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Accounting Questions and Answers (Q&A)

Christian Jackson, Content Developer
Answered: Feb 13, 2019
The correct answer to this question is A. The objective of present value measurements is to estimate fair value by distinguishing the economic differences between sets of future cash flows that...Read More

2 Answers

242 views
Christian Jackson, Content Developer
Answered: Aug 07, 2018
The previous answer says that the entire inventory should be increased, or debited, by $3,500. However, it almost makes more sense to debit the entire inventory by $4,000, since that is the...Read More

2 Answers

201 views
John Smith
Answered: Feb 27, 2020

1. Due and to be paid out of current assets within one year.

2 Answers

201 views
John Smith
Answered: Feb 27, 2020
If the entity can demonstrate all of 6 key criteria then it can can show the cost as an Intangible fixed asset on the balance sheet

2 Answers

202 views
John Adney
Answered: Feb 28, 2017
When the purchaser return goods to the seller that's Debit note not credit notes.

2 Answers

201 views
W. Pratt, Marketing Analyst
Answered: Feb 28, 2019
The answer to this is to allocate some manufacturing overhead to each individual job. This is important because this will make sure that the process will be smooth sailing. There may be different...Read More

2 Answers

225 views
Louisrollo
Answered: Feb 21, 2020

$600; prepaid insurance and insurance expense.

2 Answers

205 views
Bergeront Tiffney, Computer Engineer
Answered: May 02, 2019
The answer to this is B. The monthly fixed fee is $90 but because of the additional copies that need to be made, the extras will be charged for every copy. This means that for the month of...Read More

2 Answers

256 views
H. callum, Content Writer
Answered: May 10, 2019
Accounting is a practice of measuring and organizing information and data for a business or company. An accountant usually does it. The primary summary device of accounting is the account itself....Read More

2 Answers

267 views
Ali
Answered: Jan 11, 2017
The answers is 65000-3000/5= 62000/5=12400 every year so the question is calculate two year so 124002= 24800

2 Answers

215 views
John Smith
Answered: Feb 27, 2020
$450,000

The Section 179 deduction is limited to $500,000 in 2011 or $450,000 in this case. It is reduced to the extent that acquisitions of eligible personal property exceed $2,000,000.

2 Answers

201 views
F.Brian
Answered: Jan 19, 2018
The main benefit of the perpetual inventory system is that it provides a continuous record of the inventory on hand. Accounting, also referred to as accountancy is a study which deals with the...Read More

2 Answers

202 views
Kelebeletsoe
Answered: Nov 05, 2017

Capital because I think that there is no difference between capital and owner's equity

2 Answers

204 views

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