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Question - L of Lucknow consigned goods costing Rs.60,000 to A of Allahabad at an invoice price bearing 33.1/3 mark up on the cost price. Goods costing Rs.15,000 were damaged in the transit and the insurance company admitted the claim in full. Expenses incurred by the consigner on loading and transportation of the goods amounted to Rs.1800. The consignee incurred Rs.200 on cartage and Rs.6000 as Godown Rent and sold 2/3 of the goods received by him at the invoice price. He is entitled to 5% normal commission and 2.5% delcredere commission. Find the value of goods sold.
The December 31, 2012 balance of the Accounts Receivable was $85,325. Determine the amount of Wesam Company's sales on accounts for 2012
Assuming the Company uses the straight-line method, the amount of accumulated depreciation on the Year 6 balance sheet would be
How State the level of materiality as immaterial, material, or highly material. If you cannot decide the level of materiality, state the additional informatio
Prepare schedule to compare investment cost with the book value of equity acquired. Prepare elimination entries for the preparation of a consolidated statements
What effect will reclassifying the investments have on the current ratio? Is Ross's true financial position stronger as a result of reclassifying investments
Sears issuses 4.5% five-year bonds dated january 1, 2010, with $230,000 par value. The bonds pay intrest on june and december 31 and are issued at a price of $235,160. The annual market rate is 4% on the issued date. Calculate the total bond intre..
A stock with a required rate of return of 10 percent sells for $30 per share. The stock's dividend is expected to grow at a constant rate of 7 percent per year. What is the expected year-end dividend, D1, on the stock?
Accounts Receivable has a balance of $3,750,000, Determine the amount of the adjusting entry for uncollectible accounts
What are the four methods commonly used to identify the fixed and variable elements of a mixed cost
The depreciation taken on the building was $123,000, and the building was sold for a $34,000 gain. What is the maximum amount of 25% gain
Question - Parsons Company incurred P475,000 in overhead costs making 40,000 units in August. Find the fixed factor of overhead cost
Describes accounting for intangible assets(other than goodwill) that have an indefinite useful life? They should be carried at fair value of the balance sheet
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