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Question - On April 1, 2021, ABC CO. issued a 9% interest bearing note with a face amount of P30,000,000 for the purchase of a machine. The note is payable in five equal annual installments starting on March 31, 2022. Interest is payable annually base on the remaining balance. There is no established cash price for the equipment. The prevailing market rate of interest for a note of this type is 8%. At what amount should the notes payable, including accrued interest, be shown on December 31, 2022?
Direct labour minutes were incurred at a cost of $0.32 per minute. Determine The company's direct labour efficiency variance for the current year was
Using the information given, indicate the accounts, amounts, and accounting equation effects (1 for increase, 2 for decrease, and NE for no effect) of transactions (a) and (b). Using the information given, prepare the journal entries that would be re..
If so, calculate the amount of the additional tax if the act causing the imposition of the tax is not addressed within the correction period
If the beginning value of the index was $1,700 million and the base value was 100, what is the current value of the index
In addition, she incurred the following costs in connection with the trip: $600 for transportation, $1,200 for lodging, and $400 for meals. What is Emily's deduction associated with this charitable activity?
An evaluation of the organization/segment to determine if it is achieving each of the CSFs. Analyze each CSF and use data from the measures indicated in the Balanced Scorecard as support for the conclusions. (2-3 pages)
On January 1, 2020, Baltimore Company issued $250 000 face value, 8%, 5-year bonds at 102. Determine the dollar value of the interest expense
The estimated salvage value was $100,000. After using the building for 15 years, Record depreciation expense on the building for years 15 and 16
Discuss the immediate income tax consequences of the proposed transaction. Draw a diagram of your proposed reorganization and its results
what are the costs and benefits to the Indonesian economy, the Indonesian government and other parties? A recommendation is required
Calculate the cost of direct materials used in April. What was the cost of raw materials used (both direct and indirect) in production in April?
Assuming repeatability and given the information, What would be the best approach to select between manually exclusive projects A and B ?
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