These investments are initially recorded at purchase price plus transaction costs

Q: You just inherited some money, and a broker offers to sell you an annuity that pays $5,000 at the…

A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: Problem 2. During liquidation, the Partnership of Pateno, Bautista and Apalisoc became insolvent. On…

A: At the time of liquidation of a partner due to insolvency, deficiency arising must be borne by…

Q: On Jan. 1, Town Company purchased for P5,400,000, including appraiser fee of P50,000, a warehouse…

A: When group of assets are acquired at an single consideration then total purchase Value is your…

Q: When reclassification is made from owner-occupied property to investment property that will be…

A: Any reclassification from owner-occupied property to investment property would be dealt with as per…

Q: The Central Division of Burlington Company reported the following operating data for the past year:…

A: Residual income: Residual income means the excess of income earned over the desired income. Desired…

Q: Alex, Inc., buys 30 percent of Steinbart Company on January 1, 2020, for $762,000. The equity method…

A: Introduction: Money earned from stock dividends is referred to as equity income. A dividend is…

Q: 4. Company IR currently uses variable costing in presenting its income statement. In March 2020, the…

A: The variable costing system assunes only variable cost to be included in the product cost.

Q: Which of the following is not a characteristics of an investment property?     a. land and/or…

A: Investment Property are accounted as per the guidance provided under IAS 40, Investment Property.

Q: On Feb. 5, 20x2, an employee filed a P 2,000,000 lawsuit against Steel Co. for damages suffered when…

A: The law suit damages must be accrued as a loss contingency because an unfavorable outcome is…

Q: The Central Division of Burlington Company reported the following operating data for the past year…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub- parts for…

Q: What is the adjusted net income for 2019?

A: 2019 Reported Net Income  $ 4,00,000.00 Adjustments:   a. Failed to record Accrued Expense…

Q: Write down the main ideas of Adam Smith, and identify the similarities and differences with…

A: Adam Smith is considered as a father of economics most of the theory that are given and relevant…

Q: Consider “segregation of duties.” Why it is important in an IT environment. What are some advantages…

A: segregation of duties means that no single person should be solely accountable for certain business…

Q: On 1 January 20X3, XYZ bought a $200,000 5% bond at nominal value. Interest is received in arrears.…

A: Bonds are amortized in the books of accounts by the difference between the interest expense and…

Q: I. legal cost of acquiring the patent II. operational loss during start-up period III. massive…

A: Intangible assets are those assets which brings economic benefits to it's owners and does not have…

Q: On January 1, 2020, Cee Company issued bonds with the face amount of P 10,000,000, 8% serial bonds…

A: Carrying amount of bonds payable on Dec. 31, 2021 will be Carrying value of bonds payable on January…

Q: Notre Company transfers a product from division N to division R. Variable cost of this product is…

A: A transfer price is based on market prices in charging another division, subsidiary, or holding…

Q: Q1: Calculate (PW) for annual payments (900$/year) if the first payment will deposit at the present…

A: PW is the present worth. The person is investing 900$ annually at the beginning of the year. The…

Q: what recent development in FP&A, if any, can significantly help companies deal with a black swan…

A: The answer for the theory question on the development in FP&A that helps companies in dealing…

Q: *see attached What is the compensation expense for 2021? a. 120,000 b. 240,000 c. 200,000 d.…

A: Share option means where the employees is given share free of cost or at very nominal value if the…

Q: Partner A first contributed P50,000 of capital into an existing partnership on March 1, 2021. On…

A: Partnership means the two or more person of the agreement of buiness firm and  profit and loss…

Q: When using internal rate of return for project evaluation, you can meet the following problems: A)No…

A: The following Statements are not true: "No solution or more than one solution"  as IRR gives one…

Q: An entity accounted for land using the revaluation model. On October 1,2020, the entity classified a…

A: Impairment loss is the permanent diminution in the value of asset. it shows the decrease in the fair…

Q: The maturity date of a note receivable: Multiple Choice O Is the day of the credit sale.

A: Notes receivable represents promise to receive certain amount promised by issuer on a specific date.…

Q: What is the package contribution margin? HINT: this is a dollar value so please round to the nearest…

A: The contribution margin has been calculated by taking the data of both products A & B since…

Q: McDo Co. reported the following amounts in the shareholders’ equity section of its  December 31,…

A:

Q: Resale va to be in ather a. Using benefit-cost ratio analysis and and 8% MARR, determine which…

A: For IRR, assumption of rate of return @ 6% & 10% is taken. And then interpolation is used to…

Q: White Company leased a building on Jan. 1 with the following information P 1,000,000 Fixed annual…

A: Lease liability is initially determined at the present value of lease payments not paid at the…

Q: Apex Fitness Club uses straight-line depreciation for a machine costing $30,450, with an estimated…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: 5. MCQ Manufacturing Company produced and sold 200,000 units of Product J-45Z in January…

A: Total production cost: Total production cost means total manufacturing costs; including all direct…

Q: l manager informs the American executive that the child is an orphan with no other means of support;…

A: Cultural Relativist  Cultural relativism stands for not judging society, situations, and things with…

Q: Noora Company manufactures quality hair care product. The ingredients are combined in the mixing…

A: Overhead is the indirect cost involved in the production process of the company. It would be…

Q: In the month of October, a firm had total cash receipts of P50,000, total cash disbursements of…

A: To calculate the ending cash balance before acquiring financing, we need to add the cash receipts to…

Q: A piece of equipment costs ₱378,000 including shipping, installation and taxes. The supplier assures…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: Jhonson Co. provided the following information regarding an automobile; Acquisition date April 1,…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub-parts for…

Q: llowing additional information is available. (1) Property, plant and equipment Accumulated Carrying…

A: Earning per share:  It is the most important ratio as it measures the profitability of a firm from…

Q: On Oct. 1, 2020, Shaw Company purchased a machine for P1,260,000 that was placed in service on Nov.…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: Use Declining Balance Method An asset for drilling was purchased and placed in service by a…

A: Depreciation refers to the allocation of cost over the expected life of the assets and in short, it…

Q: A. Calculate the cash conversion cycle before the lockbox system B. Calculate the cash conversion…

A: Cash conversion cycle is the period of time within which the company can convert its resources into…

Q: Culver Company produces a product in two departments: (1) Mixing and (2) Finishing. The company uses…

A: Process costing is used when the products produced are of the similar manner and passes through…

Q: Cost Journal Entries Bellingham Company produced 6,000 units that require six standard pounds per…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: w material purchases of $29,80 7,700 of raw material was on han

A: Raw material used during the month is the  raw materials available less the raw material in hand at…

Q: Zeroooo Company had the following portfolio of equity investment at fair value thro comprehensive…

A: Investments are recorded at the cost but are adjusted at fair value at the end of each subsequent…

Q: Noora Company manufactures quality hair care product . The ingredients are combine in the mixing…

A: Unit cost means the cost incurred to produce one unit of output. Material means the raw material…

Q: The following selected accounts and their current balances appear in the ledger of Kanpur Co. for…

A: Balance Sheet - Balance Sheet is the statement that is prepared at the end of the accounting period.…

Q: In defamation law,

A: Defamation, a term in law, refers to the act of communicating something false to a third party about…

Q: Inputs to the entire order-to-cash process (revenue cycle) normally could include all of the…

A: Revenue cycle is the process by which the company records the selling of goods and service to the…

Q: One of the essential characteristics of an intangible asset    a. has physical substance b. subject…

A: Intangible assets are those assets which brings economic benefits to it's owners and does not have…

Q: Explain potential misstatements - cash receipt and the description of of misstatements. The…

A: Frauds and errors with cash possible in many ways by the employees dealing with it and is a highly…

Q: PT Silver King uses a revaluation model for one class of equipment it uses for its gold cane…

A: Here discuss about of the valuation of equipment using cost model and revaluation model as well.…

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.