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Question - PRECLUDE PREVENT Co. acquired an equipment for 448,000 on account with a credit term of 2/15, n/30. Any discount is computed based on the purchase price. The purchase price is inclusive of 12% value added tax (VAT). PRECLUDE Co. is VAT-registered and any input VAT paid is refundable through deduction from monthly output VAT remitted to the Bureau of Internal Revenue (BIR). Additional costs incurred include 40,000 cost of training staff who will be operating the equipment and 60,000 cost of relocating the equipment to a new location after it was installed in a location originally intended by management. How much is the initial cost of the equipment?
Based on information, use M-1 of Form 1120, which is available on the IRS website, to determine Garrett Corporation's taxable income for 2019.
during the month of february hoffer company had cash receipts of 10800 and cash disbursements of 12450. the february 28
Determine (a) the break-even point in sales units and (b) the breakeven point in sales units if the company desires a target profit of $50,000
The furniture company paid $3,000 for advertising that ran in the local newspaper in November 2011. In which month should advertising costs be expensed
Compute the ending inventory at cost as of January 31, 2016, using the retail method which approximates lower of cost or market
ifrs reporting rules that apply in many countries outside the u.s permit management to for example revalue long lived
Net income/Net revenues
According to Walter (2012), the risk management entails a process of evaluating overall goals of an organization's against risks attached to planned activities. To achieve this component in running of a business, measures have been devised to ide..
Identify three potential sources of return to mutual fund investors and briefly discuss how each could affect total return to shareholders.
Using the FIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 20 units that were sold
Prepare an income statement for the year ended December 31, 2009. (Assume that 11,000 shares of stock are outstanding.)
What is meant by ethical auditing?How could ethical auditing resolve this situation? explain other factors that the learner should consider inrecommendation
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