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An entity has determined that its fine China Division is a cash generating unit. The entity calculated the value in use of the division to be P8,000,000. The assets of the CGU at carrying amount are as follows:
Building 5,000,000 Equipment 3,000,000Inventory 2,000,000 Goodwill 1,000,000
Problem 1: The entity has also determined that the fair value less cost to sell of the building is P4,200,000. In recording the impairment loss, how much shall be credited to the Inventory account?
Have you ever been apart of drawing up a business plan? If so, what did it entail and how was the experience? If not, Did you ever have to do a plan
Crane Company designated Alexa Kidd as petty cash custodian.Prepare the entries that are necessary to record independent transactions
Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter’s production. Materials purchased on account $196,700, and factory wages incurred $94,100.
What is the stock worth if you require 16% rate of return? At the end of the sixth year, the company will pay a dividend of $4.50 and these dividends will grow
Australia's ageing population has produced some unique issues which will need to be addressed by current and future governments. These issues include
You paid $1,110 for a corporate bond that has a 16.42 percent coupon rate. What is the bond's current yield? Round the answer to two decimal places
I need a Common-Sized Balance Sheet and Income Statement both Horizontal and Vertical based on the Restate Financial Statements for a company
Suppose that Gamesa also issues warranties on the wind turbines they sell. Do you think they should recognize a liability for the warrantees outstanding?
Due Diligence has been, and remains, Which techniques will you use for this purpose? How these techniques are going to assist in a due diligence process?
Hitzu Co. sold a copier costing $4,500 with a two-year parts warranty to a customer on August 16, 2013, for $9,000 cash. Hitzu uses the perpetual inventory system. On November 22, 2014, the copier requires on-site repairs that are completed the same ..
Prepare the journal entry needed for the January 2021 redemptions. Prepare the journal entry needed for the February 2021 redemptions
At what amount should patent(s) be reported on the December 31, 2014, balance sheet, assuming monthly amortization of patents?
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