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Question - On January 1, 2021, Exo Company received a P200,000 cash and a 4-year, 3%, P500,000 note to be collected on December 31, 2024. Interest on this note is to be collected at the end of each year. The note was received from sale of an quipment with original cost of P1,000,000 and accumulated depreciation of P400,000 on date of sale. Interest effective on the note is 5%.
Required -
How much is the amount of gain (loss) on sale recognized on January 1, 2021 from sale of equipment?
How much is the amount of interest income recognized in its statement of comprehensive income for the period ending December 31, 2022?
company would prefer to buy the CDs, what is the maximum external price that Sunland Company would be willing to accept to acquire the 60000units externally?
After the third year, the divdend will grow at a constant rate of 5% per year. the required return is 10 %. what is the price of the stock today?
Find the sustainable growth rates for a firm and Find the internal growth rates for a firm.
Why are exchange gains or losses recognized in the income statement under the temporal method and deferred and included in the balance sheet?
Assume the marketing department has presented a plan to increase advertising expenses by $245 million. It expects this plan to result in an increase in both net sales and cost of goods sold of 25%.
Prepare any necessary adjusting entries at the year-end on December 31, 2021. No adjusting entries were recorded during the year for any item
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In a typical project year, revenues may not be large enough to offset expenses, which? can happen in cost-only mutually exclusive service projects.
compute ending inventory valuation under absorption andnbsp variable costingconsider the following information
Sanford Co. sells $515,700 of 10% bonds on March 1, 2014. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2017. The bonds yield 12%. Prepare all of the relevant journal entries from the time of sale until ..
XYZ Inc. buys $10 million of materials (net of discounts) on terms of 3/5, net 60, and it currently pays on the 5th day and takes discounts. XYZ plans to expand, which will mean additional financing. If XYZ decides to forgo discounts, could it obtain..
question smith and sons is developing the 2011 budget. in 2011 the company would like to increase selling prices by 20
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