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Question - John Company owns 80,000 shares of Carlo Corporation's 100,000 outstanding common shares, acquired at book value. The December 3], 20x4, consolidated balance sheet presented by John and Carlo included net assets of Carlo in the amount of P600,000. On January 1, 20x5, John sells 10,000shares (10%) of its Carlo stock to unrelated parties for P70,000. Determine the gain or loss on disposal of shares to be recognized in the profit or loss statement.
Cash balance according to the company's records at March 31, $16,099.00. Journalize the entry or entries that should be made by the company
Assuming that James' bank always pays its savings account holders an annual interest rate of 15% what is his economic profit from the sale of the hardware store
Orthopedic surgery requires more space for patients, supplies, and equipment. Compute the cost per cost driver for each of the three cost centers
Evaluate accounting quality, for a company of your choice, by assessing accounting policies and estimates and prepare an investigative report on Managers.
Annapolis uses the weighted-average process costing method. Use this information to find the cost per equivalent unit of conversion for the month of March
Frederick Company utilizes a JIT production system and there are no Raw Materials, calculate FY 2018 Contribution Margin Percentage
Loxham Corporation uses the weighted-average method in its process costing system. Calculate the equivalent units for materials for the month
Harris Industries reported the following on the company's income statement in 20Y7 and 20Y6: Determine the times interest earned ratio for 20Y7 and 20Y6
Estimated total direct labor-hours - 77,000. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system
the company is planning to acquire a new machines at a total cost of 600000. the machines estimated useful life is 7
Prepare the journal entries for each of the situations - At the time of the exchange, the land was advertised for sale at $250,000.The stock was selling at $11 per share.
Hairology Company's perpetual inventory records indicate that $120,500 of merchandise should be on hand on April 30, 2010.
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