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Question: Joe is a director of ABC Corporation. Joe was authorized through a Board resolution to enter into a contract with EFG Corporation for a contract worth Php20,000,000 where ABC was to render services for EFG Corporation for the said total amount. Later on EFG Corporation later on filed for bankruptcy and still owed ABC Corporation Php 19,000,000. Marc, One of the shareholders of ABC Corporation went to court and sought to annul the contract entered into by Joe. Can the contract be annulled?
Which costs would be utilized in making the decision to purchase the asset? Are future costs relevant in the decision-making process?
If the margin of safety for Kramer Company was 20%, fixed costs were $900,000, and variable costs were 70% of sales, what was the amount of actual sales
Using the FIFO method, prepare the direct materials cost and the conversion cost per equivalent unit and assign Aprils costs to the departments output
Authorized -4,600 shares, Issued -2,900 shares retained earnings $82,679 $72606. How many shares are issued at September 29, 2018
The expected annual cash flows thereafter are {$300; $600; $1,100; $2,500; $2,500; $5,000; $5,000}. What is Juanita's IRR on this investment
Crescent has current E&P of $1,000,000 and accumulated E&P of $5,000,000. What must George do to ensure that the redemption will be treated
Ann wants to deposit $21,400 for 12 years in account that pays an interest rate of 10% per year. How much will she have at the end of 12 years
Prepare pro forma income statement. What percentage increase in sales would enable the company to reach its goal
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. What would Symphony report as total current assets
Mire Corporation staffs a helpline to answer questions for customers. The costs of operating the helpline are variable with respect to the number of calls in a month.
Tune Tones Instrument Tuning Company owes Mandy Lynn's Music Studio $6,854 as of November 1. What the amount Tune Tones owes Mandy Lynn on November 30
What should be the balance of the Discount on Notes Payable account on the books of Jefrey at January 1, 2005 after the first payment is made, assuming that the effective interest method is used?
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