Questions
a client arterial blood gas results reveal a paO2 of 55 mmHg zthe client admitting diagnosis...

a client arterial blood gas results reveal a paO2 of 55 mmHg zthe client admitting diagnosis is acute respiratory failure secondary to community acquired pneumonia what is the nurse best action

In: Nursing

Discuss Community acquired pneumonia, etiology, drug of choice to be prescribed and why, parameters for monitoring...

Discuss Community acquired pneumonia, etiology, drug of choice to be prescribed and why, parameters for monitoring success of the medication therapy. If patient has history of hypertension, what would be the choice for a second line therapy.

In: Nursing

What are the strategic justifications for your specific firm to undertake a merger (either as acquirer...

What are the strategic justifications for your specific firm to undertake a merger (either as acquirer or target) within the economic context of the simulation? That is, what are the pros for your firm to either acquire or be acquired by another firm?

In: Finance

Imagine an intention locking protocol in which normal locks are acquired in a two phase manner,...

Imagine an intention locking protocol in which normal locks are acquired in a two phase manner, but intention locks can be released at any time. Would such a protocol be serializable? If so, prove it. If not, show a counterexample.

In: Computer Science

Statement of Cash Flows The following items involve the cash flow activities of Rocky Horror Picture...

Statement of Cash Flows The following items involve the cash flow activities of Rocky Horror Picture Co.: Net income, $42,800 Payment of dividends, $16,000 Ten-year, $33,000 bonds payable were issued at face value Depreciation expense, $24,500 Building acquired at a cost of $33,400 Accounts receivable decreased by $3,600 Accounts payable decreased by $4,700 Equipment acquired at a cost of $8,000 Inventories increased by $5,800 Beginning cash balance, $17,700 Required: Prepare Rocky Horror Picture’s statement of cash flows using the indirect method. ROCKY HORROR PICTURE CO. Statement of Cash Flows For Year Ended December 31, Current Year Operating Activities:

In: Accounting

Gwen Stefani makes the following charitable donations in the current year: 1. Inventory held for resale...

Gwen Stefani makes the following charitable donations in the current year:

1. Inventory held for resale in Gwen Stefani’s business (a sole proprietorship)

Basis $ 8,000, Market Value $ 7,200

2. Stock in Driskoll, Inc., held as an investment (acquired two years ago)

Basis 16,000, Market Value 40,000

3. Coin collection held as an investment (acquired five years ago)

Basis 4,000, Market Value 20,000

The Driskoll stock and the inventory were given to Gwen Stefani’s church, and the coin collection was given to the Salvation Army. Both donees promptly sold the property for the stated fair market value. Disregarding percentage limitations, Gwen Stefani’s current charitable contribution deduction is:

In: Accounting

Zoum Corporation had the following transactions during the year: Issued $250,000 of par value common stock...

Zoum Corporation had the following transactions during the year: Issued $250,000 of par value common stock for cash. Recorded and paid wages expense of $120,000. Acquired land by issuing common stock of par value $100,000. Declared and paid a cash dividend of $20,000. Sold a long-term investment (cost $8,000) for cash of $6,000. Recorded cash sales of $800,000. Bought inventory for cash of $320,000. Acquired an investment in Zynga stock for cash of $42,000. Converted bonds payable to common stock in the amount of $1,000,000. Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided by financing activities? Group of answer choices ($1,210,000). $230,000. ($210,000). $790,000.

In: Accounting

Question 1 At 30 June 2019, Beta Ltd had the following deferred tax balances: Deferred tax...

Question 1

At 30 June 2019, Beta Ltd had the following deferred tax balances: Deferred tax liability $18,000 Deferred tax asset 15,000 Beta Ltd recorded a profit before tax of $80,000 for the year to 30 June 2020, which included the following items: Depreciation expense – plant $7,000 Doubtful debts expense 3,000 Long-service leave expense 4,000 For taxation purposes the following amounts are allowable deductions for the year to 30 June 2020: Tax depreciation – plant $8,000 Bad debts written off 2,000 Depreciation ratesfor taxation purposes are higher than for accounting purposes. A corporate tax rate of 30% applies.

Required:

a) Determine the taxable income and income tax payable for the year to 30 June 2020. (2.5 Marks)

b) Determine by what amount the balances of the deferred liability and deferred tax asset will increase or decrease for the year to 30 June 2020 because of depreciation, doubtful debts and long-service leave.

c) Prepare the necessary journal entries to account for income tax assuming recognition criteria are satisfied. (2.5 marks)

d) What are the balances of the deferred tax liability and deferred tax asset at 30 June 2020?

In: Accounting

The adjusted balances at December 31, 2020, for Derlak Enterprises are shown in alphabetical order below:...

The adjusted balances at December 31, 2020, for Derlak Enterprises are shown in alphabetical order below:

2020 2019
Accounts payable $ 63,800 $ 11,000
Accumulated amortization, franchise 20,600 12,600
Accumulated amortization, patent 4,000 2,800
Accumulated depreciation, equipment 79,800 66,500
Accumulated depreciation, tools 49,000 49,400
Accumulated depreciation, vehicles 110,200 108,800
Cash 16,000 30,200
Equipment 198,000 100,000
Franchise 55,600 55,600
Lee Derlak, capital* 210,320 45,620
Lee Derlak, withdrawals 46,000 38,400
Notes payable, due in 2023 163,000 148,600
Office supplies 3,800 3,720
Operating expenses 782,200 572,600
Patent 30,000 30,000
Prepaid rent 35,000 48,000
Salaries payable 36,300 23,700
Service revenue 844,500 775,700
Tools 150,920 102,200
Vehicles 264,000 264,000

*The owner, Lee Derlak, made no additional investments during the year.

Required:
Prepare a comparative classified balance sheet at December 31, 2020. (Record the accounts in the given order. Enter all amounts as positive values.)



Analysis Component:
Are Derlak's assets financed mainly by debt or equity in 2019? in 2020? Is the change in how assets were financed from 2019 to 2020 favourable or unfavourable?

In: Accounting

The adjusted balances at December 31, 2020, for Derlak Enterprises are shown in alphabetical order below:...

The adjusted balances at December 31, 2020, for Derlak Enterprises are shown in alphabetical order below:

2020 2019
Accounts payable $ 63,800 $ 11,000
Accumulated amortization, franchise 20,600 12,600
Accumulated amortization, patent 4,000 2,800
Accumulated depreciation, equipment 79,800 66,500
Accumulated depreciation, tools 49,000 49,400
Accumulated depreciation, vehicles 110,200 108,800
Cash 16,000 30,200
Equipment 198,000 100,000
Franchise 55,600 55,600
Lee Derlak, capital* 210,320 45,620
Lee Derlak, withdrawals 46,000 38,400
Notes payable, due in 2023 163,000 148,600
Office supplies 3,800 3,720
Operating expenses 782,200 572,600
Patent 30,000 30,000
Prepaid rent 35,000 48,000
Salaries payable 36,300 23,700
Service revenue 844,500 775,700
Tools 150,920 102,200
Vehicles 264,000 264,000

*The owner, Lee Derlak, made no additional investments during the year.

Required:
Prepare a comparative classified balance sheet at December 31, 2020. (Record the accounts in the given order. Enter all amounts as positive values.)



Analysis Component:
Are Derlak's assets financed mainly by debt or equity in 2019? in 2020? Is the change in how assets were financed from 2019 to 2020 favourable or unfavourable?

In: Accounting