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Question - CPA Company has the following selected accounts with unadjusted balances:
Cash on petty cash fund (including unreplenished expenses with supporting receipts of P12,000)- P75,000
Cash in bank (net of P21,000 account with BPI which has a credit balance due to overdrawn checks)- P245,000
Checks issued (post-dated as of year-end)- P155,000
Checks prepared, recorded but was not delivered to vendor- P120,000
Assuming no other cash items are on hand nor pending clearing and that the post-dated check was not deposit until it was ready for credit with the bank, how much should be included as cash and cash equivalent in the statement of financial position to be presented as of yearend?
Depreciation for the first 7 months of 2022 is $4,970. Prepare the journal entries to (a) update depreciation to July 31, 2022, and (b) record the sale
1. a capital expenditure would appear on thenbspa.income statement under operating expenses.nbspb.balance sheet under
Which of the techniques (NPV, IRR, or payback period) is the most useful tool to use? Why? Which of the techniques (NPV, IRR, or payback period).
Kendall is considering the purchase of a home, what is the maximum amount that Kendall can spend on a new home
Make the extract Statement of profit or loss and other comprehensive income, and Extract Statement of Financial position for the Colacola for the year
Jerseys, Inc., currently produces 10,000 jerseys a year for its regular customers and charges $10 per jersey. Should Jerseys Inc accept the proposal
A random sample of size 70 has a standard deviation of 3.12. Assuming that there is a 92% confidence level, what is the margin of error
How much was the profit of ABC Partnership in 20x1? A, a partner in the ABC Partnership, has a 30% participation in partnership profits and losses.
The gross margin for a manufacturing company is the excess of sales over:
Novak Company had $1,103,000 of short-term debt. Show how the $1,103,000 of short-term debt should be presented on the December 31, 2020, balance shee
accumulated other comprehensive income $83,700; and retained earnings $92,370. It issued no stock during 2017
Bond is callable in 5 years at US$1,025. Find, by using either Goal Seek or the IRR function, the semiannual yield-to-call (YTC), the annual YTC and the effecti
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