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On January 1, 2018, Karen Company has an investment in equity designated as FVTOCI with a fair value of Php 600,000. These securities were acquired a year ago at a cost of Php 625,000. On March 31, 2018, Karen Company exchanged these securities for a piece of land from Klaire Company. The carrying amount of the land in the book was Php 480,000 and a zonal value of Php 800,000. At the time of exchange, the shares, which was publicly listed has a fair value of Php 650,000.
Required: Based on the above, answer the following: Problem 1: How much is the gain (loss) on exchange to be recognize in 2018 equity?
Why does a business require a constant flow of money and capital assets during its existence? Determine SMALL BUSINESS FINANCE
Determine the Total paid-in capital and total stockholders equity - Number of common stock shares outstanding.
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From the e-Activity, discuss the accounting principles that the identified company changed, and explain the major reasons why the company changed accounting principles. Give your opinion on whether you believe the change in accounting principles was ..
The marketing department at Cleveland Furniture Mfg. has an idea for a new product that is expected to have a six-year life cycle. After conducting market research, the company found that the product could sell for $800 per unit in the first four yea..
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