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S company was to be liquidated had the following liabilities
Income taxes P 10.000.00Notes payable secured by land 100,000.00Accounts payable 51,050.00Salaries payable (10,950 for employee 1 and P2,000 for employee 2) 12,950.00Administrative expenses for liquidation 20,000.00
The company had the following assets Book values Fair value
Current assets P 100,000.00 P 95,000 00Land 50,000.00 75,00000Building 150,000.00 20000.00
Question 1: Compute for the total free assets, before deducting liabilities with priority
wilson co. purchased land as a factory site for 800000. wilson paid 80000 to rear down two buildings on the land.
Blanchard Company manufactures a single product that sells for $280 per unit, Compute the dollars sales to earn the target income
Swifty Corporation purchased a new machine for its assembly process
In January 2012, Ezra purchased 2,000 shares of Gold Utility Mutual Fund for $20,000. What is Ezra's gross income from the 100 shares received in June
Labor supply/demand will become more rigorous (demand for workers will increase, but the labor pool will remain the same or shrink). Labor costs will increase.
Ward also paid a $270,000 advance payment at the lease's inception. What will be the effect of the lease on Ward's earnings for the first year (ignore taxes)
amanda has two dependent children ages 10 and 12. she earned 15000 in 2011 from her waitress job. how much of her child
ignore income taxes in this problem.axillar beauty products corporation is considering the production of a new
Calculate the amount of interest that Mason should capitalize in 2011 and 2012 using the specific interest method.
1. Compute the company's break-even point in unit sales and in dollar sales.
The bank collected $1,625.00 for Crane Company through electronic funds transfer. Prepare the bank reconciliation as of July 31
1. Record the following journal entries for TEB Company in good form and without abbreviations. Do not provide explanations beneath your journal entries. Raw materials used in production total $35,000: $30,000 direct and $5,000 indirect Salaries and ..
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