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Question - The home office shipped merchandise costing P48,000 to Manila Branch and paid freight of P3,200. Shortly afterward, the home office instructed Manila branch to transfer this merchandise to Baguio branch. Freight costs of P2,400 were paid by Manila branch to carry out the order. If the merchandise had been shipped directly from the home office to Baguio branch, the freight cost could have been P4,000. Prepare entries to be made on the books of the home office and the branches.
Based on the following data for the current year, Net sales on account during year $500,000. What is the accounts receivable turnover
Is the $3,190 credit balance in the cash account an asset, a liability, stockholders' equity, a revenue, or an expense
Hector Gonzales Company incurs these expenditures in purchasing a truck: cash price $18,000; accident insurance (during use) $2,000; sales taxes $900; motor vehicle license $300; and painting and lettering $1,200. What is the cost of the truck?
masse corporation uses part g18 in one of its products. the companys accounting department reports the following costs
The ledger of Jaime Corporation at December 31, 2017, Prepare a statement of comprehensive income for the year ended December 31, 2017
Compute the departmental overhead rates using machine hours as the cost driver.Compute a company-wide overhead rate using machine hours as the cost driver.Compute the overhead costs per batch of MaxiFlow and Alaska assuming:
Multinational corporations face many ethical issues around the world. These include sexual and racial discrimination, human rights, price discrimination, bribery, child labor, harmful products, pollution and the natural environment, telecommunicat..
For the year ending December 31, 2015, how much should the hospital recognize as capitation revenue
Jocelyn paid Trudy $4,000 to care for her son. What is the amount of Jocelyn's child and dependent care credit if her AGI for the year was $30,000
Audit expectation gap has a detrimental effect on the well-being of the auditing profession. Comment on the role of auditors in this area based on ISA 240
In 2018, the Social Security percentage was 6.2% for the first $175,500 earned. How much is Medicare for Steven for the year
On January 1, 2016 Vera Co. had 100,000 shares of $5 par common stock outstanding. The following transactions took place during 2016.
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