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Q1. On December 1, 2022, April Corporation received a donation of 9,000 shares of its P1 par value ordinary shares from a shareholder. On that date, the share's fair value was P35 per share. The share was originally issued for P18 per share. By what amount would this donation cause total shareholders' equity to decrease?
Q2. A company issued 60 shares of P100 par value stock for P8000 cash. The total amount of paid-in capital is?
Can a company change its method of costing inventory? Explain. Because of imperfections, an item of merchandise cannot be sold at its normal selling price.
Looker Hats is planning to sell 600, and produce felt hats 700 during June. Each hat requires 1/2 yard of felt and 1/4 hour of direct labor. Felt costs $3.00 per yard and employees of the company are paid $20 per hour. Find How much direct labor s..
KLM Corporation's quick assets are $5,983,000, its current assets are $12,465,000 and its current liabilities are $8,059,000. Its acid-test ratio equals:
Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the reconciling items
Grandma's Applesauce, Inc. has a 0.60 probability of a good year with operating cash flow of $50,000; and 0.40 probability of a bad year with operating cash flow of $30,000. The company has a debt of $35,000 with 8 percent interest due next year.
Greylag estimates the cost of the new equipment at $191,000. Calculate the payback period and the discounted payback period for this? investment
For August, a total of 14,000 equivalent sets for direct materials and 12,000 equivalent sets for conversion costs have been computed. Using the FIFO costing method, determine the cost per equivalent set for August.
If the cost per equivalent unit is P3.00 for materials and P5.50 for conversion costs, compute the total cost in the May 30 work in process inventory
Does anyone have the proper solution for the case study of lighting the way at the manor house hotel by Harvard business review
Outline the findings of the various courts of appeal and discuss the severity of the penalties awarded to the management of James Hardie.
Eric saved $700 at the end of every year in his savings account at 4% compounded annually for 6 years. What is the accumulated value of the money
Construct a product structure. Identify all levels, parents, and components.S requires 1 unit of T and 2 units of U. Each unit of T requires 1 unit of V
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