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Question - On January 1, 2017, Sloane Co. purchased 25% of Orr Corp.'s common stock; no goodwill resulted from the purchase. Sloane appropriately carries this investment at equity and the balance in Sloane's investment account was P720,000 at December 31, 2017. Orr reported net income of P450,000 for the year ended December 31, 2017, and paid common stock dividends totaling P180,000 during 2017. How much did Sloane pay for its 25% interest in Orr?
Fagan Co. had these transactions during the current period. Prepare the journal entries for the Fagan Co. transactions shown above
Prepare the necessary journal entry at June 30 to record the monthly payment of excise tax and sales tax to the government
Process Company began the year with $6,500 prepaid insurance. During the year, Precare prepaid additional insurance premiums amounting to $8,000.T he company"s insurance expense for the year was $10,000. What is the balance in prepaid insurance at..
Find a journal article online about just-in-time inventory systems. In the subject line of your post, include the title of the article that you read.
chrisjohn beet processors inc. processes sugar beets in batches. a batch of sugar beets costs 51 to buy from farmers
Should Pine Street sell finished or unfinished bookcases.Because it has unused capacity, Pine Street is considering finishing the bookcases
at the beginning of the year manufacturing overhead for the year was estimated to be 250860. at the end of the year
In terms of risk, how do the tax-exempt securities used to pay for the building compare to a conventional municipal bond issued by Traverse county?
Wildhorse Inc. issues $2,095,300 of 8% bonds due in 11 years with interest payable at year-end. The current market rate of interest for bonds of similar risk.
discuss the purpose of marshaling of assets. what are the provisions that must be complied wiyh in a marshaling of
Question - Ending work in process inventory is $60,000. Beginning work in process inventory is $90,000. The costs of goods manufactured is
Problem - Sales and production budgets, Prepare sales budget for each quarter and for the year in total. Show sales by product and in total for each time period
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