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Chichi Company's transactions for the year ended December 31, 2020 included the following:
Acquired 50% of Goku Company's ordinary shares for P180,000 cash which was borrowed from a bank in 2020.Issued 5,000 of its preference shares for land having a fair value of P320,000.Issued 500 of its 11% debenture bonds, due in 2018, for P392,000 cash.Purchased a patent for P220,000 cash.Paid P120,000 toward a bank loan.Sold Financial asset measured at Fair Value OCI for P96,000.
Problem 1: How much should Chichi report as net cash from financing activities?
The present value of an annuity due of 1 at 10% for 5 periods is 4.1699. How much is the interest expense for year ended December
Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250 per share. By what amount will Fink's Paid-in capital - excess of par increase for this transaction?
The treasurer of Brandon Blue Sox is seeking a $25,000 loan for 180 days from the Brandon Credit Union. What is the annual rate of interest on this loan
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1. below are comparative balance sheets and an income statement for claret corporation.all sales were made on account.
Prepare the journal entry to record Paddy's sale of the Ford Motor Company shares on 2/3/2012. Assume this investment is treated as trading securities
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On January 1, 2004, Digital, Inc. leased heavy machinery from Young Leasing Company. The terms of the lease require annual payments of $100,000 for nine years beginning on December 31, 2004. The interest rate on the lease is 10%. Assume the lease qua..
Discuss the 2007-2008 financial crisis and what impact it had on the financial markets. Who was impacted? What caused the crisis
Prepare the adjusting entry for each of the following for year ended December 31, 2015. Received P63, 000 cash advance from a customer.
Where can you see a list of all the transactions that have been matched or added to a bank register via the bank feed in QuickBooks Online?
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