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Problem 1: At January 1, 2019, ABC Corporation had issued 12,000 ordinary shares. On May 31, 2019, ABC Corporation reacquired 2,000 ordinary shares as treasury stock. On June 30, 2019, ABC Corporation declared dividend P2 per share. What is the total amount of dividend declared?
a. P28,000
b. P4,000
c. P24,000
d. P20,000
Problem 2: ABC Corporation acquired 5,000 shares of G&G Corporation ordinary shares on October 20, 2018 for P825,000. On Nov. 30, 2020. G&G Corporation distributed a 10% ordinary share dividend when the market price of the stock was P250 per share. On Dec. 20, 2020, ABC Corporation sold 500 shares of its G&G stock for P132,500 For the year ended Dec. 31, 2020, how much should ABC Corporation report as dividend revenues?
a. P132,500
b. Zero
c. P125,000
d. P57,500
In a forensic IT auditor point of view, write a memo to explain the five (5) possible forensic techniques used during an investigation process
The controller of Santa Fe Housewares Inc. instructs you to prepare a monthly cash budget for the next three months.
After the scandal was uncovered, thousands of stockholders lost millions of dollars asEnron share values plummeted."Discus what you perceive from this scenario also explain the pros and corns of it indetail.
What are the differences between Audit and Risk Advisory Services.What is the mean for the audit and also determine the mean for the Risk advisory Services.
Prepare an analysis of the variances for materials and labour for the year. Prepare an analysis of the variances for variable and fixed overhead for the year
Units in beginning inventory 0Units produced 7,300 Units sold 7,000 Units in ending inventory 300. What is unit product cost for month under variable costing
Prepare the journal entry to record their issuance by Strauss-Lombardi on February 1, 2011.
They borrowed 75 percent of the cost at 6.626 percent interest for 15 years. What is the amount of each monthly payment?
How should the firm account for the traditional equity-based compensation plan and the new compensation plan? Cite ASC where appropriate.
At the end of the current year, the following information is available for both Atlas Company and Bryan Company
The ABC Block Company anticipates receiving $50,000 per year from its investments (with no change) over the next 12 years, with the first payment occuring.
Problem - "You are a manager for Peyton Approved, a pet supplies manufacturer. Prepare a Manufacturing Budget
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