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Issued 5,000 ordinary shares in exchange for a patent valued at P 100,000 Berry Corporation has 50,000 shares of P10 par ordinary shares authorized. The following transactions took place during 2015, the first year of the corporation's existence:
Sold 5,000 ordinary shares for P18 per share
Problem 1: At the end of the Berry's first year, total contributed capital amounted to
a. P 40,000 c. P 100,000
b. P 90,000 d. P 190,000
Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: What is the estimated raw materials inventory balance at the end of July? What is the estimated f..
For 2016 , Rita Picard, who was self-employed, had $50,000 of net earnings from self-employment, $10,000 in dividends, and $5,000 in taxable interest. She deducts $3,000 for self-employed health insurance and $3,825 for the r deduction for self-emplo..
Analyze the financial condition of Bellwether Garden Supply, and interpret the result for company leaders and what is the Business Status Navigation Center? Can it be customized? Does the Business Status Center show your security settings?
Assume that Snap Fitness estimates that each location incurs $4,000 per month in fixed operating expenses plus $2,000 to lease equipment.
Do you consider that fair value accounting caused the financial crisis? I want to set it out in sections analysis, research and evaluation and answer. Would you help me get started on these sections?
Val had capital assets of $750,000 and accumulated amortization of $103,000. What was the gain/loss on the disposal of capital assets?
Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.
How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity.
Optimal Price. Last week, Discount Food Stores, Inc. reduced the average price on the 22 ounce size of Dishwashing Liquid by 1%. In response, sales jumped by 8%. Calculate the point price elasticity of demand for Dishwashing Liquid. Calculate the opt..
Yaddof Corporation reports operating expenses of $70,000 excluding depreciation expense of $15,000 for 2014. Compute the cash payments for operating expenses in 2014.
Sea Green has just lost a product liability suit with damages of $7 million being awarded to the plaintiff. Although Sea Green will appeal the judgment, legal counsel indicates the judgment is highly unlikely to be over turned by the appellate court...
Prepare the absorption costing and marginal costing income statements for March. Complete marginal and absorption statements.
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