 2017, Sandhill Co., a calendar-year company, issued $2320000 of notes payable, of which $580000 is due on January 1 for each of the next four years. The proper balance shee presentation on December 31, 2017, is: Current liabilities, $2320000. Long-term debt, $2320000. Current liabilities, $580000; Long-term Debt, $1160000. Current liabilities, $580000; Long-term Debt, $1740000. e Textbook and Media Attempts: 2 of...
Current Attempt in Progress X Your answer is incorrect. An IFRS statement might include all of...
Current Attempt in Progress X Your answer is incorrect. An IFRS statement might include all of the following except O cumulative effect of a change in accounting principle. O net income or loss. unrealized gains or losses on the revaluation of long-term assets. O extraordinary gain or loss. e Textbook and Media Save for Later Atte
Current Attempt in Progress Your answer is incorrect If Coho Company had net income of $828,000 in 2020 and it experienced a 38% increase in net income over 2019. What was its 2019 net income? Net income of 2019 $
View Policies Show Attempt History Current Attempt in Progress x Your answer is incorrect. Asteel pipe with an outside diameter of 6.865 in and an inside diameter of 6.035 in supports the loadings shown. Determine the magnitude of the horizontal shear stress T, on the top surface of the pipe at point H. 900 lb 1.600 lb 18 in. 72 in 30 in 1,000 lb 1.883 ksi O 1480 ksi O 1.722 ksi 0 1.572 ksi O 2.011 ksi e...
Current Attempt in Progress * Your answer is incorrect. Blossomrecently invested in a project with a 3-year life span. The net present value was $10400 and annual cash inflows were $35000 for year 1: $37000 for year 2: and $39000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was Present Value Year of 1 at 15% 0.870 0.756 0.658 PV of an Annuity of 1 at 15% 0.870 1.626 2.283 O $69746....
Show Attempt History Current Attempt in Progress X Your answer is incorrect. Sheffield Corp. had the following transactions during 2016: • Sales of $11450 on account • Collected $5090 for services to be performed in 2017 • Paid $2760 cash in salaries for 2016 • Purchased airline tickets for $640 in December for a trip to take place in 2017 What is Sheffield's 2016 net income using accrual accounting? $9330 $13780 ces o $14420 ner $8690 sion
Question 2 View Policies Show Attempt History Current Attempt in Progress . Your answer is incorrect. Kaehler Enterprises earns 11% on an investment that pays back $85,000 at the end of each of the next 7 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Kaehler Enterprises invested to earn the 11% rate of return? (Round answer to 2 decimal places, e.g. 25.25.)...
Question 8 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. The accounting for bonds payable is: not covered by IFRS the same except that market prices may be different because the present value calculations are different between IFRS and GAAP. o differs in that GAAP requires use of the straight-line method for amortization of bond premium and discount. essentially the same under IFRS and GAAP.
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Suppose the following information (in millions of dollars) is available for Limited Brands for a recent year: sales revenue $8,670, net income $244, preferred dividend $0, and weighted average common shares outstanding 400 million. Compute the earnings per share for Limited Brands. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $ 0.57 eTextbook and Media Save for Later Attempts: unlimited Submit...
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. mthe bank statement change for printing Ivanhoe Company checks $35 and rest earned on checking At August 31, Ivanhoe Company has a cash balance per books of $8.600 and the following addit account balance $40. In addition, Ivanhoe Company us outstanding checks of $760 Determine the adjusted cash balance per books August 31 The adjusted cash balance per books at August 31
Question 1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. On January 1, 2017, Sandhill Co., a calendar-year company, issued $2320000 of notes payable, of which $580000 is due on January 1 for each of the next four years. The proper balance shee presentation on December 31, 2017, is: Current liabilities, $2320000. Long-term debt, $2320000. Current liabilities, $580000; Long-term Debt, $1160000. Current liabilities, $580000; Long-term Debt, $1740000. e Textbook and Media Attempts: 2 of...
Current Attempt in Progress X Your answer is incorrect. An IFRS statement might include all of the following except O cumulative effect of a change in accounting principle. O net income or loss. unrealized gains or losses on the revaluation of long-term assets. O extraordinary gain or loss. e Textbook and Media Save for Later Atte
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