Reference no: EM133188053
Question - On December 31, 2022, the home office of ABC Company recorded a shipment of merchandise to its Manila branch as follows:
Manila Branch P30,000
Shipments to Manila Branch (25,000)
Unrealized profit in Manila Branch Inventory (4,000)
Cash (for freight charges) (1,000)
The Manila branch sells 40% of the merchandise to outside entities during the rest of December 31, 2022. The book of the home office and ABC branches are closed on December 31 of each year. On January 5, 2023, the Manila branch transfers half of the original shipments to the Makati branch, and the Manila branch pays P500 freight on the shipment. Shipments directly to the Makati branch for the same shipment size is at P1,500.
1. How much is the inventory to be presented in the combined statement of financial position as of December 31, 2022 related to the transaction?
2. How much is the loss on excess freight to be recognized in 2023?
|
Explain the transformative power of love
: Explain the transformative power of love in both contexts. Add supporting citations to strengthen your claims.
|
|
Describe the ethical dilemma encountered
: A shift manager comes to you with a problem, explaining that one employee is disrupting the staffing schedule by repeatedly not showing up on time.
|
|
How much is the value of the derivative asset as of december
: The market rates are 8% on January 1, 2020, 10% on January 1, 2021, 11% on January 1, 2022. How much is the value of the derivative asset as of December
|
|
Mcdonald-russia watchdog widens probe into food chain
: This activity will provide an understanding of the principles of global supply chain management, (Course Objective # 6), as well as the Global R&D that takes pl
|
|
How much is the inventory to be presented
: How much is the inventory to be presented in the combined statement of financial position as of December 31, 2022 related to the transaction
|
|
Management commission fee and quotes
: You are at a possible listing appointment with a new landlord when he questions your management commission fee and quotes a substantially less rate from your co
|
|
Business decision-making process
: The task is to undertake a simulation (role-play) of the business decision-making process. This simulation is to be completed and submitted individually.
|
|
How much is the contract asset
: If the outcome of the contract cannot be estimated reliably, how much is the contract asset (liability) as of December 31, 2022 using View 1 of the PIC
|
|
How maximum flow method works in real world scenarios
: We know that most problems which have resources to be allocated from many sources to multiple destinations can be solved using the maximum flow method.
|