Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Certified Management Accountant (CMA) How does this certification benefit the managerial accountant? How does an accountant...
Certified Management Accountant (CMA) How does this certification benefit the managerial accountant? How does an accountant with this certification benefit the organization? What organization sponsor’s the certification? What is the history of this organization (Date established, why was it established, founded by whom, etc.)? Who is the current leader/chairman of the organization What regulations and/or standards do they establish and/or enforce? What publications do they produce? What continuing education requirement do they have? What is the certification process and requirements?
Financial Accountant
Zdon Inc. reports accounting income of $105,000 for 2020, its first year of operations. The following items cause taxable income to be different than income reported on the financial statements.1. Capital cost allowance (on the tax return) is greater than depreciation on the income statement by $16,000.2. Rent revenue reported on the tax return is $24,000 higher than rent revenue reported on the income statement.3. Non-deductible fines appear as an expense of $15,000 on the income statement.4. Zdon's tax rate is 30%...
Financial Accountant
(Lessee-Lessor, Sale-Leaseback) Presented below are five independent situations. All the companies involved use ASPE, unless otherwise noted.1. On December 31, 2020, Zarle Inc. sold equipment to Orfanakos Corp. and immediately leased it back for 10 years. The equipment’s selling price was $520,000, its carrying amount was $400,000, and its estimated remaining economic life was 12 years.2. On December 31, 2020, Tessier Corp. sold a machine to Cross Ltd. and simultaneously leased it back for one year. The machine’s selling price was $480,000, its carrying...
You are the independent accountant assigned to the audit of Neophyte Company. The company's accountant, a...
You are the independent accountant assigned to the audit of Neophyte Company. The company's accountant, a graduate of Rival State University, has prepared financial statements that contained the following questionable items: a. The balance sheet reports land at $100,000. Included in this amount is a property held for speculation at a cost of $30,000. b. Current liabilities include $50,000 for long-term debt that is due in three months. The company has received a suitable firm commitment to refinance the debt...
accountant for Susan company made the following areas related to inventory in 20 The accountant for...
accountant for Susan company made the following areas related
to inventory in 20
The accountant for Suzanne Company made the following errors related to inventory in 2017 1. The beginning inventory for 2017 was overstated by $1,375 due to an error in the physical count. 2. A $1,650 purchase of merchandise on credit in 2017 was not recorded or included in the ending inventory Assuming a periodic inventory system, how would Sue's costs of goods sold, gross profit, and net...
The changing roll of the management accountant and management accounting information The roll of management accountant...
The changing roll of the management accountant and management accounting information The roll of management accountant has changed considerably over the last few decades from being primarily a ‘number crunching’ function, recording and reporting on a diverse range of aspects of a company’s current financial health status, to a much more valuable broader strategic roll, vitally important in planning and decision making. Requirement Discuss this statement with reference to the changing business environment that has led to substantial changes in...
3. You are the independent accountant assigned to the audit of Katherine Company. The company’s accountant,...
3. You are the independent accountant assigned to the audit of Katherine Company. The company’s accountant, a fellow graduate of the accounting program you attended has prepared financial statements, which contained the following items: a) The balance sheet reports land in total of $250,000. Included in this amount is a piece of property purchased for a future warehouse site at a cost of $130,000 and a speculative land investment at a cost of $50,000. b) Current liabilities include $950,000 for...
If an accountant were to calculate total cost, the accountant would be sure to include only...
If an accountant were to calculate total cost, the accountant would be sure to include only implicit costs. Oinclude only explicit costs include both implicit and explicit costs include neither implicit nor explicit costs. D | Question 5 A business pays incom taxes on O its economic profht. O its accounting proft O its marginal revenue. its total revenue. D Question 6 The choices regarding future production for a business owner is most influenced by her O economic costs. O...
Crane Company has an inexperienced accountant. During the first two weeks on the job, the accountant...
Crane Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions. All incorrect entries were posted. 1. A payment on account of $690 to a creditor was debited $590 to Accounts Payable and credited $590 to Cash. 2. The purchase of supplies on account for $620 was not recorded. 3. A $470 withdrawal of cash for L. Crane's personal use was debited $470 to Salaries Expense and credited...
Blossom Company has an inexperienced accountant. During the first two weeks on the job, the accountant...
Blossom Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions. All incorrect entries were posted 1. A payment on account of 5690 to a creditor was debited $580 to Accounts Payable and credited $580 to Cash. 2. The purchase of supplies on account for $630 was not recorded 3. A $410 withdrawal of cash for L. Blossom's personal use was debited $410 to Salaries Expense and credited...
accountant for Susan company made the following areas related
to inventory in 20
The accountant for Suzanne Company made the following errors related to inventory in 2017 1. The beginning inventory for 2017 was overstated by $1,375 due to an error in the physical count. 2. A $1,650 purchase of merchandise on credit in 2017 was not recorded or included in the ending inventory Assuming a periodic inventory system, how would Sue's costs of goods sold, gross profit, and net...
If an accountant were to calculate total cost, the accountant would be sure to include only implicit costs. Oinclude only explicit costs include both implicit and explicit costs include neither implicit nor explicit costs. D | Question 5 A business pays incom taxes on O its economic profht. O its accounting proft O its marginal revenue. its total revenue. D Question 6 The choices regarding future production for a business owner is most influenced by her O economic costs. O...
Crane Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions. All incorrect entries were posted. 1. A payment on account of $690 to a creditor was debited $590 to Accounts Payable and credited $590 to Cash. 2. The purchase of supplies on account for $620 was not recorded. 3. A $470 withdrawal of cash for L. Crane's personal use was debited $470 to Salaries Expense and credited...
Blossom Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions. All incorrect entries were posted 1. A payment on account of 5690 to a creditor was debited $580 to Accounts Payable and credited $580 to Cash. 2. The purchase of supplies on account for $630 was not recorded 3. A $410 withdrawal of cash for L. Blossom's personal use was debited $410 to Salaries Expense and credited...
Most questions answered within 3 hours.
-
Sodium carbonate is added to the tea mixture, in part, to form
the sodium salt of...
asked 22 minutes ago -
he plant started to purify its wastewater before discharging it
into the lake. How long will...
asked 41 minutes ago -
Thiazyl fluoride, F3NS is a colourless gas. Using concepts of
electronegativity, formal charge etc. determine the...
asked 43 minutes ago -
1. Why is an explicit inflation target a bad policy?
2. MV=PQ If M grows, then...
asked 16 minutes ago -
A 1.50 kg sample of water at 15.0°C is in a calorimeter. You
drop a piece...
asked 43 minutes ago -
implement a doubly-linked list in C. Each node in the linked list should contain a string,...
asked 21 minutes ago -
For the assignment this week, use Microsoft Word or Microsoft
Excel to create your own Comparing...
asked 19 minutes ago -
Pratt Company acquired all of Spider, Inc.’s outstanding shares
on December 31, 2018, for $510,100 cash....
asked 21 minutes ago -
A
firm purchased telephone equipment for cash. By mistake, the person
who recorded the transaction debited...
asked 43 minutes ago -
Discuss the similarities and differences between static and
flexible Budgeting and Capital budgeting. · Why is...
asked 33 minutes ago -
What are some best practices and things to avoid when developing
a PowerPoint presentation or file
asked 24 minutes ago -
3. Use a text editor to create a comma-delimited file of user
IDs and passwords. Revise...
asked 25 minutes ago