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 Earnings Commons Stock 180,000 […]
Category Archives: Accounting
On January 1, Omar signs a contract with a client to provide catering services for their wedding on July 1. The total contract amount is SAR 25,000. 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 inventory […]
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 audit, attestation, and assurance services? And how do the answers provide value to stakeholders? Your answer should have a minimum of 400 words. […]
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 […]
What is your overhead (what items make up your overhead)? Since there are a billion coffee shops, what makes yours different or makes yours stand out? Do you have promotions?
Financial Reporting Assignment The Financial Reporting Assignment is a Powerpoint Presentation that discusses information needed to start and manage a new business. This assignment should take about 3-4 hours to complete (based on feedback from prior semesters), and once completed, should be submitted to the assignment dropbox below. You may submit multiple versions of your […]
Prepare the statement of cash flows of Company A for the year ended December 31, 2021, using the direct method. Use the additional information from the accounting records below.
Cash Flow Statement Background and Directions The comparative balance sheets (2021, 2020) and the income statement (2021) for Company A are shown in the spreadsheet. Use this assignment’s Excel template for completing these tasks. Information for each task is given on the template in the Instructions tab. Use the correct Excel formulas in the cells […]
What is the par value of the preferred stock? If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock? If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?
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’ […]
Based on the five-year stock price performance of the companies in the portfolio, as well as other factors like macroeconomic, industry and company analysis, analyze possible reasons for the stock price changes as observed.
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: (a) Statement of Comprehensive Income for the year ended 31st March 2022 and (b) Statement of Financial Position as at 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 […]
John is divorced and files a tax return claiming his daughter (age 15) and his son (age 19) as dependents. John’s son is a full-time student at a local college. John’s adjusted gross income for 2022 is $212,500. Calculate John’s Child Credit for 2022.
Taxes question The exam consists of ten questions. Each question is worth fifteen points. 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 individual […]
