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Problem 1: The home office bills its Cagayan branch at 125% of cost. During the year 2018, goods costing P150,000 were shipped to the branch. The account "allowance for overvaluation of branch inventory", after adjustment, shows a balance of P14,000 at the end of the year. What is the amount of ending inventory at cost?
King's Road recently acquired all of Oxford Corporation's stock and is now consolidating. What amount of deferred tax liability arises in the acquisition?
If sales are expected to be 6,000 units for the year and Hunger desires ending finished goods of 1,500 units, how many units must the company produce?
Pina Colada Corp. pays Flint Company in full, less the purchase discount. Prepare separate entries for each transaction on the books of Pina Colada Corp
During 2014, King Merchandising Company purchased $30,000 of inventory on account. What is the balance of accounts receivable at the end of 2014
the varone company makes a single product called a hom. the company has the capacity to produce 40000 homs per year.
How do Compute for the issue price of the bonds. On January 1, 20x1, an entity issues 14%, 3-year, P5,000,000 bonds at a price that reflects a yield rate of 8%.
The Year-1 sales price will be $138 per case, and the Year-1 cost per case will be $105. What is the present value of future cash flows
What is a revenue statement budget? List five different sources of data that is used when preparing budgets
What were Tamra's actual factory overhead costs for February 2013
Al is a medical doctor who conducts his practice as a sole proprietor. During 2011, he received cash of $280,000 for medical services. Of the amount collected, $40,000 was for services provided in 2010.
The ticket cost $535, but the normal cost of a ticket to this concert is $145. How much is deductible as a charitable contribution
Describes the Sarbanes-Oxley Act of 2002. Describe the purpose, the elements and the impact of the Sarbanes-Oxley Act of 2002 on corporate accounting
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