Evaluate the roles that long non-coding RNAs (lncRNAs) play in epigenetic processes such as imprinting and X chromosome inactivation. Essay style

What topic in this class on Governmental and Non-Profit accounting was the most relevant to you?

What is your impression of governmental and NFP accounting?

Write a C++ program to list all solutions of x1 + x2 + x3 = 10.

x1, x2, and x3 are non-negative integers.

What are the 3 non-functional requirements for a home security system? (for example, describing its expected safety, availability, and response time).

What impact might physical health and cognitive changes have on middle age adults (non-traditional students) returning to college?

TRUE OR FALSE? In pipe flow, if the Reynolds number is very large, then the friction factor depends only on the non dimensional pipe roughness.

Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, was as follows (the amounts are rounded to thousands of dollars to simplify):

Account Titles Debit Credit

Cash $ 7

Accounts Receivable 3

Supplies 3

Equipment 10

Accumulated Depreciation $ 2

Software 6

Accumulated Amortization 2

Accounts Payable 5

Notes Payable (short-term) 0

Salaries and Wages Payable 0

Interest Payable 0

Income Taxes Payable 0

Deferred Revenue 0

Common Stock 15

Retained Earnings 5

Service Revenue 0

Depreciation Expense 0

Amortization Expense 0

Salaries and Wages Expense 0

Supplies Expense 0

Interest Expense 0

Income Tax Expense 0

Totals $ 29 $ 29

Transactions during 2018 (summarized in thousands of dollars) follow:

A. Borrowed $28 cash on July 1, 2018, signing a six-month note payable.

B. Purchased equipment for $31 cash on July 2, 2018.

C. Issued additional shares of common stock for $5 on July 3.

D. Purchased software on July 4, $3 cash.

E. Purchased supplies on July 5 on account for future use, $7.

F. Recorded revenues on December 6 of $61, including $8 on credit and $53 received in cash.

G. Recognized salaries and wages expense on December 7 of $36; paid in cash.

H. Collected accounts receivable on December 8, $9.

I. Paid accounts payable on December 9, $10.

J. Received a $3 cash deposit on December 10 from a hospital for a contract to start January 5, 2019.

Data for adjusting journal entries on December 31:

K. Amortization for 2018, $2.

L. Supplies of $3 were counted on December 31, 2018.

M. Depreciation for 2018, $4.

N. Accrued interest of $1 on notes payable.

O. Salaries and wages incurred but not yet paid or recorded, $3.

P. Income tax expense for 2018 was $4 and will be paid in 2019.

1. Set up T-accounts for the accounts on the trial balance. Enter beginning balances and post the transactions (a)-(j), adjusting entries (k)-(p), and closing entry

2. Record the adjusting journal entries (K-P)

3. Post the adjusting entries from requirement 4 and prepare an adjusted trial balance.

4.

4-a. Prepare an income statement.

4-b. Prepare the statement of retained earnings.

4-c. Prepare the balance sheet.

5. Prepare the closing journal entry.

6. Post the closing entry from requirement 7 and prepare a post-closing trial balance.

7.

7-a. How much net income did the physical therapy clinic generate during 2018? What was its net profit margin?

7-b. Is the business financed primarily by liabilities or stockholders’ equity?

7-c. What is its current ratio?

Altira Corporation uses a periodic inventory system. The following information related to its merchandise inventory during the month of August 2018 is available:

Required:
Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using each of the following cost flow methods:

FIFO

Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using the FIFO method. (Round "Cost per Unit" to 2 decimal places.)

LIFO

Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using the LIFO method. (Round "Cost per Unit" to 2 decimal places.)

Average cost

Determine the inventory balance Altira would report in its August 31, 2018, balance sheet and the cost of goods sold it would report in its August 2018 income statement using the Average cost method. (Round "Average Cost per Unit" to 2 decimal places.)

On February 1, 2018 Cromley Motor Products issued 10% bonds, dated February 1, with a face amount of $90 million. The bonds mature on January 31, 2022 (4 years). The market yield for bonds of similar risk and maturity was 12%. Interest is paid semiannually on July 31 and January 31. Barnwell Industries acquired $90,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31.use FVof 1$, PV of 1$ etc.)

Required: 1. Determine the price of the bonds issued on February 1, 2018

PRICE OF THE BOND ……

2a. prepare amortization schedules that indicate Cromley’s effective interest expense for each period during the term to maturity.

Payment Number Cash Payment Effective Interest Increase in Balance Outstanding Balance

1

2

3

4

5

6

7

8

Totals

2b. Prepare amortization schedules that indicate Barnwell’s effective interest revenue for each interest period during the term to maturity. (Enter your answers in whole dollars.) Payment Number Cash Payment Effective Interest Increase in Balance Outstanding Balance

1

2

3

4

5

6

7

8

Totals

3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell’s investment on February 1, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) a. Record the issuance of the bonds by Cromley. On February 1, 2018 b. Record the Bond investment by Barnwell. On February 1, 2018 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)

a. Record the payment of interest for Cromley Company., on July 31, 2018

b. Record the accrued interest for Cromley Company. On December 31, 2018

c. Record the payment of interest for Cromley Company, on January 31, 2019

d. Record the payment of interest for Cromley Company. On July 31, 2019

e. Record the accrued interest for Cromley Company. On December 31, 2019

f. Record the payment of interest for Cromley Company. On January 31, 2020

5. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)

a. Record the payment of interest for Barnwell Company., on July 31, 2018

b. Record the accrued interest for Barnwell Company. . On December 31, 2018

c. Record the receipt of interest for Barnwell Company. on January 31, 2019

d. Record the receipt of interest for Barnwell Company. On July 31, 2019

e. Record the accrued interest for Barnwell Company. On December 31, 2019

f. Record the receipt of interest for Barnwell Company. On January 31, 2020

QUESTION 1

Diandra Bhd is a manufacturer and supplier of men and women apparel. It operates in one district in northern area of Kedah. The company closes its account on every 31 December.​ The company owns a factory and a piece of land on which the factory stands. The land was acquired in 2013 for RM500,000 and the factory was built in early 2014 at a cost of RM950,000.

In recent years, there has been a boom of demand for both men and women apparel which require Diandra Bhd to store enough apparel to meet the demand. Due to that, Diandra Bhd has constructed a new warehouse next to the existing factory. It is expected that the cost of the new warehouse is RM1,000,000. On 28 February 2018, the company paid RM30,000 for the architect fees. In addition, the company paid RM20,000 to city council for the building permit on 5 March 2018. The construction of warehouse began on 8 March 2018 and the following expenditures were occurred during 2018:

Date                            Expenditure (RM)

1 April                                     270,000

7 June                                      280,000

20 July                                     120,000

1 October                                100,000

30 November                            30,000

The construction of the warehouse was completed on 31 January 2019. To finance the construction of the warehouse, Diandra Bhd borrowed with Xandra Bank RM450,000 on 1 April 2018 at the interest of 8% per annum. Other loan outstanding by Diandra Bhd are 10 %, RM400,000 bond payable and notes payable of RM300,000 with an interest rate of 12% per annum.

Diandra Bhd adopted revaluation model to account for its factory and used to revalue its factory every three year. The revalued amount of factory for the year ended 2016 was RM550,000. The company also conduct an impairment test every year if there is an indication of impairment. For 2015, the factory fair value less cost to sell is RM600,000 and value in use is RM670,000. The useful life of the factory building is 10 years and Diandra Bhd uses the sum-of-the-years digits method to account for the depreciation.

As an incentive from the government, Diandra Bhd also received RM250,000 grant in 2018 to buy a new sewing machine with modern technology which can boost its apparel production. The new sewing machine cost is RM500,000 with a useful life of 8 years. Due to shortage of power supply caused by lightning in December 2018, the machine broke down and the company spent RM50,000 to repair the machine. The repair involved an installation of a new software that is expected to increase the efficiency of the machine and able to produce more quantity of apparel.

REQUIRED:

(Round your answer to the whole number)

(a)     Calculate interest to be capitalised for the construction of the warehouse during 2018 and 2019.

(b)    Prepare journal entries to record interest capitalization for 2018 and 2019.

(c)     Assume that there was no impairment loss recognised in 2014. Determine the amount of impairment loss for factory for the year ended 2015 (if any) and prepare the relevant journal entry (if any).

(d)    Prepare the journal entries to record depreciation and revaluation of factory in 2016.

(e)     Briefly explain government grants and discuss the accounting treatment for government grants in accordance with MFRS120 Accounting for Government Grants.

(f)     Based on the amount of government grant received by Diandra Bhd, explain the effect of each accounting treatment to company’s financial statement.

(g)     Explain the accounting treatment for the repair of sewing machine.