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Question - Thelma Corporation received authorization to issue 100,000 shares of P25 par value ordinary shares capital. It completed the following selected transactions during the year.
Received subscription from Sioson for P20,000 shares at P30 per share, receiving 40% of the subscription price as down payment
On due date, Sioson failed to pay the balance of the subscription price. The shares were declared delinquent and were advertised for sale at a public auction. Thelma paying P5,000 advertising costs.
Assume that Thelma Corporation received the following bids: Cruz, 18,000 shares. Guzman, 15,000 shares and Ferrer, 12,000 shares. How many shares should Sioson receive?
Assuming that the expectations hypothesis is correct, what will the price of the 5-zero coupon bond be when it has 1 year left to maturity
Calculate the inventory-to-sale, sale-to-cash, and purchase-to-payment conversion periods for Munich Exports for 2016. Calculate the length of Munich Exports
Purpose a report that reconciles the total costs assigned to the ending work in process inventory and the units transferred out with the costs in beginning inventory and costs added during the period.
A firm has days' sales in inventory of 105 days, What do these three figures imply about the firm's operations and its cash flows?
Assuming that the hospital is a for-profit entity and the tax rate is 30%, what is the project's NPV at a cost of capital of 8%, and what is the project's IRR?
The newly developed product is brought to market in January 2012 and is expected to generate sales revenue for 10 years. Determine amount Moxie should recognize as research and development expense in 2011 under GAAP.
Prepare the general journal entry for the employer's payroll liability. Prepare the general journal entry for the employer's payroll tax liability.
You are the newly hired accountant for The Gift Shop. The owner has just received the December 31, 2008 bank statement and has asked you to prepare the monthly bank reconciliation.
If carry value is 105 000, fair value is 90 000, what is the difference? is possible to be negative value? Assume tax is 30%, what is the fair value?
Amortization of prior service cost was $48,000 for 2008. What is the amount of Prada's prepaid pension cost at December 31, 2008?
a debt instrument with no ready market is exchanged for property whose fair market value is presently indeterminable.
The following transactions, adjusting entries, and closing entries were completed by Legacy Furniture Co. during a three-year period. All are related to the use of delivery equipment. The double-declining-balance method of depreciation is used. 2014 ..
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