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Question - As of December 31, 2018, the total assets and total liabilities of the business amounted to P350,000 and P150,000 respectively. Total non-current asset was P195,000. Working capital during the year was P50,000.
- How much was total current assets?
- How much was total non-current assets??
Vacation pay P110,000 Sick pay 80,000 In its December 31 financial position, what amount should Northwest report as its liability for compensated absences?
Toni Tornan is a single parent. During 2014 she earned wages $26,550. Her employer did not withhold federal income taxes from her pay.. Toni claims her two children, age 5 and 8, as dependents. The wages are Toni’s only source of gross income. Comput..
Assume that Jackson again approaches Brown to make the necessary adjustments and is unsuccessful. Describe the steps that Jackson should take
How does financial data influence business decisions? What legal and regulatory requirements need to be considered during business planning?
To sell their one site where their cost exceed the revenue to the second company, would it be considered a related party transaction under IFRS?
Beca Corporation is making a $89,850 investment, What is the present value of the tax savings related to depreciation of the equipment?
Transaction analysis quantitative; analyze results. Stacy Ann Kelly owns and operates Kelly's Furniture Emporium,
01/02 Beginning Balance 450 units at $25. Using the LIFO Method, Compute the Ending Inventory (units and amount) at 06/30/18
Early in January 2019, Oler, Inc., purchased equipment costing $24,000. Prepare the journal entries to record income taxes
What are 5 credit policies or guidelines could a business implement to maximise cash flow and address potential credit issues? Provide the example.
$27.20 plus or minus 2% annual fixed cost are $32,500, and depreciation is $,400 per year. What is total annual expense per unit under the pessimistic scenario
What level of sales dollars is needed for a monthly profit of $60,000? For the month of July, the marina anticipates sales of $1,000,000. Illustrate what is the expected level of profit?
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