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Carmeli Company owns 1,000 shares from another entity costing P 200,000. On June 1, 2021, Carmeli received notice of dividend declaration of P7 per share. The date of record is on June 14, 2021. Dividend payment will be on June 30, 2021.On June 5, 2021, Carmeli sold the investment for P 250,000.
Problem 1: Compute for the gain on sale of investment.
Group of answer choices a. P 57,000 b. P 43,000 c. P 7,000 d. P 50,000
On December 31, Year 1, Vaughan, Inc., issued $200,000, 8% serial bonds, to be repaid in the amount of $40,000 each year. Interest is payable annually on December 31. The bonds were issued to yield 10% per year. Vaughan amortizes the bond discount by..
FIN20014 (KAPLAN) Financial Management
The company adheres to a constant rate of growth dividend policy. What will one share of this stock be worth five years from now
Prepare all the journal entries upon termination of the joint arrangement, assuming A separate records will be maintained by the operators.
Review the transactions for Smith Construction for the month of June in the Excel Template. The balances from May have been inserted in the T accounts. Module 1 Assignment: The following are the transactions for Smith Construction for the month of Ju..
Brief summary of American airlines's operations - Which of the three sections of the Statement of Cash Flows (Operating, Investing or Financing Activities)
The difference between the historical cost and the net book value (NBV) of a plant asset is the: The use of replacement cost of assets for purposes of calculating return on investment (ROI) has the advantage of:
Torre Corporation incurred the following transactions. Purchased raw materials on account $56,160. Raw Materials of $40,910 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,200 was classified as indi..
In terms of the quick and current ratio, which of the following statements is true? Pasky's quick ratio is increasing, but its current ratio is decreasing.
Diminishing in real money Rs. 12,012 reduction in notes payable Rs. 10,001 expansion in records payable a "utilization" of assets would be the
What is Windsor adjusted cash balance on April 30? cash balance per bank $5900. credit memo for interest $15. deposit in transit $700
Prepare the necessary journal entries for Universal (lessor) on December 31, 2021, the end of the first reporting period. Universal Inc. leased equipment.
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