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Question - Goldilocks sells cakes and pastry items to well known hotels and resorts along Rizal province. The hotels are allowed credit based on the track record of the hotels. The total amounts received or receivable from sales by Goldilocks in for the second quarter of the current year were P2,200,000 VAT inclusive. The products were sold partly on a cash bases and partly on account. Based on reliable estimates, 60% of the total sales were sold on account. How much is the value added tax on the sales account for the second quarter?
The share price subsequently increased to $37. What impact will the increase of Oswald's share price have on compensation expense
Raw materials inventory, beginning 39,000. Prepare its schedule of cost of goods manufactured for the current year ended December 31.
meridian industries manufactures and sells two models of watches prime and luxuria. it expects to sell 3000 units of
Journalize the transactions for Welles Corporation. Welles Corporation was organized on January 1, 2020. It is authorized to issue 20,000 6%, $40 par value
If Smith recorded a foreign currency exchange loss on its receivables and a foreign currency gain on its payables, what must have happened to each currency
In order to decrease tax (lower the income and the higher the expense, the lower the tax), company should use what method? Explain your answer
What is the profit under variable costing? ABC Ltd makes widgets. It has no opening inventory and the closing inventory is 500 units.
For each ratio you have chosen, compare and contrast the results between these two firms. Most importantly, comment on how the differences in the basis.
Calculate variable overhead spending variance if actual labour hours used are 260, standard variable overhead rate is $10.40 per direct labour hour
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Which the expected credit loss model impairment gain is? Computed as the difference between the present value of the remaining future cash flows discounted
Prepare cogent arguments for and against David Walker's actions as a government employee and later as concerned citizen
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