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Question - On January 1, 2020, BSA Company loaned money to ABC Company in exchange for 12%, one-year promissory note.. On August 31, 2020, the promissory note was discounted at 15% and received P622,440.00 as proceeds. Compute for the gain or loss on discounting of the promissory note. (Show computations). Prepare the entries on January 1, 2020 and on August 31, 2020.
How much of the collected $2.385mil should Digby show on the March 31st income statement and how much on the May 31st income statement
A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement (i.e. joint operators) have rights to the assets, and obligations for the liabilities, relating to the ar- rangement. Here the joint operators e..
Suppose the product manager of a new Flower Mills cereal has determined that the appropriate wholesale price for a carton of the new cereal is $48. The fixed costs for the production and marketing of the new product are $15million.
On 12-31-13 O accepted a 3%, 6-year, $1,000,000 note in exchange for services O rendered to P. O will collect the note principle in full upon maturity.
Stahl Inc. produces three separate products from a common process costing $100,000. Determine total net income
Kaleta Company uses a periodic system reports the following for the month of June. Compute of cost of the ending inventory and the cost of goods sold under FIFO
Discuss the influence fixed manufacturing-overhead cost should have on the sales price quoted Excalibur for special orders
at the vicksburg company actual sales are 1200000 and break-even sales are 840000. compute a the margin of safety in
watch corporation of switzerland claims that its watches on average will neither gain nor lose time during a week. a
juliette formed a new business to sell sporting goods this year. the business opened its doors to customers on june 1.
Find and Identify four specific items relating to vacation leave and vacation pay that will have to be addressed in the policy to ensure compliance
Quantity-Actual production time 1.1 hours, rest periods and cleanup $0.25 hours, Compute the Standard Direct Labor Rate Per hour
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