User Account

All Pages

How much should be the credited as donated capital

Assignment Help Accounting Basics
Reference no: EM133133955

Question - CuddlePH accepted several office equipment from a stockholder which originally costed the donor P1,200,000. On the same date, the items had aggregated fair value totaling P985,000. The company incurred P30,000 for professional fees and transfer taxes related to the transaction. The amount was charged to other expenses. How much should be the credited as donated capital?

Reference no: EM133133955

Questions Cloud

How much is gross profit : Sheridan Company's financial information is presented below. Purchase returns and allowances $14720 Purchases $253000. How much is gross profit
Preparing the direct labor budget for January and February : Begin by preparing the direct labor budget for January and February through the total direct labor hours needed for production line
Prepare Yancey manufacturing overhead budget : Prepare Yancey's manufacturing overhead budget for January and February, including the predetermined overhead allocation rate using direct labor hours
Discussing production possibilities : What does inefficient means when discussing production possibilities
How much should be the credited as donated capital : On the same date, the items had aggregated fair value totaling P985,000. How much should be the credited as donated capital
What amount should the biological asset initially recorded : Land under trees- P9,500,000; and Road in forest- P7,000,000. What amount should the biological asset be initially recorded
What is the total amount should be reported as cash : Suga Corp. had a checkbook balance on December 31, 2021 of P10,000,000. What is the total amount should be reported as cash on December 31, 2021
Evaluate economic conditions : Evaluate economic conditions that influence company performance. Consider political, environmental, currency (money), global economics, and government
Calculate the amount of deferred tax liabilities : Calculate the amount of deferred tax liabilities or assets to be recognised with respect to the above transactions as of 31 March 20X2

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd