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Question - On 1 July 2017, The Anay Company, a manufacturer of office furniture, supplied goods to The Baygon Company for P180,000 on condition that this amount was paid in full on 1 July 2018. Baygon had earlier rejected an alternative offer from Anay whereby they could have bought the same goods by paying cash of P162,000 on 1 July 2017. Under PFRS 15, how much relating to this transaction should Anay recognize in profit or loss in respect of revenue and interest income for the year ended 30 June 2018?
a. Does a high turnover ratio indicate an efficient inventory system? b. If the EOQ model is being used, determine TR in terms of K, D, h, and Q.
A Project cost rupees 16000and is expected to generate cash inflows of rupees 8000 rupees 7000 and 6000. Find the npv and PF project
Laura has also contributed $20,000 to another limited partnership (Pship 2) with nine other partners. The partnership has purchased rental property worth $100,000. Since Laura has experience as a bookkeeper, she offers to manage the books for..
I became the CEO of a major energy company in February 1, 2001, but I resigned from the company on August 14, 2001. I joined the company in June 1990.
Journalize the transactions and post to the accounts Debt Investments and Stock Investments. (Use the T-account form.)
What was the dollar value of the capital spending in the most recent 10K report? Describe the major capital expenditures of the company (i.e. aircraft, equipment, etc.)
Prepare the appropriate entries for Signal on January 1, 2013, to record the sale-leaseback. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)
If SBD makes the appropriate adjusting entry, how much will be reported on the December 31, 2016 balance sheet as prepaid rent and rent receivable
A company has sales of $200 million, NOPAT of $12 million, net income of $8 million, What is its operating profitability ratio? Its capital requirement ratio
Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Sunland Industries as of December 31, 2017
Using this? information, what is the maximum capital cost allowance? (CCA) deduction for the Class 8 assets during 2020?
Additional improvements costing $76,000 were made on October 1, 2020. Which corresponds to the maximum CCA allowed for the company's Class 13 for the year 2020?
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