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Problem 1: Neelopa Enterprise's financial statement for the year ended 31 December 2020 has showed a net profit of RM100, 500. On 2 March that year, the company bought a van that cost RM70,000. This transaction was debited in the motor repairs and maintenance accounts. The company policy is to depreciate motor vehicles using straight line basis at 15 percent per annum and with a full year charge in the year of acquisition. It was discovered that 5% interest on loan of RM120,000 was also left out. Calculate the new net profit.
The dealer will take the $500 Cash Allowance straight off her total. How much loan does Molly need
Prepare journal entries to record the preceding information and show what is reported on the Holly Companys 2010 income statement.
Journalize Minnesota?'s issuance of 1,500 shares of common stock for $15 per share. 2. Journalize Minnesota?'s issuance of 1,500 shares of preferred stock
Dunn's accounting year ends on December 31, and the 2011 financial statements were issued on March 2, 2012. What amount of loss should Dunn accrue at December
Describes the process in step two, "market delineation"? The course textbook outlines a six-step process for the market analysis of single-family subdivisions
During the period that the entity held this investment, amortization of the discount amounted to P20,000. What amount should be reported as gain on sale of bond
The owner of a bicycle repair shop forecasts revenues of $220,000 a year.Prepare an income statement for the shop based on these estimates. The tax rate is 20%.
Lock Division of Morgantown Corp. sells 80,000 units of part Z-25 to the outside market. Part Z-25 sells for $40, has a variable cost of $22, and a fixed cost per unit of $10. The Lock Division has a capacity to produce 100,000 units per period. What..
calculate the prime and conversion costs for the month Prime?
The company's WACC is 8.0%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.)
1. your company purchases a different business at a bargain purchase properly accounted for as a business combination.
These amounted to $42,000 in December and $48,000 in January. Use this information to determine the projected ending balance of cash on hand for January
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