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Question - Romel (Pty) Ltd is a company that started operating on 1st January 2019 and has its year end on 31 December each year. The company's head office is in Pretoria. It also owns land and buildings in North West Province which was purchased for R 300 000. The land and buildings are leased to tenants under an operating lease for R 50 000 per annum. Identify whether leased land and building can be recognized as an investment property under IAS 40.
1. discuss the key elements of the inventory costing method.2. discuss why it is appropriate for any one to use this
johns sporting goods is preparing its annual cash budget showing quarterly data for 2011. a 20000 cash balance is
The straight line method of amortization is used for both premiums & discounts. Use this information to prepare the adjusting General Journal entry
CVP analysis, income taxes. (CMA, adapted) J.T. Brooks and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales.
What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some intangible assets not amortized? What is the implication to the financial statements?
A company reported the following information for the production and sale of 500,000 gallons of oil: What would be the gross profit
issued more common stock for $29,500. What is total stockholders' equity at the end of the year
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DRAM module would be $26. Assume FCC uses the physical measure method. Should FCC sell the standard memory modules or the DRAM modules?
White corp, which had earnings and profits of $100,000, distributed a parcel of land to its sole shareholder, doug. the property had a FMV of $95,000 and an adjusted basis of $55,000. Doug assumed a $60,000 liability associated with the land. what is..
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