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Problem 1: Monday Agency has a player contract with Ana that is recorded in its books at P4,800,000 on July 1, 2019. Tuesday Agency has a P6,000,000 (recorded in its books) player contract with Elsa on July 1, 2019. On this day, Monday Agency exchanged Ana to Tuesday Agency for Elsa and paid a monetary difference of P600,000. On the exchange date, the fair value of the Elsa contract was P7,200,000. The exchange transaction lacked commercial substance. After the exchange transaction, the Elsa contract should be reported in Monday Agency's records/books at?
a) P5,400,000
b) P6,000,000
c) P6,600,000
d) P7,200,000
e) P0
The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhad and $1.30 for fixed overhead) based on 100% capacity of 80,000 machine hours. What is the amount of the factory overhead controllable variance?
Which would be a method by which a city could reduce its expenses and balance its budget? Transfer operation of its sewer system to a sanitary district.
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Calculate Goodwill? The non-controlling interests are measured at their proportionate share of the acquiree's identifiable net assets at the acquisition date.
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