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Question - Grace Company, a real estate developer, is owned by five (5) founding shareholders. On December 1, 2022, the company declared a Property Dividend of a one-bedroom condominium unit for each shareholder. The property dividend is payable on January 31, 2023. The carrying amount of a one-bedroom condominium unit is P4,000,000 and the fair value is P5,000,000 on December 1, 2022. Compute the amount of Dividends at the Date of Declaration.
Choose two accounting principles and two accounting assumptions and explain them in your word and Explain how accounting adjustments affect financial statements
provence bicycle company manufactures road bikes. the following data for september of the current year are available
A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset?
Assume you have all the information you need to answer this. What will Green report as "equity in income of investee" for the current year?
MA601 - Theory and Current Issues in Accounting Assignment. Evaluate different accounting theories and their implications for policy choices by managers; Synthesize the complex elements of the Conceptual Framework and apply to accounting activities
describe three issuesproblems that a company could encounter when trying to determine the actual cost of a good or
Assuming no other equity transactions occurred during 2017 what should Medina report at December 31, 2017 as capital in excess of par value
What Depreciation expense on the SYD basis at the end of 20x1 is? The going rate of interest was 18%. The machine has a 6-year life and no residual value.
What amount should be reported for the long-service leave provision as at 30 June 2020 in accordance with AASB 119? Prepare the journal entry for the provision.
The Consultant sends a Proposal to the CEO. The CEO returns an Approved Proposal back to the Consultant. Create one file in Excel with two worksheets
What Spot rates covering the period? Ross, Inc., a domestic wholesaler, sold merchandise to a British customer on May 12th with the sale
Prepare the appropriate journal entries that Amazon would record on January 1, 2020, and January 31, 2020, related to its subscription sales.
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