Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Building Fund - On January 1, 2021, Grace Corp. created a special building fund by depositing a single sum of P300,000 with a Trust Company. The purpose of the fund is to provide resources to build another wing of a building that is expected to be completed by the end of 2025. The company estimates a total expenditure of P15 million and completion by January 1, 2026.
Grace Corp. plans to make annual deposit from December 31, 2021 to 2025 to accumulate the required P1.5 million. The Trust Company will increase the fund each December 31 at an interest rate of 8%. Both the accounting period of the company and the fund end on December 31.
Based on the above and the result of your audit, answer the following (Round off present and future value factors to four decimal places and final answer to the nearest peso):
1. How much is the annual deposit to the fund?
2. How much is the fund balance as of December 31, 2021?
Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to: Preferred Stock
At what percentage point does the issuance of additional shares qualify as a stock dividend, as opposed to a stock split?
most decisions made by management impact the ratios analysts use to evaluate performance. indicate by letter whether
Company A has a %21 tax rate . it has issued 20,000 shares of common stock and has equity of 900,000$. In addition the corporation has dept at a before tax.
On that date, the carrying value of the bonds is $38,500 and the fair value is $22,980. Prepare the journal entry to record the impairment
What sort of company would likely use a perpetual system? What sort of company would likely use a periodic system? (Provide specific examples)
How does the net present value (NPV) decision rule relate to the primary goal of financial management, which is creating wealth for shareholders?
curren co. paid dividends of 3000 6000 and 10000 during 2010 2011 and 2012 respectively. the company had 500 shares of
Other accrued liabilities-warranties Prist Co. had not provided a warranty on its products, What type of accrual adjustment should be made at the end of 2013
Journalists the stock transactions - Mar 17. Cannuck Corp. issued 14,000 shares of $18 par common stock at its par for cash
The note, issued on September 1, 2018, had a one-year term and an 8 percent annual interest rate. What is the amount of interest expense to record for 2018
Prepare the journal entries to record the sale of the building after having used the revaluation model using the proportionate method
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd