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Questions -
Q1. Bay purchased merchandise on account for P10,000 from Beth with term FOB shipping point. The freight cost was P1,500 and was paid by Bay. Upon the arrival of the carrier, it was found out that the merchandise got lost while in transit. The carrier company accepted the loss as their fault. How much is the subsequent collection of Beth from Bay?
Q2. On January 10, 2021, Nihao Company sold merchandise on account FOB destination to Shaoni Company for P20,000. Shaoni paid the freight cost of P1,500 to be deducted from its account. How much did Shaoni paid to Nihao?
Market value of Krueger company's total asset is Php3,000,000, What is the liquidation value per share of Krueger company
Walter owns a whole-life insurance policy worth $59,500 that directs the insurance company. What value of the policy, if any
from the following information for alfred industries compute the overhead spending variance and the volume
D sold capital property in the current year for net proceeds of $700,000. What is the minimum taxable capital gain to be reported in the current year
What is the estimated amount of fire loss on December 31, 2020? On December 31, 2020, a fire destroyed most of the merchandise inventory
Without considering tax effects, prepare the journal entry for correcting the cumulative misstatement as of the reporting date of Quarter 1, 2002
Assume that 10% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense
The writing project will be a 2 to 3 page typed paper using the novel "The Goal" as a reference. After reading the book, you will apply the concepts to another situation. You will come up with the situation. In the paper, you will define the origi..
The cost of placing an order with the supplier is $175. Assume an interest rate of 5% and a lag time of 5 days. What is the economic order quantity
On August 1, Year 1, Bellisa Company issued a $30,000 5%, 1-year note to Citizens Bank. Which of the following entries reflects the adjustment required
discuss what is meant by the concept of responsibility accounting and the three basic types of responsibility centers
you have been selected as the consultant to develop a business plan for durango manufacturing company which is a
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