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Question - Factor Company built an item of plant manufacturing division. The costs incurred for the construction of the plant are as follows: Contractors' cost Php 20,000,000; Direct materials and labor used in the construction Php 8,000,000; Engineering and technical overheads, Php 2,000,000; Interest cost incurred to finance construction Php 1,000,000 and general administrative cost allocated Php 1,500,000. Of the direct materials and labor used, Php 1,500,000 is attributable to cost of inefficiencies caused by a labor strike. During the construction of the asset, Factor Company entered into an incidental operation wherein the company uses the vacant plant site as parking lot. Total revenue from the parking lot was Php 125,000 and related cost incurred was Php 10,000. At what amount should the manufacturing plant be initially recorded?
The calculation of the income recognized in the third year of a five-year construction contract accounted for using the percentage-of-completion method includes the ratio of
Great Corporation has the following capital situation.Debt: One thousand bonds were issued five years ago at a coupon rate of 8%. They had 25-year terms and $1,000 face values. They are now selling to yield 9%. The tax rate is 39%
How do Identify three items or accounts from Samsung financial statements that are most important to you as a potential shareholder and for each item or account
Lessor receives annual lease payments of $25,000, Prepare the journal entries at the time of the lease commencement and for Years 1 and 2 of the lease term.
Georgia Food is exploring the possibility of bringing a new frozen pasta to the market. Which of the following item are not relevant for the project's analysis?
What impact will Shirey's approach to recording depreciation have on the financial statements? When should depreciation first be recorded?
With a capital lease, the cost of the asset to be recorded is equal to:
abbot corporation splits its common stock 4 for 1 when market value is 40 per share. prior to split abbott had 50000
If the interest rate for the first 4 years was 5.00% compounded monthly, calculate the future value at the end of the first 4 years.
Mailbox Company produced decorative mailboxes. The company's average cost per unit is $18 when it produced 873 mailboxes. Mailbox Company has $10180 in fixed costs. What is variable cost per unit?
refer to the feedback sheet attached to see where marks could be lost. you are not required to complete the
Market risk premium is 4.5%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent
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