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Question - In 2019, ABC Corp purchased a residential house and lot for P10,000,000. The property has a fair market value per BIR of 12,000,000 and an assessor's value of 14,000,000. The property was sold to the Vice-President of Operations for P11,000,000. How much is the fringe benefits tax expense of ABC Corp?
Create amortization tables for issuance of the bonds sold at 98 for the first three interest payments.
GW Photography reported net income of $100,000 for 2012. Included in the income statement were depreciation expense of $6,300, patent amortization expense of $4,000, and a gain on sale of equipment of $3,600.
What The budgeted beginning inventory in November. The budgeted ending inventory in November? The portion of December sales that will be collected in January?
Assume you are participating on an international panel to discuss and determine the convergence of GAAP and IFRS inventory valuation.
What is the danger in allocating common fixed costs among product lines or other segments of an organization
after graduation you plan to work for dynamo corporation for 12 years and then start your own business. you expect to
Discuss accrual accounting principles and apply these to a business that you: work for, have worked for, have observed, or have researched.
in 2017 the d.h. lawrence co. had credit sales of 750000 and granted sales discounts of 15000. on jan. 1 2017 allowance
Alan, Baker and Crowe formed Dexter Corporation during 2011. Pursuant to the incorporation agreement, Alan transferred property with an adjusted basis of $30,000 and a fair market value of $45,000 for 450 shares of stock.
Compute the net realizable value of accounts receivable at December 31, 2014.
Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. Question - Calculate net income and stockholders' equity
Cost allocation to divisions. Rembrandt Hotel & Casino is situated on beautiful Lake Tahoe in Nevada. The complex includes a 300-room hotel, a casino.
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