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Question - Mr. Dimataling was hurt in a bus accident. He received a total indemnity of P800,000 from the insurer of the bus. Mr. Dimataling paid P250,000 in hospital bills due to the accident. How much is the total exclusion from gross income?
Assume that the income for 20X2 was $600,000 under variable costing and $800,000 under absorption costing. Compute the end of year cost of inventory
camera shop ince. started the year with total assets 80000 and total liabilities of 40000. during the year the business
imagine managerial accounting did not exist. suggest what would or would not occur and describe the implications with a
A company makes a charge to its customers for cases in which its product is delivered; if they are returned in good condition within three months a refund.
NoPo Corporation, a small business in the coffee roasting industry, Sandra basis in her NoPo stock is $8,000. Upon liquidation, Sandra must recognize a gain of?
Provide the journal entry to record Brewer's sale of services in exchange for the promissory note on 1/1/18. Please show all of your calculations
CSI Fashion Market had the following transactions during 2020: Issued $250,000 of par value common stock for cash. What is the net cash
Cook Consultants is currently in the process of completing the systems implementation activities for converting The Samuel Company's old system to a new one.
Notes collected by bank, P 500,000 plus interest 550,000 and NSF check returned with June 30 statement 100,000. What is the amount of outstanding checks on June
In China, why may a lower birthrate lead to slower growth in real GDP per capita? Why might high levels of spending on investment in China lead to high rates of growth in the short run, but not in the long run?
Prepare the journal entry for Wood Incorporated and Engram Factors to record the factoring of the accounts receivable to Engram
Based on this information, determine the variable and fixed cost per unit of product.
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