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Question - A new asset is acquired during the year with a fair value of R100 000 under a finance lease, the lease agreement states payments of R20 000 must be paid for 6 years starting on 31 May 2020. At the end of the six years legal title of the asset will be received. How would the adjustments be calculated if the only entry posted was for the R20 000 payment and that was treated as an operation expense?
Calculate cost of goods sold and ending inventory under the cost flow assumptions, FIFO, LIFO and weighted average (using a periodic inventory system)
Prepare a report on the History of International Accounting Standard
Just before his first attempt at bungee jumping, John decides to buy a life insurance policy. What is the present value of John's future annual earnings?
The par value of all common stock is $10. What is the total dollar amount credited to additional paid in capital - common stock on August 1, 2018
The cash price of the inventory at the time of sale was P700,000. Make all the necessary journal entries for 2019
Assume that the error in Exercise 3-15 was not corrected and that the $4,950 of accrued salaries was included in the first salary payment in January.
Sales revenue from continuing operations for the year 1 200 000. Prepare the statement of profit or loss for the year ended 30 June 2020
Prepare the entry to record the trade in generally accepted accounting principles. Accumulated depreciation 1,050,000. Original cost 1,200,000
diston company uses the weighted-average method in its process costing system. the first processing department the
on march 1 2008 jackie chan company sold its 5-yeat 1000 face value 9 bonds dated march 1 2008 at an effective annual
Identify deficiencies in the sufficiency and appropriateness of the evidence gathered in the audit of accounts payable of Grande Stores.Discuss what additional steps you would take to increase the sufficiency and appropriateness of the evidence ne..
For each category of business processes (revenue, expenditure, conversion, administrative), give an example of a business process.
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