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ABC Company recorded sales for a Php50,000 collection from a customer for a merchandise paid in advance. The inventory related to this sale is Php40,000 and is excluded from the ending inventory, however, the actual sale of the goods will take place in the next calendar year. The entity's net income after tax is Php84,000 with an income rate of 30%.
Problem 1: How much is the adjusted net income BEFORE tax during the year?
Option 1: 110,000.00Option 2: 77,000.00Option 3: 130,000.00Option 4: 70,000.00Option 5: None of the choices
Determine the amount of dividend paid/payable by the company for the year ended 31 December 2015 and record the necessary journal entry/entries.
The board of directors declared and paid a $2,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are dividends received by the common stockholders in 2010?
The firm has placed many issues in the capital markets during the last 10 years, and its debt flotation cost are currently estimated to be 4% of the issue's value. GST's federal-plus -tax rate is 40%. Illustrate what is the total dollar call premi..
An allowance for doubtful accounts of 3% of accounts receivable is to be established, How much should contribute to the new business?
Estimate the ratio slide from the presentation (Let's Estimate some Ratios for Ruckman (GAAP)). Follow the presentation and complete the second table (Let's Estimate some Ratios for Ruckman (IFRS).
There are tax advantaged accounts that can be used to augment, or even pay for, insurance in certain situations. Examples of these are
What amount will be considered the eligible portion? Pasqual was hired at Unique Furniture on September 15, 1979 and his employment was terminated March.
Find the future value of the annuity due if her first $400 is invest now. What if your friend Anne is planning to invest $400 each year for four years
The stocks had a $50 per stock market value before the split. Determine the new number of shares issued after the split
Suppose the Company wants to abandon the projects, assess which year is the best for such decision? What is the Net Present Value of the projects
Newman Stores accepts both its own and national credit cards. During the year the following selected summary transactions occurred.
Trading and available-for-sales investments are
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