Financial Accounting

31) Total direct materials and direct labor of a Bloomberg company total $8,000,

31) Total direct materials and direct labor of a Bloomberg company total $8,000,000. If manufacturing overhead is $4,000,000, what is total manufacturing cost? a. $4,000,000 b. $8…

31, 2016: of 150 70 (100) 90 140 (100) 50 (100) 26 $ 3,900 31 2,170 1/24Purchase

31, 2016: of 150 70 (100) 90 140 (100) 50 (100) 26 $ 3,900 31 2,170 1/24Purchase 2/22 Sale 3/7 Purchase 4/10 Purchase 6/11 Sale 9/28 Purchase 12/4 Sale 3,600 5,460 37 1,50 a. Assu…

31-Dec 2009 2010 Cash $42,000 $63,000 Accounts receivable (net) 84,000 151,200 I

31-Dec 2009 2010 Cash $42,000 $63,000 Accounts receivable (net) 84,000 151,200 Inventory 168,000 201,600 Land 58,800 21,000 Equipment 504,000 789,600 TOTAL $856,800 $1,226,400 Acc…

31. 10/31 unrecorded salaries for the end ofthe month (Wednesday) is $240 32. th

   31. 10/31 unrecorded salaries for the end ofthe month (Wednesday) is $240 32.       the following are the end ofmonth balances for a partial trial balance on 11/30, preparethe …

31. A company\'s income statement showed the following: net income, $133,000 and

31. A company's income statement showed the following: net income, $133,000 and depreciation expense, $32,700. An examination of the company's current assets and current liabiliti…

31. An unsecured bond is the same as a a. debenture bond. b. zero coupon bond. c

31. An unsecured bond is the same as a a. debenture bond. b. zero coupon bond. c. term bond. d. bond indenture. 32. A legal document that indicates the name of the issuer, the fac…

31. As a result of taking a physical inventory count on December 31, 2004, the C

31.       As a result of taking a physical inventory count on December 31, 2004, the Chuckles Company inventory was determined to be $82,500. The auditors for Chuckles suspected a…

31. Assume for 2013 that Don made one transfer involving his grandson as follows

31.            Assume for 2013 that Don made one transfer involving his grandson as follows:  Don opened a joint checking account with his grandson, with right of survivorship, fo…

31. Assume the following facts about a Nevada property and calculate the total t

31. Assume the following facts about a Nevada property and calculate the total taxable income (after computing depreciation) and tax in each of the following circumstances, includ…

31. Assuming Lincoln Company can parchase 5,000 units of the part from Erickson

31. Assuming Lincoln Company can parchase 5,000 units of the part from Erickson Company for $15 each, and the facilities currently used to make the part could be rented out to ano…

31. Based on the above data, what is the amount of quick assets? a. $195,000 b.

31. Based on the above data, what is the amount of quick assets? a. $195,000 b. $163,000 c. $56,000 d. $121,000 32. A corporation has 50,000 shares of $25 par value stock outstand…

31. Bellisimo Industries\' material handling costs and tons of material over a s

31. Bellisimo Industries' material handling costs and tons of material over a six-month period follow: Tons of Material Material Handling Cost January February March April May Jun…

31. During 2014, Thomas Corporation repurchased some shares of its own common st

31. During 2014, Thomas Corporation repurchased some shares of its own common stock. What effect did this transaction have on 2014 stockholders' equity and earnings per share, res…

31. F ollowing is a partial process cost summary for Mitchell Direct Mate Equiva

31. F ollowing is a partial process cost summary for Mitchell Direct Mate Equivalent Units of Preduction Units Completed and transferred out nits in Ending Work in Process: Direct…

31. Flow Company has provided the following information for the year ended Decem

31. Flow Company has provided the following information for the year ended December 31, 2016: Cash paid for interest, $20,500 . Cash paid for dividends, $6,100 Cash dividends rece…

31. Garage Specialty Corporation manufactures joint products P and Q. During a r

31.   Garage Specialty Corporation manufactures joint products P and Q. During a recent period, joint costs amounted to $105,000 in the production of 46,000 gallons of P and 81,00…

31. Hampton Co. took a physical count of its inventory on December 31. In additi

31. Hampton Co. took a physical count of its inventory on December 31. In addition, it had to decide whether or not the following items should be added to this count. (10 points) …

31. Harley Davidson sells motorcycle X and Y. Motorcycle X sells for $10,000, ha

31. Harley Davidson sells motorcycle X and Y. Motorcycle X sells for $10,000, has variable cost (labor and material) of $2,000, and requires 10 hours of use of machinery to produc…

31. Houseal Corporation has provided the following data from its activity-based

31. Houseal Corporation has provided the following data from its activity-based costing system: Data concerning one of the company's products, Product W58B, appear below: Accordin…

31. Huge, Inc. has many divisions that are evaluated on the basis of ROI. One di

31. Huge, Inc. has many divisions that are evaluated on the basis of ROI. One division, Alpha, makes boxes. A second division, Beta, makes candy and needs 50,000 boxes per year. A…

31. If Lantz Company issues 5,000 shares of $5 par value common stock for $210,0

31. If Lantz Company issues 5,000 shares of $5 par value common stock for $210,000, the a A) Common Stock will be credited for $25,000. B) Paid-in Capital in Excess of Par Value w…

31. In August 2011, Netflix announced significant changes to its pricing plans.

31. In August 2011, Netflix announced significant changes to its pricing plans. The new plans separate DVD-only subscriptions and streaming-only subscriptions, with each basic pla…

31. In the removal of lead-based paint to prevent a child from eating the paint,

31. In the removal of lead-based paint to prevent a child from eating the paint, which one of the following statements is correct regarding the costs being deductible as a medical…

31. Kimbeth Manufacturing uses process costing to control costs in the manufactu

31. Kimbeth Manufacturing uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for No…

31. Last year, Paris Inc.\'s variable costing net operating income was $97,000.

31. Last year, Paris Inc.'s variable costing net operating income was $97,000. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $14,…

31. Leslie trades a piece of real estate worth $200,000 that he bought several y

31. Leslie trades a piece of real estate worth $200,000 that he bought several years agp for $10,000. He receives land in Florida worth $185,000 and $15,000 in cash. Both pieces o…

31. Lessee accounting- capital lease. Eubank Company, as lessee, enters into a l

31. Lessee accounting- capital lease. Eubank Company, as lessee, enters into a lease agreement on July 1, 2018, for equipment. The following data are relevant to the lease agreeme…

31. On November 4, 2009, Blue Company acquired an asset (27.5-year residential r

31. On November 4, 2009, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business. In 2009 and 2010, respectively, Blue took $642 …

31. On November 4, 2009, Blue Company acquired an asset (27.5-year residential r

31. On November 4, 2009, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business. In 2009 and 2010, respectively, Blue took $642 …

31. Operating Activities Section Using the Indirect Method. The following income

31. Operating Activities Section Using the Indirect Method. The following income statement and current sections of the balance sheet are for Polson, Inc. Polson, Inc. Income State…

31. PRODUCT COST SCHEDULE Prepare a cost schedule for Austin Company for Product

31. PRODUCT COST SCHEDULE Prepare a cost schedule for Austin Company for Product X and Product Y using the following layout: (Input Area) Product X Product Y Total Units DM Cost/U…

31. Received the following data on the monthly payroll from the payroll clerk: D

31. Received the following data on the monthly payroll from the payroll clerk: Direct labor (already recorded) .. $46,034.00 New payroll data (to be recorded): Factory: Indirect -…

31. Select one: a. $5,500 less than if the company bought the part b. $5,500 gre

31. Select one: a. $5,500 less than if the company bought the part b. $5,500 greater than if the company bought the part c. 9,500 greater than if the company bought the part d. $1…

31. The U.S. gross domestic product is equal to the total market value of all: a

31. The U.S. gross domestic product is equal to the total market value of all: a. final goods and services produced by resources in the United States. b. intermediate goods and se…

31. The operations of Hart Corporation are divided into the Will Division and th

31. The operations of Hart Corporation are divided into the Will Division and the Aloy Division. Projections for the next year are as follows: Will $560,000 $364,000 $196,000 Aloy…

31. Weighted average shares outstanding On January 1, 2017, Warren Corporation h

31. Weighted average shares outstanding On January 1, 2017, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new sha…

31. Weighted average shares outstanding. On January 1, 2017, Warren Corporation

31. Weighted average shares outstanding. On January 1, 2017, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new sh…

31. Which of the follow disappearing corporation for cash? ing refers to a merge

31. Which of the follow disappearing corporation for cash? ing refers to a merger in which some shareholders are required to surrender their shares in the a. Illegal merger b. Ter…

31. Which of the following budgets allow for adjustments in activity levels? a.

31. Which of the following budgets allow for adjustments in activity levels? a. static budget b. continuous budget c. zero-based budget d. flexible budget 32. Interest revenue on …

31. Which of the following companies would be more likely to use the specific id

31. Which of the following companies would be more likely to use the specific identification inventory costing method? a Gordon's Jewelers b. Lowe's c. Best Buy d. Wal-Mart The in…

31. Which of the folow ing is not considered when preparing the cost of gooxds h

31. Which of the folow ing is not considered when preparing the cost of gooxds h Bledigeted dollar value of finished goods inventory at the end of the pervod d. Budgeted dollar va…

31. Willingham, Inc., an accrual basis C corporation, reports pretax book income

31. Willingham, Inc., an accrual basis C corporation, reports pretax book incomeof $1.6 million. At the beginning of the tax year, Willingham reported nodeferred tax accounts on i…

31. and leases would an In which of the following TOB on intangible assets, natu

31. and leases would an In which of the following TOB on intangible assets, natural resources, auditor ordinarily rely on the work of a specialist? a. When an auditor wants to det…

31.) Newport Corp is considering the purchase of a new piece of equipment. The c

31.) Newport Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $423,440. The equ…

310018 Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budg

310018 Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other…

312 3 The following balances 2015 were extracted from Polygon Sdn Bhd for the ye

312 3 The following balances 2015 were extracted from Polygon Sdn Bhd for the year ended 31 December RM Purchases of raw materials 110,000 1,000 11,000 10,000 80,000 4,200 750 5,0…

317 er atlocation CEX.07.01.ALGO (A Calculati and Fixed costs (salaries, tools):

317 er atlocation CEX.07.01.ALGO (A Calculati and Fixed costs (salaries, tools):67,800 per ear Variable costs (supplies): $1.30 per maintenance hour Estimated usage by tools mbi F…

31A. Zheng invested $180,000 and Murray invested $280,000 in a partnership. They

31A. Zheng invested $180,000 and Murray invested $280,000 in a partnership. They agreed to share incomes and losses by allowing a $80,000 per year salary allowance to Zheng and a …

31a) Marcus (ssn 397-73-8399) and Debra Cross own three homes. Information regar

31a) Marcus (ssn 397-73-8399) and Debra Cross own three homes. Information regarding the amount of acquisition indebtedness, as well as interest and taxes paid on each home during…

31· 3.03 points Assume tat on January 1, 2016, Matsui Co. paid $3.571,200 for it

31· 3.03 points Assume tat on January 1, 2016, Matsui Co. paid $3.571,200 for its investment in 115,200 shares of Yankee Inc. Further, assume that Yankee has 320,000 total shares …