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Question - Karanjawala & Co is a very well-known legal firm and fights cases in the courts across India. SBI has appointed the firm as a "retainer" for an amount of Rs. 10,00,000 per annum on the 30th Sep. 2019. The firm has agreed to take care of cases and furnish general legal advice upon request for one full year. In addition, the client would be billed for regular legal services such as representation in litigation. There was no way of knowing how often, or when, the client would request advice, and it was quite possible that no such advice would be requested. How much of amount received by the firm should be considered as revenue in the financial year ending 31st March, 2020? Why?
Listed here are several value listings for entry value (EV), exit value (NRV) , and present value in each of four periods for an asset.
Determine the (1) contribution margin per unit and (2) break-even point in units. Determine the (3) contribution margin ratio and (4) break-even point in dollar
general inertia corporation made a pro rata distribution of 50000 to tiara inc. in partial liquidation of the company
why is it important for financial statements and other external reports to be based on generally accepted accounting
Mason Company gathered the following information from its accounting records and the October bank statement to prepare the October bank reconciliation: The up-to-date ending cash balance on October 31 is:
Wonderful had the following profits after tax: P2,400,000 in 2020 and P2,000,000 in 2019. What is the earnings per share in year 2019
Steven has just won a significant amount of money from the state lottery. What are the difficulties in comparing the ratios of these companies to one another
Rewrite the auditor's report in an acceptable and complete format, incorporating any necessary departures from an unmodified report
The average remaining service period of Sheridan's employees is 7.50 years. Compute Sheridan's minimum amortization of the actuarial loss
What is the formula to derive this amount? how much dividends to pay when you sell stocks since shareholders need a fair return of the shares?
Assume that in addition to lowering its selling price to $49, Determine the number of units the company must sell to earn the desired income
Question - Budgets Journal Entries. Prepare the General Ledger journal entries for the General Fund for the City of Corona for the fiscal year ended May
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