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Question - YY Corporation has daily collections of P180,000 from a selected foreign customer group. The bank offered to accelerate the clearing time of these collections from 8 days to 5 days for a quarterly fee of P1,000. YY can invested freed cash into a mutual fund to earns 5% annually. How much is the net benefit/(cost) of this bank service?
Identify at least two types of misstatements found in the revenue process. Next, identify a sound, timely internal control to detect and correct misstatement
when inventory declines in value below original historical cost and this decline is considered other than temporary
farrah company opened business as a sole proprietorship on january 1 2012. the owner contributed 525000 cash on that
What amount may Loren deduct on his individual income tax return for the current year as a result of the worthless debt
Preparing the corresponding consolidating worksheets based on facts.
ACCT 304 Accounting Theory Assessment. What do you understand by harmonisation as opposed to standardisation in relation to financial accounting
What would be accounts receivable balance at end of December? In December, How much cash would be paid to suppliers for purchases?
The following information is available for Dixen Corporation for the year ended December 31, 2010: Cost of goods sold $205,000; Sales $450,000; Other revenues and gains $50,000; Operating expenses $75,000.
Tamarisk's tax depreciation exceeded its book depreciation by $32,000. Prepare the journal entry to record the income tax expense
The service cost of pension expense is $450,000. Prepare the journal entry to record pension expense for 2010
last year flynn company reported a profit of 72000 when sales totaled 522000 and the contribution margin ratio was 32.
xyz co had the following payroll transactions for the first pay period in 2012.wages 13000federal income tax withheld
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