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You are watching: Which of the following statements is true of abc systems?


Q: Mervon Company type of has 2 operating departments: Mixing and also Bottling. Mixing occupies 28,795 square fee...

A: SOLUTION-CALCULATION OF % OF ALLOCATION -FOR DEPARTMENT 1=(SQUARE FEET OF DEPARTMENT 1 / TOTAL SQU...


Q: 1. Journalize the entries to document the foregoing transactions.2. Prepare the shareholders' equity ...

A: Click to watch the answer


Q: 19. Compute the amount of cash as per the instructions.HERE COME THE CLOWNS! is the name of a trave...

A: Balance sheet is the summary showing the totals of the assets or resources and totals of duties...


Q: Cool Company kind of has chose to take their agency public on January 1, 2014. Cool agency had 1,000 sha...

A: When company worries shares to public, it can do so at par value, more than par worth or much less than pa...


Q: Assume that you have actually finished your MBA regimen and have actually used for a place in the FinancialAccou...

A: Financial Accounting -:Financial Accounting is the procedure of documenting, outlining, and reportin...


Q: Discuss how benefits of insurance has actually continual the insurance sector to date

A: Insurance is an arrangement under which a person or company receives financial security or reimbursem...


Q: ProblemThe food division of domino's food mirrors the complying with results for the year ended3first march...

A: The performance of the monitoring is typically measured by the financial performance of the company.


Q: GMA Co. had 900,000 ordinary shares issued and also exceptional atDecember 31, 2019. On July 1, 2020 an a...

A: Diluted EPS is calculated by considering all the convertible choices available during the period.


Q: At the finish of 2019, its first year of operations, Beattie Company kind of reported taxable revenue of $42,000...

A: DateAccount title and explanationDebit($)Credit($)2019 Dec 31Income tax expense{34,20...


Q: At the start of 2020, a tvery own reports the following balances, regarded 2019 taxes:Property ta...

A: Tax is the part of one’s income provided to government for working within the region of the nation.


Q: Explain the prudence idea with example

A: Prudence concept- As per this concept, businesses need to identify all the future anticipated future...


Q: 1. Journalize the transactions.2. Message to the shareholders' equity accounts.3. Prepare the share c...

A: (1) 


Q: Winter Company kind of got quotations from two entities for an item of merchandise as follows:From Com...

A: Trade discount and cash discount are 2 various types of discount readily available by seller to the buyer....


Q: The audit documents for Miller Fixtures report the adhering to production prices for the previous year:...

A: Given the following information:Direct Materials $210,000Direct Labor: $175,000Variable Overhead...


Q: 3 - Which of the adhering to is not a self-employment voucher?A) ACCOUNTANTB) HAIRDRESSERC) DOCTORD) A...

A: Self employment vouchers are the taxation applied on self employed professionals, barring a few exce...


Q: 12. Hat Corp. has the option of receiving a $5,000 cash payment this particular day or an $18,000 cash payment 7 y...

A: In the given question, the agency has actually two options: Option 1: Receive $ 5,000 now. Thus, pr...


Q: B. Construct T-accounts for the account titles used with the normal balances.

A: Journal entry is a method to document financial transactions right into books of accounts.


Q: Wasson's Standard Cars regain classical automobiles to showroom standing. Budgeted information for the present ...

A: Click to view the answer


Q: On January 1, 2018, Panorama Company kind of obtained 80% of Scann Corporation for $6,400,000.At the time of...

A: 1.Investment in S at December 31,2018= $6,400,000 * 80% + $300,000 * 80%= $5,120,000 + $240,000= ...


Q: Adler Petroleum has actually the complying with capital structure: Bonds$1,500,000Preferred share...

A: 1. Value of Kd =(Yield to maturity * (1 – Tax rate))/(1 – After tax flotation cost)= (10% * (1 – 2...


Q: 7A-1.Which of the following monitorings is the the majority of accurate? a. As interemainder rates increase, the price...

A: Please uncover the answer to the above question below:


Q: Scope limitation results from aninability to collect sufficientproper evidence. *TrueO Fals...

A: Scope limitation:It is a restriction on an audit that is resulted in by the client, concerns past the co...


Q: ABC Co. had actually 600,000 plain shares issued and superior atDecember 31, 2019. Throughout 2020, no addi...

A: Formula:Wages Per Share = ( Net Income - Preferred dividends ) / Total outstanding shares


Q: Al-Morooj Co. has the following sales forecasts for its hipwaders next year:First Quarter11000 un...

A: Sales Income -: Sales Income is the income collected by a firm from its sales of products or the pro...


Q: How to execute this, please define. Thank you.

A: Journal entry: Journal entry is the book of original enattempt wright here initially transactions are recorded in ...


Q: An opinion based in part on the reportof an additional auditor requires a modifiedwording in the standar...

A: Audit is the procedure of checking and verifying the authenticity of financial statements which are pr...


Q: Refer to the earned value table for Project Terrace, for the end of day 6, and answerquestions 6-11...

A: Note: All the quantities are in dollars and also are in hundreds.


Q: just aarranged satisfaand also ascollection valuation. JoeSTAR SCRIPTSBALANCE SHEETNOVEMBER 30, 2015Liabil...

A: NOTE : As per couchsurfingcook.com guidelines, when multiple inquiries are provided then initially question is to be so...


Q: On December 31, 2019, LBC Co. had actually 2,000,000 shares of simple sharesstanding. On January 1, 2020, L...

A: Diluted revenue per share are the reduced fundamental revenue per share after considering the potential ...


Q: Exordinary prudence concept via example.

A: Prudence Concept: According to this idea, a service have to not overstate its revenue or assets and...


Q: Business began via cash 10000

A: Due to the fact that nothing is stated, it is assumed that the need of the question is to state the accou...


Q: 9) Which of the following is true through task based price accounting?A) Activity-based costing ign...

A: Correct option is Cc) The emphasis is on activities that account for a sizable fractivity of indirect co...


Q: Maryland Company type of purchased devices for 2,000,000 on January 1,2020 via a useful life of 5 years a...

A: Depreciation: It describes reduction in the value of an asset over the years because of wear and also tear of...


Q: Cool Company kind of has actually chose to take their company public on January 1, 2014. Cool agency had 1,000 sha...

A: A firm might reobtained its very own shares via buy ago. After reacquisition these shares are recognized...


Q: The account of Masigla Company prepared the complying with bank reconciliation dated June 30 of the curre...

A: Click to view the answer


Q: Beginning inventory, purchases, and also sales for an inventory item are as follows:Sep. 1 Beginning Inv...

A: Using FIFO method, old units are sold first and newer systems are marketed later on.


Q: 13. What is Transaction? Explain different forms of transactions in company.

A: Accounting describes the procedure of recording, summarizing, interpretation and interacting the fin...


Q: Hi Mohamed as soon as you submit this formm, the owner will have the ability to view your name and also email address. 1....

A: We’ll answer the second question considering that the offering price of first question is not mentioned. Please ...


Q: Multiple ChoiceA, B, and also C made a decision to liquidate their partnership. Non-cash assets were sold for $1...

A: A, B and also C are partners sharing profit proportion = 20%, 30% and 50% respectively.They decided to liquid...


Q: Centauri Corp. has actually profit margin of 12.5%, full assets of $480 million, complete debt of $230 million,...

A: In the offered problem profit margin is 12.5% . It is constantly on Sales. Sales is $ 4...


Q: using spare 'capacity in respect of which the complying with information is given:MaterialsRequirements...

A: Relevant price plays an important function in decision making for an firm. All variable price are not alwa...


Q: Chris company: balance per financial institution statement, november 30, 3,600,000; deposit in transit, 800,000; outs...

A: The bank reconciliation statement is a statement that reconciles the company organization's financial institution ac...


Q: On December 31, 2019, LBC Co. had actually 2,000,000 shares of simple sharesstanding. On January 1, 2020, L...

A: Keep in mind - Here the plain shares standing on 31 December 2019 have to be 200,000 rather 2,000,000 oth...


Q: What are the important essential points of earnings taxes PAS 12?

A: Income taxation is the taxes levied by the state and also central federal government on the earnings generated by the indi...


Q: b). Financial sectors and also its institutions are viewed as the central nervous mechanism of an economic climate and also ...

A: ‘’Due to the fact that you have asked multiple questions, we will certainly settle the initially question for you. If you want any...


Q: 17 - Which of the statements given listed below concerning the balance sheet is incorrect?A) The balance she...

A: Balance Sheet: It is just one of the financial statements which shows balances of company's assets and also li...


Q: Al-Morooj Co. has the following sales forecasts for its hipwaders next year:First Quarter11000 un...

A: Sales:- A sale is identified as the transaction in between the buyer or seller, in which goods and company...


Q: How much combined tax (in $) must be withorganized from the payexamine of a solitary employee earning $3,27...

A: Payroll tax:Amount of taxation withorganized by the employer from the employee’s salary is recognized as payroll t...


Q: Is it true ?

A: Variable expense means the price which differ with the level of output and also resolved price suggests the price which...


Q: QUESTION 4Calculate the modified B/C proportion for the adhering to cash flow approximates of a public projec...

A: B/C proportion is one of the techniques of project or investment plan testimonial to asparticular whether to ...

See more: 11) Which Of The Following Best Describes Crm? Definition Of Crm


15) Which of the following statements is true of ABC systems?A) ABC devices are time-moved price units.B) ABC systems classify some straight prices as indirect costs and also some instraight costs as straight expenses.C) ABC systems provide useful indevelopment to managers beyond precise product prices.D) ABC systems assume all costs are variable costs.