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Problem - A Person purchased land and building for Rs. 15000 for the purpose to sale it at profit. He further purchased a building for Rs. 400000, having 8 floor and is willing to use the 3 floors for factory and remaining floors for the rental purpose. Furthermore, purchased a plot for Rs. 200000 but is not clear about its use in the future. Also purchased a plot for Rs. 100000 for the purpose of capital appreciation. You are required to calculate the exact amount of inventory, property plant and equipment and investment property.
Suppose a U.S. government bond pays $2,155.40 within 5 years to 6% interest. Calculate the current value of the bonus
Find Super's accounts receivable turnover rate for 2001 and bad debts emphasizes matching bad debts expense with revenue on the income statement
Which of the following can be found on the statement of cash flows? The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basis is. The percentage analysis of increases and decreas..
An income statement of a manufacturer will show the ending balance of work in process. contains only manufacturing costs. will show the ending balance of materials inventory. covers a certain period of time.
Prepare the journal entries to record the acquisition of machinery, equipment, furniture and franchise in accordance to MFRS 116 Property
Create the income statement, statement of Owner's Equity and the balance sheet of ABC Co. as of December 2019. Prepare the closing entries on December 31, 2019
How might a change in the cost of capital produce a conflict between the NPV and IRR rankings of these two projects? Would this conflict exist if r were 6%?
Find a Declining balance method of 25% per year, including the half year rule for the next four years, giving amount per year of depreciation.
Record entries for interest payments and amortization of the discount and premium at the end of each year using effective-interest method
When an agent acts for an undisclosed principal, the principal will not be liable to third parties if the:
Marie Snell recently inherited some bonds, What would be the largest equal annual amounts she could withdraw for two years, beginning today?
On January 1, 2019, Sunland Corporation acquired machinery at a cost of $1600000. Find the amount that Sunland should record as depreciation expense for 2022
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