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Questions -
1) On October 1, 2018, Branded Corporation exchanged 20,000 shares of its P 200 par value of Ordinary Shares for land. A few months ago, the land was appraised by Mr. Roy, an independent appraiser, at P 5,000,000 Branded shares are currently traded at the stock exchange at P 300. How much should be debited to land account?
2) Suave Inc. was organized on January 1, 2018 with authorized ordinary share capital of P 2.000,000, P 50 par value. Subsequently, incorporators subscribed for 25,000 ordinary shares at P 54. How much must be paid up upon subscription to comply with the requirement of the SEC?
Barkley Company uses a periodic inventory system and has the following account balances: Beginning Inventory $50,000, Ending Inventory $80,000, Freight-in $12,000, Purchases $330,000, Purchase Returns and Allowances $8,000 and Purchase Discounts $..
Find and Classify and give reasons for the cash flows falling under the operating activities. The Company has profit before taxes of Rs 50 lacs.
Discuss the difficulties associated with allocating overhead costs in the contemporary manufacturing environment and identify strategies that firms can adopt to help make their overhead allocations more accurate and reliable.
The bonds mature in 8 years and their par value is usd 1000. if the required rate of return is 8%, what is the value of each bond?
What most important preliminary step in a research effort is? Relating your objectives to your conclusions./ Determining your research design
Shear, Inc. began operations in year 1. Included in Shear's year 1 financial statements were bad debt expenses of $1,400 and profit from an installment sale
Kwik Delivery Service reports the following costs and expenses in June 2014.- Determine the total amount of delivery service (product) costs and Determine the period costs.
The retail inventory method would include which of the following in the calculation of the goods available for sale at both cost and retail?
If you use a discount rate of 0.08 for investment products, what is the present value of this growing perpetuity? Round to two decimal places.
Your employer allows staff members, Assuming that a full-time employee is paid for 5 days a week, 52 weeks a year, what percent of paid time is actually worked?
all materials are added at the beginning of the process. direct labor was 28,700 and factory overhead was $4,510. what was the cost of 500 units in process at the end of the period (assuming first in fist out method
In 2014, Gurney Construction Company agreed to construct an apartment building at a price of $1,666,000. The information relating to the costs and billings for this contract is shown below. compute the amount of gross profit to be recognized in 2014 ..
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