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Question - Abulencia and Daguiso have the following profit and loss agreement: salaries of P30,000 and P45,000 for Abulencia and Daguiso, respectively; a bonus to Abulencia of 10% of profit after salaries and bonus; and interest of 10% on average capital balances of P20,000 and P35,000 for Abulencia and Daguiso, respectively. One-third of any remaining profit is allocated to Abulencia and the balance to Daguiso. If the partnership had a profit of P102,500, how much should be allocated Abulencia?
What is the least number of calories possible in a package. How much should be invested in each to maximize annual interest? What is the maximum annual interest?
Compute the number of units that would have to be sold in 2017 to reach the stockholders' desired profit level. Pina Colada Company had $151,400 of net income
Identify the key internal and external stakeholders. What are the negative impacts that can happen if you do not follow the instructions of your supervisor
Each employee works in excess of 600 hours and is paid wages of $11,350 during the year. Determine the amount of Lincoln's work opportunity credit
Find What would do if were T Young? T. Young, controller for Retail Industries, was reviewing production cost reports for the year.
Which of the best describes the adjustment for gains on the sale of property, plant, and equipment in the indirect format of the operating cash flow section?
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The proceeds of a discounted note receivable are sometimes less than the face value of the note. always greater than the face value of the note. always less than the face value of the note. equal to the maturity value of the note.
New Company reported net income of 2,300,000 and paid cash dividend of P2,500,000. What amount should be reported as investment income for the current year?
Prepare two income statements for Matka Corporation, one using the FIFO and straight-line methods and the other using the LIFO and double-declining-methods. Ignore income taxes.
On October 28, 2020, What before-tax amount(s) should Mercedes report as loss on discontinued operations in its 2020 income statement?
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