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Question - She Company owns land and building classified as investment property. The land and building is being leased out under operating leases. The company uses the fair value model for all its other investment property. Data relating to the land and building follows:
Cost
FV Dec. 31, 2020
FV Dec. 31, 2021
Land
P10,000,000
P14,000,000
P15,500,000
Building
20,000,000
9,000,000
8,500,000
On December 31, 2021, the company decided to use the land and building for its operations. How much gain on is to be recorded by She on reclassification of the asset?
Prepare Dana's statement of shareholders' equity for 2019. (Hint: This statement will include more than 10 numerical columns.)
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A homeowner wants to decide whether he should install an electronic heat pump in his home. Given that the cost of installing a new heat pump is fairly large, the homeowner wants to do so only if he can count on being able to recover the initial ex..
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A company reports the following income statement and balance sheet information for the current year: Net income $475,940. Calculate the return on total assets
operating budgets for the paolo company reveal the following information net sales 450000 beginning materials inventory
How does the maintenance of a receiving log enhance internal controls?
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