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Question - Smithson Corporation had an opening balance in the Allowance for Doubtful Accounts of P20,000. During 2020, the entity recorded a provision for doubtful accounts amounting to P14,200 and collected P4,200 on accounts previously written off. The balance in Accounts Receivable was P400,000 at January 1 and P480,000 at December 31. At 12/31/20, Smithson estimates that 5% of accounts receivable will prove to be uncollectible. How much is the net realizable value of accounts receivable at year end?
The Half of the Bonds were converted into equity on December 31, 2021 incurring P50,000 Transaction Cost. How much is Discount on Bonds Payable as of Issuance
on january 1 2014 flip corporation had 560000 shares of 1 par value common stock issued and outstanding. there was a
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Discuss the principal arguments on both sides of the question of whether there is such a thing as corporate or organizational criminality
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Journalizing corporate transactions and preparing the stockholders' equitysection of the balance sheet [20-25 min]B-Mobile Wireless needed additional capital to expand, so the business incorporated.
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