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


Q: Mervon agency has two operating departments: Mixing and also Bottling. Mixing occupies 28,795 square fee...

A: SOLUTION-CALCULATION the % the ALLOCATION -FOR department 1=(SQUARE FEET OF room 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 lot of cash together per the instructions.HERE COME THE CLOWNS! is the name of a trave...

A: Balance sheet is the summary showing the totals that the legacy or resources and totals the obligations...


Q: Cool company has decided to take their firm public top top January 1, 2014. Cool company had 1,000 sha...

A: When company issues share to public, it have the right to do so in ~ par value, an ext than par worth or much less than pa...


Q: Assume the you have actually finished her MBA program and also have used for a position in the FinancialAccou...

A: Financial accountancy -:Financial bookkeeping is the procedure that documenting, outlining, and also reportin...


Q: Discuss exactly how benefits of insurance has actually sustained the insurance industry to date

A: Insurance is an plan under i beg your pardon a human being or firm receives financial security or reimbursem...


Q: ProblemThe food division of domino's food reflects the adhering to results for the year ended31st march...

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


Q: GMA Co. Had 900,000 plain shares issued and also outstanding atDecember 31, 2019. ~ above July 1, 2020 one a...

A: Diluted EPS is calculation by considering every the convertible options available during the period.


Q: At the end of 2019, its an initial year that operations, Beattie company 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 city reports the following balances, related to 2019 taxes:Property ta...

A: Tax is the part of one’s income provided to federal government for working within the territory of the country.


Q: Explain the prudence principle with example

A: Prudence concept- together per this concept, businesses need to recognize all the future suspect future...


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

A: (1) 


Q: Winter company received quote from two entities for an object of merchandise as follows:From Com...

A: Trade discount and also cash discount space two different types of discount offered by seller come the buyer....


Q: The audit records because that Miller Fixtures report the complying with production costs for the past year:...

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


Q: 3 - i beg your pardon of the following is no a self-employment voucher?A) ACCOUNTANTB) HAIRDRESSERC) DOCTORD) A...

A: Self employed vouchers space the taxation applied on me employed professionals, prevent a couple of exce...


Q: 12. Hat Corp. Has the option of receiving a $5,000 cash payment now or one $18,000 cash payment 7 y...

A: In the provided question, the company has two options: Option 1: receive $ 5,000 today. Therefore, pr...


Q: B. Build T-accounts because that the account titles used with the common balances.

A: Journal entry is a technique to document financial transactions into publications of accounts.


Q: Wasson's classic Cars restore classic automobiles come showroom status. Budgeted data because that the present ...

A: Click to view the answer


Q: On January 1, 2018, Panorama company acquired 80% of Scann Corporation because that $6,400,000.At the moment of...

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


Q: Adler Petroleum has actually the following resources structure: Bonds$1,500,000Preferred share...

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


Q: 7A-1.Which that the adhering to observations is the most accurate? a. As interest rates rise, the price...

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


Q: Scope limitation outcomes from aninability to collection sufficientappropriate evidence. *TrueO Fals...

A: Scope limitation:It is a restriction on an audit the is caused by the client, issues past the co...


Q: ABC Co. Had 600,000 ordinary shares issued and outstanding atDecember 31, 2019. Throughout 2020, no addi...

A: Formula:Earnings per Share = ( Net revenue - desired dividends ) / total outstanding shares


Q: Al-Morooj Co. Has actually the adhering to sales forecasts for its hipwaders following year:First Quarter11000 un...

A: Sales revenue -: Sales income is the income gathered by a firm native its sales of commodities or the pro...


Q: How to execute this, please explain. Give thanks to you.

A: Journal entry: journal entry is the book of initial entry where first transactions are tape-recorded in ...


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

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


Q: Refer come the earned value table for task Terrace, for the finish of day 6, and also answerquestions 6-11...

A: Note: all the quantities are in dollars and are in hundreds.


Q: only aarranged satisfaand legacy valuation. JoeSTAR SCRIPTSBALANCE SHEETNOVEMBER 30, 2015Liabil...

A: NOTE : together per couchsurfingcook.com guidelines, when multiple inquiries are given then very first question is to be so...


Q: On December 31, 2019, LBC Co. Had 2,000,000 share of plain sharesstanding. Top top January 1, 2020, L...

A: Diluted income per share space the reduced simple earnings per share after ~ considering the potential ...


Q: Explain prudence principle with example.

A: Prudence Concept: According come this concept, a service must no overstate the revenue or legacy and...


Q: Business started with cash 10000

A: Since nothing is mentioned, the is assumed that the need of the question is to state the accou...


Q: 9) which of the following is true with task based expense accounting?A) Activity-based costing ign...

A: Correct choice is Cc) The emphasis is on activities that account because that a sizable fraction of indirect co...


Q: Maryland agency purchased equipment for 2,000,000 top top January 1,2020 with a valuable life of 5 year a...

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


Q: Cool firm has determined to take it their agency public top top January 1, 2014. Cool firm had 1,000 sha...

A: A agency may reacquired its own shares with buy back. ~ reacquisition these shares are known...


Q: The account the Masigla firm prepared the following financial institution reconciliation dated June 30 the the curre...

A: Click to watch the answer


Q: Beginning inventory, purchases, and sales because that an perform item are as follows:Sep. 1 beginning Inv...

A: Using FIFO method, old units room sold first and newer units are sold later.


Q: 13. What is Transaction? describe different varieties of transactions in business.

A: Accounting refers to the procedure of recording, summarizing, interpretation and communicating the fin...


Q: Hi Mohamed when you submit this formm, the owner will be able to see your name and email address. 1....

A: We’ll prize the second question because the offering price of first question is not specified. Please ...


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

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


Q: Centauri Corp. Has actually profit margin that 12.5%, complete assets that $480 million, complete debt the $230 million,...

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


Q: using preventive 'capacity in respect of i m sorry the adhering to information is given:MaterialsRequirements...

A: Relevant cost plays vital role in decision making because that an firm. All variable price are not alwa...


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

A: The financial institution reconciliation declare is a statement the reconciles the service organization's financial institution ac...


Q: On December 31, 2019, LBC Co. Had 2,000,000 share of simple sharesstanding. On January 1, 2020, L...

A: Note - right here the ordinary shares stand on 31 December 2019 should be 200,000 rather 2,000,000 oth...


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

A: Income tax is the tax levied by the state and central government ~ above the income created by the indi...


Q: b). Financial markets and also its establishments are seen as the central nervous mechanism of an economy and ...

A: ‘’Since you have actually asked multiple questions, we will deal with the first question because that you. If you want any...


Q: 17 - i beg your pardon of the statements given below regarding the balance sheet is incorrect?A) The balance she...

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


Q: Al-Morooj Co. Has the complying with sales forecasts because that its hipwaders following year:First Quarter11000 un...

A: Sales:- A sale is identified as the transaction between the buyer or seller, in i beg your pardon goods and service...


Q: How much an unified tax (in $) have to be withheld from the paycheck the a single employee earning $3,27...

A: Payroll tax:Amount of taxes withheld by the employee from the employee’s value is well-known as payroll t...


Q: Is it true ?

A: Variable cost way the expense which vary v the level the output and fixed cost means the expense which...


Q: QUESTION 4Calculate the modified B/C proportion for the complying with cash flow estimates of a windy projec...

A: B/C ratio is just one of the techniques of task or investment plan evaluation to ascertain whether to ...

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


15) which of the adhering to statements is true of abc systems?A) abc systems are time-driven price systems.B) ABC systems classify part direct costs as indirect costs and also some indirect costs as direct costs.C) ABC equipment provide beneficial information to managers past accurate product costs.D) ABC solution assume all expenses are change costs.