What exactly are ESOPs? What are some of its benefits and drawbacks?
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A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…
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A: Inventory valuation refers to the methods used by the company to determine the value of its…
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A: Revenue recognition principle states that the revenue should be recorded in the same period as the…
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A: Hi student, Since you have posted a question with multiple subparts, we will solve first three…
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A: Vertical Analysis refers to the income statement analysis where all the line items present in the…
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A: Under cash basis accounting, the revenue and expenses are recorded when they are incurred in cash.
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A: The discussion of any information which has not been discussed with their agent related to any…
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A: Non-current assets are those which have a life of more than one year. The current assets are those…
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A: The retail method is used to estimate the cost of inventory using cost to retail percentage.
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A: The cash collection from customers is the amount of cash collected during the period.
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A: Journal Entry: It is the initial phase in the bookkeeping cycle. Business transactions are recorded…
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A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
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A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
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A: Introduction: Gross income is an entity's entire pay before deductions and taxes. Thus, an…
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Q: $1500 is invested semi-annually for 3 years into a fund that pays 6.8% per year, compounded semi-…
A: i= interest Interest = 6.8%*1/2= 3.4%
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A: Answer:- Intangible asset meaning:- An intangible asset is that kind of asset which has no physical…
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A: The balance sheet is one of the financial statements of the business, which represents the financial…
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A: Present worth of the payments is the present value when all the payments which are made during the…
Q: Prepare an income statement and a balance sheet for this company using the information provided.…
A: Current ratio measures the ratio of current assets to current liabilities.
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A: Cost of goods manufactured = ending inventory + cost of goods sold - Beginning inventory
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A: The integrated report aims in providing the insight regarding the relationships as well as resources…
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A: Production Cost: Production Cost is the accumulated cost incurred while producing a product. It…
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A: The land shall be reported in the balance sheet at the original cost. So, the first statement is not…
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A: Financial statements are the summaries showing net and gross losses and profits, assets and…
Q: In 2012, an apartment building was purchased. The building's depreciation was $236,510, and it was…
A: Formula: Gain or loss = Asset cost - Depreciation amount
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A: The accounting equation states that assets equal to sum of liabilities and equity. Assets =…
Q: Question Content Area Based on the following data for the current year, what is the number of days'…
A: Financial ratios are calculated by the management and investors to take several decisions. There are…
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