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Porblem 1: Morgan Conpany owned an idle parcel of real estate consisting of land and factory building. Morgan gave title to this reality to JP Company as an incentive for JP Company to establish manufacturing operations in the area. JP Company paid nothing for this realty which had a fair market value of P2,588,000 at the date of grant. In the statement of changes in equity, how much should JP Company reported as revenue?
axe corporation is considering investing in a machine which has a cost of 25000. the estimated life of the machine is
firm x needs to net income 12800000 from the sale of common stock. its investment banker has informed thw firm that the
Issued 50,000 shares of common stock as a result of a 10% stock dividend declared onDecember 15, 2009.
Prepare a tabular analysis of the transactions using the following column headings: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable
Deposits are forfeited if containers are not returned within 18 months. Determine the liability for refundable deposits to be reported on the December
If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to a simplified employee pension (SEP) IRA for 2018
for the year the sales of software inc. were 323000 the cost of goods manufactured was 260000 the beginning inventories
Provide the Outdoor Life Inc. journal entries for the transactions involving its investment in Escape Tours Inc. during 2012. Determine the December 31, 2012, balance of Investment in Escape Tours Inc. Stock
Washington Co. plans to produce and sell chairs. Calculate margin of safety in units with the budgeted sales volume
What is the Economic Order Quantity, The firm plans to increase the dividend by 6.3 percent per year indefinitely
The company expects to start the first quarter with 1,650 units in finished goods inventory. Calculate the required production in units of finished goods
On October 1, 2017, Noller Company issued $8,000,000 par value, 10%, 10-year bonds dated July 1, 2017, Prepare the journal entry at the date bonds are issued
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