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Question - A home office ships inventory to its branch at a mark-up of 125% above cost. The required balance of the allowance for overvaluation account is P1,425,000. During the year, the home office sent merchandise to the branch costing P9,000,000.At the start of the year, the branch's Statement of Financial Position shows P1,800,000 of inventory on hand that was acquired from the home office. By what amount will the Allowance for Unrealized Gross Margin in Branch Inventory account be debited at the end of the year?
Construct the rate diagram for this CTMC. Make sure to clearly define your states.
Assume that a taxpayer has a marginal tax rate of 33%. How much of the income from a corporate bond earning interest at a 7% rate
The following data (in thousands of dollars) have been taken from the accounting records of Larder Corporation for the just completed year.Sales
In either case, the holding period for the stock will be short term. Identify the tax issues relevant to Simon in deciding whether to give the stock
Dione and Ewing both have personal assets, but Westlake does not. Journalize all of the transactions for the partnership
On January 8, the end of the first weekly pay period of the year. Royal Company's payroll register showed that its employees earned $27,760 of office salaries and $60,840 of sales salaries.
Conduct a relevant cost analysis to determine if it is profitable to outsource the bookkeeping. Calculate the net advantage of outsourcing the bookkeeping
policies for budget development hector corporation is a manufacturing company with annual sales of 25million. its
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In 2012, the company discovered that the ending inventory for 2011 was overstated by $17,056; Prepare the revised retained earnings statement
What are the conclusions from the customer profitability pilot study. What are the major sources of variation in customer profitability
Describe the role of the program planner interviewed has in marketing his/her programs.Explain the importance of marketing in program planning
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