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Determine the Amount of Goodwill or Bargain Purchase-What is the Journal Entry in the book of Large Corporation?

Accounting Question Assume Large Corporation Invested $ 600,000 for Small Corporation and the estimated Fair Market Values of Assets, Liabilities and Equity Accounts are as follows:           Assets Amount $ Liabilities Amount $ Account Receivable Inventory LT Marketable Securities PP & E 125,000 50,000 55,000 170,000 400,000   Account Payables Retained […]

On October 1, Omar provides catering services to a corporate client and invoices them for SAR 12,000. The payment is not received until November 15. When should Omar recognize the revenue for this transaction under the accrual basis?

Principles of Accounting Assignment Question(s):   (Marks 15) Question 1: (5 Marks) Sarah owns a boutique that sells women’s clothing and accessories. She keeps track of her business transactions using a journal. On March 1, Sarah invested SAR 10,000 cash in her business to start operations. Prepare the journal entry. On March 5, Sarah purchased […]

What is the difference between audit, attestation, and assurance services? And how do the answers provide value to stakeholders?

Acct auditing Assignment Question(s):                                                (Marks 15) IMPORTANT NOTES: Answer in your OWN words, DO NOT COPY from slides, fellow students, or internet sources without proper citation. Q1. What is the difference between […]

Select a listed company of your choice from Muscat Stock Exchange-Write a report of 1000 to 1200 words excluding the cover page and the reference pages.

AUDIT AND ASSURANCE. (Oman arab bank) Select a listed company of your choice from Muscat Stock Exchange. THE COMPANY NAME (Oman arab bank) Download the corporate governance report, annual report, company news and other data (relating to the year 2021) that you require for preparing this report. Write a report of 1000 to 1200 words excluding […]

How many shares of common stock are outstanding?-Assuming there is a stated value, what is the stated value of the common stock?

MAISTYLE CORPORATION Balance Sheet (partial) Stockholders’ equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding $900,000 Common stock, no par; 750,000 shares authorized, 600,000 shares issued 1,800,000 Total paid-in capital 2,700,000 Retained earnings 1,158,000 Total paid-in capital and retained earnings 3,858,000 Less: Treasury stock (8,000 common shares) (32,000) Total stockholders’ […]

Write a brief description of each of the companies in your portfolio (including its sector and major competitors).

Accounting ANALYSIS OF PERFORMANCE Choose THREE companies to form a portfolio of The companies can be diversified across different industries or from a single industry. Before making any selection, based from the fundamental information that you gathered from the search (for example the companies’ earnings, stock price historical performance, dividends, earnings per share (EPS), beta […]

Prepare:-Statement of Comprehensive Income for the year ended 31st March 2022

Financial statement Assignment 2 On 31st March, 2022 the following Trial Balance was extracted from the books of Mr. Ben. Debit Balances Rs Credit Balances Rs. Sundry Debtors 20,100 Capital 28,000 Drawings   3,000 Loan on Mortgage   9,500 Bills receivables   6,882 Rent received   250 Interest on Loan 300 Bill Payable 2,614 Cash […]

Read the articles below and write an informative 2-page essay about the potential risks associated with spreadsheets

Numerical Analysis Accountant Information sys. Risks Inherent in Spreadsheets. As part of your AOL assignment discuss the risks associated with spreadsheets. Read the articles below and write an informative 2-page essay about the potential risks associated with spreadsheets: Spreadsheet horror stories: https://handsontable.com/blog/articles/2020/10/spreadsheet-horror- stories 5 of the most terrifying Excel spreadsheet horror stories we’ve ever heard: […]

Discuss the similarities and differences between the American Opportunity and Lifetime Learning credits

Taxes question The exam consists of ten questions. Each question is worth fifteen points. Please show all work on your answer sheets and record your name on your test and all answer sheets. To receive partial credit for incorrect answers your computations must be included with your exam. Mr. Smith (age 52) is a single […]

How should the annual appreciation in the maturity value of this bond be accounted for ?

Accounting 14th Ethics HW Answer the following questions in 4 sentences max. While acting as a fiduciary, you recommended that your client buy a particular brand of refueling sta- tion to charge her new, electricity- powered car. You told your client that she would be able to save 70% of the purchase price of the […]

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