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Question - On July 1, 2022, Kim Seok-jin Company purchased a machinery from a dealer paying P2,310,000 cash. In addition, a P150,000 transaction cost was incurred to bring the machinery in the company's premises. Using the conceptual framework, how much is the historical cost of the machinery?
Explain a real-world example of a black swan event and clearly explain the concept of the bias, the risks it could pose to rational decision making
The entity was able to sell 120000 units of Product A at an average price of P400 per unit. Compute the required level of production for each quarter
How terminal value growth assumptions affect a project's overall value with the interactive tool: What is your cost of capital? calculate the project's total
ABC has 65% of Equity and the remaining is in Debt. If the Cost of Equity and Debt are 17.94% and 6.31% respectively, Should they take the project
Question - On May 1 eternal candle Inc purchases 500 shares of ordinary shares at a cash price of 9$ shares, Journalize the transaction
yokochan bakeries specializes in making cakes cookies and other pastries out of rice flour which they grind themselves.
Discuss the disclosure requirement on accounting policies, and identify at least two (2) examples of the most commonly required disclosure. Explain the key ways in which the examples you provided are useful to financial statement users.
The "declaration" of a $500 dividend, and services provided to a customer for cash of $700. What effect on assets, liabilities, and net income
Your Company agreed to pay interest annually at the rate of 4.5% per year. What is the amount of interest expense appearing on the 2020 income statement
York Instruments completed the following transactions and events involving its machinery. 2012
A company reports the following: Sales $819,060 and Average accounts receivable (net) 37,230. Determine the accounts receivable turnover
Define net monetary assets. Define the net exposure of monetary assets and liabilities to currency risk. Why are these measures important?
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