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Question - The management of Cherry Company plans to replace sorting machine that was acquired several years ago at a cost of P850,000. The machine has been depreciated to its residual value of P90,000. A new sorter can be purchased for P2,940,000, 3/10, n/30. The dealer will grant a trade-in allowance of P176,000 on the old machine. If a new machine is not purchased, Lawn will spend P745,000 to repair the old machine. Gains and losses on trade-in transactions are not subject to income tax. The cost to repair the old machine can be deducted in the first year for computing income tax. Income tax is estimated at 40% of the income subject to tax. Compute the net investment?
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
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Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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