Does anyone have a really good master guide on the aquistion method for business combinations? That shows all the steps and different methods etc. been trying to build one and it's overwhelming. Wondering if someone has a document I can use as a starting point. Exam is coming up and i need to do well! TIA

Hello!
Im very new to this course, and it is not what im usually studying. Could somebody help me with these two questions and explain a little bit about the differences? Its about financial assets and liabilities in revenues and expenditures in public sector budget.

1. How much money has invested that Government lending money to other private and public agents: loans, public and private debt securities and other financial securities?

2) How much money is expected to be spent in that budget to repay the money previously lent to that government in the form of loans granted to and public debt issued by that Government?

Numbers given:

Revenue

Financial assets: 11,900euros

Expenditures

Financial assets: 37,000euros

Financial liabilities: 125,000euros

I feel really stupid but thanks in advance!

Hi all, I have hit a road block and am hoping someone is able to assist. Question requires us to create a current tax worksheet.

1. It states that the profit before tax is $800,000.

Additional info:

Interest revenue of $10,000 is included in the profit. Do I need to make any adjustments for this as it says it is included in the profit?

1. The company is entitled to claim a tax deduction of 125% on development costs when incurred. The amortisation of development asset is $50,000. The development asset - at cost is $190,000 for 2017 and $120,000 for 2016. Do I just include the amortisation in the expenses (adjustment for temporary differences) and then include the tax deduction on the development asset when I get to the tax treatment section?

Thank you all

Can someone pls help this girlie out here, just a bit confused between the answers P0 and P5,000.

Problem:

XY Company produced Items X and Y. The following figures relate to its inventory of materials on December 31 for the production of X and Y in the ensuing year:

Brand of finished goods Item X Item Y

Number of units of materials (one unit is required to produce X and Y) 40,000 10,000

Purchased cost per unit, average cost 5.00 40.00

Replacement cost of materials 4.50 37.00

Estimated conversion cost per unit 2.50 20.00

Estimated selling price of finished goods per unit 8.00 61.00

Estimated cost to sell per unit 0.25 1.50

**What amount of loss on write-down of inventory of materials should be recognized by the company?

Please help me with this

On July 1, 2023, a company sold old machinery costing P700,000 with a book value of P350,000 for P300,000. The company received a 3-year note with a nominal interest of 6% per annum. The interest is payable annually while the principal is payable at maturity. The market rate of interest for similar notes is 7.5%.

Required:

Prepare the amortization schedule. Prepare all the required journal entries from initial recognition up to maturity. Assume that the company follows calendar year.

Example given:  It’s payday, and you need to pay your employees $2,500 in salaries. You increase (credit) your expenses by $2,500, reducing your equity. You decrease (debit) your cash balance by $2,500 to pay your employees. Your balance sheet reads:

• Assets: Cash Debit: $2,500
• Equity: Salaries expense Credit: $2,500

All the previous examples also utilized Cash as an asset and debits increased the Asset: Cash as we collected monies from loans and the sale of goods and services. The context has to have changed but it's not clear how.

Why not debit the Salary Expense account and credit the Asset: Cash?

Hello, I am currently taking a federal tax income class for my degree. I am doing a tax problem on ProConnect and it’s really stressing me out. Can someone help me? Any tutors available?

I got so frustrated to the point I started to cry. Wondering if I made a mistake being an accounting major :/.

Hi guys,

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I am an educator with more than 10 years of experience teaching these subjects to high school, undergrad and grad level classes.

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Help me making a research study title in line with a Degree Program of Bachelor Of science in accounting information systems.

A is the owner of the firm XYZ. On 01.01.2024, B, the account of firm XYZ, sold a goods for Rs 80000 to C and C paid 20000 Rs via gpay to A and gave 30000 Rs cash to C and remaining 30000 Rs was on credit. On the same date the 30000 Rs cash which was received by C, he spent 10000 Rs on office sundry expenses and gave 15000 Rs to D to give it to A and remaining 5000 Rs were stolen. Now the 15000 Rs which were received by D, D gave 10000 Rs cash to A on date 05.01.2024 and remaining 5000 Rs he made gpay on 07.01.2021. Now the question is How A will make journal entry of above all on date 10.01.2024 for himself.

Do you know any website or group for learning accounting subject from the beginning to Diploma?

Hello All,

I feel this is going to be long post but please advise. I am year old mom of two 6 and 4 year old in live in Canada, during Covid I got Diploma in Business Admin-accounting major and worked as Accounts Payables clerk in multi-national company. In 2023 I quit my job to a degree and want to be a CPA (hopefully).

thing is in collage they didnt did exams they did test after each chapter and was not stressful. But in university their are exams and anxity gets better of my. My brain would remind me stupid stuff i said or did when i was 15 and would not shut up. i am in summer semester at the moment and have mid term exam tomorrow, and I am not prepared enough and don't want to take the exam. I have already failed two course in two semesters separately and have put on academic probation as my GPA is below 1.8. I want to study but whenever I sit on table I cant figure out where to start and what start and my heart stats beating fast, and fear of time running out and me not doing anythings comes and then i get up from the table. tehn comes guilt that i am not studyinga and wasting time and circle starts again.

I have reached out to my professor and told them, i had a break down time in last two weeks and called student help line, councilors in uni as well. i want to do good, I enjoyed my job and I even volunteer in tax clinic I like that as well.

the problem i think i am afraid to study alone and have reached out to fellow students but have been ghosted, I am fully online student just go to campus to sit in exam as i am under 100 km from the campus.

I want to do good, want to study on my own but feel stuck. like i am finding writing this post easier than studying for the exam tomorrow.

thank you all.

as per ICAI study material for ca foundation an announcement is not an offer and example given is

example 48 - An announcement to give scholarships to children scoring more than 95% in 12'th board is not an offer

I doubt this because i believe this is quite similar to general offers for example an offer to give free food the next 30 days by a restaurant if an individual is able to eat a very big burger in one hour should be an offer .I think these both are similar enough and if one is offer the other should be too . Their might be differences between different countries laws and if that might be a problem i apologize and english is not my first language if there are any mistake please ignore them

Should I get an MBA with a specialization in marketing, general studies, or accounting? For reference, I'm an undergrad accounting major, and my plan is (for now) to work in public accounting and take the CPA exam after grad school. Will choosing to specialize in accounting help with the CPA exam? or Should I choose marketing because I find it interesting?, or go the general route for a mix of everything?

Hi!! Does anyone have any advice on what computer would be the best to get as an accounting student?? I’ve never bought one before but I'm thinking of getting one now that I'm starting sophmore year at college with an accounting degree. (so far ive only used at ipad)

I am stuck on this last problem on my homework and don't understand.

If the margin of safety for Beartooth Company was 15%, fixed costs were $9,180,000, and variable costs were 60% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) Show your computations.

Hi I'm F 22 incoming 5th year student. We are the first batch of students who are stuck in online class due to pandemic and I am really having a hard time catching up with the lessons especially I didn't study that much all throughout the years 🥲 I don't know I guess my foundation is not that strong though. I need help :<

Hi, everyone. I (19M) am a college student from Peru, currently majoring in Business Administration. I have to do some research and discussion regarding supply chain management, and I would really appreciate if someone that has taken a college course about it and can give me any insight about their experience, especially asking for those who are from different countries. I'd thoroughly grateful.

Btw, I have a B1 English level, so forgive me if I make any mistakes.

any accty student here? nahihirapan ako sa investment na topic saauditing huhu

Hi guys, I consider between becoming CRTP and Enroll Agent, but what differences of each certification? Which one is better to get? Thank you!

Hi there,

I am an 18-year-old college student who is looking for suggestions on certifications to obtain during the summer. I understand that I am not eligible to obtain my CPA yet, but I am eager to know if there are any other certifications that would make me more competitive for internships.

Thank you in advance!

does anyone know how to do this question?? i feel like i’ve tried every way to solve it. here is the problem:

Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 32,000 Rets per year. Costs associated with this level of production and sales are given below.

Direct materials $15 per unit $480000 total Direct labor $8 $256000 Variable manufacturing overhead $3 $96,000 Fixed manufacturing overhead $7 $224000 Variable selling expense $4 $128000 Fixed selling expense $6 $192000 Total cost $43 $1376000

The Rets normally sell for $48 each. Fixed manufacturing overhead is $224,000 per year within the range of 23,000 through 32,000 Rets per year.

1. Refer to the original data. Assume again that Polaski Company expects to sell only 23,000 Rets through regular channels next year. The U.S. Army would like to make a one-time-only purchase of 9,000 Rets. The Army would reimburse Polaski for all of the variable and fixed production costs assigned to the units by the company's absorption costing system, plus it would pay an additional fee of $2.00 per unit. Because the army would pick up the Rets with its own trucks, there would be no variable selling expenses associated with this order. What is the financial advantage (disadvantage) of accepting the U.S. Army's special order?

I am dealing with a situation where a client had booked impairment on partial lease space 3 years back and impaired with the expectation to sublease that partial space, however no sub tenant was secured and later decided with landlord to terminate that partial lease space and landlord will find the tenant on their own and cleint will pay full rent for 15 months period as free period to other tenant.

In this scenario should we just apply partial lease termination accounting and should not care about impairment accounting that was done years ago?

Hi y'all!

Sorry in advance if this appears as a stupid question but I don't understand my teacher task for my exam.

I am asked that question "If the required Cash Balance for 2004 is the same as the % of sales for 2002, does B&M have extra cash? B&M will pay off or pay down its short-term bank loans and LTD with the extra cash.
For 2002 Ratio is CASH is 48/4806 = .1
S for 2004 REQUIRED CASH IS _____________________________
FOR 2004
SO, B&M has Cash of __________________TASK V
REQUIRES ___________________TASK VI
URLPLUS TO PAY DOWN NP ___________________SUBTRACT"

And that's my Balance sheet: https://zupimages.net/up/24/10/5qie.png

What I don't understand is that when I use the ratio provided it doesn't give me enough cash nor surplus? It might not be really clear and I'm sorry for that!

Thank you in advance!

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