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Question - Mary Corporation has a branch in Caloocan. During 2021, the home office shipped to the branch supplies costing P156.000 at a billed price of 30% above cost. The inventories of supplies at the branch were as follows: January 1, 2021 P110,000: December 31, 2021 128,000. On December 31, 2021, the home office holds inventories of P112,800 which includes P11,500 held on consignment and which excludes P5,000 inventories out on consignment. How much is the inventories in a combined balanced sheet as of December 31, 2021?
What is Dianas after-tax net cash flow if she sells the stock now and what is Diana's after-tax net cash flow if she waits one month before selling the stock for $19 per share?
Chief estimates that 2.0% of current accounts and 11% of accounts over thirty days are uncollectible. How much is bad debt expense
the sarbanes-oxley act of 2002 placed sigificant restrictions on the types of consulting that may be performed by
urban outfitters case study from your mba6014 - financial accounting custom text to complete the following for this
Sept. 25 Bills patients $2,070 for services performed. Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value
the may 1 work in process inventory consisted of 54000 pounds with 50760 in materials cost and 27000 in conversion
The company estimates that it will be unable to collect 5% of the year-end accounts receivable balance. Find the amount of bad debts expense recognized
Assuming that depreciation is to be computed on the straight-line basis, compute the annual depreciation on the new equipment that should be provided
Under IFRS, an entity should initially recognize inventory when:A)it has control of the inventory. B) it expects it to provide future economic benefits. C)all of these choices are correct. D)the cost of the inventory can be reliably measured.
What is the amount of uncollectible accounts expense for 2017?What is the ending balance of Allowance for Doubtful accounts at December 31,2017
Bird has 100,000 stock options outstanding entire year. The average market price of Bird's common stock during 2019 is $20 per share. Compute diluted EPS
Which of the following statements regarding farming income is correct? full-time lawyer recognized a $11,500 loss this year from his part-time farming
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