Homework Answers
Answer
Unearned revenue is not a financial liability
Financial Liability is the contractual liability in which the entity has to deliver other financial asset or cash to other entity.
Unearned revenue cannot be considered as financial liability because unearned revenue represents the provision for the services or the good
Whereas Financial Lease , Notes Payable and Bonds payable are examples of financial liability
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Financial Accounting, Seventh Canadian Edition by Kimmel, Weyg Help System Announcements Question 8 One example of...
Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Help System Announcements Question 5 The difference...
Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Help System Announcements Question 5 The difference between a depreciable asset's cost and its residual value is called O the depreciable amount. O the revaluation amount. O O the annual depreciation. accumulated depreciation. Ques
Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Help System Announcements Exercise 3-6 Selected...
Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Help System Announcements Exercise 3-6 Selected transactions for Ivanhoe Utd. during its first month of operations are presented below: Mar. 2 Issued common shares for $11,900 cash. 4 Purchased used car for $1,100 cash and $9.900 on account, for use in the business, 10 Billed customers $2,300 for services performed. 13 Paid $250 cash to advertise business opening. 25 Received $920 cash from customers billed on March 10. 27 Paid...
W WileyPLUS e Selem Sonuncements H AVP I S Financial Accounting, Seventh Canadian Edition by Kimmel,...
W WileyPLUS e Selem Sonuncements H AVP I S Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine, and Burnley You are presented with the following alphabetical list of itents, selected from the financial statements of Saputo Inc. SSIGNMENT RESOURCES WileyPLUS Assignment 2 Chapter For each of the below accounts, identify the following: BE PETUS- Problem Submission (a) the type of account Cassets, liabilities, shareholders' equity Ispedy common shares, dividends, revenues, or expenses) (b) the normal balance of...
DITIS FLU- ancial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine, and Burnley Help...
DITIS FLU- ancial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine, and Burnley Help System Announcements tudy & Practice Assignment Gradebook ORION Downloadable Textbook en Assignment INTER VERSION BACK NEXT OURCES 105 Question 2 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value of $610,000 and a coupon interest rate of 6%, with interest payable semi-annually (a) x Your answer is incorrect. Try again. Study Prepare a partial bond amortization table for the first...
Return t US Kimmel, Financial Accounting, 9e Help System Announcements t Time: 03:15 PM / Remaining:...
Return t US Kimmel, Financial Accounting, 9e Help System Announcements t Time: 03:15 PM / Remaining: 16 min. CES Multiple Choice Question 259 Which of the following accounts is both adjusted and closed? Depreciation Expense Accumulated Depreciation O Supplies Unearned Revenue Click if you would like to Show Work for this question: Open Sh!
Retur Kimmel, Financial Accounting, 9e Help System Announcements 03:15 PM / Remaining: 17 min. Multiple Choice...
Retur Kimmel, Financial Accounting, 9e Help System Announcements 03:15 PM / Remaining: 17 min. Multiple Choice Question 256 Which of the following accounts is adjusted but is not closed? Supplies Expense Service Revenue Depreciation Expense O Supplies Click if you would like to Show Work for this question: Open
Kimmel, Financial Accounting, 9e Help System Announcements CALCULATOR PRINT Multiple Choice Question 105 Under the perpetual...
Kimmel, Financial Accounting, 9e Help System Announcements CALCULATOR PRINT Multiple Choice Question 105 Under the perpetual system, cash freight costs incurred by the buyer for the transporting of goods is recorded in which account? Freight-In Freight Expense Freight-Out Inventory Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR
Kimmel, Accounting, 6e Help I System Announcements Tamarisk Company Comparative Balance Sheets December 31 Assets Cash...
Kimmel, Accounting, 6e Help I System Announcements Tamarisk Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 66,150 37,800 37,800 52,920 2016 26,460 37,800 147,420 113,400 (60,480) (45,360) $209,790 $204,120 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $35,910 13,230 32,130 34,020 94,500 $ 28,350 15,120 62,370 26,460 71,820 $209,790 $%204,120 Tamarisk Company Income Statement For the Year Ended December 31, 2017...
Kimmel, Accounting, 7e IS Help I System Announcements Practice Question 01 The operating cycle of a...
Kimmel, Accounting, 7e IS Help I System Announcements Practice Question 01 The operating cycle of a merchandising company is ordinarily shorter than that of a service company. O True O False Click if you would like to Show Work for this question: Open Show Work 11 LINK TO TEXT Type here tosearch
prepare trail balance Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 Help | System Announcements Prepare...
prepare trail balance
Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 Help | System Announcements Prepare an adjusted trial balance as at August 31. Ayayai Cottages Trial Balance Debit Credit re to search op After retiring from working in the high-tech industry, Albert Forges borrowed $74,000 and started a cottage rental business on June 1, 2021. The trial ba Ayayai Cottages Unadjusted Trial Balance August 31, 2021 Credit Debit $5,900 Cash Prepaid Insurance 3,300 Supplies 2,000 Land 22,000 Buildings 133,000...
Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Help System Announcements Question 5 The difference between a depreciable asset's cost and its residual value is called O the depreciable amount. O the revaluation amount. O O the annual depreciation. accumulated depreciation. Ques
Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Help System Announcements Exercise 3-6 Selected transactions for Ivanhoe Utd. during its first month of operations are presented below: Mar. 2 Issued common shares for $11,900 cash. 4 Purchased used car for $1,100 cash and $9.900 on account, for use in the business, 10 Billed customers $2,300 for services performed. 13 Paid $250 cash to advertise business opening. 25 Received $920 cash from customers billed on March 10. 27 Paid...
W WileyPLUS e Selem Sonuncements H AVP I S Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine, and Burnley You are presented with the following alphabetical list of itents, selected from the financial statements of Saputo Inc. SSIGNMENT RESOURCES WileyPLUS Assignment 2 Chapter For each of the below accounts, identify the following: BE PETUS- Problem Submission (a) the type of account Cassets, liabilities, shareholders' equity Ispedy common shares, dividends, revenues, or expenses) (b) the normal balance of...
DITIS FLU- ancial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine, and Burnley Help System Announcements tudy & Practice Assignment Gradebook ORION Downloadable Textbook en Assignment INTER VERSION BACK NEXT OURCES 105 Question 2 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value of $610,000 and a coupon interest rate of 6%, with interest payable semi-annually (a) x Your answer is incorrect. Try again. Study Prepare a partial bond amortization table for the first...
Return t US Kimmel, Financial Accounting, 9e Help System Announcements t Time: 03:15 PM / Remaining: 16 min. CES Multiple Choice Question 259 Which of the following accounts is both adjusted and closed? Depreciation Expense Accumulated Depreciation O Supplies Unearned Revenue Click if you would like to Show Work for this question: Open Sh!
Retur Kimmel, Financial Accounting, 9e Help System Announcements 03:15 PM / Remaining: 17 min. Multiple Choice Question 256 Which of the following accounts is adjusted but is not closed? Supplies Expense Service Revenue Depreciation Expense O Supplies Click if you would like to Show Work for this question: Open
Kimmel, Financial Accounting, 9e Help System Announcements CALCULATOR PRINT Multiple Choice Question 105 Under the perpetual system, cash freight costs incurred by the buyer for the transporting of goods is recorded in which account? Freight-In Freight Expense Freight-Out Inventory Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR
Kimmel, Accounting, 6e Help I System Announcements Tamarisk Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 66,150 37,800 37,800 52,920 2016 26,460 37,800 147,420 113,400 (60,480) (45,360) $209,790 $204,120 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $35,910 13,230 32,130 34,020 94,500 $ 28,350 15,120 62,370 26,460 71,820 $209,790 $%204,120 Tamarisk Company Income Statement For the Year Ended December 31, 2017...
Kimmel, Accounting, 7e IS Help I System Announcements Practice Question 01 The operating cycle of a merchandising company is ordinarily shorter than that of a service company. O True O False Click if you would like to Show Work for this question: Open Show Work 11 LINK TO TEXT Type here tosearch
prepare trail balance
Weygandt, Accounting Principles, Eighth Canadian Edition, Volume 1 Help | System Announcements Prepare an adjusted trial balance as at August 31. Ayayai Cottages Trial Balance Debit Credit re to search op After retiring from working in the high-tech industry, Albert Forges borrowed $74,000 and started a cottage rental business on June 1, 2021. The trial ba Ayayai Cottages Unadjusted Trial Balance August 31, 2021 Credit Debit $5,900 Cash Prepaid Insurance 3,300 Supplies 2,000 Land 22,000 Buildings 133,000...
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