User Account

All Pages

How much home office current is debited by alamid-branch

Assignment Help Accounting Basics
Reference no: EM132728697

Problem 1: Ronald company maintains branches that market the products it produces. Merchandise is billed to the branches at cost, with the branches paying the freight charges from the Home office to the branch. On May 27, Alamid-branch shipped a portion of its merchandise to Kapitan-branch upon authorization by the Home Office. Originally, Alamid-branch had been billed for this merchandise at P25,000 and paid freight charges of P3,125 on the shipments from Home Office. Kapitan-branch, upon receiving the merchandise, pays freight charges of P1,875 on the shipment from Alamid branch. If the shipment had been made from the Home office directly to Kapitan-branch, the freight cost to Kapitan-branch would have been P4000. Home office current is debited by Alamid-branch by how much?

Select one:

a P26,875
b P27,125
c P25,000
d P28,125

Reference no: EM132728697

Questions Cloud

Demonstrate understanding of the project : Provide an opportunity for students to demonstrate understanding of the project - Outline the Client's preferred way of working with the students, recognising
Financial and supply-chain performance : Which one of the following statements about the relation between financial and supply-chain performance measures is TRUE
What type of data collection method was used : What makes this a descriptive study? What type of data collection method was used in this scenario? What type of collection methods are usually used.
Prepare journal entries to record the dividend transactions : Share capital, 100,000 fully paid shares $300,000. Prepare journal entries to record the dividend transactions and the transfer to general reserve.
How much home office current is debited by alamid-branch : Kapitan-branch, the freight cost to Kapitan-branch would have been P4000. Home office current is debited by Alamid-branch by how much?
What was the problem area and research question : What was the problem area and research question? What were the study's concepts, independent variables, dependent variables, and operational definitions.
Find the collateral the bank requires to secure the loan : Determine the collateral the bank requires to secure the loan? Determine your overall payback amount if you were to repay the loan in less than one year.
Promoting continual improvement : 1. What approach do you think is best for promoting continual improvement? Explain your answer
Make journal entry to recognize the acquisition date aap : Make journal entry (on Gooch's books) to recognize the acquisition date AAP and allocate the ownership interest in those assets to the parent

Reviews

Write a Review

Accounting Basics Questions & Answers

  Four types of special journals

There are four types of special journals generally used by businesses: the sales journal, cash receipts journal, purchases journal, and cash payments journal.

  Who will recognize a gain on the exchanges

If the three exchanges are part of a pre-arranged plan, who will recognize a gain on the exchanges

  Compute Ashley net tax payable or refund due

Ashley made a $26,000 estimated Federal income tax payment, Compute Ashley's net tax payable or refund due for 2018

  Write a paper on the given topic as a professional writer

Write a paper on the given topic as a professional writer. Topic: Samsung Electronics Revenue Recognition

  Bugoff exterminators provides pest control services

Bug-Off Exterminators provides pest control services and sells extermination products manufactured by other companies. The following six-column table contains the company’s unadjusted trial balance as of December 31, 2011.

  Will the storage limit be ever reached in any month

At the current inventory cost of 5%, will the storage limit be ever reached in any month? If not, at what inventory cost % will the storage limit be reached?

  Problem - Net Operating Loss Carrybacks and Carryovers

Problem - Net Operating Loss Carrybacks and Carryovers. What is the amount of Ace's tax refund if Ace carries back the 2009 NOL to 2007

  Determine the ending balance of each t-account

After recording the transactions of Exercise in T-accounts and calculating the balance of each account, prepare a trial balance.

  Hoyt rented office space two years ago to harris receiving

hoyt rented office space two years ago to harris receiving the first and last months rent plus anbspsecurity deposit of

  If employers onlu want to hire the best-qualified young

if employers onlu want to hire the best-qualified young white males then they have a right to do so without

  Samantha tax consequences

The mortgage interest is only on her home because the horse farm improvements are not mortgaged. a. What are Samantha's tax consequences if the miniature horse activity is a hobby? b. If it is a business?

  Find the manufacturing overhead

Before the year began, Coia Manufacturing estimated that manufacturing overhead for the year would be $200, 500 and that 25, 100 direct labor hours would.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd