All categories

3 years ago

What is accounting theory

Business

1 answer:

Gemiola [76]3 years ago

8 0

Answer:

a set of assumption framework and methodologies used in the study of application of financial reporting principles

You might be interested in

Production costs chargeable to the Finishing Department in May at Kim Company are materials $7,700, labor $19,700, overhead $18,

kenny6666 [7]

Answer and Explanation:

The computation of the unit cost for material and conversion cost is shown below:

Material Cost per Unit is

= Total Material Cost ÷ Equivalent Units for Materials

,= ($7,700 + $66,801) ÷ (20,300 units)

= $3.67 per unit

And, the conversion cost per unit is

= (labor cost + overhead cost) ÷ equivalent units for conversion

= ($19,700 + $18,289) ÷ 18,900 units

= $2.01 per unit

5 0

3 years ago

Norris Company declared cash dividends of $60,000 during the year. Cash dividends payable were $20,000 at the beginning of the y

Schach [20]

Answer:

Dividend paid during the year will be $55000

So option (B) will be the correct answer

Explanation:

We have given dividend declared during the year=$60000

Dividend payable at the beginning of the year=$20000

Dividend payable at the end of the year=$25000

We have to find the dividend paid during year

Dividend paid during the year=Dividend payable at the beginning of the year+ Dividend declared during the year-Dividend payable balance at the end of the year

Dividend paid during the year=$20000+$60000-$25000=$55000

So option (b) will be the correct answer

5 0

3 years ago

an initial public offering (ipo) represents the first time a corporation's stock is offered and sold to persons outside of the c

LekaFEV [45]

True, an initial public offering (IPO) represents the first time a corporation's stock is offered and sold to persons outside of the company.

An initial public offering(IPO) or stock release is a public providing wherein stocks of an employer are offered to institutional investors and normally also to retail traders. An IPO is commonly underwritten by one or greater funding banks, who also arrange for the stocks to be indexed on one or extra stock exchanges.

Via IPO, colloquially known as floating, or going public, a privately held organization is transformed into a public organization. preliminary public offerings may be used to elevate new equity capital for companies, to monetize the investments of personal shareholders such as agency founders or personal equity buyers, and to permit smooth buying and selling of existing holdings or destiny capital elevating with the aid of becoming publicly traded.

A stock is a popular term used to describe the ownership certificates of any organization. A percentage, then again, refers to the stock certificate of a particular business enterprise. preserving a specific organization's share makes you a shareholder.

Learn more about IPO here: brainly.com/question/15738101

#SPJ4

5 0

1 year ago

On January 2, 2009, L Co. issued at par $20,000 of 4% bonds convertible in total into 1,000 shares of L's common stock. No bonds

MrRissso [65]

Answer:

The correct answer is $1.2 per share.

Explanation:

According to the scenario, the computation of the given data are as follows:

Interest expense of Bonds = $20,000 × 4% = $800

Now, Interest expense of Bond, After tax = $800 × ( 1 - 50%) = $800 × 0.50

= $400

So, we can calculate the diluted earning by using following formula:

Diluted Earning = (Net income + Interest expense after tax) ÷ Total outstanding shares outstanding

Where, Total outstanding shares = 1,000 shares + 1,000 shares = 2,000 shares

By putting the value, we get

Diluted earning = ($2000 + $400 ) ÷ 2,000

= $1.2 per share

4 0

3 years ago

Melissa Thomas leads the marketing research division at Tronics Inc., a manufacturing company based in Alabama. To improve futur

bekas [8.4K]

The answer is online surverys!! Hope this helps

3 0

3 years ago

What is accounting theory​

What is accounting theory