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Problem - On January 1, 2020 DEF Company sold machineries with a carrying amount of P4,800,000 in exchange for a P6,000,000 noninterest-bearing note due January 1, 2023. There was no established exchange price for the machineries. The prevailing rate of interest for similar note was 10%. The present value of 1 at 10% for three periods is 0.75 and the present value of annuity of 1 at 10% for three periods is 2.4869. Compute the interest income for 2020.
The company issued 720,000 ordinary shares on Sep 1, 2020. What is the weighted average number of shares outstanding in 2020
Which of these business organisation has a separate legal entity from its owners and the owners are NOT liable for the debts of the business?
Rintharamy Corporation's management reports that its average delivery cycle time is 36 days, its average throughput time is 6.2 days, its manufacturing cycle efficiency (MCE) is 0.49, its average move time is 0.6 day, and its average queue time is 2...
Balanced funds refer to funds that invest in a combination of stocks and bonds.
List the sequence that should be used to allocate the support department costs to production departments using the step-down method.
Provide the definition of the concept. Discuss how and when the concept could be used by EEC. Discuss the advantages and disadvantages of the concept as it relates to EEC.
Prepare the appropriate journal entries to record Alsup's 2021 income taxes, 2022 income taxes and 2023 income taxes. (If no entry is required for transaction)
Find Why do we subtract depreciation in the calculation of EBIAT if we are going to add it back as the next step of the Free Cash Flow formula?
Transatlantic Corporation, Find the reconciled Cash balance that should be reported on the Transatlantic balance sheet as of May 31st is how much?
Calculate the alpha of stock A if the actual return from the stock is 16%. What does the beta and alpha indicate about stock A?
Determine the initial valuation of each asset, assuming that immediately after acquisition, Samtech demolished the building.
A company purchased factory equipment, Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017 is
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