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Expert help when you need it- Q1:1) Peter Inc. acquired 100% of the outstanding Common Stock of Simran Inc. for $ _____ cash and ______,shares of its own common stock ($1 par value), which was trading at $ ________ per share at the acquisition date. (a) Determine the Acquisition Cost. (b) Pass Journal Entry in the Book of Parent Company.See Answer
- Q2:3) There are different approaches or theories that might serve as a basis for preparing consolidated financial statements. Explain these approaches by giving at least two points of each. See Answer
- Q3:Instructions: • Prepare the 2022 Individual Income Tax Return, including all schedules and additional forms, if any, using the IRS fillable forms listed below or manually written on the tax forms/schedules. Ignore the directions to use tax software noted in the file. However, students may use tax software if one is available. • Scan your completed tax return as a PDF file OR print it as a PDF if using tax software. No other file format is permitted. • Submit the tax return file here by clicking the submit button. You can upload individual forms or a zip file with all the tax forms and schedules. I do not accept tax returns via email. • You have unlimited submissions. However, only the last submission will be graded unless the student notifies me which upload to graded by the due date.See Answer
- Q4:1. What is the economic growth?See Answer
- Q5:2. What are the factors that contribute to Productivity growth?See Answer
- Q6:Analyze and explain the simple aggregate expenditure model? Write 3 paragraphs using the APA format. Do not forget to indicate at least 3 sources.See Answer
- Q7:YOU MUST COMPLETE THIS ENTIRE CASE (ALL PARTS) AND CASE #2 (BOTH PARTS) IN ORDER TO RECEIVE CREDIT FOR THIS COURSE. NO POINTS WILL BE AWARDED FOR A LATE SUBMISION. REQUIRED TO SUBMIT (18 points): Schedule A Form 8863 (both pages) • Form 8995 Schedule 3 • Form 1040 (both pages) • Note: Forms are provided in the Blackboard folder where you found these instructions. If draft/final form 8995 is not available for 2023, you MUST use the 2022 form, no other year.See Answer
- Q8:TAXATION I CASE #2 - Instructions Using Tax Software Fall 2023 Welcome to Case #2! Great job on your first tax case. I know it was a lot of work. If you haven't reviewed my markups, please do so now. This case builds off your first tax case and you will be using tax software to complete this case. Tax software is used in the real world to complete tax returns, and I want to make sure you get some experience. You will be able to mention this on your resume. This will also be similar to VITA if you choose to volunteer to help individuals complete their tax returns. In VITA, you use tax software, so you do not have to fill out anything manually. This will require some critical thinking and some patience. If you have never used tax software, it will look overwhelming. I am here to help and make sure you watch my video overview. Objective Use Tax Software (Intuit ProConnect) to replicate Tax Case #1 using only the tax forms and information attached. How to Complete • Step 1: You will have received an email with a link to sign up for Intuit. This will come from Quickbooks, but it is just to create your company/login for Intuit ProConnect. Follow the instructions in the email to set-up your account. REMEMBER: YOU HAVE TO LET ME KNOW WHEN YOU SIGNED UP SO I CAN GRANT YOU ACCESS TO YOUR CLIENT IN PROCONNECT. Login to Intuit ProConnect (https://proconnect.intuit.com/) • Step 2: Watch my video on general software overview and entering information if you have not already. It's posted in the Tax Case Folder where you found these instructions. • Step 3: Enter the information from the attached Client Information Packet and review your information. You already have the answer from Case #1. If you are completing this in Fall 2023, you will have to use 2022 Forms in the software, so your tax amount and refund will be different, but everything else should be the same. Step 4: Print and Submit by the deadline communicated. When submitting, make sure to include in the BlackBoard submission textbox what, if anything, is different from Case #1 to this case. This could be checkboxes, amounts, forms, etc. Reach out with any questions. Grading This assignment is worth 20 points. It is part of the mandatory assignments to receive any grade for the class. In your next case, you will be completing a similar assignment, but will not have the answer. If you submit late, you will forfeit the points for the case. If you do not submit at all, you fail this course regardless of any other grades earned.See Answer
- Q9:Working from the worksheet below for Mayforth Art Gallery: Journalize and post the 4 closing entries. Prepare the Post Closing Trial Balance. 1. 2.See Answer
- Q10:2) Parkin Corporation created Sunlight Corporation with a transfer of $800 cash. During Sunlight Corp.'s first year of operations, it generated a net loss of $150 and paid no dividends. During Sunlight Corp.'s second year of operations, it generated net income of $350 and paid dividends of $80 a) Pass Journal Entries in the Book of Parkin Corporation for two years using Equity Method. b) Prepare 'Investment in Sunlight Corporation Account' for two years and show the balance of each year in the Book of Parent Company using Equity Method.See Answer
- Q11: According to ISO 19011, an audit program is managed by the The organization needing to conduct audits Lead auditor Accreditation body O AuditeeSee Answer
- Q12: Assume you arc on an audit. What sort of evidence would be best to answer thisquestion: Is there a means of accounting for all people after evacuation has takenplace? O Documentation Observation InterviewSee Answer
- Q13: In a greenhouse gas audit, a sampling approach would reasonably be [Multi-select] C to maximize the number of people interviewed, to gain as much information on their practices and knowledge randomize emissions sources at the facility, to ensure a broad coverage of arcasexamined in the audit target emissions sources at the facility based on magnitude of the emission C based on the program requirements - for example based on guidelines dictated under a government regulation for reporting GHGSSee Answer
- Q14: 3. If an auditor identifies an internal control weakness for an assertion, how does it affect the audit strategy? If the auditor identifies an internal control strength for an assertion, how does it affect the audit strategy?See Answer
- Q15: Presented with an audit engagement at a nuclear power plant, which is a highly regulated and controlled industry, the auditor would likely immediately consider the audit risk to be "high" with respect to what category? ) Detection risk O Control risk O Material risk Inherent riskSee Answer
- Q16: Financial audits, when compared to sustainability audits [Multi-select] CHave a longer history of practice and refinement C Are more closely controlled by audit guidelines Are often performed by engineers and general consultants C Rely on a "limited level of assurance"See Answer
- Q17: Assume you are on an audit. What sort of evidence would be best to answer thisquestion: Is there an evacuation procedure? O Documentation C Observation O InterviewSee Answer
- Q18: Results of the evaluation of the collected audit evidence against audit criteria [M Are audit findings O May indicate nonconformity May indicate conformity OAre reported publiclySee Answer
- Q19: Obtaining an Environmental Professional designation as an environmental auditor in Canada requires [Multi-select] Evidence of audit experience up to 2 years work experience A university degree Writing an ethics examSee Answer
- Q20: The result of an extcrnal audit of an environmental management system it is rarcly a"fail" because O Audit criteria aregenerally very easy in the realm af environmental management O Evidence of non-conformance is difficult to obtain Auditors will not complete an audit where the overall result will be negative Minor non-conformances are commonSee Answer
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