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Question - On Dec 1, 2020 Jisoo invited Lisa to join her in his business. Lisa agreed provided that Anne will adjust the accumulated depreciation of her equipment account to a certain amount, and will recognize additional accrued expenses of P10,000. After that Lisa will invest additional equipment to make her interest at 45%. If the capital balances of Jisoo before and after adjustment were P139,000 and P121,000 respectively. How much is the equipment contribution of Lisa?
The spot €:$ is equal to 1.1795. The one-year interest rates on the Eurocurrency market are 4% in euros and 5% in U.S. dollars. What is the three-month forward exchange rate? If the exchange rate value of the euro goes from U.S. $1.15 to U.S. $1.05, ..
Some employers will pay out employees for any unused sick-leave. How different types of sick-leave entitlements are treated for accounting purposes.
The payables deferral period would remain unchanged at 35 days. What effect would these policies have on the company's cash conversion cycle?
Explain whether Labu Bhd has control over Labi Bhd, Abu Bhd and Ali Bhd as at 30 June 2011. On 1 July 2010, Labu Bhd acquired 70% ordinary
Wilma Company experienced a P500,000 decline. What amount of gain or loss should be reported in the interim statements for the first and second quarters?
question 1. in mid-december a bank treasurer projects that loan demand will require a 10 million borrowing on march 15.
Compute the net cash provided by operating activities. Payments for operating expenses 78,000. Proceeds from issuance of stock 90,000
The decision was made to use a process costing system. The first month of operation went fairly smoothly, and the CFO is ready to prepare her journal entries but asked for your help because she has not done this before for a manufacturing company.
Journalize ritters transactions during august 2016, assuming ritter uses the direct write off method and assuming ritter uses the allowance method
preparation of the single-step and multiple-step income statementthe following data were taken from the records of
Explain how the organization of the company affects accounting and financial information and subsequent business decisions. Hint: A good place to search.
B&B Co. issued $50,000 of 7-year, zero-coupon notes on January 1, How much interest will Belpre Co. report on its income statement during the first year?
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