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Problem 1: Toyanda Cubao, Inc. (TCI) is a dealer of Toyanda trucks and automobiles. TCI distributes annual bonuses to its Vice President for sales and three division managers, namely: Truck Division, SUV Division and AUV Division. The company reported P12,000,000 profit for 2021 before bonuses and income tax. Income tax rate is 30%. How much is the total bonus if the vice president gets 3% and each division manager gets 1% of profit after bonuses but before income taxes? Answer in whole number
Using the FIFO method, the number of equivalent units of conversion costs was
the company sold 4800 sewing machines at $190each. ABC Company follows Perpetual system. Find Cost of goods sold and Ending inventory
Suppose accelerating climate change threatens the water KO needs to produce its products, increasing the riskiness of its business. Investors now require a 12%.
on january 1 2002 abc company purchased equipment for 100000. the equipment was assigned an estimated life of 10 years
ACC307 - Accounting Theory. Case Study- Revisiting the conceptual framework. Explain why principles-based standards require a conceptual framework. Why is it important that the IASB and FASB share a common conceptual framework
Neither Amanda nor KC can deduct any of the above items in calculating the business profit
D&R Company, a calendar year corporation, purchased $1,116,000 of equipment on August 3. This was D&R's only purchase of depreciable property for the year.
In 2020 M sold the home for $700,000 and the cottage for $500,000. What is the minimum amount to be reported in net income for tax purposes in 2020
What is the percentage change in the price of Bond Sam? What would the percentage change in the price of Bond Sam be then?
Ratios provide the users of financial statements with a great deal of information about the entity. Do ratios tell the whole story? How could liquidity ratios be used by investors to determine whether or not to invest in a company?
rand company sells fine collectible statues and has implemented activity-based costing. costs in the shipping
describe the techniques used for analyzing internal control systems?how do internal auditing and external auditing of
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