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At the beginning of the current year, AC Energy Corporation issued 10,000 ordinary shares of P 20 par value and 20,000 convertible shares of P 20 par value for a total of P 800,000. At this date, the ordinary share was selling for P 36, and the convertible preference share was selling for P 27. Problem 1: What is the share premium from the issuance of ordinary shares?
Minarski Electronics sells computers and provides hardware maintenance services. On April 1st, Minarski sold a package deal containing a computer and a one-year unlimited maintenance/repair service for the computer at a bundle price of $1,000
Explain why adjusting entries are necessary. Describe the 4 types of adjusting entries, and provide a manufacturing industry example of each.
As sales manager, Terry Dewitt was given the following static budget report for selling expenses in the Clothing Department of Garber Company for the month of October.
What is the worth of Jay's account at age 60 when the annual interest rate on Jay's account is 4% per year? Start saving for retirement immediately
How much money should you place in this savings account every month in order to accumulate the required amount to buy the house of your dreams?
Find What will the cash flows for the project be. The original cost of the old oven was $41,000; it now five years old, and it current market value of $18,000.
1.45% in excess of $110,100 and a federal income tax rate of 20% on all wages, what would be an employee's net pay for the year if he earned $180,000?
You are 20 years old and plan to retire with $1,000,000. You have $22,500 available for investment. How old will you be when the account has the target amount?
Prepare any outstanding adjusting journal entries for the year ended March 31, 2013 and post them to the trial balance. Prepare all financial statements in good form for the year ended March 31, 2013.
$60,000 for more than 5 hotels, what is the break even point in terms of the number of hotels that need to be sold and be operating each year?
When management is using performance reports to evaluate the performance of a business unit manager, which of the following costs should be considered?
The contribution margin ratio is calculated by multiplying the unit contribution margin by the unit sales price.
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