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During the period, the business acquired an equipment costing P 200,000 in cash. The business owner is questioning why you as his accountant did not include the P 200,000 equipment as one of the items of operating expense in the Income Statement which resulted in a higher income tax of the business.
Problem 1: How would you explain it to the owner
With regards to the question po, is there a possibility po ba na the accountant used the accrual basis wherein An expense is recognized on the income statement when it's incurred, regardless of when payment is made.
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A segment of a business reported a contribution margin of $36,000 and controllable fixed costs of $12,000. The company-wide net income would have been
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Should Devers's knowledge of the compensation plan be a factor that influences her estimate?
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Write a minimum 150-word response to each of the following scenarios from Exercise E3-1 in Financial Accounting (p. 132).
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your friend sara has been hired to help take the physical inventory in malabys hardware store. explain to sare what
If money is worth 5 % compounded semi-annually, what is the value of Byrnco company's bid in today's dollars? Which company has the lowest bid (Arcon or Byrnco)
Prepare Olsheski's cash flow statement for the year ended December 31, 2017 using the indirect method.balance sheet for =tea at the end of 2016 and 2017
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