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You are watching: Which of the following is the principle reason for preparing managerial accounting reports?


Q: Auditing criter are:a. Ways to acquire / collection proof that transactionb. A collection of rules that...

A: Audit is identified as the examination of the books of accounts or financial statement of the reality th...


Q: As that December 31, 2019, its first year that operations, PNR Co. Had actually taxable temporary distinctions tot...

A: Step 1Current taxation to be reportable is same to current tax + Deferred tax liability – Deferred tax ...


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Q: Birchfield company reports the adhering to operating results for the month of February sales$900,000 ...

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Q: For each of the following situations write the principle, assumption, or principle that justifies or e...

A: Accounting PrinciplesThese space the communication on which the whole accountancy all over the human being is based ...


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Q: On January 1, Boston Enterprises worries bonds that have actually a $1,650,000 par value, mature in 20 years, ...

A: Bonds payable are among the sources of finance and are shown as liability. If the interest rate is ...


Q: Dirt Cleaners, Inc. Has the complying with production data for January:Transferred out50,000 unitsEndi...

A: Inventory: It have the right to be identified as every the goods, items, materials, and also merchandise the are held by a ...


Q: Jansen Crafters has actually the volume to produce 50,000 oak shelves per year and is currently selling 44,...

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Q: Comparing payments and APRs of jae won alternatives. Because of a project change, Finn McBryde has actually jus...

A: 1.


Q: What necessity is imposed by the double-entry mechanism in the record of any kind of business transaction?...

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A: Bank reconciliation statement allows the company to analysis the difference in entries tape-recorded in t...


Q: 3.-Pasadena Candle Inc. Budgeted manufacturing of 750,000 candles because that the January. Wax is compelled to p...

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A: Return on complete assets = network income/Average total assetswhere,Average total assets = (Beginning To...


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A: IntroductionDifferential analysis:Differential analysis is a managerial accounting method use...


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A: Lease: that is an agreement between the 2 parties, in which the lessor leases the asset to the lesse...


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A: Audit Reports are the files produced by the auditors ~ reviewing the the gaue won statements of t...


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A: Vertical analysis:The comparison of an item of a gaue won statement against the total amount of th...


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A: The inventory valuation technique used to evaluate the closing inventory and cost of items sold ~ above the ...


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Q: True or False.If the budgeted manufacturing facility overhead price is $460,000, the budgeted direct labor hrs is...

A: Factory overhead rate per hour = Budgeted factory overhead cost/Budgeted straight labor hour 


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A: Accounts union turnover refers to the form of measuring the company's effectivity in collecting...


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A: The dollar value LIFO an approach is strategy where every the items are pooled and also the increase and decr...


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A: Double decreasing depreciation price = straight line depreciation price x 2= (100/20 years) x 2= 10%...


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Q: True or False.Conversion prices are usually incurred evenly throughout a process.

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Q: Munson Co. Provides a task order price system. The following data summarize the operations regarded prod...

A: Job order cost system gives a separate document of each specific quantity the product the passes ...


Q: Standards established for a details raw material used by Troop firm are together follows: conventional q...

A: Direct product Quantity Variance = = (SQ − AQ) × SPWhere,SQ is the standard quantity allowed,AQ is...


Q: A organization has compiled the following information for the year ended 31 October 20X2:$Opening inve...

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A: Formula:Cost of sales = opened inventory + purchases - closeup of the door inventoryDeduction of closing inve...