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Question - A National Government Agency has an approved appropriation for 2022 of P100,000,000. 25% of the amount was appropriation reserve and the balance was released per General Allotment Release Order (GARO) No. 2022-1. Notice of Cash Allocation of P30,000,000 was received by the agency.
Required - How much is the Subsidy from National Government to be recorded by the agency?
The relevant spot exchange rate was $0.7564. The March Canadian dollar futures contract priced at $0.7541. Determine the outcome of a future hedge
A project has an initial outlay of $2,615. The project will generate cash flows of $1,121 in Years 1-5. What is the Equivalent Annual Annuity
After performing an annual review of impairment on the PP&E, Bengals obtains the data: Asset's value in use $565,000. Calculate the recoverable amount
What is the fair value of the biological as of December 31, 2024? Ten animals aged 2.5 years were purchased in July 1, 2024 for P5,400
Which will be most sensitive to a change in interest rates? a 15-year bond with a $5,000 face value whose yield to maturity is 7.4%
Muggsy Bogues Company purchased equipment for $301,040 on October 1, 2014. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $18,240. Estimated production is 40,400 units and estimated working hours are 20,5..
What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense
Which of the phrases best describes a prepaid transaction? The cash occurred at the same time as the expense or revenue is recognized.
If a company sells multiple products, to calculate the breakeven point for each product, its unit contribution margin must be weighted by the sales mix?
Inventory level and increase the firm's inventory turnover ratio to 7 while maintaining the same level of sales and COGS, how much cash will be freed up?
The required return on Modular is 15 percent, and it sells at its equilibrium price, P0 = $49.89. What is approximate value of its expected dividend next year
Purpose the journal entry to record the acquisition for Mercantile Corporation instantly before the business combination
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