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Question - Written, Inc. has outstanding 500,000 shares of P2 par ordinary shares and 100,000 shares of no par 8% preference shares with a stated value of P5. The preference shares is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year. Assuming that P105,000 will be distributed as a dividend in the current year, how much will the preferred stockholders receive?
a. P105,000
b. P35,000.
c. P80,000
d. P40,000.
Assuming the FIFO periodic cost flow assumption, what will be the company's cost of goods sold for the June 30, 2020 sale of 100 items?
Siburo Company issued $300,000, 11%, 10 year bond on January 1, 2010 for $318,694. This price resulted in an effective interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1. Siburo uses the effective interest met..
Adjustments are very important in accrual-based accounting in ensuring that the balances of accounts are correct before preparation of the financial statements. In this Discussion, you will look at deferrals and accruals and how they affect the finan..
A forensic audit is generally a sampling activity. The smoking gun to convict Al Capone was a cash receipts journal with Capone's name on it. A forensic accountant does not search public records. Plagiarism is considered to be fraud.
Calculate the annualized net convenience yield for a commodity of your choice. Retrieve the current risk free rate from the U.S. Government treasury site.
Assume that the rice is subsequent sold by Jol on June 1, 2012, for $1,200 per ton. What journal entries will Jol make on that date?
Life Corporation,Compute LIFE Corporation's operating expenses for the month of October, Year 10, under the accrual basis of accounting
Which entries are to be treated as accrued income or accrued expenses and why? Intereston term Loan for month ended 31.03.17 for Rs 4000 was paid in April 17.
How would any possible loss be treated (determining loss numbers, and provide adequate reasons and the journal entry, if necessary) under ASPE requirements?
The following transactions related to long-term bonds occurred for Crump Inc.: Journalize the transactions.
Consider the following situation. Tricon Piping Systems manufactures small diameter potable polyethylene water pipe and achieves distribution primarily through plumbing wholesalers. The firm also sells directly to large construction companies, often ..
Name some of the benefits of budgeting. Which term is used for a set of budgets? List and explain the budgets in the set for a manufacturer or a merchandiser. Which budgeted financial statements are included in the set of budgets? What is meant by th..
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