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Question - Sandy Company owns 15,000 of the 100,000 ordinary shares of X Corporation. The investment is accounted as Financial Assets at Fair Value Through Profit or Loss (FA-FV-P/L) and has a carrying value of P3,300,000. X Corporation declared a 10% stock dividend but gave the investors the option to receive P210 per whole stock of dividend. How much cash will Sandy receive? In your solutions, show the journal entry to record the dividends if Sandy opted to receive cash.
Write clearly and concisely about financial accounting using proper writing mechanics
Reported net income of $670,000. What was the balance in the Investment in Lennon Co. account found in the financial records of Pacer as of December 31, 2011?
The following revenue and expense account balances were taken from the ledger of Infinet Services Co. after the accounts had been adjusted on January 31, 2010, the end of the current fiscal year:
Bonds with a stated interest rate of 4% and a face value totaling $460,000 were issued for $410,000 on January 1, 2018 when the market interest rate was 7%.
Do the presenters give some tips for Internal Auditors to consider when assessing culture? Please describe at least two of their recommendations
Question 2: Spamming is a form of which type of communication?
Jelico Inc. issued 20-year, semi-annual bonds that pay interest at 7% per year in the market. What is the effective rate of interest per period on bonds
SIMCO Commercial Corporation (SCC) is located in Godalming, United Kingdom (U.K.). SCC is owned by an investment group located in London and all corporate functions are performed in Godalming.
Based on the information, journalize the entries for the seller and the buyer. Buyer returns $700 of merchandise as defective. The cost of merchandise is $420
What are the implications of a change in accounting standards? For example, what kinds of changes to data calculation and information reporting are likely.
Net business income before guaranteed payments $80,000. What amount of income should Peter report from Gold & Stein Partnership on his current year tax return
oddessy counsulting has the following for year ended 12-31-09 accounts recivable 330000 net credit sales
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